#### SaladTosser

##### Kill me now

I will be a former UPSer when it comes time to accept that oversized check.

Someone said it would be fun to stay at work and see how long it takes to get fired.

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I will be a former UPSer when it comes time to accept that oversized check.

Someone said it would be fun to stay at work and see how long it takes to get fired.

Low odds or not, someone will win - but only if they have a ticket.

Nobody won the last drawing.

I do believe the odds of there actually being a winning ticket go up when there is a frenzy like this.Nobody won the last drawing.

The more people that buy a ticket the more likely SOMEONE has the winner.

relatives, phone, IRS, phone calls, media , strangers, charities , and more. we ended the problems by giving it all up. it's a very long story.

but the gist of it is that unearned wealth ends up being a curse.

I'm.waiting for you all to buy the losers,so I can buy the winner.I do believe the odds of there actually being a winning ticket go up when there is a frenzy like this.

The more people that buy a ticket the more likely SOMEONE has the winner.

relatives, phone, IRS, phone calls, media , strangers, charities , and more. we ended the problems by giving it all up. it's a very long story.

but the gist of it is that unearned wealth ends up being a curse.

She is still sitting naked on the recliner. The lazy boy store isn't happy.

Maybe she put a towel down firstShe is still sitting naked on the recliner. The lazy boy store isn't happy.

Imagine the suction.Maybe she put a towel down first

Played 3 different sets of numbers yesterday one of them had 2 numbers picked correctly

Thats enough for another losing ticket!Played 3 different sets of numbers yesterday one of them had 2 numbers picked correctly

Lol

I've got no problem

relatives, phone, IRS, phone calls, media , strangers, charities , and more. we ended the problems by giving it all up. it's a very long story.

but the gist of it is that unearned wealth ends up being a curse.

Saying NO

Lottery is tax on stupid people

The lottery is the trailer park retirement plan.

For those that spend $10 or $20 a week sure but $2 I would of blown on something else anyway not really.Lottery is tax on stupid people

Lottery is tax on stupid people

Playing the lottery is about expected value, not probability. It's not just the odds of winning, it also has to do with the expected rate of return.

Think of it this way, suppose that we played a game where we shuffled a deck and picked the card from the top. If the card is the ace of spades I give you $0.01, any other card and you give me $0.01. Would you play?

How about if we changed the rules and I gave you $5 each time the ace of spades comes up, would you play then?

The expected value for the lottery is the probability of winning times the amount you win minus the probability of losing times the cost of the ticket. If the expected value is positive then you should play, if it is negative you shouldn't. If it's zero, it's up to you.

For example what if your odds of winning are 1/1000, the payoff is $1, and each ticket costs $1, would you play? I wouldn't, and here are the numbers to back it up: your expected value is

E = odds of winning * amount you win - odds of losing*amount you lose

= 1/1000*$1 - 999/1000*$1

= -.998

That game is a loser, you should expect to lose $0.998 every time you play.

If the payoff is $400 and the cost of the ticket is $.50 then it might not be as obvious if you should play or not. But, your expected value is

1/1000*$10 - 999/1000*$0.5 = -0.0995

Better, but still a loser of about a dime each time you play.

If the payoff is $1,0000,000 and the cost of the ticket is $0.01 then your expected value is

1/1000*$1,000,000 - 999/1000*$0.01 = 999.99001

The expected value is positive, so you should play. In that case you should buy all 1,000 tickets for $10 and pocket the $1,000,000 for a profit of $999,990.

Forgive any math errors ahead of time, hopefully this gives you the idea.

We can all have a shot for 2 bucks.

We can all have a shot for 2 bucks.

At the lottery or olroadbeech?

Umm....At the lottery or oldroadbeech?

I'll answer that when I quit laughing.