I think in the foreseeable future the EV will be less than the sales price. The EV goes up as the jackpot goes up. But as the jackpot goes up, so do the number of participants, increasing the odds of a split jackpot and reducing your EV.
-
Want to remove ads? Register an account and login to see fewer ads, and become a Supporting Member to remove almost all ads.
I think in the foreseeable future the EV will be less than the sales price. The EV goes up as the jackpot goes up. But as the jackpot goes up, so do the number of participants, increasing the odds of a split jackpot and reducing your EV.
cmu5p
Member
Poorer people spend more on the lottery because its the only way they see they can get rich. Most rich people don't feel the need to buy tickets because they are already rich.
On probability you can reduce it quite a bit. For instance it wont be , 1,2,3,4,5,6 or 2,4,6,8,10,12 etc
Can a UK person buy a ticket?
If not the following are the numbers I would have chosen so if they don't come up I will feel ok.
8 14 27 55 61 [6]
On probability you can reduce it quite a bit. For instance it wont be , 1,2,3,4,5,6 or 2,4,6,8,10,12 etc
Can a UK person buy a ticket?
If not the following are the numbers I would have chosen so if they don't come up I will feel ok.
8 14 27 55 61 [6]
Cottonwood
Roadster#433, Model S#S37
There is also the rationale of picking unwanted numbers like 13 and higher numbers because if you win, there is a smaller chance of someone else also winning, and you having to split the pot. Because most people use "Quick Pick" getting random numbers on their tickets, this advantage is swamped out.
There is one site that gets around the rules by having a person buy the tickets, scan them in and send the person an image, then if win they email you announcing they've won. A guy from Iraq won a lottery in Oregon last month. You can do a web search. Their site has been having problems due to deman though, I checked out of curiosity.
CmdrThor
Active Member
If you think the odds of 1 2 3 4 5 6 are any different than any other combination then you need to go back to math class. Now the expected value of some numbers might be different because the distribution of numbers played might increase or decrease the chances of you sharing the jackpot if you win.
Morristhecat
Member
I love to drive my Model S, so the other day I found it a good excuse to go for a 1 hour round trip across the border to buy a couple of Powerball tickets. Of course I won't win, but it is a good excuse to enjoy the car! :tongue:
wraithnot
Model 3 VIN #2942 Model S VIN #5785
I visited the local gas station last night for the first time for exactly the same reason. It does feel kind of odd driving a Tesla to a gas station. It also felt a little odd buying a lottery ticket since I took a really good probability class in college. But I couldn't resist getting an extremely small chance to win the first billion dollar jackpot in the history of the planet (assuming it goes up a bit from the current 930 million cash value). Maybe I'll buy another lottery ticket when it gets up to 10 billion.
Theoretically I know its the same but those set of numbers will not come up
. I would bet $1m that 1,2,3,4,5, would not come up but I wouldn't bet it on a random combination of numbers not coming up even though the maths says its the same probability.Hey with $1b you could invest in Faraday Futures...
Will it rollover if no one wins? Could it get to $10b?
Did you at least wash your windows? :smile:
I bought my first Powerball ticket today. Being a math guy, people know I would never buy one, however, I once said, "I'll buy one if it ever hit a billion dollars..."
This, of course, doesn't make sense - in reality, what's the difference if you win $250M or $1B?
One article I read said that they're predicting that only 80% of possible number combinations will be chosen for tonight's draw. So there's a 20% chance nobody wins.Theoretically I know its the same but those set of numbers will not come up
Hey with $1b you could invest in Faraday Futures...
Will it rollover if no one wins? Could it get to $10b?
Electricfan
Active Member
I've decided if I win I'm going to ask SpaceX if they can put a Lunar Module on the Falcon 9 and send me to the moon and back. I want to walk on the moon and collect some rocks, plant a flag, maybe a Tesla flag, pick up the plaque with Richard Nixon's name on it and either throw it into the sun or bury it, generally do the tourist thing, and then come home.
AMPd
Well-Known Member
With a billion dollars you can take care of your family a few generations ahead. Unless your kids or grandkids grow up spoiled and squander the money.
- - - Updated - - -
I'd keep it a secret, tell no one, answer no one!
Id definitely spread the wealth within the family but I wouldn't tell them where the money came from.
swaltner
Active Member
4 friends and I have been going in on tickets for the last couple drawings. Two reasons to go in on the group buy:
- Lots of entertainment value in the text messages going back and forth between us. That alone is worth it.
- Insurance against a lifetime of regret on the minuscule chance that they would win without you.
With the new rules for the PowerBall with more balls in play (odds increased from ~170 million to ~290 million to 1), they've pretty much guaranteed that we'll see these billion dollar lottery winnings on a "regular" basis. Pity the person that wins the next jackpot and "could have had" the bigger jackpot from this drawing.
How to read your losing lottery ticket. - Imgur
- Lots of entertainment value in the text messages going back and forth between us. That alone is worth it.
- Insurance against a lifetime of regret on the minuscule chance that they would win without you.
With the new rules for the PowerBall with more balls in play (odds increased from ~170 million to ~290 million to 1), they've pretty much guaranteed that we'll see these billion dollar lottery winnings on a "regular" basis. Pity the person that wins the next jackpot and "could have had" the bigger jackpot from this drawing.
How to read your losing lottery ticket. - Imgur
fluxemag
Member
"I thought you inherited your money."
"I did, old sport," he said automatically, "but I lost most of it in the big panic – the panic of the war."
