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BRIGGS
Posts: 53275
Alba Posts: 7
Joined: 7/30/2002
Member: #303
1/10/2016  12:25 PM
Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened
RIP Crushalot😞
AUTOADVERT
PresIke
Posts: 27671
Alba Posts: 0
Joined: 7/26/2001
Member: #33
USA
1/10/2016  12:31 PM
Giving money away
Forum Po Po and #33 for a reason...
GustavBahler
Posts: 42864
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Joined: 7/12/2010
Member: #3186
1/10/2016  1:10 PM
BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened

They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.
newyorker4ever
Posts: 26515
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Joined: 5/19/2014
Member: #5816
1/10/2016  1:14 PM
I got this.
Nalod
Posts: 72120
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Joined: 12/24/2003
Member: #508
USA
1/10/2016  1:28 PM
its always the same odds. it don't change.
Allanfan20
Posts: 35947
Alba Posts: 50
Joined: 1/16/2004
Member: #542
USA
1/10/2016  9:06 PM
Nalod wrote:its always the same odds. it don't change.

Yup. The prize doesn't change the odds and neither do the number of people playing.

Still a waste of money though.

“Whenever I’m about to do something, I think ‘Would an idiot do that?’ and if they would, I do NOT do that thing.”- Dwight Schrute
Allanfan20
Posts: 35947
Alba Posts: 50
Joined: 1/16/2004
Member: #542
USA
1/10/2016  9:14 PM
Although a few 1 million dollar prizes seem to be going out and that alone makes it sound intriguing to buy in.
“Whenever I’m about to do something, I think ‘Would an idiot do that?’ and if they would, I do NOT do that thing.”- Dwight Schrute
crzymdups
Posts: 52018
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Joined: 5/1/2004
Member: #671
USA
1/10/2016  9:57 PM
Nalod wrote:its always the same odds. it don't change.

I tried to explain this to my mom today and she would not believe me.

¿ △ ?
Vmart
Posts: 31800
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Joined: 5/23/2002
Member: #247
USA
1/10/2016  10:37 PM
I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.
crzymdups
Posts: 52018
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Member: #671
USA
1/10/2016  10:59 PM
Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.

I think there is some weird belief that if no one else is winning that means *YOU* are destined to win. Like the powerball is *WAITING* for *YOU* to buy the magic ticket to win. At least my family seems to think that way.

¿ △ ?
GustavBahler
Posts: 42864
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Joined: 7/12/2010
Member: #3186
1/10/2016  11:07 PM
Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.

Maybe because most people (like me) dont play often and this is more of a minor event than anything. Something to talk about. Got us talking on a bball message board.
BRIGGS
Posts: 53275
Alba Posts: 7
Joined: 7/30/2002
Member: #303
1/10/2016  11:07 PM
Nalod wrote:its always the same odds. it don't change.

Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.

For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.

RIP Crushalot😞
BRIGGS
Posts: 53275
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Joined: 7/30/2002
Member: #303
1/10/2016  11:10 PM
GustavBahler wrote:
Vmart wrote:I never understood how when the jackpot increases people buy more tickets. I don't understand people it's like what f' it's only 30 million that ain't enough for me.

Maybe because most people (like me) dont play often and this is more of a minor event than anything. Something to talk about. Got us talking on a bball message board.

I used to buy 1-2k tickets when NY did not have Powerball and the pot was up gave them to my little brother to sell down by my work 1-2bucks 3 for 5. He made good cash doing it.

RIP Crushalot😞
crzymdups
Posts: 52018
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Joined: 5/1/2004
Member: #671
USA
1/10/2016  11:10 PM
BRIGGS wrote:
Nalod wrote:its always the same odds. it don't change.

Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.

For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.

I think he was talking about individual odds. Like individually if you buy a power ball ticket you have a 1 in 260 million chance of winning, no matter how many people play.

¿ △ ?
BRIGGS
Posts: 53275
Alba Posts: 7
Joined: 7/30/2002
Member: #303
1/10/2016  11:18 PM
crzymdups wrote:
BRIGGS wrote:
Nalod wrote:its always the same odds. it don't change.

Actually the odds change every week. The inflow--the amount taken in by the Powerball increases with jackpots(Obviously increasing the jackpot itself)--which increases the probability that the combination wining numbers will be chosen.

For example inflow of a 15mm dollar lottery might be 450mm while inflow of a 500mm $ lottery is 3B. With 580mm combinations the more likelihood the combination will be hit. Individually the odds remain the same but for the game itself odds increase each week that there will be a winner by increased inflow.

I think he was talking about individual odds. Like individually if you buy a power ball ticket you have a 1 in 260 million chance of winning, no matter how many people play.

Oh yeah individually it stays the same. I think they said there was less than a 10% probability that there would NOT be a winner--those are low odds. That means --if they say lower than 10---that there was a 90-95% chance that someone SHOULD'VE won the lottery and did not. Put it this way no one would bet against someone not winning the lottery next week--it will increase flow to the point the probability will likely be 100% certainty.

RIP Crushalot😞
Nalod
Posts: 72120
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Joined: 12/24/2003
Member: #508
USA
1/11/2016  12:05 AM
The amount is too large. It will mess peoples lives.
Allanfan20
Posts: 35947
Alba Posts: 50
Joined: 1/16/2004
Member: #542
USA
1/11/2016  12:53 AM
Nalod wrote:The amount is too large. It will mess peoples lives.

When you really think of it... it's a crap ton of money that no winner really needs that could be used for so many important as hell things.

Nobody will listen to that though.

“Whenever I’m about to do something, I think ‘Would an idiot do that?’ and if they would, I do NOT do that thing.”- Dwight Schrute
earthmansurfer
Posts: 24005
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Joined: 1/26/2005
Member: #858
Germany
1/11/2016  4:26 AM
GustavBahler wrote:
BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened

They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.

That is theft, pure and simple. Jail time is around the corner. But since Wachovia and HSBC can get away with Billions (not to mention thousands of lives) I imagine these guys don't get much jail time.

The intuitive mind is a sacred gift and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift. Albert Einstein
NardDogNation
Posts: 27692
Alba Posts: 4
Joined: 5/7/2013
Member: #5555
1/11/2016  7:03 AM
earthmansurfer wrote:
GustavBahler wrote:
BRIGGS wrote:Unreal its going to roll up to 1.5 b++ doesn't seem mathematically possible to sell 3+ b tickets and miss out 1-580 mm but it happened

They just fired the head of Powerball and others for lottery fixing . Going to play until someone wins it.

That is theft, pure and simple. Jail time is around the corner. But since Wachovia and HSBC can get away with Billions (not to mention thousands of lives) I imagine these guys don't get much jail time.

One of the underlings got 10 years...probably will be out sooner though
jrodmc
Posts: 32927
Alba Posts: 50
Joined: 11/24/2004
Member: #805
USA
1/11/2016  8:29 AM
Like flushing your dollars down the toilet and hoping some of them float back up to the top.

The lines to buy tickets now must be amazing. There goes the mortgage money, food money, gas money.

If this keeps going, it's going to get really ugly for some, I would imagine.
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