|
Statistically speaking, whether you buy 1 ticket or 100, you're going to have roughly the same chance of winning the lotto (i.e. > 0). By entering in a lotto pool at the office, all you are doing is guaranteeing that if you do win, you'll have a 100% chance that you need to split the winnings. Even so, if you don't go into the pool and the pool happens to win (very statistically unlikely), you'll finally rid yourself of all your colleagues who are too stupid to do basic logic and reasoning. Any way it's always a win.
|
# ? Feb 5, 2015 00:48 |
|
|
# ? Mar 29, 2024 16:44 |
|
You make some interesting points, but the fact of the matter is that you're a fag
|
# ? Feb 5, 2015 00:53 |
|
i agree, gambling is stupid if you want to make!money!fast just lie a lot, that seems to be how everyone else does it
|
# ? Feb 5, 2015 00:55 |
|
It's true! I suck the dick.
|
# ? Feb 5, 2015 00:55 |
|
hmmm, I agree, OP
|
# ? Feb 5, 2015 00:56 |
|
You have to do the group/work lotto thing because if you don't and they win you have to kill yourself. Also, powerball is like 300 million.
|
# ? Feb 5, 2015 00:56 |
|
No. 6 posted:It's true! I suck the dick.
|
# ? Feb 5, 2015 00:57 |
|
Reminds me of a joke. What has 5 balls and fucks poor people? givepatajob fucked around with this message at 01:01 on Feb 5, 2015 |
# ? Feb 5, 2015 00:57 |
|
No. 6 posted:Statistically speaking, whether you buy 1 ticket or 100, you're going to have roughly the same chance of winning the lotto (i.e. > 0). By entering in a lotto pool at the office, all you are doing is guaranteeing that if you do win, you'll have a 100% chance that you need to split the winnings. what if you buy a ticket yourself ad get in the pool op? owned bitch
|
# ? Feb 5, 2015 00:59 |
|
Remember when Elliot Rodger (the supreme gentleman) bought thousands of dollars worth of lottery tickets because he thought it was his destiny to win? All lotto ticket buyers are equally this stupid. I've bought a few lotto tickets in my life too, but I'm a well known moron.
|
# ? Feb 5, 2015 01:01 |
|
I spent like $400 on CashWords over the course of about two months I regret nothing!
|
# ? Feb 5, 2015 01:04 |
|
No. 6 posted:Statistically speaking, whether you buy 1 ticket or 100, you're going to have roughly the same chance of winning the lotto (i.e. > 0). By entering in a lotto pool at the office, all you are doing is guaranteeing that if you do win, you'll have a 100% chance that you need to split the winnings. Did you mean to mean to put that "greater than" sign to mean "greater than zero" or did you gently caress up?
|
# ? Feb 5, 2015 01:25 |
|
dethkon posted:Did you mean to mean to put that "greater than" sign to mean "greater than zero" or did you gently caress up? Greater than zero. But I hosed up most of my life, so there's that.
|
# ? Feb 5, 2015 01:32 |
|
I drat well know that playing the lotto is a suckers bet but I could literally light that 5 bux on fire every week and not ever notice it missing and it buys me the fantasy of having a snowballs chance in hell of waking up a millionaire on the weekend. Over the course of my life ya that'll be like 15 grand but lets be honest, I'm spending way more than that over the course of my life buying the premium toilet paper rather than the budget single ply.
|
# ? Feb 5, 2015 01:38 |
|
EvilJoven posted:I drat well know that playing the lotto is a suckers bet but I could literally light that 5 bux on fire every week and not ever notice it missing and it buys me the fantasy of having a snowballs chance in hell of waking up a millionaire on the weekend. Yeah but you could just put that 5 bux in a piggy bank in your house, and then use that 15 grand to buy the really luxe Depends when you're old.
|
# ? Feb 5, 2015 01:42 |
|
When I'm old I'm gonna wear a mumu and just drop deuces on the sidewalk while looking people straight in the eye and giving them the 'I'm old, what the gently caress are you gonna do about it?' stare.
|
# ? Feb 5, 2015 01:46 |
|
I'm trying to decide if it'd be more funny to be the odd man out of a group lotto when the group won, or to be the group when the odd man out won.
|
# ? Feb 5, 2015 01:46 |
|
People who spend anything more than pocket change on the lotto are loving morons, admittedly, but people who poo poo on casual gambling are usually the same kind of people that die with a million in their bank account. The funeral is full of people talking about how much of a no fun having penny pinching gently caress they were and then whoever scores the inheritance blows it on vacations and poo poo.
|
# ? Feb 5, 2015 01:50 |
|
dethkon posted:Did you mean to mean to put that "greater than" sign to mean "greater than zero" or did you gently caress up? I like having a greater than 0 chance at winning the lottery, seems like good odds!
|
# ? Feb 5, 2015 01:50 |
|
I'm in the group pool at work, because I don't want to be the sorry bastard that gets left behind if it ever wins.
|
# ? Feb 5, 2015 01:57 |
|
dethkon posted:Did you mean to mean to put that "greater than" sign to mean "greater than zero" or did you gently caress up? He was correct, just in a really stupid way.
|
# ? Feb 5, 2015 01:59 |
|
ive bought like four tickets throughout my life and ive made a five dollar profit in total
|
# ? Feb 5, 2015 02:03 |
|
Three times I won more than 10 bux on the lotto. One was $50 on a scratch ticket I picked up while thinking 'gently caress it this day can't get any worse' after sleeping in and losing an hour worth of pay and having to take a super long and expensive cab to work because the bus schedule was hosed. After factoring in the lost wages and cab fare I came out ahead 5 bux. Second time I won a hundred but found out the repair job on my brakes was gonna be more than expected. Third was a week a go, I spent my 20 bux on sushi a coffee and another ticket. I bet if I'd invested the money I've spent so far on the lotto I'd be a thousandairre!
|
# ? Feb 5, 2015 02:08 |
|
op never gets invited to his office lotto pool
|
# ? Feb 5, 2015 02:21 |
|
I play $2 to buy a powerball ticket when it gets above like $200 million. I have no shame. Feels weird when I see someone in there dropping like $100 on tickets though.
|
# ? Feb 5, 2015 02:27 |
|
No. 6 posted:It's true! I suck the dick. hey me too. want to meet up? i live in chicago, but i have a car we can gently caress in.
|
# ? Feb 5, 2015 02:28 |
|
had a syndicate at work where we all chipped in the price of a lotto ticket every week but eventually that stopped and everything we won weekly just went back into the purchase of tickets so it was pretty much a pointless activity
|
# ? Feb 5, 2015 03:01 |
|
guys wait what if its a trick so nobody will play against him
|
# ? Feb 5, 2015 04:40 |
|
i won the tickets themselves, so it's all profit.
|
# ? Feb 5, 2015 04:47 |
i once dated a girl whose father won several million in the lottery, but by the time i met her he had spent all the money, was dead, and she lived in a make-shift room in the basement of her widowed mother's tiny single-story house, surround by the sports memorabelia and baseball cards that her dead father presumably blew most of the winnings on
|
|
# ? Feb 5, 2015 04:55 |
|
SeaTard posted:I'm in the group pool at work, because I don't want to be the sorry bastard that gets left behind if it ever wins. you will anyway, because whoever holds on to the tickets is just going to run off with the money like they do every time one of these pools wins
|
# ? Feb 5, 2015 04:56 |
|
Dangit Ronpaul posted:you will anyway, because whoever holds on to the tickets is just going to run off with the money like they do every time one of these pools wins Has this happened? Source?
|
# ? Feb 5, 2015 04:57 |
|
Waltzing Along posted:Has this happened? Source? sounds like common sense, because what legal recourse would the other participants have?
|
# ? Feb 5, 2015 04:58 |
|
gnarlyhotep posted:sounds like common sense, because what legal recourse would the other participants have? If you have a whole office of people with copies of the tickets and the one who is holding them runs off, I am pretty sure they would have legal recourse.
|
# ? Feb 5, 2015 04:59 |
|
Waltzing Along posted:If you have a whole office of people with copies of the tickets and the one who is holding them runs off, I am pretty sure they would have legal recourse. yeah but only one ticket wins...maybe its a lord of the tickets situation
|
# ? Feb 5, 2015 05:00 |
|
Waltzing Along posted:If you have a whole office of people with copies of the tickets and the one who is holding them runs off, I am pretty sure they would have legal recourse. goddamn who cares
|
# ? Feb 5, 2015 05:01 |
|
Waltzing Along posted:If you have a whole office of people with copies of the tickets and the one who is holding them runs off, I am pretty sure they would have legal recourse. google "lottery pool lawsuits" and enjoy tl;dr, yes you have legal recourse but your money will be in legal limbo for years and years and even then most of it's going to lawyers
|
# ? Feb 5, 2015 05:23 |
|
The idea of getting into a pool is to give you a larger chance to win a smaller pot, and that has to do with the marginal utility of money. Technically if you buy 1 ticket for a $500 million jackpot or if you buy 1 share out of 100 shares of 100 tickets, your expected value is the same. In the latter scenario, you just have 100 chances to win $5 million. However, if you think that there's not going to be a ton of difference in your life if you won $5 million or $500 million (and I think that's a pretty fair assessment for most people), then you should of course take 100 chances to win $5 million rather than 1 chance to win $500 million. This is also why the banker in Deal or No Deal always offered less than expected value for his deals (and because it made good television).
|
# ? Feb 5, 2015 05:26 |
|
EngineerSean posted:The idea of getting into a pool is to give you a larger chance to win a smaller pot, and that has to do with the marginal utility of money. Technically if you buy 1 ticket for a $500 million jackpot or if you buy 1 share out of 100 shares of 100 tickets, your expected value is the same. In the latter scenario, you just have 100 chances to win $5 million. However, if you think that there's not going to be a ton of difference in your life if you won $5 million or $500 million (and I think that's a pretty fair assessment for most people), then you should of course take 100 chances to win $5 million rather than 1 chance to win $500 million.
|
# ? Feb 5, 2015 05:27 |
|
|
# ? Mar 29, 2024 16:44 |
|
EngineerSean posted:The idea of getting into a pool is to give you a larger chance to win a smaller pot, and that has to do with the marginal utility of money. Technically if you buy 1 ticket for a $500 million jackpot or if you buy 1 share out of 100 shares of 100 tickets, your expected value is the same. In the latter scenario, you just have 100 chances to win $5 million. However, if you think that there's not going to be a ton of difference in your life if you won $5 million or $500 million (and I think that's a pretty fair assessment for most people), then you should of course take 100 chances to win $5 million rather than 1 chance to win $500 million. as an Econ undergrad I say..... Shut the gently caress up with the shitfucker!!!
|
# ? Feb 5, 2015 05:30 |