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N.Y. man spends thousands in search of lottery riches

Last post 4 months ago by robmang. 23 comments.

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crystaltips's avatar - Lottery 025
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Posted: August 24, 2008, 9:38 am - IP Logged Bottom

A lady in Scotland won 35.4 million pounds on Euromillions and she bought one line and didn't play that often. Think about it, if you win, you will on ONE line so it's not worth investing thousands. The odds are nearly all stacked against you, so you may as well not give the lottery bosses all your cash. One line is just fine.

"Depend on the rabbit's foot if you will, but remember it didn't work for the rabbit." - R. E. Shay.

MillionsWanted's avatar - th 39059 moneyman 122 80lo
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Posted: August 24, 2008, 10:46 am - IP Logged Bottom Top

You only need to play ONE line. The problem? It must be correct.

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Posted: August 24, 2008, 11:05 am - IP Logged Bottom Top

"The Unprintable Fellow" - I like that nickname for The Doorman. I want to go to AC and pose by the statue with my gf like he did.

The more tickets bought per drawing = better chance of winning IF the drawings are purely random and IF systems don't do anything. If a system can help you win then less is more. When I won the 5 it was on a 2-ticket board with system use. I find it's just as much or even more fun to play only 1 number per draw. What happens is people are afraid "If I don't also play THESE and THOSE then what if they come out I'd be so mad!" Since there is only one winning combination come up with your one best pick and play that, unless your backtest shows that wheeling a few numbers would overcome the ratio. I have not won anything recently but am better off and it was more fun with "one at a time".

KEY: backtest! You can "spend" 30K a month virtually and see if you'd have won or lost. Test with random RNG, system picks, or whatever. License plates are the same thing as QP.

I play scratch-offs sparely and mostly for fun and when a new one comes out. Random or system play has to overcome the 50% takeout and maybe taxes.

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Posted: August 24, 2008, 11:56 am - IP Logged Bottom Top

yeah if the guy had spent $500 a week  " investing " in a company ; and then this other guy comes along and invests $20 and suddenly is rich , he might have something to complain about. but this is the lotto.theres no order of payment, no priority list.  sure if u spend $10 and i spend $5 a week. you should win twice as often as me; but a jackpot changes all that.

 

i guess some people are brought up not trusting banks or investments. hell ive seen enough stories  to know it aint all plain sailing. maybe this guy comes form a background where; other than spending in on yourself, there is no investment options.

i look at all lotteries as a  50-50  chance,

either i win or i don't

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Posted: August 24, 2008, 5:26 pm - IP Logged Bottom Top

The story would be less interesting had Mr. Otero won. You'd get a news conference about him going back to his homeland and putting his feet up next to his family (hope he has Odor Eaters!) and that would probably be it. On the other hand The Doorman is a lot more interesting to read about him and this girlfriend of his and the tie-in with another story. If I were to win and then "put my feet up" and do nothing that would drive me into a deep depression. I'm guessing he'd keep playing no matter how much he won.

2 Thess. 3 v. 10: "If any will not work neither shall he eat." it's not for "suckers". Things have to be produced or there'd be nothing on the store shelf and no one to sell you whatever goods you want after you win. I want to win so that I have less things to worry about but I'd definitely have to keep busy. At the same time unless I'm in some trouble I'm not jealous if someone nearby won (and it's happened) unless the jerk cut in line in front of me and bought the same scratch-off I was going to and then won! In fact I'm glad if they're local or better yet a friend (even if they don't share) because it's way better than someone anonymously winning 43 states away!

All I know is I'd hate to be in line behind that dude.

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Posted: August 24, 2008, 5:31 pm - IP Logged Bottom Top

Lots of people spend money and don't win. Why is this guy not winning - a story? What?

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RJOh's avatar - chipmunk
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Posted: August 25, 2008, 12:35 pm - IP Logged Bottom Top

Lots of people spend money and don't win. Why is this guy not winning - a story? What?

This guy spent a lot of money and worked across the street from a guy that won who spent less.  Most losers don't want to go public, but this loser didn't mind sharing his stupidity with the world.

* Trying is the first step toward failure *
homer J. Simpson

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Posted: August 28, 2008, 5:37 am - IP Logged Bottom Top

It is best to remain anonymous if you are lucky to win, jealous or nutty people come out of the woodwork. I still think that it's crazy that US state lotteries to require winners to go public. It's totally mad!

justxploring's avatar - villiarna
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Posted: August 28, 2008, 5:50 am - IP Logged Bottom Top

"Last year, he spent $30,000 on the lottery"

 

$30,000 in one year on lottery tickets?  This man has a gambling problem!!  Gosh, if I spend over $20 a week I get concerned that my lottery spending is getting out of control! 

JackpotWanna's avatar - squiz
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Posted: August 28, 2008, 4:00 pm - IP Logged Bottom Top

Wow! $30,000 is lots of money to gamble with.  So in 10 years that would be $300,000 gambled away!