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Unemployed: Play the lottery or not?

Topic closed. 31 replies. Last post 8 months ago by randommusings.

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Halle99's avatar - Lottery 043
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Posted: March 3, 2009, 12:10 am - IP Logged

I don't understand why someone would question this at all.  If you collect unemployment, that means you worked for it, since you need to qualify based on previous employment and wages.  Even if you collect a disability check, it means you earned the money, since it's based on your social security earnings.  We might as well say that people over 65 collecting Social Security or anyone on Medicare shouldn't play either.   Then we need to make a list of all the bad habits people shouldn't be blowing their money on like cigarettes and booze.  What about renting a movie?   If you rent a movie it costs more than buying a few lottery tickets.   Next time you go into Applebee's or Chili's don't forget to stand up and ask how many people there are collecting unemployment or are past due on their credit cards or car payments. 

Server:   May I help you?

Customer:  We'd like a plate of those baby back ribs, some chili and a couple of beers.

Server:  Sure, but first I need to run your credit and check your employment status.

Excellent points  justxploring.  I absolutely I Agree!.

 

Good luck to all the pot is MINE....I know.

"Wait eagerly for the Lord, and keep to the way; God wil raise you to possess the land; you will gloat when the wicked are cut off".

                                                                              Psalms 37:34

diamondpalace's avatar - dp
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Posted: March 3, 2009, 12:29 am - IP Logged

If the lottery is so easy to win, I would not want to play.

Lottoism: Free pick 3 & Pick 4 predictions.

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Posted: March 3, 2009, 1:04 am - IP Logged

 I am graduating college this May. And I wonder what will happen to me.

 I am interning at a major animation studio in Burbank. Yeah, it's one of the biggest one in America. I hope I can get hired by them after graduation.

 But the future is very uncertain.

 Today I saw a copy of MM tickets at the studio. It's a company lottery pool. How many people are in the pool? Since it's a big animation studio, roughly 80 people participate in the pool. Even if they win, they will still have to keep their jobs because housing is mighty expensive in LA area and there are a lot of people to share the pie. I am not one of them.

 See, I told you guys already. I saw two full sets of numbers in my two different dreams and I play with those numbers. And several months ago, an amount of money flashed in my dream. It was $465millions.

 Nah, I can be happy with 5 millions after tax. Gotta stick with Super Lotto Plus because I certainly don't need $100millions.

DC81's avatar - batman39
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Posted: March 3, 2009, 2:09 am - IP Logged

Heh heh, a major animation studio in Burbank you say..... Jack-in-the-Box I think that might have been a little too descriptive. But still, interesting... I have a friend in LA who is also going to college for the same thing.

Anyway, people in general seem to look down upon lottery winners, even more so if they fit certain stereotypes. But that doesn't change the fact that all of them also dream about being rich, unless they are wealthy, then they are probably more likely not to care since I'd imagine there would be less jealously to begin with. Anyway, what else is someone going to do with a dollar these days? Use it a down payment on a pack of smokes as an investment for a higher chance of lung cancer? I'd rather spend one to 20 dollars a week on the lottery when it gets to a certain amount than spend just as much, if not more on other, significantly worse things.

With odds like 1 in 175,711,536 how can I lose?!

You can't predict random.

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Posted: March 3, 2009, 3:28 am - IP Logged

> I remember reading a story a few years ago about a man who only had a few dollars left to his name

I know it happened in NY.  

He bought 1 ticket during a break. As I remember he won $150 Mil.

His wife divorced him..

MarkP

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Posted: March 3, 2009, 3:33 am - IP Logged

> Since it's a big animation studio, roughly 80 people participate in the pool. Even if they win, they will still

>have to keep their jobs because housing is mighty expensive in LA area and there are a lot of people to share the pie.

 

Let me see, about $1 mil cash after taxes.  If I couldn't retire on 1 mil, I'd shoot myself.

> because housing is mighty expensive in LA area

Now, let me see, move to a cheaper area?

MarkP

KY Floyd's avatar - ysxqgbmxfua5f51qpjc
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Posted: March 3, 2009, 3:50 am - IP Logged

I don't understand why someone would question this at all.  If you collect unemployment, that means you worked for it, since you need to qualify based on previous employment and wages.  Even if you collect a disability check, it means you earned the money, since it's based on your social security earnings.  We might as well say that people over 65 collecting Social Security or anyone on Medicare shouldn't play either.   Then we need to make a list of all the bad habits people shouldn't be blowing their money on like cigarettes and booze.  What about renting a movie?   If you rent a movie it costs more than buying a few lottery tickets.   Next time you go into Applebee's or Chili's don't forget to stand up and ask how many people there are collecting unemployment or are past due on their credit cards or car payments. 

Server:   May I help you?

Customer:  We'd like a plate of those baby back ribs, some chili and a couple of beers.

Server:  Sure, but first I need to run your credit and check your employment status.

Not everybody who is unemployed collects unemployment, but I'm guessing the story is actually about buying tickets when your income is less than your expenses. In that case, it's pretty simple. The chances that you will lose are  far more than the chances that you'll win anything of consequence, so the reasonable assumption is that you're throwing your money away, and if your income is less than your expenses you can't afford to throw money away. I don't expect everyone who's in financial difficulty to live on rice and beans, but anyone responsible will make reasonable efforts to cut their expenses.

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Posted: March 3, 2009, 10:37 am - IP Logged

I have had a car wreck,  I was in a boat that turned over in the water, I have been bitten by a cat & dog, I had a motorcycle wreck my father is a pilot and we had a engine go out on the plane sooooooooooooo my point being ,it is time I had some luck and win BIG hehehehehehe thats why I play!!!!!!!!!

justxploring's avatar - villiarna
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Posted: March 3, 2009, 12:14 pm - IP Logged

Not everybody who is unemployed collects unemployment, but I'm guessing the story is actually about buying tickets when your income is less than your expenses. In that case, it's pretty simple. The chances that you will lose are  far more than the chances that you'll win anything of consequence, so the reasonable assumption is that you're throwing your money away, and if your income is less than your expenses you can't afford to throw money away. I don't expect everyone who's in financial difficulty to live on rice and beans, but anyone responsible will make reasonable efforts to cut their expenses.

I agree with you.  I was looking at the topic from a different angle.  Once we had a controversial thread about people who get welfare or food stamps.  In that case, perhaps we should assume the recipient is needy and probably shouldn't purchase lottery tickets.   Feeding your children comes first.  However, if a person has a favorite set of numbers and spends a dollar every week for the chance to win a big jackpot, I don't really think we have the right to judge him.   As I said, I do agree that blowing money one needs for essentials is foolish & irresponsible. However, my point was that we "can't afford to throw money away" on a lot of stuff, employed or not.  That's one reason there's so much credit card debt in this country.

mjwinsmith's avatar - moon
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Posted: March 3, 2009, 12:27 pm - IP Logged

A few bucks on a lottery ticket is well worth the "investment", not unlike the billions we are flushing down the toilet to bail out the Banks and Investments houses that created all the crap in the first place. At least I have a say so in spending, and losing money on the lottery. But hey, you never know, I just might win the big one. Check back here later on tonight to see if I won :)

maringoman's avatar - CelticsLogo History
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Posted: March 3, 2009, 3:38 pm - IP Logged

> I remember reading a story a few years ago about a man who only had a few dollars left to his name

I know it happened in NY.  

He bought 1 ticket during a break. As I remember he won $150 Mil.

His wife divorced him..

MarkP

MarkP

"Randy Fletcher’' of Indiana hit $1M 2 days after his divorce was finalized. Can you believe that? 2 days! Ain't that something.

Copy + paste "Randy Fletcher had just won the $1 million jackpot" on google search for the full story.

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Posted: March 3, 2009, 7:24 pm - IP Logged

Arrrrgh! Again they do the same thing - give the odds of winning the jackpot vs. flesh-eating bacteria etc. based on buying ONE ticket ever, and based on pure chance. Not factoring that most players buy 5 or more and play regularly. I've beaten "odds" of 1/2 million to 1 and 13,000 to 1 but the odds were only on that day on one particular line on the ticket.

I would recommend for someone unemployed who wants to play but shouldn't, offer numbers to other people (friends/relatives) in return they will help you if they win with your numbers, or only play 1 ticket per major drawing (where a win would replace your income for a long time) using an extremely good algorithm, no QP. $2 per week is not much and keeps you "in the running" at least.

ohiopick3's avatar - shamrocker
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Posted: March 3, 2009, 9:18 pm - IP Logged

It's each individuals money to spend. Spend it as you wish. You never know?

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Posted: March 4, 2009, 2:31 am - IP Logged

Heck, we waste enough money on everyday crap we don't need, why not the lottery.  I hit every so often with the most being $400. on a boxed number.  So the investment ($.50) was well worth it for me.  Just three days agos (Sun), I hit for $40., so again it was money that I didn't have.  If a dollar and a dream is all folks have to remotely come close to a win, let them have that.  Somebody's going to get it.  Why not one of us...Star

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Posted: March 4, 2009, 5:15 am - IP Logged

I just found out that...

One ticket matched all six numbers in the March 3 Mega Millions drawing.  That ticket, which was purchased in Ocean County, New Jersey, wins the estimated $212 million jackpot!

Damn... Now I'm going have to look up some cousins in that area (LOL)!Thud

 
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