Welcome Guest
Log In | Register )
The time is now 9:23 pm
You last visited November 20, 2014, 8:55 pm
All times shown are
Eastern Time (GMT-5:00)

$550 MILLION: Powerball buying frenzy sparks another jackpot increase

Topic closed. 169 replies. Last post 2 years ago by jamella724.

Page 2 of 12
55
PrintE-mailLink
ashabug725's avatar - Yavill
Indiana
United States
Member #122873
February 9, 2012
322 Posts
Offline
Posted: November 28, 2012, 2:13 pm - IP Logged

I'm curious as to by 10pm tonight, the percentage played of all possible combinations of numbers. 90%? 95%? I suppose with dupe sets of numbers, there's a small chance that nobody could hit, just as 3 people could hit.

It sure would be fun though to actually see a more than 1 Billion dollar jackpot. Since currently it jumped 100 from 325 to 425, and up to 550 since (600 by draw time?), to raise it by about 300 right from the start instead of 100, we could be looking at 1.25 Billion by Saturday night.

My guess is 625 by draw time.. a billion would be insane if it doesn't hit... Way to start December out and end the year!! Couldn't even fathom being the sole winner of that jackpot!!!

I wish I may, I wish I might...
           Win the Powerball jackpot THIS big night!!!

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    842 Posts
    Offline
    Posted: November 28, 2012, 2:30 pm - IP Logged

    Roll over baby, roll over! I want to see people blow their entire paycheck trying to win a half a billion cash value!  I will use a multi-pronged attack to win...subscription, a few QPs and OPs at store, a few of both online. Then I wouldn't check my numbers until Monday.

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

      OldSchoolPa's avatar - Lottery-057.jpg
      Gurnee, Illinois
      United States
      Member #49731
      February 12, 2007
      842 Posts
      Offline
      Posted: November 28, 2012, 2:31 pm - IP Logged

      I could!

      Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

      The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

        dk1421's avatar - Lottery-024.jpg
        North Carolina
        United States
        Member #64582
        September 1, 2008
        332 Posts
        Offline
        Posted: November 28, 2012, 2:38 pm - IP Logged

        Seriously, if it rolled to a billion, I would probably buy $100 dollars worth of tickets.

        However, I think there may be up to 3 winners tonight.

        I thought maybe I have spent $20 on this one, but I think I may have to buy another 10 picks, so another $20.

        Yeah, I think I could handle winning.   :-D

        "Don't be a schmuck, always take the cash." -Coin Toss

          Avatar
          New Member
          Lake Katrine, NY
          United States
          Member #135437
          November 25, 2012
          38 Posts
          Offline
          Posted: November 28, 2012, 2:42 pm - IP Logged

          My guess is 625 by draw time.. a billion would be insane if it doesn't hit... Way to start December out and end the year!! Couldn't even fathom being the sole winner of that jackpot!!!

          It's mind boggling to think that if nobody wins tonight, then in just 3 days from now, the cash payout after taxes will basically be as much as the just about half Billion advertised jackpot is right now.

            Cletu$2's avatar - Lottery-050.jpg
            S.E.Iowa
            United States
            Member #120509
            December 21, 2011
            534 Posts
            Offline
            Posted: November 28, 2012, 2:45 pm - IP Logged

            It only takes one ticket to win.And thats all I bought.

            When I was a boy I was told that anybody could become President; I'm beginning to believe it. ~Clarence Darrow

            There ought to be one day - just one - when there is open season on senators. ~Will Rogers

              Avatar
              New Member
              Lake Katrine, NY
              United States
              Member #135437
              November 25, 2012
              38 Posts
              Offline
              Posted: November 28, 2012, 2:49 pm - IP Logged

              Seriously, if it rolled to a billion, I would probably buy $100 dollars worth of tickets.

              However, I think there may be up to 3 winners tonight.

              I thought maybe I have spent $20 on this one, but I think I may have to buy another 10 picks, so another $20.

              Yeah, I think I could handle winning.   :-D

              I won $3 on my single $1 mega millions ticket last night (1 numbers plus mega ball), so the only $2 powerball ticket I bought at the same time, was essentially free.

              I'm a believer in 1 set of numbers, leave it up to fate. Even if you have 175,000 sets of numbers, that only covers 1/10th of 1% of the 175 million combinations of numbers. Back in March, an NBA player bought 10,000 mega millions tickets, but he didn't win the jackpot.

                Avatar
                New Member
                Lake Katrine, NY
                United States
                Member #135437
                November 25, 2012
                38 Posts
                Offline
                Posted: November 28, 2012, 2:51 pm - IP Logged

                It only takes one ticket to win.And thats all I bought.

                Cheers

                  Original Bey's avatar - Lottery-022.jpg

                  Bahamas
                  Member #133467
                  September 30, 2012
                  5462 Posts
                  Offline
                  Posted: November 28, 2012, 3:00 pm - IP Logged

                  The occasional player jumping in on a big jackpot would be expected to spend his mortgage chasing a dream.

                   

                  The experienced player knows that the major part of his investment should come from refining his strategy to select the right numbers to build the best combinations.

                   

                  Laziness leads to waste. It may seem convenient to walk into a store and demand a specific number of QPs and be done with it, but at the end of the day I will be able to pay my bills, will he?

                  "Everything works  ONCE!"

                    dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                    Oklahoma
                    United States
                    Member #82391
                    November 12, 2009
                    5472 Posts
                    Offline
                    Posted: November 28, 2012, 3:15 pm - IP Logged

                    "UPDATE: Will roll to $900 million if nobody wins tonight".......Thud

                    I Love Pink & Green 1908

                      Avatar
                      NY
                      United States
                      Member #23835
                      October 16, 2005
                      2863 Posts
                      Offline
                      Posted: November 28, 2012, 3:19 pm - IP Logged

                      I'm curious as to by 10pm tonight, the percentage played of all possible combinations of numbers. 90%? 95%? I suppose with dupe sets of numbers, there's a small chance that nobody could hit, just as 3 people could hit.

                      It sure would be fun though to actually see a more than 1 Billion dollar jackpot. Since currently it jumped 100 from 325 to 425, and up to 550 since (600 by draw time?), to raise it by about 300 right from the start instead of 100, we could be looking at 1.25 Billion by Saturday night.

                      With current interest rates the cash value is about 65% of the advertised annuity. About 64 cents of each ticket goes to the jackpot. That means that the increase in the advertised jackpot is pretty close to the number of tickets they expect to sell, so the $225 million increase from the last drawing means they're confident that they'll sell 225 million tickets. If it climbs to 600 by tonight  it would mean sales are closer to 275 million tickets.

                      Here are some rough estimates of what percentage of combinations are used at given sales levels:
                      225 million tickets   about 77%
                      250 million tickets   about 82%
                      275 million tickets   about 84%
                      300 million tickets   about 86%

                      Selling 90% of combinations would probably take an absolute minimum of 350 million tickets. Figure 95% is somewhere north of 450 million.

                      That's a rough approximation based on probability and some assumptions about additional duplicates based on people choosing non-random combinations. That means there's about a 20 to 15% chance of a rollover, depending on how high sales go and what numbers are drawn.  Lots of high numbers are more likely to result in a rollover, while all birthday numbers will almost certainly result in at least one winner, and probably more.

                      Personally I prefer MM and  part of me wants to see them keep the record, but it would certainly be wild to see a real jackpot pass the half billion dollar mark.  People get irrational, but I'm not convinced that a rollover will take the advertised jackpot to a billion, since it's possible that we're close to the saturation point. Depending on where it finishes, reaching abillion would require selling 30 to 40% more tickets than get sold for this drawing. OTOH, even if some people burn out and don't play again if it rolls the advertised jackpot only needs to reach $764 million for the cash prize to reach half a billion.

                        Avatar
                        New Member
                        Lake Katrine, NY
                        United States
                        Member #135437
                        November 25, 2012
                        38 Posts
                        Offline
                        Posted: November 28, 2012, 3:24 pm - IP Logged

                        Thanks KY Floyd.  Thumbs Up


                          United States
                          Member #116272
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: November 28, 2012, 3:25 pm - IP Logged

                          Cheers

                                 Cheers


                            United States
                            Member #116272
                            September 7, 2011
                            20244 Posts
                            Offline
                            Posted: November 28, 2012, 3:39 pm - IP Logged

                            I bought two more "Donald's" for good measure.....

                              Avatar
                              New Member
                              Sweetwater, TN
                              United States
                              Member #125547
                              March 29, 2012
                              2 Posts
                              Offline
                              Posted: November 28, 2012, 3:40 pm - IP Logged

                              Its something that only 5 white balls and 1 red powerball is all it takes, when the other 54 white balls and 38 red powerballs are worthless. With the odds around 175 million to one. I think using stategy will greatly reduce those odds by tens of millions. By using statistics and previos results from the past 26 drawings for picking numbers would really increase your chances.

                                 
                                Page 2 of 12