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Is 50 Million Dollars Not Enough??

Topic closed. 41 replies. Last post 3 years ago by markp1950.

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Orlando, FL
United States
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August 28, 2011
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Posted: February 19, 2012, 7:58 am - IP Logged

IMO, there weren't that many people playing PB for last night's PB drawing.

I'd be happy to get my bills paid at any  Jackpot.

I bought 1 QP and lost.

So, is 50 million Dollars not enough? Thud

    hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

    United States
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    May 21, 2007
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    Posted: February 19, 2012, 8:02 am - IP Logged

    IMO, there weren't that many people playing PB for last night's PB drawing.

    I'd be happy to get my bills paid at any  Jackpot.

    I bought 1 QP and lost.

    So, is 50 million Dollars not enough? Thud

    Twitch dunno about the rest of you ....... but I'd be very content with a 2nd tier prize without the multiplier


      United States
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      Posted: February 19, 2012, 10:19 am - IP Logged

      IMO, there weren't that many people playing PB for last night's PB drawing.

      I'd be happy to get my bills paid at any  Jackpot.

      I bought 1 QP and lost.

      So, is 50 million Dollars not enough? Thud

      On the heels of a near record $364 Million jackpot, probably won by just one person, the wind was sucked out of many people's sails.   Thud

       

      I think it will take another 4-6 drawings to pick up the pace again. At $2 a ticket, there were many lotto wannabee's that slapped down hundreds to have a shot at their dreams. Takes time to get over that post lottery depression.   Crying

       

      $50 Million is still a STAGGERING amount of cash!!! I will always play regardless of the size.    Banana

        Guru101's avatar - rw6jhh
        Indiana
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        Posted: February 19, 2012, 11:48 am - IP Logged

        I didn't play because they doubled the price of a ticket, but the odds only went from 1 in 195 million to 1 in 175 million. Better odds my ass.

        Gonna win.Big Smile

          rdgrnr's avatar - walt
          -Ridge Runner- Oracle of the Appalachians
          Way back up in them dadgum hills, son!
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          Posted: February 19, 2012, 11:50 am - IP Logged

          It don't make me no nevermind how much the Jackpot is or how many people are playing.

          I pays my money and takes my chances.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                      --Edmund Burke

           

           

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            NEW YORK
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            Posted: February 19, 2012, 1:59 pm - IP Logged

            IMO, there weren't that many people playing PB for last night's PB drawing.

            I'd be happy to get my bills paid at any  Jackpot.

            I bought 1 QP and lost.

            So, is 50 million Dollars not enough? Thud

            It take 6 rolls of $10 millions for powerball to reach $100 millions annuity. That is when the heavy hitters start spending big money on the powerball. I hold on to my $2 until $100 millions annuity, I want to win a really life changing jackpot and anything above $100 millions annuity offer me that.

            We will have a lottery game with a $100 millions starting jackpot soon, if players continue to play powerball heavily every time it reaches $100 millions annuity.

              New York's avatar - 103h4yr
              NYC
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              Posted: February 19, 2012, 2:03 pm - IP Logged

              Honestly, I'll be fine with $10,000. I don't understand why people like to lose their money when they Jackpots are so high, making someone else rich.

              I play the jackpot when the jackpot starts at $20 million. Doesn't matter one bit.

              Less players play at these amounts, so the odds are sort of in my favor. Thumbs Up

               

              And to answer the question, $50 mill. is enough in my book. 

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                NEW YORK
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                Posted: February 19, 2012, 2:11 pm - IP Logged

                Honestly, I'll be fine with $10,000. I don't understand why people like to lose their money when they Jackpots are so high, making someone else rich.

                I play the jackpot when the jackpot starts at $20 million. Doesn't matter one bit.

                Less players play at these amounts, so the odds are sort of in my favor. Thumbs Up

                 

                And to answer the question, $50 mill. is enough in my book. 

                Players that buy powerball tickets below $100 millions annuity contribute more to lottery sales.when you spend $2 on powerball above $100 millions annuity your risk is lower because the odds of winning are 1 in 175 millions.

                There is less combinations to be played above the $100 millions level to have a jackpot winner.

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                  NEW YORK
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                  Posted: February 19, 2012, 2:19 pm - IP Logged

                  Honestly, I'll be fine with $10,000. I don't understand why people like to lose their money when they Jackpots are so high, making someone else rich.

                  I play the jackpot when the jackpot starts at $20 million. Doesn't matter one bit.

                  Less players play at these amounts, so the odds are sort of in my favor. Thumbs Up

                   

                  And to answer the question, $50 mill. is enough in my book. 

                  How can your odds of winning be better if the playership is very low at lower jackpot levels than at $100 millions level.Your chances of winning are better at jackpot levels above $100 millions because there is more combinations in play or higher playership.


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                    Posted: February 19, 2012, 3:07 pm - IP Logged

                    Players that buy powerball tickets below $100 millions annuity contribute more to lottery sales.when you spend $2 on powerball above $100 millions annuity your risk is lower because the odds of winning are 1 in 175 millions.

                    There is less combinations to be played above the $100 millions level to have a jackpot winner.

                    Must respectfully disagree with this premiss. The odds are always going to be 1:175 Million PERIOD. Whether 10 BILLION people play or 1 individual plays, those odds will not change.

                     

                    Of course the more people playing, the more likely one of those combinations will come up, but will still remain at the  odds of 1:175 Million.

                     

                    There may be more multiple winners as well, when more people are playing. The odds remain the same.

                      Uff Da!'s avatar - InCelebration 001.jpg
                      Washington State
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                      Posted: February 19, 2012, 3:31 pm - IP Logged

                      No, $50 million is not enough.  Though I'd be happy with a much smaller amount, I'll put my money where the best odds are per dollar spent in relation to the jackpot size.  I played the state Hit 5 for a while, until the jackpot of $730,000 was hit February 15.  With odds of  1:575,757, that seemed worth throwing a few dollars at, and at my age it would be plenty of money for me to upgrade my living style considerably with what time I have left.  But now Hit 5 is down to $100,000 again, so I think I'll throw my money at MM this week.  MM costs one buck a ticket with a cash jackpot of $52.4 million and PB is two bucks a ticket with a cash jackpot of $37.1 million. No comparison IMO of which is the better choice.  And I'm lucky enough to live in a state that now has both.

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                        NEW YORK
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                        Posted: February 19, 2012, 3:56 pm - IP Logged

                        No, $50 million is not enough.  Though I'd be happy with a much smaller amount, I'll put my money where the best odds are per dollar spent in relation to the jackpot size.  I played the state Hit 5 for a while, until the jackpot of $730,000 was hit February 15.  With odds of  1:575,757, that seemed worth throwing a few dollars at, and at my age it would be plenty of money for me to upgrade my living style considerably with what time I have left.  But now Hit 5 is down to $100,000 again, so I think I'll throw my money at MM this week.  MM costs one buck a ticket with a cash jackpot of $52.4 million and PB is two bucks a ticket with a cash jackpot of $37.1 million. No comparison IMO of which is the better choice.  And I'm lucky enough to live in a state that now has both.

                        Mega millions has the biggest cash value, therefore it is a better value for your money.

                          Boney526's avatar - NjlpLogo
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                          Posted: February 19, 2012, 4:23 pm - IP Logged

                          Why would I play for 50 million in Powerball when I can play for 60 million in MegaMillions, for half the price.  (Not that I did, b/c I only play for really big JPs... Playing every draw would put me over my budget.)

                            Boney526's avatar - NjlpLogo
                            New Jersey
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                            Posted: February 19, 2012, 4:24 pm - IP Logged

                            Mega millions has the biggest cash value, therefore it is a better value for your money.

                            Not really.  I'd rather take a bet 1 dollar bet that has 1:100 odds of winning 120 dollars than a 1 dollar bet with 1:1000 odds of winning 900 dollars.

                             

                            Of course 900 dollars is more, but the odds tell me that the first bet is way better.  The EV for the first one is 120%, while the EV on the second is 90%.

                              savagegoose's avatar - ProfilePho
                              adelaide sa
                              Australia
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                              Posted: February 19, 2012, 4:28 pm - IP Logged

                              is there ever a dumb time to win lotto?

                              what i mean is some poeple say " the smart money" waits for the jackpot. to accumulates

                              who is brave enough to call a winner of the $40M pb , when there is no jackpot dumb?

                              2014 winnings

                              JAN -$48.50;  FEB  -$77.5; MAR -$18.05;  APR -$96.05 MAY -$61.10; JUN $-85; JUL $-88.9;AUG -$144.10

                              yearly grand totalspent = 938.05won= 318.8-$619.25