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Play The Lottery Someday- It Is Okay To Dream!

Topic closed. 15 replies. Last post 5 months ago by Jon D.

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NEW YORK
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Posted: April 8, 2014, 6:32 pm - IP Logged

Playing 365 lottery tickets in 1 lottery drawing is better than buying 1 lottery ticket everyday for 365 days.

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    Marana AZ
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    Posted: April 8, 2014, 6:36 pm - IP Logged

    Yes. But buying 1 winning ticket is better than buying 365 losers.

      rdgrnr's avatar - walt
      -Ridge Runner- Oracle of the Appalachians
      Way back up in them dadgum hills, son!
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      Posted: April 8, 2014, 9:55 pm - IP Logged

      Playing 365 lottery tickets in 1 lottery drawing is better than buying 1 lottery ticket everyday for 365 days.

      You are going to win the Powerball Jackpot someday.

      And share it with a backwoods hillbilly.

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        NEW YORK
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        Posted: April 9, 2014, 8:32 am - IP Logged

        You are going to win the Powerball Jackpot someday.

        And share it with a backwoods hillbilly.



        WOODY WOODPECKER DOES NOT PLAY THE LOTTERY WITH ME.LOL

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          NEW YORK
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          Posted: April 9, 2014, 3:25 pm - IP Logged

          You are going to win the Powerball Jackpot someday.

          And share it with a backwoods hillbilly.

          I DO NOT PLAY THE LOTTERY. 

          I DID NOT PLAY THE LOTTERY TODAY. 

          HOW TO WIN THE LOTTERY BY NOT PLAYING=SAVE YOUR MONEY TO PLAY THE LOTTERY SOMEDAY. 


          OUR REGULAR LOTTERY PROGRAMMING. 

          1) Playing the lottery more often for less tickets= Buying 1 lottery ticket. 

          2) Playing the lottery less often for more tickets= Buying multiple lottery tickets. 

          3) Playing the lottery less often for less tickets= Buying 1 lottery ticket monthly or yearly. 

          4) Playing the lottery more often for more tickets= Spending more money= Gambling addiction. 

          I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY LOSSES. 

          A lottery stop loss limit is very important to be a successful lottery player over the long term.

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            NEW YORK
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            Posted: April 16, 2014, 10:12 am - IP Logged

            Yes. But buying 1 winning ticket is better than buying 365 losers.

            YOU ARE A RISK AVERSE LOTTERY PLAYER.

              LottoMetro's avatar - Lottery-024.jpg
              Happyland
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              Posted: April 16, 2014, 3:49 pm - IP Logged

              DO NOT PLAY THE LOTTERY UNLESS YOU ARE A MILLIONAIRE

              I will play Mega Millions after I win the Mega Millions jackpot....lol

              MM ROR

              *Assumes continuous play with independent bets of 1 unit for gross cash jackpot of $1 billion (RoR calculation includes fixed prizes).

              In real-life it would be difficult to go broke while playing (unless you have no income), especially since play is non-continuous. But it is possible.

              If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

              If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

              2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)

                Jon D's avatar - calotterylogo
                Los Angeles, California
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                Posted: April 16, 2014, 4:32 pm - IP Logged

                DO NOT PLAY THE LOTTERY UNLESS YOU ARE A MILLIONAIRE

                I will play Mega Millions after I win the Mega Millions jackpot....lol

                MM ROR

                *Assumes continuous play with independent bets of 1 unit for gross cash jackpot of $1 billion (RoR calculation includes fixed prizes).

                In real-life it would be difficult to go broke while playing (unless you have no income), especially since play is non-continuous. But it is possible.

                Doesn't make any sense, more useless garbage. Thumbs Down

                  LottoMetro's avatar - Lottery-024.jpg
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                  Posted: April 16, 2014, 4:48 pm - IP Logged

                  The post above is a GREAT example of using unsound deductive arguments:

                  • Premise 1: In order for something to be useful, it must make sense to me. 
                  • Premise 2: This doesn't make sense to me. 
                  • Conclusion: This is not useful; it is garbage.

                  At the very least, an individual who disagrees or cannot comprehend something should explain why or what part of it does not make sense.

                  Thumbs Up

                  If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                  If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                  2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)

                    Jon D's avatar - calotterylogo
                    Los Angeles, California
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                    Posted: April 16, 2014, 4:53 pm - IP Logged

                    The post above is a GREAT example of using unsound deductive arguments:

                    • Premise 1: In order for something to be useful, it must make sense to me. 
                    • Premise 2: This doesn't make sense to me. 
                    • Conclusion: This is not useful; it is garbage.

                    At the very least, an individual who disagrees or cannot comprehend something should explain why or what part of it does not make sense.

                    Thumbs Up

                    Oh, I'm sorry professor.

                    Need more information, let me ask a question then:

                    So if you have a million dollar bankroll, and you spend 1 dollar for every MM draw, $104 per year. So you have more than $990,000 left before you croak.(max human lifespan) So you have 99% chance of ruin?

                    Please correct as necessary and continue.

                      LottoMetro's avatar - Lottery-024.jpg
                      Happyland
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                      Posted: April 16, 2014, 5:03 pm - IP Logged

                      Oh, I'm sorry professor.

                      Need more information, let me ask a question then:

                      So if you have a million dollar bankroll, and you spend 1 dollar for every MM draw, $104 per year. So you have more than $990,000 left before you croak.(max human lifespan) So you have 99% chance of ruin?

                      Please correct as necessary and continue.

                      As stated in my original post w/chart, the risk of ruin assumes continuous play. That's why in reality it is unlikely to go broke playing the lottery (except no income), because there are non-continuous drawings. For $1 bets, you will die before that ever happens. This doesn't necessarily make the RoR irrevelant, rather it's intended to show how unlikely you are to "come out ahead" (via either jackpot or fixed prizes) without going broke, even with a large bankroll. It's a good measure to compare games. You can substitute $1 bets with any higher wager and it will still be applicable.

                      If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                      If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                      2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)

                        Jon D's avatar - calotterylogo
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                        Posted: April 16, 2014, 5:19 pm - IP Logged

                        As stated in my original post w/chart, the risk of ruin assumes continuous play. That's why in reality it is unlikely to go broke playing the lottery (except no income), because there are non-continuous drawings. For $1 bets, you will die before that ever happens. This doesn't necessarily make the RoR irrevelant, rather it's intended to show how unlikely you are to "come out ahead" (via either jackpot or fixed prizes) without going broke, even with a large bankroll. It's a good measure to compare games. You can substitute $1 bets with any higher wager and it will still be applicable.

                        Thank you LottoMetro for confirming that this is in fact NOT useful for a human being in real-world MM play, as I stated. It doesn't make any sense except in your imaginary universe where a $1B JP is repeated into perpetuity, or a the subset of draws of the real universe spanning billions of years and more.

                        It's just a purely academic study, no value in the real world. Maybe it has value in the imaginary land of Happyland where you come from? Green laugh

                        BTW, do you know you are breaking forum rules by putting in a false location? And I'm sure the residents of Happyland, wherever that is, are none too happy about LottoMetro claiming residency there. LOL

                          LottoMetro's avatar - Lottery-024.jpg
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                          Posted: April 16, 2014, 5:24 pm - IP Logged

                          Thank you LottoMetro for confirming that this is in fact NOT useful for a human being in real-world MM play, as I stated. It doesn't make any sense except in your imaginary universe where a $1B JP is repeated into perpetuity, or a the subset of draws of the real universe spanning billions of years and more.

                          It's just a purely academic study, no value in the real world. Maybe it has value in the imaginary land of Happyland where you come from? Green laugh

                          BTW, do you know you are breaking forum rules by putting in a false location? And I'm sure the residents of Happyland, wherever that is, are none too happy about LottoMetro claiming residency there. LOL

                          I'm curious, what exactly would be considered "useful for a human being in real-world MM play"? Please share your wealth of this alleged knowledge.

                          The risk of ruin for non-millionaires is essentially 100%, which means you shouldn't play. People play with the hope or expectation that they will someday win the lottery, but as shown, for MM that is a waste of time because eventually they will either die or run out of money. Not all lotteries have a RoR of 100% for non-millionaires. Those are the games to play. Sounds pretty useful to me.

                          I'm not breaking any rules but, of course, I wouldn't expect someone like you to know that it is a real place. Wink

                          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                          2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)

                            Jon D's avatar - calotterylogo
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                            Posted: April 16, 2014, 5:40 pm - IP Logged

                            I'm curious, what exactly would be considered "useful for a human being in real-world MM play"? Please share your wealth of this alleged knowledge.

                            The risk of ruin for non-millionaires is essentially 100%, which means you shouldn't play. People play with the hope or expectation that they will someday win the lottery, but as shown, for MM that is a waste of time because eventually they will either die or run out of money. Not all lotteries have a RoR of 100% for non-millionaires. Those are the games to play. Sounds pretty useful to me.

                            I'm not breaking any rules but, of course, I wouldn't expect someone like you to know that it is a real place. Wink

                            I have no wealth of knowledge on playing MM, never claimed to. I just said your graph was useless garbage, and now we have confirmed that! Thumbs Up

                            Move along folks . . . nothing to see here!

                            That was just your pathetic attempt to try and impress people and draw attention to yourself, again. Why you persist, I don't know. You think you're the first mathematician to come here with some kind of God complex, believing it's your job to educate the ignorant masses on the futility of playing the lottery? (along with your snooty signature) Well, you're not the first, and I'm sure you won't be the last. But you are certainly persistent, I'll give you that.

                            But people don't play the lottery because of probabilities or EV or ROI. Many, like me, play as entertainment. Like going to a baseball game, or concert, or night on the town. You spend money, it ain't coming back. Oh, but on lottery, some of it does come back. To a lucky few, more than they spent.

                            So please get over yourself. You're not going to save everyone and have them follow you through the parted Red Sea. Move on and try to do something more useful, hmmmkay?

                              LottoMetro's avatar - Lottery-024.jpg
                              Happyland
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                              Posted: April 16, 2014, 6:08 pm - IP Logged

                              I have no wealth of knowledge on playing MM, never claimed to. I just said your graph was useless garbage, and now we have confirmed that! Thumbs Up

                              Move along folks . . . nothing to see here!

                              That was just your pathetic attempt to try and impress people and draw attention to yourself, again. Why you persist, I don't know. You think you're the first mathematician to come here with some kind of God complex, believing it's your job to educate the ignorant masses on the futility of playing the lottery? (along with your snooty signature) Well, you're not the first, and I'm sure you won't be the last. But you are certainly persistent, I'll give you that.

                              But people don't play the lottery because of probabilities or EV or ROI. Many, like me, play as entertainment. Like going to a baseball game, or concert, or night on the town. You spend money, it ain't coming back. Oh, but on lottery, some of it does come back. To a lucky few, more than they spent.

                              So please get over yourself. You're not going to save everyone and have them follow you through the parted Red Sea. Move on and try to do something more useful, hmmmkay?

                              It's obvious you get no benefit from my posts, but many other people do. You claim my posts are garbage, yet you post nothing useful in return. Hypocritical if you ask me. If you have nothing to contribute that adds or improves a conversation, you shouldn't bother responding.

                              I am well aware that most people play the lottery for entertainment, and the point of my post(s) was not to discourage playing. It's simply illustrating why you shouldn't play particular games. You can get the same amount of entertainment but have a higher chance of actually fulfilling those hopes/dreams, just by choosing better games. I've said this before, last year I did better than the year before by simply choosing different games. I still got the same fun out of playing, but I was left with more money to play again. That's basically all I'm doing here.

                              If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                              If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                              2013: -35.14% (158 tickets) || 2014: +20.00% (13 tickets)