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$290 MILLION: Mega Millions lottery rocket-ride

Topic closed. 69 replies. Last post 6 years ago by rcbbuckeye.

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United States
Member #97729
September 22, 2010
321 Posts
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Posted: January 1, 2011, 9:22 am - IP Logged

I have absolutely no idea why I haven't won the jackpot yet. After all, I did spend $33 last year on Powerball, Mega Millions and Win For Life, altogether. I probably spent 5 to 10 times as much an Cash 3 and Fantasy 5 mainly due to their superior odds. I realize that while winning either of those will not necessarily change my lifestyle forever, and that I would still most likely need to work. Maybe I will be a sucker like thousands of others and buy 20 tickets or so. I spend the most on instant games, but I am starting to develop renewed interest in online games.

Does anyone know of any reliable and trustworthy pools in the Marietta, GA area? Or the north metro Atlanta area for that matter? I am the only one who plays in my family that I know of (my father in law suggested he might like to participate, and when I asked how much he wanted to spend, he said $1. I laughed at that one). Is there anything about pools here on LP? This site has so much wonderful information that I have not made my way around it completely.

I am thinking that if I could find a group of say 10-12 folks willing to spend $25 or so each, then we would have much better odds. In such a situation, we could purchase a full wheel of 252 tickets with a 5/5 guarantee on 10 numbers. On the other hand we could get an abbreviated wheel with say 273 tickets with a 4/5 guarantee and 16 numbers. How about 271 tickets with a 3/5 guarantee and 30 numbers. Finally, we could say 204 random tickets, or special numbers, or whatever. If we did all of those, we would have $1,000 worth of tickets, so if you were to spend $25 each, you would need 40 people. Or with 40 people, you could wheel 45 numbers on 1007 tickets, but it too would only have a 3/5 guarantee.

You may or may not win, but I bet you would at least have enough lower tier winners to make some money, even if not a top prize. Assuming that there were 40 players, and if there were 2 winners of 4 balls with a megaplier of 5x, everyone would make their money back, plus however many 3 ball winners there were. Let's say that 40 people had to share the jackpot, and decided to go with the annuity (which I think is much smarter, but the group would have to vote), then each player would win 7.5 Million. After 31% combined state and federal tax is withheld, that would leave each player  just a little over $5,175,000 each.

Sure that is not as sweet as the $290,000,000 which would be about 200,000,000 after taxes, but you would increase your odds by 40 times, which would of course mean that you only got 1/40 of the prize, but I like the better odds. After taxes, each player would recieve about $200,000 a year for the next 26 years. Just about anyone should be able to live quite comfortably on that income, and set aside a percentage of that for retirement. I might keep working for a while, and I would probably spend most of my first years payment on a new or nearly new truck.

I am torn between wheeling hot and cold numbers, randomly mixing hot and cold numbers, picking my own random numbers (which is a terrible idea), using random.org lotto RNG, some other online RNG such as might be on LP, or a lottery terminals quick pick. I have no idea if the lottery terminal at each store can be fine tuned or not by the owner, but it seems like I heard that somewhere. It makes sense from the store owners perspective to have as many winners as possible. This generates a retailer bonus, and probably adds to their sales by showing off the winners.

The lottery itself would probably prefer the fewest winners possible, for a number of reasons. One is because the longer a game goes without a jackpot winner, the more excitement builds. This in turn causes more people to buy who might not otherwise, and it may convince a lot of players to purchase more tickets than normal. Also with fewer winners, there is less administration, investigations and oversight. There is less likelihood of litigation. Also, on games that are not pari-mutuel, such as Cash 3, the lottery has a vested interest in having the fewest possible winners.

    dopey7719's avatar - Lottery-049.jpg
    Midlands, SC
    United States
    Member #69698
    January 14, 2009
    303 Posts
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    Posted: January 1, 2011, 10:15 am - IP Logged

    dont feel bad, i spoke to the clerk i visit all the time and he said he had a crazy day, people buying $100, $60, $40, $40, $20, worth of tickets

    Thanks myturn08, I feel a bit better.  Still sucks that I didn't even win 2bucks back but at almost 300M,  I can't help but play again!!!!

      Littleoldlady's avatar - basket
      Clarksville
      United States
      Member #487
      July 15, 2002
      17638 Posts
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      Posted: January 1, 2011, 10:38 am - IP Logged

      I spent 40 and got 40 back.  I won't play without the megaplier.

      If you know your number is going to hit, have patience and then KILL IT!

      You never know when you will get another hit.

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        Baton Rouge, LA
        United States
        Member #4602
        May 7, 2004
        699 Posts
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        Posted: January 1, 2011, 10:39 am - IP Logged

        Letit grow, letit grow, letit grow! Hyper

        I wanna see it half a billion. Happy New Year everyone, good luck!

        If it gets that high, I might have to make a 2-3 hour drive to the Texas border to play, and I doubt I'd be the only one.

        Prisoner Six

        "I am not a number, I am a free man!"

          dpoly1's avatar - driver
          PA
          United States
          Member #66141
          October 16, 2008
          1672 Posts
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          Posted: January 1, 2011, 11:23 am - IP Logged

          ............ and now ............. I gotta figure out how to spend $118,000,000 after Federal Taxes !

          I almost had it last nite ........... $2 payout on my last quickpick !

          Happy New Year to all .................

          ........... and a Happy Tuesday Nite to Me ! Big Grin

            Coin Toss's avatar - shape barbed.jpg
            Zeta Reticuli Star System
            United States
            Member #30470
            January 17, 2006
            10344 Posts
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            Posted: January 1, 2011, 11:39 am - IP Logged

            CarHauler

            "I have absolutely no idea why I haven't won the jackpot yet...."

            Here's an idea, read the odds on the back of the playslip.

            Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

            Lep

            There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

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              New Member
              Springfield Tennessee
              United States
              Member #90162
              April 23, 2010
              8 Posts
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              Posted: January 1, 2011, 12:05 pm - IP Logged

              Wow! I love lotteries that get this large...sure makes for wonderful dreams! This would be an awesome way to start the new year.

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19816 Posts
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                Posted: January 1, 2011, 12:07 pm - IP Logged

                To put my mind at ease, tell me I'm not the biggest spender here considering I put $15.00 down for this.  10 are numbers I chose and 5 were quick picks.  I didn't come close....just 2 numbers on one line. 

                Please, please, please tell me someone here spent more than me!!!!  Make me not feel so bad!!!

                At least for a short while, you will be even for the year(2011)-spent nothing/won nothing/lost nothing.

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

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                  wagoner, oklahoma
                  United States
                  Member #103280
                  January 1, 2011
                  1 Posts
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                  Posted: January 1, 2011, 12:37 pm - IP Logged

                  To put my mind at ease, tell me I'm not the biggest spender here considering I put $15.00 down for this.  10 are numbers I chose and 5 were quick picks.  I didn't come close....just 2 numbers on one line. 

                  Please, please, please tell me someone here spent more than me!!!!  Make me not feel so bad!!!

                  I chose 30 sets of numbers and with multiplier for a $60 dollar total.  Had 18 sets with winners.   14 with one number and 4 with two numbers One (with mega ball).  for $148 won on $60 bet.

                  I quit using the quick pic's since i would never win. Many, many a time buy 20 and win  none.  will see if the this was a one time lucky thing or will be a trend!

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                    Downhere, S.C.
                    United States
                    Member #35033
                    March 11, 2006
                    1956 Posts
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                    Posted: January 1, 2011, 1:35 pm - IP Logged

                    If i win it, im gunna get the transmission fixed in my 87 Chevy S-10. Its just sitting beside my shop and the neighbors are complaining. I might even get some new neighbors also. I might splurge and get new tires too.

                    US FlagPlease Pray For Our Troops And Their Families.

                      Guru101's avatar - rw6jhh
                      Indiana
                      United States
                      Member #48725
                      January 7, 2007
                      1953 Posts
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                      Posted: January 1, 2011, 2:26 pm - IP Logged

                      Wow. There was 1 ticket in Indiana that won. Nice win.

                      Gonna win.Big Smile

                        freeobama's avatar - Lottery-057.jpg
                        Sunny part of town
                        United States
                        Member #102877
                        December 27, 2010
                        224 Posts
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                        Posted: January 1, 2011, 3:06 pm - IP Logged

                        dopey7719 i spent $100 on the drawing and i did not even get the mega ball!Bang Head

                          RJOh's avatar - chipmunk
                          mid-Ohio
                          United States
                          Member #9
                          March 24, 2001
                          19816 Posts
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                          Posted: January 1, 2011, 3:16 pm - IP Logged

                          dopey7719 i spent $100 on the drawing and i did not even get the mega ball!Bang Head

                          What system did you use to do 2½ times worse than the overall odds of winning any prize? 

                          Was it the same one that you claimed to have spent $100 every drawing for the past 5 years and hadn't won a dime?
                          http://www.lotterypost.com/news/225278

                           * you don't need to buy more tickets, just buy a winning ticket * 
                             
                                       Evil Looking       

                            freeobama's avatar - Lottery-057.jpg
                            Sunny part of town
                            United States
                            Member #102877
                            December 27, 2010
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                            Posted: January 1, 2011, 3:38 pm - IP Logged

                            RJOh i spent $11 on my own numbers and $89 on quick picks this last drawing. Normally  i spend $1 on my own set of numbers and $99 on QP. I am going to trim it down to $30 a drawing!!Puke

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                              United States
                              Member #26330
                              November 16, 2005
                              330 Posts
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                              Posted: January 1, 2011, 3:57 pm - IP Logged

                              WOW!  The jackpot is soaring....I think I will eat an extra helping of Greens today for Good luck with money in the New Year!!   C'mon $290 Million...........  Oh the things I will do in 2011 with that kind of money.....   I bought $5 worth today...and may play another $5 of QP's before the drawing......  Boy I would have a great time going to work on WED. and clearing out my cubicle then telling the boss I'm off PERMANANTLY for VACATION!!Sun Smiley