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$HALF-BILLION! Powerball raised again on monster sales

Topic closed. 252 replies. Last post 2 years ago by Marilyn222.

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LottoMetro's avatar - Lottery-024.jpg
Happyland
United States
Member #146344
September 1, 2013
1129 Posts
Offline
Posted: February 11, 2015, 9:40 pm - IP Logged

Do you really think 1 or 104 tickets makes that big of a difference when there are 175,000,000 possible numbers? What you're saying would make sense in a raffle, but not the lottery where there is such a high number of possibilities.

Whether it's 1 line for each draw of the year or 104 lines for one draw, your chances of winning are pretty much the same. If you have $416 you want to use for research, go buy 104 lines for tonight, and then a single line ticket for tonight and for the following 103 draws. In a year, calculate your numbers and report back. And be aware, though almost literally impossible, only the 1 line ticket has the potential to win 104 jackpots or 104 second place prizes.

Mathematically it is still better to play 104 tickets in 1 drawing rather than 1 ticket in 104 drawings. After all, the goal is to win at least once, and the probability of doing so is highest with the "all-in" method. If you win once, then you could easily use those winnings to win as many more times as you can afford. Thus, the idea of 104 jackpots or whatever is unnecessary.

It doesn't matter if the difference is small, the fact is there is a difference. Most people don't have the restraint to play one draw a year. Almost everyone doesn't get entertainment out of the idea either. But it doesn't change the math. If I buy 104 tickets for a draw, I have a 1 in 1.752 million chance of winning (assuming all unique tickets). If I buy 1 ticket for a draw, I have a 1 in 175,223,510 chance of winning. And it's the same for every draw. That's math.

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

2016: -48.28% (13 tickets) ||
P&L % = Total Win($)/Total Wager($) - 1

    Technut's avatar - moon
    3rd Rock from Sun
    United States
    Member #159103
    September 13, 2014
    151 Posts
    Offline
    Posted: February 11, 2015, 9:42 pm - IP Logged

    So now anyone else care to venture a guess at the final annualized jackpot for tonite and see who gets closest without going over.

    Doing this "Price is Right" style. Just for fun. Noone can use same number as someone else. Begins from start of thread.

    Here's what we have so far based on provided estimates so far in this thread.

    winoneday =503

    Theox- =504

    romancandle =506

    sully16 =507

    Artist77 =508

    KY Floyd  =510

    Saylorgirl =511

    nina09 =512

    LottoLucy =515

    Maximumfun =517

    Technut =520

    ttech10 =522

    Arrowhead =525

    Bagent =527

    Original Bey =529

    lejardin =533

    four4me =535

    Easygoing123go =542

    dognabit =545

    ronjonson =550

    noise-gate =580

    LottoMetro =650

    I will stop taking entries at ticket cutoff time. If jackpot rolls over then the rollover number is the result. If jackpot is won then tomorrow when todd posts final jackpot amount then we will see who was closest.

    The game ends no matter if someone wins jackpot or not. SO if you think it's going to roll over then guess higher or not it's up to you. Don't go over HEHE. (c8  I will begin this game again on saturday if jackpot rolls over. anyone can guess begining on saturday for that game in the new thread created. i will gather the guesses together when i login on saturday.

    Yesterday is History, Tomorrow is a Mystery, Today is a gift that's why it's called the PRESENT! (c8

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
      Bay Area - California
      United States
      Member #136477
      December 12, 2012
      4108 Posts
      Offline
      Posted: February 11, 2015, 9:45 pm - IP Logged

      This is it..

      People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

        joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

        United States
        Member #32537
        February 12, 2006
        698 Posts
        Offline
        Posted: February 11, 2015, 9:52 pm - IP Logged

        What I would like to see is a whole lot of second prize winners like it happened in 2005 when a record 110 players matched 5+0.

        If i remb right, that was due to fortune cookies coming up and hitting 2nd place, the poor lottery folks was like wtf with all these winners.

        Then the  lottery folks kindly asked the fortune cookie makers to change there lottery numbers around more often rofl.

        The lottery has reserves built in for such fortune/lost happen chance numbers coming up so they be alright if fate kicks them again.

        -----

        I bid 501 million on the price is right contest!

        And may I suggest starting a thread on the jackpot forums if you do this contest ever again. I like the idea a lot,  it's just adding walls of text into already large thread story.

        -----

        As for the jackpot rolling over or being hit:

        No bees, no honey.

          Technut's avatar - moon
          3rd Rock from Sun
          United States
          Member #159103
          September 13, 2014
          151 Posts
          Offline
          Posted: February 11, 2015, 9:56 pm - IP Logged

          49 minutes left until cut-off for sales in some jurisdictions. Texas stops sales of PB at 9:00pm central time. (I have 5 tickets for tonite drawing already)

          our little powerball price is right will continue until official cutoff time of 10:45PM eastern time.

          ANYONE else care to add a guess to the mix tonite?

          Yesterday is History, Tomorrow is a Mystery, Today is a gift that's why it's called the PRESENT! (c8

            Drenick1's avatar - villiarna
            USA
            United States
            Member #152799
            February 25, 2014
            1092 Posts
            Offline
            Posted: February 11, 2015, 9:58 pm - IP Logged

            $514 million

              Technut's avatar - moon
              3rd Rock from Sun
              United States
              Member #159103
              September 13, 2014
              151 Posts
              Offline
              Posted: February 11, 2015, 9:59 pm - IP Logged

              So now anyone else care to venture a guess at the final annualized jackpot for tonite and see who gets closest without going over.

              Doing this "Price is Right" style. Just for fun. Noone can use same number as someone else. Begins from start of thread.

              Here's what we have so far based on provided estimates so far in this thread.

              joshuacloak =501

              winoneday =503

              Theox- =504

              romancandle =506

              sully16 =507

              Artist77 =508

              KY Floyd  =510

              Saylorgirl =511

              nina09 =512

              LottoLucy =515

              Maximumfun =517

              Technut =520

              ttech10 =522

              Arrowhead =525

              Bagent =527

              Original Bey =529

              lejardin =533

              four4me =535

              Easygoing123go =542

              dognabit =545

              ronjonson =550

              noise-gate =580

              LottoMetro =650

              I will stop taking entries at ticket cutoff time. If jackpot rolls over then the rollover number is the result. If jackpot is won then tomorrow when todd posts final jackpot amount then we will see who was closest.

              The game ends no matter if someone wins jackpot or not. SO if you think it's going to roll over then guess higher or not it's up to you. Don't go over HEHE. (c8  I will begin this game again on saturday if jackpot rolls over. anyone can guess begining on saturday for that game in the new thread created. i will gather the guesses together when i login on saturday.

              Yesterday is History, Tomorrow is a Mystery, Today is a gift that's why it's called the PRESENT! (c8

                Original Bey's avatar - Lottery-022.jpg

                Bahamas
                Member #133462
                September 30, 2012
                5946 Posts
                Offline
                Posted: February 11, 2015, 10:02 pm - IP Logged

                I'm playing Powerball, Price is Right and Maddog's challenge. Dang I hope to do well in at least one of them but with Lady Luck in rehab who knows!

                "Everything works  ONCE!"

                  Technut's avatar - moon
                  3rd Rock from Sun
                  United States
                  Member #159103
                  September 13, 2014
                  151 Posts
                  Offline
                  Posted: February 11, 2015, 10:02 pm - IP Logged

                  So now anyone else care to venture a guess at the final annualized jackpot for tonite and see who gets closest without going over.

                  Doing this "Price is Right" style. Just for fun. Noone can use same number as someone else. Begins from start of thread.

                  Here's what we have so far based on provided estimates so far in this thread.

                  joshuacloak =501

                  winoneday =503

                  Theox- =504

                  romancandle =506

                  sully16 =507

                  Artist77 =508

                  KY Floyd  =510

                  Saylorgirl =511

                  nina09 =512

                  Drenick1 =514

                  LottoLucy =515

                  Maximumfun =517

                  Technut =520

                  ttech10 =522

                  Arrowhead =525

                  Bagent =527

                  Original Bey =529

                  lejardin =533

                  four4me =535

                  Easygoing123go =542

                  dognabit =545

                  ronjonson =550

                  noise-gate =580

                  LottoMetro =650

                  I will stop taking entries at ticket cutoff time. If jackpot rolls over then the rollover number is the result. If jackpot is won then tomorrow when todd posts final jackpot amount then we will see who was closest.

                  The game ends no matter if someone wins jackpot or not. SO if you think it's going to roll over then guess higher or not it's up to you. Don't go over HEHE. (c8  I will begin this game again on saturday if jackpot rolls over. anyone can guess begining on saturday for that game in the new thread created. i will gather the guesses together when i login on saturday.

                  Yesterday is History, Tomorrow is a Mystery, Today is a gift that's why it's called the PRESENT! (c8

                    HaveABall's avatar - rocket

                    United States
                    Member #72448
                    March 18, 2009
                    1228 Posts
                    Offline
                    Posted: February 11, 2015, 10:05 pm - IP Logged

                    I think last advertized (or not advertized but ending amount) tonight will be $505M. Patriot

                    Having several millions of dollars in my financial accounts means receiving several valuable services each day!

                    Disney

                      dpoly1's avatar - driver
                      PA
                      United States
                      Member #66141
                      October 16, 2008
                      1672 Posts
                      Offline
                      Posted: February 11, 2015, 10:07 pm - IP Logged

                      $507.3 million

                      I don't always win a $500,000,000 Powerball Jackpot ................

                      But when I do, I only talk to Todd Vader!

                      Sun Smiley

                      dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                       

                      Eschew Poverty ........... Vote Conservative!

                        Technut's avatar - moon
                        3rd Rock from Sun
                        United States
                        Member #159103
                        September 13, 2014
                        151 Posts
                        Offline
                        Posted: February 11, 2015, 10:09 pm - IP Logged

                        So now anyone else care to venture a guess at the final annualized jackpot for tonite and see who gets closest without going over.

                        Doing this "Price is Right" style. Just for fun. Noone can use same number as someone else. Begins from start of thread.

                        Here's what we have so far based on provided estimates so far in this thread.

                        joshuacloak =501

                        winoneday =503

                        Theox- =504

                        HaveABall =505

                        romancandle =506

                        sully16 =507

                        Artist77 =508

                        KY Floyd  =510

                        Saylorgirl =511

                        nina09 =512

                        Drenick1 =514

                        LottoLucy =515

                        Maximumfun =517

                        Technut =520

                        ttech10 =522

                        Arrowhead =525

                        Bagent =527

                        Original Bey =529

                        lejardin =533

                        four4me =535

                        Easygoing123go =542

                        dognabit =545

                        ronjonson =550

                        noise-gate =580

                        LottoMetro =650

                        I will stop taking entries at ticket cutoff time. If jackpot rolls over then the rollover number is the result. If jackpot is won then tomorrow when todd posts final jackpot amount then we will see who was closest.

                        The game ends no matter if someone wins jackpot or not. SO if you think it's going to roll over then guess higher or not it's up to you. Don't go over HEHE. (c8  I will begin this game again on saturday if jackpot rolls over. anyone can guess begining on saturday for that game in the new thread created. i will gather the guesses together when i login on saturday.

                        Yesterday is History, Tomorrow is a Mystery, Today is a gift that's why it's called the PRESENT! (c8

                          CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                          TX
                          United States
                          Member #121193
                          January 4, 2012
                          1637 Posts
                          Offline
                          Posted: February 11, 2015, 10:09 pm - IP Logged

                          Evil SmileOh what ta heck...let it roll one more time..make a real frenzy  Red Devil
                           
                           
                          Final tally for tonight ??  509 Million

                            mightwin's avatar - questns

                            United States
                            Member #103786
                            January 5, 2011
                            486 Posts
                            Offline
                            Posted: February 11, 2015, 10:11 pm - IP Logged

                            Evil SmileOh what ta heck...let it roll one more time..make a real frenzy  Red Devil
                             
                             
                            Final tally for tonight ??  509 Million

                            I Agree!

                              ttech10's avatar - blobdude
                              Texas
                              United States
                              Member #92330
                              June 5, 2010
                              887 Posts
                              Offline
                              Posted: February 11, 2015, 10:11 pm - IP Logged

                              Mathematically it is still better to play 104 tickets in 1 drawing rather than 1 ticket in 104 drawings. After all, the goal is to win at least once, and the probability of doing so is highest with the "all-in" method. If you win once, then you could easily use those winnings to win as many more times as you can afford. Thus, the idea of 104 jackpots or whatever is unnecessary.

                              It doesn't matter if the difference is small, the fact is there is a difference. Most people don't have the restraint to play one draw a year. Almost everyone doesn't get entertainment out of the idea either. But it doesn't change the math. If I buy 104 tickets for a draw, I have a 1 in 1.752 million chance of winning (assuming all unique tickets). If I buy 1 ticket for a draw, I have a 1 in 175,223,510 chance of winning. And it's the same for every draw. That's math.

                              If you buy 1 line, you have a 99.9999994% chance of losing that draw. If you buy 104 lines, you have a 99.9999406% chance of losing that draw. So by playing 103 more lines, you have increased your chances by 0.00587999999%.

                              Like I said, the difference isn't that big.

                              I'd rather have a bad chance to win in 104 draws than having a slightly better, but still bad, chance of winning in 1 draw and zero chance of winning in 103 other draws.

                                 
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