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$400 MILLION: Powerball jackpot surges on rollover

Topic closed. 85 replies. Last post 11 months ago by MaximumMillions.

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Zeta Reticuli Star System
United States
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January 17, 2006
10351 Posts
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Posted: January 3, 2016, 1:34 pm - IP Logged

OK.. Here comes the lottery  fever... With the new odds { 1 in 294million} lets see how many more times it's going to roll..PartyUS FlagParty

The odds of 1 in 292,201,338 are bad enough, please don't make them even worse.

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.

    fwlawrence's avatar - Yavill
    Austin
    United States
    Member #9378
    December 6, 2004
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    Posted: January 3, 2016, 1:34 pm - IP Logged

    I Agree! Can you imagine yourself with over $100,000,000.00 spending money? 

     May God Bless the winner or winners.Party

    Yes, I'm doing that right now.

      weshar75's avatar - Lottery-042.jpg
      Mcminnville, Oregon
      United States
      Member #3013
      December 13, 2003
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      Posted: January 3, 2016, 1:35 pm - IP Logged

      I would settle for a cool million dollars myself that would put me sweet in the money.-weshar75

      US Flag

        LottoMetro's avatar - Lottery-024.jpg
        Happyland
        United States
        Member #146344
        September 1, 2013
        1129 Posts
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        Posted: January 3, 2016, 1:36 pm - IP Logged

        I would like to see it punch through $500 million and if it goes on to 1 billion that would be perfect.

         

        A blind man can feel an elephant but, he still doesn't know what it is.

        They need to sell about 615 million more tickets ($1.23 billion sales) to reach a billion from the current pool

        I am thinking the progression will go $450M, $600M, $800M, $1B if it can continue. The $1B mark will be at least the 96th percentile, which means on average we can expect a winner prior to or in this drawing 96% of the time. The 99th percentile would bring a jackpot of $1.5B

        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

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          Albuquerque
          United States
          Member #128941
          June 5, 2012
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          Posted: January 3, 2016, 2:21 pm - IP Logged

          Is this how I calculate the odds that a winning ticket will be sold?

           

          (1/292,201,338)x(# of tickets sold)

          Example

          (0.00000000342466)x(100,000,000)=.34 or 34%

            LottoMetro's avatar - Lottery-024.jpg
            Happyland
            United States
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            September 1, 2013
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            Posted: January 3, 2016, 2:33 pm - IP Logged

            Is this how I calculate the odds that a winning ticket will be sold?

             

            (1/292,201,338)x(# of tickets sold)

            Example

            (0.00000000342466)x(100,000,000)=.34 or 34%

            1 - e^-(tickets/combinations)

            100000000/292201338 = 0.342229781

            e = 2.718281828459...

            see  https://en.wikipedia.org/wiki/E_(mathematical_constant)

            1- e^(-0.342229781) = 0.2898150013

            28.98% chance of winner(s)

            This is how MUSL calculates. Simply multiplying odds by tickets gives an approximation but does not factor in duplicate tickets

            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

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              Albuquerque
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              June 5, 2012
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              Posted: January 3, 2016, 2:45 pm - IP Logged

              1 - e^-(tickets/combinations)

              100000000/292201338 = 0.342229781

              e = 2.718281828459...

              see  https://en.wikipedia.org/wiki/E_(mathematical_constant)

              1- e^(-0.342229781) = 0.2898150013

              28.98% chance of winner(s)

              This is how MUSL calculates. Simply multiplying odds by tickets gives an approximation but does not factor in duplicate tickets

              Thanks!

                travelintrucker's avatar - morph
                Greenville, SC
                United States
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                November 4, 2015
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                Posted: January 3, 2016, 2:50 pm - IP Logged

                It's going to a billion!

                May the balls bounce in your favor!

                  charmed7's avatar - Lottery-013.jpg
                  MICHIGAN
                  United States
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                  September 22, 2008
                  1992 Posts
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                  Posted: January 3, 2016, 2:50 pm - IP Logged
                  • Me tooWink

                  LIVE the LIFE you LOVE......LOVE the LIFE you LIVE

                  Bob MarleyCheers

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                    md
                    United States
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                    April 20, 2005
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                    Posted: January 3, 2016, 4:08 pm - IP Logged

                    I not only dream of winning this like others.  I also have a plan in place waiting to activate it! 

                    "If you don't design your own life plan, chances are you will fall into someone else's plan. And guess what they have planned for you?  NOTHING!" Jim Rohn

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                      Florida
                      United States
                      Member #171219
                      January 3, 2016
                      97 Posts
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                      Posted: January 3, 2016, 4:30 pm - IP Logged

                      What a great time to slip out the back door, unnoticed, with that $88 Million cash MM jackpot!

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                        Simpsonville
                        United States
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                        January 22, 2015
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                        Posted: January 3, 2016, 4:43 pm - IP Logged

                        What a great time to slip out the back door, unnoticed, with that $88 Million cash MM jackpot!

                        That's a good one.  Welcome to Lottery Post.

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                          Nutley, New Jersey
                          United States
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                          August 1, 2012
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                          Posted: January 3, 2016, 5:01 pm - IP Logged

                          Okay. I'm in. $400 mil come to daddy.

                          .

                            BBLL's avatar - audi r8-wallpaper-bla
                            Chicago
                            United States
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                            February 7, 2012
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                            Posted: January 3, 2016, 5:18 pm - IP Logged

                            Win and disappear

                              golfer1960's avatar - Lottery-003.jpg
                              Eatontown, NJ
                              United States
                              Member #119670
                              November 29, 2011
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                              Posted: January 3, 2016, 5:22 pm - IP Logged

                              $400M? That's Beautiful!!

                              Jarmila Gajdosova professional tennis player.