I Am Risk Averse When It Comes To Playing The Lottery. How About You?

Reply #12

THRIFTY — Thu, 18 Apr 2013 18:05:50 GMT

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

Reply #11

THRIFTY — Thu, 18 Apr 2013 17:48:02 GMT

HOW EVOLUTION FORCES US TO TAKE RISKS TO SURVIVE.

You can just quit, but I wouldn't bet on it.

You're right, they are way ahead of you on the lines, the lines are strategically based to guarantee the bookies a profit on the vig. Even before there were computers, they had it worked out as to how to balance the books to guarantee a profit, there's just too much of a margin. Also you aren't disciplined enough, even if you knew the exact probabilities you can over bet and run expectation... [ More ]

Reply #10

THRIFTY — Thu, 18 Apr 2013 17:43:03 GMT

THE LOTTERY AND THE STOCK MARKET ARE ZERO-SUM GAMES.

The lottery example:

A lottery is a Zero-sum game . What one group of participants gains in cash, the other group of participants must lose. If we made a list of all the participants in a lottery, it might include:

1) Federal Government (Lottery winnings are taxable)

2) State Governments (Again lottery winnings are taxable)

3) State Governments (Direct share of lottery ticket sales)

4) Merchants that sell tickets (Pa... [ More ]

Reply #9

RJOh — Thu, 18 Apr 2013 16:37:45 GMT

The fact that some players never see it again doesn't mean it's lost, some of it goes to the winners.

Reply #8

rdgrnr — Thu, 18 Apr 2013 16:36:04 GMT

WTG, sully.

Been there, done that, my ownself too.

Weren't easy neither.

Reply #7

rdgrnr — Thu, 18 Apr 2013 16:32:22 GMT

What about John W

Reply #6

sully16 — Thu, 18 Apr 2013 14:56:27 GMT

I am recovering from nicotine addiction, playing the lottery helps, I don't have money for those nasty , terrible, smelly cigarettes. Lottery has saved my lungs.

Reply #5

THRIFTY — Thu, 18 Apr 2013 03:59:39 GMT

We are lighting money on fire by playing the lottery. LOL

Reply #4

noise-gate — Thu, 18 Apr 2013 00:25:33 GMT

I'm friends with the guy who steps into the bar and says All rounds are on me till closing time

* Thrifty - its been said that when Bob Marley exited the plane in Zimbabwe on being invited to their Independence Celebration: he lit a joint.

Reply #3

Ronnie316 — Thu, 18 Apr 2013 00:15:32 GMT

Jack D. and Bill W. are NOT friends.

Reply #2

rdgrnr — Thu, 18 Apr 2013 00:14:34 GMT

I'm a friend of Jack D.

Reply #1

Ronnie316 — Thu, 18 Apr 2013 00:09:56 GMT

I'm a friend of John W.

I Am Risk Averse When It Comes To Playing The Lottery. How About You?

THRIFTY — Wed, 17 Apr 2013 23:05:02 GMT

I AM RISK AVERSE WHEN IT COMES TO PLAYING THE LOTTERY.

OUR REGULAR LOTTERY PROGRAMMING.

1) Playing the lottery more often for less lines= Playing a single line.

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

3) Playing the lottery less often for less lines= Playing a single line monthly or yearly.

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

I SET A LOTTERY STOP LOSS LIMIT TO MINIMIZE MY