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Buying all tickets

Topic closed. 11 replies. Last post 11 years ago by Badger.

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London
United Kingdom
Member #31753
February 3, 2006
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Posted: February 3, 2006, 7:44 am - IP Logged

Can someone help:

With the euro millions lottery tonight standing at about 170 million dollars, and the probability of winning being one in 76 million, is the only thing holding someone back from buying every ticket (at a cost of aboout $2.3 /ticket) the risk that the jackpot might be shared out amongs many?

 

What is going on?

 

How come no one or a syndicate has not gone in for the kill yet?

 

Many thanks

 

Nic

 

 

    whitmansm2's avatar - Lottery-029.jpg
    Right here...can't you see me?
    United States
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    September 10, 2005
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    Posted: February 3, 2006, 8:21 am - IP Logged

    $76 million holding them back? If it eases your mind some, let me borrow $76 mil and I'll pay you back!
    lol
    (sorry no better help than that)

    No No

    Don't cry over spilled milk.  Go milk another cow!!

    Stephanie

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      Poway CA (San Diego County)
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      January 25, 2004
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      Posted: February 3, 2006, 8:33 am - IP Logged

      Can someone help:

      With the euro millions lottery tonight standing at about 170 million dollars, and the probability of winning being one in 76 million, is the only thing holding someone back from buying every ticket (at a cost of aboout $2.3 /ticket) the risk that the jackpot might be shared out amongs many?

       

      What is going on?

       

      How come no one or a syndicate has not gone in for the kill yet?

       

      Many thanks

       

      Nic

       

       

      The possibility of having to share and thus loose money is part of it.  One of the biggest problems with buying all the tickets is the time involved.  How long would it take you (over even a group of people) to buy 76 million tickets? 

      This type of thing was done a few times here in California.  That was when the odds of winning were 14 million to one.  A man had a group of people that purchased tickets at convenience stores.  He won a few times.  Once there was a problem and he missed buying almost 10% of the tickets (I think that is the correct amount), but it turned out the winning ticket was not one he missed!!  Now the odds in California are 41 million to 1 and buying 41 million tickets is out of the question.

       

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        London
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        Posted: February 3, 2006, 8:38 am - IP Logged

        Right - is this the reason that a "cap" is put on the jackpot and the maxiumum number of rollovers as just introduced by the adminstrators of euro millions?

         

         

          Badger's avatar - adu50016 NorthAmericanBadger.jpg
          Wisconsin
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          Posted: February 3, 2006, 7:43 pm - IP Logged

          I agree with CalifDude. Even if you got a syndicate together, how big (how many people) would it have to be to fork up 76 million Euros?

          Then you win. How long would it take to look through 76 million Euros worth of tickets? That would obviously depend upon how many hands (people) were in the syndicate. Because one person isn't going to be able to get it done.  And the more people involved, the more the jackpot is cut-up among them.

          It could be a logistical nightmare !

          ============

          How can you tell if a politician is lying?

          Answer: His lips are moving.

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            Posted: February 3, 2006, 8:14 pm - IP Logged

            To put it in other words: It is still gambling.

            Except you are doing it with 76 mill.

              DoctorEw220's avatar - alien helmet.jpg
              Yinzer Country, PA
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              March 18, 2004
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              Posted: February 3, 2006, 10:35 pm - IP Logged

              Don't forget that if you have someone else search your tickets, they may not be trustworthy and screw you out of your money.

              I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

                scott_one's avatar - abstract
                Lapeer, MI
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                December 29, 2004
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                Posted: February 4, 2006, 12:01 am - IP Logged

                If you had 76 million dollars....why would you need to play the lottery?

                  emilyg's avatar - cat anm.gif

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                  Posted: February 4, 2006, 12:09 am - IP Logged

                  If you had 76 million dollars....why would you need to play the lottery?

                   

                   

                                                                  Green laugh

                  love to nibble those micey feet.

                   

                                               

                    lottobrain's avatar - box
                    Smyrna, DE
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                    January 1, 2005
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                    Posted: February 4, 2006, 12:22 am - IP Logged

                    When the Virginia lottery came out with their lotto game and the odds were around 7 million to 1, an Australian organization showed up with pre printed lotto cards with every combination and proceeded to try to purchase all of the tickets for about a $20 million dollar jackpot. They were only able to get about 5 million of the tickets before the lottery got wise to what was going on and put a halt to massive purchases. If I remember correctly, there were 3 winning tickets for that one, but the group was able to share a third of the jackpot as their 5 out of 7 chance paid off.  The lottery got some legislation passed to prevent that from happening again.

                      DoctorEw220's avatar - alien helmet.jpg
                      Yinzer Country, PA
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                      Posted: February 4, 2006, 12:59 am - IP Logged

                      Nowadays if a lottery suspects that someone is trying to buy out a game, they will make the machine slow down (somehow the lottery can do that from the main office) or they will send someone to the location to shut the machine down.

                      I've redone my website.  Go to www.dr-ew.com.  I kept a lot of the old stuff, and I've added some new stuff.  Look for more new stuff in the coming weeks.

                        Badger's avatar - adu50016 NorthAmericanBadger.jpg
                        Wisconsin
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                        Posted: February 4, 2006, 8:02 am - IP Logged

                        If you had 76 million dollars....why would you need to play the lottery?

                        It's called.....GREED.

                        ============

                        How can you tell if a politician is lying?

                        Answer: His lips are moving.