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What is your lottery income?

Topic closed. 26 replies. Last post 9 years ago by DoubleDown.

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Posted: July 30, 2007, 8:16 pm - IP Logged

It seems like there are some big time lotto players on this site. Under highest lifetime Prize ratio(in the winners section of the board), it says that there are only 7 users who have made money playing the lotto. Everyone else has lost money over time. For example one poster has won $815,512. However that person waged $1,470,369. That is a total net income of -654,857. So my main question is when its all said an done do you guys actually benefit from playing the lotto (In terms of money, not entertainment) and also in a given year what is your lotto net income?

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    Kentucky
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    Posted: July 30, 2007, 11:50 pm - IP Logged

    It seems like there are some big time lotto players on this site. Under highest lifetime Prize ratio(in the winners section of the board), it says that there are only 7 users who have made money playing the lotto. Everyone else has lost money over time. For example one poster has won $815,512. However that person waged $1,470,369. That is a total net income of -654,857. So my main question is when its all said an done do you guys actually benefit from playing the lotto (In terms of money, not entertainment) and also in a given year what is your lotto net income?

    Those are predictions and your guess is as good as mine to whether those predictors play all those combinations.

    "So my main question is when its all said an done do you guys actually benefit from playing the lotto (In terms of money, not entertainment) and also in a given year what is your lotto net income?"

    Coin Toss gets notifications that they won lots of money from lotteries they didn't play but the rest of us have to buy a ticket to win. Some people like to talk about what they would do if they won the big one so maybe they see it as an investment.

    I suppose "us guys" are just like the rest of the population and have a couple extra bucks in our pockets or purses and play MM or PB when the jackpots are high. You must be a quick-pick player by discounting the entertainment value of choosing your own numbers. The only way show it as income at the end of the year is if you won more then you spent and if you need to hit the jackpot break even, you know you spent way too much money.

      emilyg's avatar - cat anm.gif

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      Posted: July 31, 2007, 12:16 am - IP Logged

      Nobody in their right mind is going to post their lottery income here.

      love to nibble those micey feet.

       

                                   

        Coin Toss's avatar - shape barbed.jpg
        Zeta Reticuli Star System
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        Posted: July 31, 2007, 12:48 am - IP Logged

        Good memory, Stack47!

        "Coin Toss gets notifications that they won lots of money from lotteries they didn't play but the rest of us have to buy a ticket to win."

        In the casino world someone who suggests who or what to bet and does not make those bets themself is known as a tout.

        It's a very bad reputation to have.

        If anyone wants to know why I'll expound, if not, to each his own.  

        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.

          RJOh's avatar - chipmunk
          mid-Ohio
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          Posted: July 31, 2007, 1:09 am - IP Logged

          "So my main question is when its all said an done do you guys actually benefit from playing the lotto (In terms of money, not entertainment) and also in a given year what is your lotto net income?"

          Do the math and you can answer your own question.  Lotteries are design to provide an income for the states not the players.

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

            four4me's avatar - gate1
            MD
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            Posted: July 31, 2007, 1:26 am - IP Logged

            It seems like there are some big time lotto players on this site. Under highest lifetime Prize ratio(in the winners section of the board), it says that there are only 7 users who have made money playing the lotto. Everyone else has lost money over time. For example one poster has won $815,512. However that person waged $1,470,369. That is a total net income of -654,857. So my main question is when its all said an done do you guys actually benefit from playing the lotto (In terms of money, not entertainment) and also in a given year what is your lotto net income?

            The prediction board is for bragging rights some people might play some of their predictions some might not.
            Some people might play other peoples predictions.
            Some people win real money playing lottery most people lose.
            9 out of 10 gamblers probably invest twice as much as they won trying to win again.
            There are all types of players from the hard core gamblers to the casual player some casual players might wait till the time is right to play, some of them win and many of them don't.

            Nobody is going to get rich playing pick 3 and 4 games some might win often enough to keep playing but if they go overboard then they end up spending more that they have won over a given period of time.
            I have heard some people say they break even from year to year. It's possible but not probable unless they picked up some pick 4 straights, of course there are some people whom swear that they win pick 3 often enough to be in the green no one but them knows for sure.

            Suppose you have a pick 3 or 4 number you like and think it will hit straight and you win 25 grand or more because you bet heavily on it. This is a rare win and few and far between wins. So over they years you might break even but if you win 25 grand and start thinking I'm going to bet like this for every draw then say by, by to you winnings.

            The people you have seen on the prediction board with the high statistics have done so because they won multiple high tier pick 5 or 6 games which they have placed on the prediction boards. And many pick 3 and 4 prediction players have posted the same number 50 times or more for a single draw and have hit the number straight which drives up there prize ratio. This is probably one of the most confusing parts for selecting a poster who is good at picking picks because no one know for sure if the predictor actually had some work out that gave them the insight to post that number 50 times or if it was just a lucky guess.

            Also since most predictors post for all states pick 3 and 4 games then their picks are bound to his sooner or later somewhere as there are 2 drawings a day in many states.

            If you want to know how much i won this year then the answer is not enough.

            When i win mega millions or powerball then i can say i won enough to pay for all the money i spent over they years playing.

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              Posted: July 31, 2007, 1:44 am - IP Logged

              ^thank you for the response. It cleared up confusion that I had regarding the predictions part. To be honest, I no longer play the lotto and the reason is that I realized that It would put me in debt before it would make me rich. I know that you have to be in it to win it, but the reality is that I have seen many friends lose a lot of money playing the lotto. I guess my post was poorly written. I don't actually expect people to list their net lottery income. I was really trying to get a better understanding of why people bet alot of money in the lotto when often they lose big.

                four4me's avatar - gate1
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                Posted: July 31, 2007, 2:07 am - IP Logged

                ^thank you for the response. It cleared up confusion that I had regarding the predictions part. To be honest, I no longer play the lotto and the reason is that I realized that It would put me in debt before it would make me rich. I know that you have to be in it to win it, but the reality is that I have seen many friends lose a lot of money playing the lotto. I guess my post was poorly written. I don't actually expect people to list their net lottery income. I was really trying to get a better understanding of why people bet alot of money in the lotto when often they lose big.

                Some people play for the thrill of winning. Even if they say you could get hit by lightening before you win a major jackpot. the fact is sooner or later someone will win whatever jackpot there is in any state. If you don't play you don't have a chance at winning.

                In order to play the daily games you have to have disposable money while this might sound strange there are some people who do.

                For instance myself i don't drink alcohol or sodas so i have a few bucks i can put on the games. Some people houses are paid for. Lots of people make real good money and thy can afford to play.

                If you talking about those people who play the lottery and can't afford to play then they have a problem it's no ones fault but theirs

                Gambling is habit forming and can be an addiction for lots of people.

                Big John says. You don't hit the number. The number hits you!!!!

                               I'm not Big John, I'm Four4me, Big John's a friend.
                  Coin Toss's avatar - shape barbed.jpg
                  Zeta Reticuli Star System
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                  Posted: July 31, 2007, 10:40 am - IP Logged

                  four4me

                   "The prediction board is for bragging rights some people might play some of their predictions some might not.
                  Some people might play other peoples predictions.  "

                  OK, and I'm sure I'm not alone on this - I see absolutely no reason to brag about numbers that someone 'predicts' and doesn't play. I can see kicking yourself in the kesiter for doing that, but not braging about it.

                  And as for people 'predicting'  40 or more of 120 combinations, whoop tee do. Boston Fire Department, if you know what I mean.

                  Wink

                  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.

                    four4me's avatar - gate1
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                    Posted: July 31, 2007, 11:45 am - IP Logged

                    Coin Toss i used the term bragging as a generalization. There are a few posters who exclaim when their numbers win multiple times or if they get 4 out of 5. and 5 out of 6 on the prediction board.

                    I might even post a remark about Lil lotto if my picks hit all 5 cause i have been playing those picks for every draw for a long time. I wheeled those picks and believe if you play the same picks every day you just might match all 5. While i don't post them for every draw i have been trying to post them for every time the Lil lotto rolls. Many times i get a 3 of 5 and a couple times i got 4 out of 5.

                    When posters have matched all 5 of their picks for some drawing there are usually posts from people congratulating them for winning the draw. Even if they didn't play. In a sense of the word they are bragging for the predictor whether the predictor responds or not.

                    While i agree it would really bend me out of shape if i posted picks for bonus match 5 and they won the top tier prize and i didn't play, in theory i did win the draw just didn't play.

                    Todd set up the prediction board for posters because he wanted people to be able to predict for fun or profit should they chose to play said picks, and however the responders feel about it is up to them some people feel a great accomplishment when they predict winning picks for a lottery draw even if they didn't actually win any money.

                    I get a little tickle when my picks come out straight in my home town but i have often kicked myself in the butt for not playing posted picks.    

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                      Kentucky
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                      Posted: July 31, 2007, 10:19 pm - IP Logged

                      I came up with a new spin for the predictions boards by predicting the numbers that won't hit.

                      Doing a good job at it too, my hit ratio is 0.76%!

                        Coin Toss's avatar - shape barbed.jpg
                        Zeta Reticuli Star System
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                        Posted: July 31, 2007, 10:28 pm - IP Logged

                        I came up with a new spin for the predictions boards by predicting the numbers that won't hit.

                        Doing a good job at it too, my hit ratio is 0.76%!

                        Considering the amount of numbers some predictors post, that may be a lot easier. 

                        Easier for them to post and for the rest of us to read.  

                        "Reverso predictions".  

                        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.

                          RJOh's avatar - chipmunk
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                          Posted: July 31, 2007, 11:22 pm - IP Logged

                          I came up with a new spin for the predictions boards by predicting the numbers that won't hit.

                          Doing a good job at it too, my hit ratio is 0.76%!

                          You'll get a chance to try that with the new Ohio game "Ten-OH!", the odds of matching nothing are 1:22 and it will pay $3.

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

                            Coin Toss's avatar - shape barbed.jpg
                            Zeta Reticuli Star System
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                            Posted: August 1, 2007, 9:17 am - IP Logged

                            You'll get a chance to try that with the new Ohio game "Ten-OH!", the odds of matching nothing are 1:22 and it will pay $3.

                            Lo-ball poker. People who have never played onlly hear "the worst hand wins" when the rules are explained to them and then they say, "Oh, I'll play, i always get bad cards". 

                            Then they go into a pot with a pair of Kings.

                            I'm sure on this "Ten-OH" game it's more likley you'll hit one or maybe two numbers than hitting none.  

                            But all in all, in the world of payoffs, $3 for a 1:22 shot isn't that bad a deal.  

                            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.

                              RJOh's avatar - chipmunk
                              mid-Ohio
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                              Posted: August 1, 2007, 12:40 pm - IP Logged

                              Lo-ball poker. People who have never played onlly hear "the worst hand wins" when the rules are explained to them and then they say, "Oh, I'll play, i always get bad cards". 

                              Then they go into a pot with a pair of Kings.

                              I'm sure on this "Ten-OH" game it's more likley you'll hit one or maybe two numbers than hitting none.  

                              But all in all, in the world of payoffs, $3 for a 1:22 shot isn't that bad a deal.  

                              "Ten-OH!" is a Keno game and only the hits with odds of 1:19 or better pay.  The odds for all the possible 1,646,492,110,120 hits  from 10 of 20 of 80 numbers are as follows.

                               

                               MATCHCOMBOS OF 10 FROM 20of80 NUMBERS   ODDS 
                               10 184756 1 : 8911711
                               9 10077600  1 : 163381
                               8 222966900 1 : 7384
                               7 2652734400  1 : 621
                               6 18900732600 1 : 87
                               5 84675282048 1 : 19
                               4 242559401700 1 : 7
                               3 440275888800  1 : 4
                               2 486137960550 1 : 3
                               1 295662853200 1 : 6
                               0 75394027566  1 : 22

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