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207 Million over.

Topic closed. 28 replies. Last post 8 years ago by KY Floyd.

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RJOh's avatar - chipmunk
mid-Ohio
United States
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March 24, 2001
19825 Posts
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Posted: December 14, 2008, 12:54 pm - IP Logged

 I kinda forgot it is just a game. I was spending 40 bucks a play, but I can afford it trust me. I'll keep playing, but I think everyone has that feeling sometime.

That's a privilege everyone has when choosing how to spend their money, they don't have to restrict themselves to odds of 1:175,711,536 with one MM ticket.  I spent $20 which is less than some folks spend on cigarettes and beer and it reduces my odds to 1:8,785,577 which means I have a 50% chance of winning something when I play.  So far the best I've done is a 3+1 for $150 once.  Most times I win back $0-$10.

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

    Avatar
    New Member
    bridgeport connecticut
    United States
    Member #64311
    August 24, 2008
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    Posted: December 14, 2008, 1:03 pm - IP Logged

    well i have been playing for years and when you hit its a rush and i hit in 10yrs 3times on 3numbers 4numbers the lotter powerplay never won still going for it so join the fun of getting close or try putting numberin prediction and not playing with money just to see if you come near i hit 4 times in a few months so its a game of chance.No Pity!

      RJOh's avatar - chipmunk
      mid-Ohio
      United States
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      Posted: December 14, 2008, 9:49 pm - IP Logged

      I really needed that 207 MIL and I am around 130 miles away from Piqua, Ohio. I did win $6 with midday Ten-Oh today and took that $6 and rolled it back into evening Ten-Oh, I will see if I win more. I did make $12 off of Mega Millions though. I'll keep trying and someday I will win.Wink

      If you're willing to settle for $25 MIL, you may get another chance before Christmas.

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

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        Kennesaw, GA
        United States
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        June 18, 2008
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        Posted: December 14, 2008, 11:22 pm - IP Logged

        If you're willing to settle for $25 MIL, you may get another chance before Christmas.

        i can settle for 25mil any day!!!

         

        pick me pick me, haha

          barbos's avatar - gold bar-and-cash1.jpg
          California
          United States
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          October 17, 2005
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          Posted: December 15, 2008, 5:51 am - IP Logged

          That's a privilege everyone has when choosing how to spend their money, they don't have to restrict themselves to odds of 1:175,711,536 with one MM ticket.  I spent $20 which is less than some folks spend on cigarettes and beer and it reduces my odds to 1:8,785,577 which means I have a 50% chance of winning something when I play.  So far the best I've done is a 3+1 for $150 once.  Most times I win back $0-$10.

            RJOh it was already discussed somewhere on LP that in a world of statistics math is a bit different.

          If you spent $20 on the 1:175,711,536 game your odds are 1:175,711,516 unfortunately.

            RJOh's avatar - chipmunk
            mid-Ohio
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            Posted: December 15, 2008, 7:41 am - IP Logged

              RJOh it was already discussed somewhere on LP that in a world of statistics math is a bit different.

            If you spent $20 on the 1:175,711,536 game your odds are 1:175,711,516 unfortunately.

            I've read some of those discussions.  According to them if the odds of winning were 1:25 and I bought 20 chances, my odds of winning would improve to 1:5 since I bought 20 of the 25 chances and not to 20:25 or 4:5 the way I figure.

            You probably heard that old saying "Figures don't lie but......"

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

              unseen's avatar - 4eyes
              louisville, Ky
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              June 3, 2004
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              Posted: December 15, 2008, 9:44 am - IP Logged

              I quit getting my hopes up on the big games and only play as a part of a pool at work.   I hit 458 the other night on KY pick 3 and won $300.  This year alone I've made over $900 on pick 3,  $2 on Powerball.

                jackpotismine's avatar - kanji for_peace.jpg
                Kunming
                China
                Member #57910
                January 23, 2008
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                Posted: December 15, 2008, 9:57 am - IP Logged

                I quit getting my hopes up on the big games and only play as a part of a pool at work.   I hit 458 the other night on KY pick 3 and won $300.  This year alone I've made over $900 on pick 3,  $2 on Powerball.

                You are sooooooooooooo right!!! The real money is on the Pick 3. It's very doable. Those big jackpots are a sucker's bet. Play one line, at least you're in it.

                Play to win!

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                  NY
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                  October 16, 2005
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                  Posted: December 15, 2008, 1:32 pm - IP Logged

                    RJOh it was already discussed somewhere on LP that in a world of statistics math is a bit different.

                  If you spent $20 on the 1:175,711,536 game your odds are 1:175,711,516 unfortunately.

                  It has been discussed before, and I dont understand why so many people have such a hard time with it. Math works exactly the same way in statistics as it does for anything else, but we're dealing with probability, not statistics. Your odds of winning are based on the ratio of the number of ways to win vs. the total number of possible outcomes, not the number of ways to lose. That ratio is a fraction, and even though the numbers may be bigger, that's 3rd grade math.

                  If you buy 20 tickets for MM there are 20 ways you can win. For simplicity, let's call your 20 combinations 1,2,3 ...20. If the winning combination is 1, you win. If the winning combination is 2, you win. If the winning combination is 3, you win. And so on. No matter how many tickets you buy, there will still be the same number of possible outcomes, so that side of the expression doesn't change.  That gives you odds of 20:175,711,536. Just like the fractions from 3rd grade, that can be simplified by dividing both sides by the same amount.  Dividing by 20 gives odds of 1:8,785,576.8, just as RJ says.

                    justxploring's avatar - villiarna
                    Wandering Aimlessly
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                    Posted: December 15, 2008, 1:56 pm - IP Logged

                     Hi all, I'm new to playing the lottery and was trying hard for that 207 million. I have to admit after playing good money on tickets i'm a little discouraged after someone else won.

                    "i'm a little discouraged after someone else won" 

                    What?

                    If you are discouraged after playing for a short time, think of how you'll feel in 10 years!

                    How do you think the jackpot got to $207 million?  Aggie, you can bet $100 a week for the rest of your life and odds are you'll never win.   On the other hand, you might bet $1 on a Quick Pick and win a large jackpot if the lottery fairy sprinkles her magic dust on you. 

                    Coin Toss - Great story!  Green laugh

                      Stew12's avatar - bad egg-64x64.png
                      CT
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                      Posted: December 15, 2008, 1:58 pm - IP Logged

                      If you spent $20 on the 1:175,711,536 game your odds are 1:175,711,516 unfortunately.

                      I agree with those that say this is wrong.  If you buy 1 combination, you will have a 1 in 175,711,516 chance of winning.  If you buy 175,711,516 combinations, would you still have a 1:175,711,516 chance of winning?  No, you would be guaranteed a win since you own all possible combinations, making your chances 175,711,516:175,711,516. If you own HALF of the combinations, you will have a 1:2 chance of winning, being 87,855,758:175,711,516 = 1:2.  The same works with 20 combinations, you increase your chances of winning to 20:175,711,516 = 1:8,785,575.8.  It's simply reducing fractions.

                        justxploring's avatar - villiarna
                        Wandering Aimlessly
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                        Posted: December 15, 2008, 2:24 pm - IP Logged

                        If you spent $20 on the 1:175,711,536 game your odds are 1:175,711,516 unfortunately.

                        I agree with those that say this is wrong.  If you buy 1 combination, you will have a 1 in 175,711,516 chance of winning.  If you buy 175,711,516 combinations, would you still have a 1:175,711,516 chance of winning?  No, you would be guaranteed a win since you own all possible combinations, making your chances 175,711,516:175,711,516. If you own HALF of the combinations, you will have a 1:2 chance of winning, being 87,855,758:175,711,516 = 1:2.  The same works with 20 combinations, you increase your chances of winning to 20:175,711,516 = 1:8,785,575.8.  It's simply reducing fractions.

                        We've had this debate for years discussing the odds vs the possibilities.  Since the PB & MM games have such astronomical odds, I'll use the example I gave when discussing the FL raffle game.   There will be 9 million dollar winners out of one million tickets sold.  They give the odds as 1:111,111.   Sounds great, right?  But if only 9 people win and they print a million tickets, that means that 999,991 people will not win the grand prize.  That's less than 99.9%.  If someone told me I had a 99% chance of getting into an accident today, I wouldn't leave the house.  If someone told me I had less than 1/10th of a percent of getting cancer or having a heart attack, I'd be the happiest person in the world.  But people get all excited and scream "wow, look at those great odds" because it's a lottery game and they're brainwashed into thinking that when 99.9% of the people who spend $20 are going to lose, it's an easy win. 

                        "No, you would be guaranteed a win since you own all possible combinations"

                        First of all, you realize it would be impossible to purchase that amount of tickets between drawings, right?  Second, you also must realize that, even if you could spend over $175 million on tickets in a few days, you might end up splitting the jackpot with 1 or more other people.  No matter what the mathematical statistics are, if the odds are 1 in 175,711,516 and you're crazy enough to buy $1,000 tickets per game, there are still 175,710,516 combinations that could come up that aren't one of yours.  I don't think this is a negative way of looking at the possibility of winning a MM jackpot, just a realistic one. 

                          Stew12's avatar - bad egg-64x64.png
                          CT
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                          Posted: December 15, 2008, 3:14 pm - IP Logged

                          We've had this debate for years discussing the odds vs the possibilities.  Since the PB & MM games have such astronomical odds, I'll use the example I gave when discussing the FL raffle game.   There will be 9 million dollar winners out of one million tickets sold.  They give the odds as 1:111,111.   Sounds great, right?  But if only 9 people win and they print a million tickets, that means that 999,991 people will not win the grand prize.  That's less than 99.9%.  If someone told me I had a 99% chance of getting into an accident today, I wouldn't leave the house.  If someone told me I had less than 1/10th of a percent of getting cancer or having a heart attack, I'd be the happiest person in the world.  But people get all excited and scream "wow, look at those great odds" because it's a lottery game and they're brainwashed into thinking that when 99.9% of the people who spend $20 are going to lose, it's an easy win. 

                          "No, you would be guaranteed a win since you own all possible combinations"

                          First of all, you realize it would be impossible to purchase that amount of tickets between drawings, right?  Second, you also must realize that, even if you could spend over $175 million on tickets in a few days, you might end up splitting the jackpot with 1 or more other people.  No matter what the mathematical statistics are, if the odds are 1 in 175,711,516 and you're crazy enough to buy $1,000 tickets per game, there are still 175,710,516 combinations that could come up that aren't one of yours.  I don't think this is a negative way of looking at the possibility of winning a MM jackpot, just a realistic one. 

                          I wasn't saying purchasing all posible combinations is a smart way to guarantee a win, but from a mathematical standpoint it would guarantee you a win. However you would still lose money due to taxes (unless the cash option was over $400 million), and the risk of splitting the jackpot would still be there.  Nevermind the hastle of purchasing and double-checking that many pieces of paper ;)

                          The odds are different for a game such as the FL raffle since they are picking 9 winners out of 1,000,000, not 1 winner out of 1,000,000 possible combinations. In that game you would have to buy 999,992 tickets to guarantee a win. A single ticket has a 9:1,000,000 chance of winning, or 1:111,111.

                            Avatar
                            NY
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                            Posted: December 15, 2008, 10:17 pm - IP Logged

                            "But if only 9 people win and they print a million tickets, that meansthat 999,991 people will not win the grand prize.  That's less than99.9%."

                            And there you have it. It isn't how many people lose, it's the likelihood of winning or losing that matters. If there were a worldwide lottery where everybody had 1 ticket, you could have 3 billion losers, but everybody would have a 50% chance of being one of the winners. What matters more? A 50% chance of winning, or having 3 billion losers? It's the same on a smaller scale. If pick 3 was done as a raffle there would only be 999 losers, but you would only have a 0.1% chance of winning.

                            "people get all excited and scream "wow, look at those great odds"

                            I don't think most people think that, but it does show the perception that some people get when comparing a raffle game to MM or PB. A typical lottery game skims 50% of the money, so there's not a chance that you can really get good odds. You can buy 2 tickets or 10 tickets to be two or ten times as likely to win, but if the prize is worth playing for it will always be extremely likely that you're going to lose.