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Didn't Play The Lottery Insurance

Topic closed. 23 replies. Last post 7 years ago by jrosina.

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Raven62's avatar - binary
New Jersey
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Posted: February 25, 2010, 9:25 pm - IP Logged

Protects you in case the worst should happen:

Some people find it hard to stop playing the lottery because they're worried that the very day they stop will be the day their lucky numbers are drawn, and they will tragically lose out on the dollars they are playing for.

DNPTL insurance saves you from this tragedy. You register your lucky numbers with the Insurance Company and tell it what games to follow, and from then on: if those numbers are ever worth a large prize, the Insurance Company will pay you that prize in full: even if you also played and won the prize on your own!

But, the Insurance Company doesn't pay any 2nd or lesser prizes. It is only catastrophe insurance, in case by some miracle your hit a straight or a jackpot.

DNPTL is *not* the same as a lottery subscription or other automated lottery instrument, and because the odds are precisely known, insurance companies could offer this coverage at an affordable price.

A mind once stretched by a new idea never returns to its original dimensions!

    rdgrnr's avatar - walt
    Way back up in them dadgum hills, son!
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    Posted: February 25, 2010, 9:35 pm - IP Logged

    Would the insurance cost less than it would cost to play the game for a year?

    Sign me up!


                                                 
                         
                                             

     

     

     

     

                                                                                                       

    "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                --Edmund Burke

     

     

      Raven62's avatar - binary
      New Jersey
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      Posted: February 25, 2010, 9:44 pm - IP Logged

      Would the insurance cost less than it would cost to play the game for a year?

      Sign me up!

      Not to worry: It'll be less than your Bar Bill for the Year...

      A mind once stretched by a new idea never returns to its original dimensions!

        rdgrnr's avatar - walt
        Way back up in them dadgum hills, son!
        United States
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        April 28, 2009
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        Posted: February 25, 2010, 9:47 pm - IP Logged

        Not to worry: It'll be less than your Bar Bill for the Year...

        LOL! It'd have to be a lot less than my bar bill or I'd never be able to afford it!

        A man's got to know his limitations.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

          four4me's avatar - gate1
          MD
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          June 18, 2003
          8360 Posts
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          Posted: February 25, 2010, 9:52 pm - IP Logged

          Protects you in case the worst should happen:

          Some people find it hard to stop playing the lottery because they're worried that the very day they stop will be the day their lucky numbers are drawn, and they will tragically lose out on the dollars they are playing for.

          DNPTL insurance saves you from this tragedy. You register your lucky numbers with the Insurance Company and tell it what games to follow, and from then on: if those numbers are ever worth a large prize, the Insurance Company will pay you that prize in full: even if you also played and won the prize on your own!

          But, the Insurance Company doesn't pay any 2nd or lesser prizes. It is only catastrophe insurance, in case by some miracle your hit a straight or a jackpot.

          DNPTL is *not* the same as a lottery subscription or other automated lottery instrument, and because the odds are precisely known, insurance companies could offer this coverage at an affordable price.

          You deciphered pumpi's post and came up with a good idea i wonder if this is exactly what he really meant to say. Hurray!

          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.
            sully16's avatar - sharan
            Ringleader
            Michigan
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            October 28, 2009
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            Posted: February 25, 2010, 9:54 pm - IP Logged

            Insurance companies come up with as many ways to take our money as the gov. does.

            Did you exchange a walk on part in the war ?

            For a lead role in a cage?

             

                                                        From Pink Floyd's " Wish you were here"

              Dollar419's avatar - Lottery-050.jpg
              Santa Ana
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              February 20, 2009
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              Posted: February 25, 2010, 10:03 pm - IP Logged

              Protects you in case the worst should happen:

              Some people find it hard to stop playing the lottery because they're worried that the very day they stop will be the day their lucky numbers are drawn, and they will tragically lose out on the dollars they are playing for.

              DNPTL insurance saves you from this tragedy. You register your lucky numbers with the Insurance Company and tell it what games to follow, and from then on: if those numbers are ever worth a large prize, the Insurance Company will pay you that prize in full: even if you also played and won the prize on your own!

              But, the Insurance Company doesn't pay any 2nd or lesser prizes. It is only catastrophe insurance, in case by some miracle your hit a straight or a jackpot.

              DNPTL is *not* the same as a lottery subscription or other automated lottery instrument, and because the odds are precisely known, insurance companies could offer this coverage at an affordable price.

              What would they think of next--Lottery Insurance??--with the extra money you spend on Lottery Insurance, you can play your chosen numbers in advance and keep the larger payouts--very bad idea...Unhappy

                Raven62's avatar - binary
                New Jersey
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                Posted: February 25, 2010, 10:07 pm - IP Logged

                LOL! It'd have to be a lot less than my bar bill or I'd never be able to afford it!

                A man's got to know his limitations.

                In these hard times: Folks may have to start making their own again and avoid the Bars!

                A mind once stretched by a new idea never returns to its original dimensions!

                  Avatar

                  Honduras
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                  Posted: February 25, 2010, 11:42 pm - IP Logged

                  Are you saying that there is an insurance for whenever you are playing your numbers everyday and if you miss 1 day and it plays they pay you for the jackpot...Sounds like a great idea...They cant handle pick3 or pick4 only pick5, pick6 and powerball i would imagine...

                  but it should be a yearly bill and not a monthly bill, people got bills to pay...

                  i heard that ibesleeping numbers played and he didnt play them or something like that dont know if it was a Pick6 or Pick5...By now he would had been LP first jackpot winner had he had insurance...

                  The Forex trades: 1.6 Trillion dollars EVERY day, that´s more than the GDP of the Carribbean Central America, COMBINED. Enough to feed every crook out there for centuries...To all Geniuses & Powers Countries of the World the Planet needs breakthroughs in all Medicine, Veterinary, Biology related fields, Psychology, Population Psychology/Sociology..They need to genetically ingeneer new plants species/types to give more variety of plants and thus have more resources for combating diseases¨


                   


                   


                   

                   


                    Avatar
                    CA
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                    Posted: February 26, 2010, 1:36 am - IP Logged

                    IMO that is a pretty stupid idea. You're already spending a lot on the lottery. And like most of us losing more than we win. The odds of the games so are high that even if you play the same numbers every draw for the rest of your life, it's possible that you will never hit the jackpot. With MM and PB you can live over 17,000 lives (95 years each) and never hit. So with that in mind, would you still pay for "insurance" for a an event that is less likely than getting hit by a bus and then by lightning?

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                      Honduras
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                      Posted: February 26, 2010, 1:59 am - IP Logged

                      there have been cases where people comit suicide because their numbers played and they didnt play them...I saw on a youtube video that has happened in the U.K...If is less than: $20 a year, or $30 a year i am fine with it...

                      It will take you 3 million years to win, you get your chance and you MISSED IT because you didnt play that day...Is bad enough to drive anyone to commit suicide, the idea that it will never come back to you again...Is like going to a time machine to the time of neanderthal man and finding out you can not come back to the present...Those time machine travel movies yeah in movies they look cool but had it existed nobody will travel through them for fear of getting stuck in the past...I rather NOT WIN POWERBALL several times than to go back to the time of neaderthal when the earth was deserted and you was probably the only one on earth...

                      people that say the opposite has NEVER WON AND NOT PLAYED THEM, they dont know the feeling...Yeah Cash3, Cash4 fine to lose but cash5 (your house paid) or millions...I get mad at people but there are things i dont wish on people...

                      The Forex trades: 1.6 Trillion dollars EVERY day, that´s more than the GDP of the Carribbean Central America, COMBINED. Enough to feed every crook out there for centuries...To all Geniuses & Powers Countries of the World the Planet needs breakthroughs in all Medicine, Veterinary, Biology related fields, Psychology, Population Psychology/Sociology..They need to genetically ingeneer new plants species/types to give more variety of plants and thus have more resources for combating diseases¨


                       


                       


                       

                       


                        rdgrnr's avatar - walt
                        Way back up in them dadgum hills, son!
                        United States
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                        April 28, 2009
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                        Posted: February 26, 2010, 2:15 am - IP Logged

                        In these hard times: Folks may have to start making their own again and avoid the Bars!

                        Some folks never stopped making their own (or so I'm told Wink).


                                                                     
                                             
                                                                 

                         

                         

                         

                         

                                                                                                                           

                        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                    --Edmund Burke

                         

                         

                          Avatar
                          CA
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                          Posted: February 26, 2010, 4:08 am - IP Logged

                          there have been cases where people comit suicide because their numbers played and they didnt play them...I saw on a youtube video that has happened in the U.K...If is less than: $20 a year, or $30 a year i am fine with it...

                          It will take you 3 million years to win, you get your chance and you MISSED IT because you didnt play that day...Is bad enough to drive anyone to commit suicide, the idea that it will never come back to you again...Is like going to a time machine to the time of neanderthal man and finding out you can not come back to the present...Those time machine travel movies yeah in movies they look cool but had it existed nobody will travel through them for fear of getting stuck in the past...I rather NOT WIN POWERBALL several times than to go back to the time of neaderthal when the earth was deserted and you was probably the only one on earth...

                          people that say the opposite has NEVER WON AND NOT PLAYED THEM, they dont know the feeling...Yeah Cash3, Cash4 fine to lose but cash5 (your house paid) or millions...I get mad at people but there are things i dont wish on people...

                          That's pretty hardcore. Good thing I don't have any lucky numbers. Lol. Whenever I don't win I always wonder if I would have won if I just gotten another QP.

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                            Framingham,Ma
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                            Posted: February 26, 2010, 10:38 am - IP Logged

                            Yup, I get that sick feeling in my stomach when didn't play and hate to even watch TV or check lottery next day for fear seeing my numbers there.Like being at casino and playing $100.00 on 1 slot machine to not win a dime and have 98yr old lady with oxygen bottle sit down and two coins and wins JACKPOT.or better yet play $60.00 in 1 slot machine and come down to last 1.00 left in machine and hit play but its not the total that could be bet 3.00 would have been and you have plenty of coins just didn't feel it was going to win and YUP hit jackpot on progressive machine 67,000.00 and you get NOTHING happened to me in CO.But i know what it is like to be on the winning end of those also Uncle played 1 machine for 100.00 amd left i sat down and hit it 9 times in a row for $500.00 ea hit 4500.00 total. but MM/PB jackpot would be tragic to miss LOL Good luck all

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                              NY
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                              Posted: February 26, 2010, 2:34 pm - IP Logged

                              With some modifications that's actually an interesting idea, at least in the abstract. If you get paid even when you bought a ticket and win I think it's a pretty clear case that the "insurance company" is running an illegal lottery: you give them money and if your numbers are drawn they pay you. OTOH, if  they only pay out if your numbers are drawn but you forget, or are unable, to buy your usual ticket for the drawing there's an argument that they are selling a legitimate insurance product. In theory, the insurance company could even sell a policy that costs 40 cents per drawing and statistcally they would expect to collect more than they pay out. Even at such a low cost, it still wouldn't be a better deal than just buying your tickets, though. There would have to be some mechanism to ensure that you really were buying your ticket the majority of the time. Perhaps making a claim would require producing valid tickets showing that you bought tickets for at least 80% of drawings. As a practical matter that would mean that having a chance in any 10 drawings would cost $8 for tickets and $4 for the insurance coverage. You'd have paid $12 instead of the $10 it would cost to simply buy all 10 tickets, and 20% of the time you'd have no chance of winning any of the smaller prizes.

                              Of course in reality there are a number of problems even if you wanted to spend more money to have the coverage. The biggest would be finding an insurance company willing to take the risk. Like the lottery, insurance companies rely on coupling probabilty with a large customer base to ensure a profit despite losses on individual policies. No insurance company is going to expose themselves to the potential loss of millions of dollars just to collect a couple of hundred bucks from each of the few dozen policy holders that might buy such a policy. For the potential policy holder there would also be the (minor) risk of accepting an inevitable policy limitation. It's a pretty safe bet that the policy would only pay out if no winning tickets were sold, to protect the insurance company against possible fraud. Afterall, if there's a winning ticket, how can the policy holder prove that they're not the person who bought it, or arranged to have it bought? Perhaps the only thing worse than not buying a ticket and having your numbers drawn would be having such insurance, forgetting to buy your ticket, and then missing out anyway because somebody else played those numbers.