Small Jackpots vs Big JackpotsPrev TopicNext Topic

• Coin Toss

  

  Zeta Reticuli Star System
  United States
  Member #30,469
  January 17, 2006
  11,788 Posts
  Offline
  Mar 13, 2011, 10:21 am

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  In response to megamanX

  Quote: Originally posted by megamanX on Feb 12, 2011

  The Canadian 6/49 lotto is starting to look really good. 30 million canadian dollars with odds of 1 in 14 million for one ticket. Another great thing about the Canadian lotto is the advertized jackpot is exactly what you get, it's the lump sum with taxes already paid. Not like the lottos in the US where the advertized jackpot is the annuity. If I was in Canada or close to the border, I'd play this for sure. The online butler service is really steep, so I'll wait until the jackpot is bigger.

  If an American hits the Canadian lottery Uncle Sam will still have his hand out.

  It's happened already.

  Those who run the lotteries love it when players look for consistency in something that's designed not to have any. So many systems, so many theories, so few jackpot winners. 

  

  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.
• BaristaExpress

  

  Magnolia, Delaware
  United States
  Member #18,794
  July 20, 2005
  789 Posts
  Offline
  Mar 13, 2011, 5:50 pm

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  In response to Coin Toss

  Quote: Originally posted by Coin Toss on Mar 13, 2011

  If an American hits the Canadian lottery Uncle Sam will still have his hand out.

  It's happened already.

   And FYI The Canadians equivalent to the IRS does share tax information with the United States Internal Revenue Service! That way Canadian citizens can't hide any money here in the US without being found out by their own taxing body of the Canadian Government!

  And the Canadian Government will forward the tax money that is due on to the US IRS before you getting paid!

  It's called the "United States-Canada Income Tax Treaty"

  Keep dreaming the impossible dream, it just may come true!
• ttech10

  

  Texas
  United States
  Member #92,326
  June 5, 2010
  887 Posts
  Offline
  Mar 14, 2011, 1:33 am

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  I play whenever, though occasionally I'll throw in more for bigger payouts.

  With the amount after taxes on either the PB or MM I can still enjoy myself and live out a full life with the winnings, even if it's the $12 million PB jackpot. I wouldn't be able to do the things I could with something like $50 million but I would still have a very nice life and wouldn't have to worry about working.
• Uff Da!

  

  Washington State
  United States
  Member #33,972
  February 26, 2006
  349 Posts
  Offline
  Mar 15, 2011, 6:30 am

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  Since playing a game like MM or PB usually amounts to throwing my money away, I reached the conclusion that I'd rather throw it at the chance of winning a larger amount than at a smaller one.  So I usually don't play at all until the jackpot hits $50 million cash, but then often play $5.  Sometimes I don't play even then, if I don't happen to be going near a store that sells the tickets. 

  I'm willing to spend about $300 a year out of pocket on lottery tickets, so the number of tickets I buy and point at which I start varies a bit depending upon how many weeks the big games have been running at lower or at higher jackpots.
• markp1950

  

  Milwaukee, WI
  United States
  Member #3,131
  December 27, 2003
  665 Posts
  Offline
  Mar 16, 2011, 11:10 pm

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  It's more like Small jackpots AND big jackpots

   

  I'm focusing on Wis Megabucks right now @ 1,200,000 after taxes..

  BUT I just can't ignore 73,000,000 after taxes on Meg Millions so I will play PB much lighter...