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Choosing How Much Money To (Try And) Win...

Topic closed. 25 replies. Last post 5 years ago by tntea.

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Idaho
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June 18, 2009
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Posted: April 8, 2012, 12:10 am - IP Logged

I chose this topic because it seems to be somewhat of a disease with most of the people I interact with...be it at the workplace, or, otherwise. I'm absolutely certain that at least a couple of people here knows someone that only wants to play the big games when they're waaaaaaay, waaaaaay up there in the money! I mean, I know people who actually played the PB for their second or third time due to the half billion dollar jackpot to be won!! This really, really, REALLY puzzles a man like me. Why? Well, it's like they're saying, " $100 million just ain't enough for me to win...so I'll wait 'till it get's up there pretty good and then I'll try." 

Really? Seriously? No joke? My question is always, "So, if you actually won the least amount of the jackpot, you'd just give it back because it's not worth it?" Then, there's a brief silence, and then, "Well, I didn't mean it like that." At this point, I don't even want to hear an explanation of the comment because it's totally irrelevant in my opinion. Now, granted, a person can do whatever they want with their monies...and how and WHEN. It's their right. But, what I'm getting at is a person's MIND SET regarding this type of money.

To me, this type of person is simply saying that fifty million, or so, will absolutely not fix all their problems and make them happy where they can actually retire if they want. For me, if I could hit our 6/54 for even 6 million, I'd be on top of the world!!!!! I'm really struggling with trying to understand this type of mind set with others who see such an amount as "unreasonable". Thus, they don't play for it.

I'd honestly like to read your points of views on this subject simply because it intrigues me. Is this being greedy, or, just making the win more "worth it"? Do these types of people win several million dollars regularly, and, it renders anything under $100 million totally pointless? Let's hear your thoughts...PLEASE.

L.L.


I hear ya.  This is something that has always puzzled me.  I think it's all part of the human need to become "king of the hill".  And I don't mean the cartoon.  lol

La Maga Della Spaziometria

    mediabrat's avatar - 18z0typ
    upstate NY
    United States
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    March 31, 2011
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    Posted: April 8, 2012, 3:03 am - IP Logged

    There's a couple different kinds of occasional players.  There's the type that aren't in the habit of playing the lottery like we are, so it doesn't occur to them to go out and buy a ticket unless a record is being approached and the hype machine kicks in.  Either that or they just happen to be at the gas station or the grocery store or wherever, they see the lottery terminal flashing the current jackpots, and they decide to throw down a couple of dollars.  It's not that people would turn down a smaller jackpot, it's that they don't consider it a priority to play the lottery on a regular basis and they only think of it when their attention is drawn to it.

    Then there's the semi-regulars, the ones who keep an eye on the games all the time but only jump in at a specific point.  There are plenty of those right here on LP.  These folks are a harder nut to crack.  They're obviously not anti-gambling, and since they follow the games they can't make the excuse that they didn't realize Mega Millions was only at $12 million or the NY Lotto was only at $3 million or whatever.  These people probably are greedy and/or cheap as has been discussed thus far.  It's somewhat difficult to pin down what's really going through their heads as they tend to be evasive on the topic.  They might give you some line about how the odds of someone winning a jackpot are better when more people are playing, which is technically true, but it ignores the fact that your own personal odds depend solely on the number of tickets that you personally buy.  It is a fallacy to state that jackpots can only be won after they have rolled over multiple times; plenty of people have won jackpots that were at or close to their minimum.

    Patriot

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      NEW YORK
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      April 29, 2010
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      Posted: April 8, 2012, 8:31 am - IP Logged

      There's a couple different kinds of occasional players.  There's the type that aren't in the habit of playing the lottery like we are, so it doesn't occur to them to go out and buy a ticket unless a record is being approached and the hype machine kicks in.  Either that or they just happen to be at the gas station or the grocery store or wherever, they see the lottery terminal flashing the current jackpots, and they decide to throw down a couple of dollars.  It's not that people would turn down a smaller jackpot, it's that they don't consider it a priority to play the lottery on a regular basis and they only think of it when their attention is drawn to it.

      Then there's the semi-regulars, the ones who keep an eye on the games all the time but only jump in at a specific point.  There are plenty of those right here on LP.  These folks are a harder nut to crack.  They're obviously not anti-gambling, and since they follow the games they can't make the excuse that they didn't realize Mega Millions was only at $12 million or the NY Lotto was only at $3 million or whatever.  These people probably are greedy and/or cheap as has been discussed thus far.  It's somewhat difficult to pin down what's really going through their heads as they tend to be evasive on the topic.  They might give you some line about how the odds of someone winning a jackpot are better when more people are playing, which is technically true, but it ignores the fact that your own personal odds depend solely on the number of tickets that you personally buy.  It is a fallacy to state that jackpots can only be won after they have rolled over multiple times; plenty of people have won jackpots that were at or close to their minimum.

      Lottery players (Semi-regulars) forced PB to change the old game matrix to meet their demand for a higher starting jackpot. They are doing the same with MM, a $12M starting jackpot is too low for them to part with $1.

      Money is a very powerful force in the universe whether it is use for Good or Bad.

      Mr. Warren Buffet( The Original THRIFTY) is using his money to Make the rich pay a higher tax. He is so THRIFTY that he has the word THRIFTY on his vehicle license plate.

      US Flag

      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

        NightStalker's avatar - 50logo
        East of Columbus, OH
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        December 28, 2011
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        Posted: April 8, 2012, 8:42 am - IP Logged

        The PB and MM get more news coverage and radio coverage the higher the jackpot gets, so lots of people don't play until they hear that the jackpot is 120 million.  Then they make the effort to go play.  Other than that, it's not important enough for them to go buy tickets on a regular basis.

        Life's Too Short To Be Unhappy Cool

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          NEW YORK
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          Posted: April 8, 2012, 8:46 am - IP Logged

          The PB and MM get more news coverage and radio coverage the higher the jackpot gets, so lots of people don't play until they hear that the jackpot is 120 million.  Then they make the effort to go play.  Other than that, it's not important enough for them to go buy tickets on a regular basis.

          Playing the lottery on a regular basis like a lab rat only benefits the lottery in the short run.

          US Flag

          PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

            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: April 8, 2012, 9:59 am - IP Logged

            Lottery players (Semi-regulars) forced PB to change the old game matrix to meet their demand for a higher starting jackpot. They are doing the same with MM, a $12M starting jackpot is too low for them to part with $1.

            Money is a very powerful force in the universe whether it is use for Good or Bad.

            Mr. Warren Buffet( The Original THRIFTY) is using his money to Make the rich pay a higher tax. He is so THRIFTY that he has the word THRIFTY on his vehicle license plate.

            The rich already pay most of the taxes that are collected in this country.

            Excuse me if my heart doesn't go all aflutter because Warren Buffet is feeling guilty about hoarding all that money all his life while people were starving all over the world. No one, at any point in his long, privileged life has ever prevented him from giving to charity or to the government if he so chooses. For him to say at this late date that all  wealthy people should be forced to give more of their money to the government is the height of hypocrisy. Where's he been all his life? Why did he wait til just before his dirt nap to get all touchy-feely and generous? He's a fraud.

            Am I all impressed that while hoarding all that money all his life that he still lives in a dumpy old house? Not hardly. It just shows that he's a typical cheapskate.

            A cheapskate with a guilty conscience.


                                                         
                                 
                                                     

             

             

             

             

                                                                                                               

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

                                                                                                        --Edmund Burke

             

             

              haymaker's avatar - Lottery-012.jpg
              Egg Harbor twp.south Jersey shore
              United States
              Member #112968
              June 29, 2011
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              Posted: April 8, 2012, 10:21 am - IP Logged

              The rich already pay most of the taxes that are collected in this country.

              Excuse me if my heart doesn't go all aflutter because Warren Buffet is feeling guilty about hoarding all that money all his life while people were starving all over the world. No one, at any point in his long, privileged life has ever prevented him from giving to charity or to the government if he so chooses. For him to say at this late date that all  wealthy people should be forced to give more of their money to the government is the height of hypocrisy. Where's he been all his life? Why did he wait til just before his dirt nap to get all touchy-feely and generous? He's a fraud.

              Am I all impressed that while hoarding all that money all his life that he still lives in a dumpy old house? Not hardly. It just shows that he's a typical cheapskate.

              A cheapskate with a guilty conscience.

              amen to that bro,

              I get tired of hearing about how buffet still lives in the same modest house he bought for $31,000 in 1958.

              modest my azz, in 1958 a modest house was $3100, some how that extra zero is never noticed.

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                OldSchoolPa's avatar - Lottery-057.jpg
                Gurnee, Illinois
                United States
                Member #49731
                February 12, 2007
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                Posted: April 8, 2012, 10:36 am - IP Logged

                Thanks, 'ridge. This does make sense. However, how much to spend isn't what I'm getting at. It's about when so many people decide that it's high enough for them to play. I assume they make so much money that several million won't help them...

                L.L.

                Well, from what I read here, there are two reasons people give for jumping in at a certain jackpot point:

                1) budget X only permits limited number of plays for jackpot games.  However, I bet many of these individuals are out at the casino pulling the slots, smoking $6+ a pack cigarettes and drinking a 12 pack of Bud Light most weeks, as well as popping in .50 plays in pick 3 and pick 4 games, so I don't buy that reasoning.

                2) given the dismal odds of winning the jackpot, those astute individuals would rather invest their money in their bank or broker.  No problem but you mean to tell me you can't spare $104 a year for MM and $208 a year for Powerball just to say you at least have a 1 in 176,536,611 chance of winning either jackpot?  I know everybody has some sort of vice that won't return a dime but costs over $300 a year. I know the cable TV subscribers, cigarette smokers, online porn addicts, beer drinkers, and fast food/dine out crowd will agree with me...and I didn't mention the poker players, golfers, adult recreation league participants, ES escorts seekers, long distance romance folks.

                I would be content with the $8 million MM minimum and $23 million Powerball minimum which is why I have a play in for every drawing.  And I still contribute to my 401k and IRA.

                Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

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                  CALI
                  Afghanistan
                  Member #118735
                  November 6, 2011
                  134 Posts
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                  Posted: April 10, 2012, 6:22 am - IP Logged

                  SERIOUS $$$ spent on Tickets

                  Our group has now spent almost $25, thousand dollars on the Ca Super Lotto since Aug 2011

                  we might stop playing when we hit 30 K and we have only won back about %15 percent of what was spent

                  For many of us, its not alot of money to drop $300-400 per month on this since its a hobby BUT there will come a point when we might say F$$K This <snip>

                  This post has been automatically changed by the Lottery Post computer system to remove inappropriate content and/or spam.

                    LottoGuyBC's avatar - Lottery-050.jpg
                    British Columbia
                    Canada
                    Member #116101
                    September 4, 2011
                    4033 Posts
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                    Posted: April 10, 2012, 6:58 am - IP Logged

                    There's a couple different kinds of occasional players.  There's the type that aren't in the habit of playing the lottery like we are, so it doesn't occur to them to go out and buy a ticket unless a record is being approached and the hype machine kicks in.  Either that or they just happen to be at the gas station or the grocery store or wherever, they see the lottery terminal flashing the current jackpots, and they decide to throw down a couple of dollars.  It's not that people would turn down a smaller jackpot, it's that they don't consider it a priority to play the lottery on a regular basis and they only think of it when their attention is drawn to it.

                    Then there's the semi-regulars, the ones who keep an eye on the games all the time but only jump in at a specific point.  There are plenty of those right here on LP.  These folks are a harder nut to crack.  They're obviously not anti-gambling, and since they follow the games they can't make the excuse that they didn't realize Mega Millions was only at $12 million or the NY Lotto was only at $3 million or whatever.  These people probably are greedy and/or cheap as has been discussed thus far.  It's somewhat difficult to pin down what's really going through their heads as they tend to be evasive on the topic.  They might give you some line about how the odds of someone winning a jackpot are better when more people are playing, which is technically true, but it ignores the fact that your own personal odds depend solely on the number of tickets that you personally buy.  It is a fallacy to state that jackpots can only be won after they have rolled over multiple times; plenty of people have won jackpots that were at or close to their minimum.

                    I Agree!

                    "You have to be in it to win it!"

                      tntea's avatar - Lottery-059.jpg

                      United States
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                      June 30, 2004
                      23641 Posts
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                      Posted: May 6, 2012, 6:21 pm - IP Logged

                      Cool I'll take the 12 Million... No questions asked..  and without complaining.. I promise.

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