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How many people are not sure how much they spend on the lottery?

Topic closed. 64 replies. Last post 5 years ago by IPlayWeekly.

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United States
Member #111442
May 25, 2011
6323 Posts
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Posted: June 3, 2012, 9:56 pm - IP Logged

Hi mcginnin56,

I liked your statement and also feel the same at times.

Thanks shyguitar. I think it's OK to put a gun to your head, as long as you don't pull the trigger!  Yes Nod

    Boney526's avatar - NjlpLogo
    New Jersey
    United States
    Member #99032
    October 18, 2010
    1439 Posts
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    Posted: June 3, 2012, 10:13 pm - IP Logged

    There was recently a BJ player in A.C. the beat a couple casinos for millions,

    he said you you need a large bankroll and have to be a excellent player.

    some casinos have banned him.

    When I said with a most of the time, I was referring to him.  But he didn't beat the casinos through comps or counting, he did so through special rules the casino gave him, which allowed him to take advantage of variance to get ahead.

     

    In fact, after he did this for millions, many people in the advantage play community explained that they used the same techniques on a much smaller scale, and sometimes on games other than BJ to build their bankrolls quickly.

     

    Basically, he was playing a near zero edge game (the edge was about .19%, if I remember right) BUT if he lost $500,000 in a day, he'd only owe $400,000.  He always cashed out for the day if he was behind enough to qualify, and this allowed him to beat the game simply by having his bad days count less.  Really, I don't know who was incompetent enough to give him, or anyone else, this offer, but he took advantage of it. 

     

    That type of thinking is inherent, though, in an advantage player.

     

    None of those casinos banned him, they just won't offer those rules anymore (for obvious reasons).  In fact quite a few invited him back.

      haymaker's avatar - Lottery-012.jpg
      Egg Harbor twp.south Jersey shore
      United States
      Member #112968
      June 29, 2011
      3854 Posts
      Offline
      Posted: June 3, 2012, 11:25 pm - IP Logged

      When I said with a most of the time, I was referring to him.  But he didn't beat the casinos through comps or counting, he did so through special rules the casino gave him, which allowed him to take advantage of variance to get ahead.

       

      In fact, after he did this for millions, many people in the advantage play community explained that they used the same techniques on a much smaller scale, and sometimes on games other than BJ to build their bankrolls quickly.

       

      Basically, he was playing a near zero edge game (the edge was about .19%, if I remember right) BUT if he lost $500,000 in a day, he'd only owe $400,000.  He always cashed out for the day if he was behind enough to qualify, and this allowed him to beat the game simply by having his bad days count less.  Really, I don't know who was incompetent enough to give him, or anyone else, this offer, but he took advantage of it. 

       

      That type of thinking is inherent, though, in an advantage player.

       

      None of those casinos banned him, they just won't offer those rules anymore (for obvious reasons).  In fact quite a few invited him back.

      Yes, that sounds far more accurate than what i said,

      the devil is in the details,

      i think you got the details.

       

      Thanks.

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

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        United States
        Member #122468
        February 1, 2012
        530 Posts
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        Posted: June 4, 2012, 8:16 am - IP Logged

        Hi Shy..

        I have had a few small wins with Lucky For Life.  I've had the "lucky ball" on two separate ocassions, which I think was good for 4 bucks each time.    I think I had one number and the lucky ball too, but I cant remember!!  Old age I guess.  I just took the winnings and played L4L again.

        Yeah $25,000 for second place isnt all that great of a prize, but I'd certainly take it and be very glad to have it.

        One thing I do know about L4L is this: IF I was ever so lucky to win the top prize, it wouldnt be me cashing the ticket in.  I'd give it to my daughter and have her cash it.  She's 22, so the prize would still be paid out long after I'm dead and gone.

        I've checked The NYS Lottery website, and yes, they do tell you if there are any top prizes left on any given scratcher.  They only update their list weekly though.  So there could be a short interval of time when the top prize is not available and you wouldnt know it.  Also, I'm told they remove scratchers from the stores when all top prizes have been won, so that should help to prevent people from buying a ticket where there arent any top prizes available.

        Keep playing.  Be patient, dont expect to win, or at the very least, keep your expectations of winning big money to a minimum.  You wont be disappointed if you do that.  That's what keeps me from getting frustrated.  I've read about big winners, and I've seen one common statement that most of them make.  It's "I never thought I'd win in a million years."  Most big winners have played regularly for many years, and won only small prizes. Always remember to bet with your head and not over it.  If The MM or PB jackpot is big, and I havent got a few bucks to spare, then I just say to myself "Oh well.  Maybe I'll get to play next time."  And lemme tell ya, there's been quite a few occasions when I didnt get to play because I was broke. 

        That's the other nice thing about my subscription. Because I paid in advance for it, even if I'm broke, I know I'm still going to be in the next Lotto drawing.

        Have fun playing!  And good luck to you!

        Hi GiveFive,

        That's good to hear about you having a few small wins on the L4L game. In terms of giving your daughter the ticket if you win the jackpot I believe that the lottery would just have that money go to your estate upon your death.

        It's good that you checked your NY Lottery website, my state of Mass also say they remove the tickets when all the top prizes have been won.

        I will take your advice about being patient and keeping my expectations of winning big money to a minimum. Up until this past week I was always hoping for the jackpot prize on scratchers (and the 2nd place prize on PB and MM). Now realize that I would be happy with almost any decent win. One thing I really don't like is that if you win more than 600 dollars you are taxed on it and have to go to Lottery Headquarters to turn in your ticket. That's why I would prefer to win 500 dollars over a thousand since that way I could just cash the 500 dollars without the taxes having to be paid on it.

        You said that most people who are big winners played for years and won small prizes, I'm always happy to hear of someone in that instance finally getting their due but lately I keep hearing about people who played for the first time and won big (maybe some people just have good luck).  I just wish the lotteries could pay out more to people. It seems that when I do win on a ticket it's usually just for the amount of the purchase price of that ticket. I also notice that when I don't win a scratcher it seems that all the prizes on it were high ones.

        Thanks for saying have fun playing (sometimes I feel as if the lottery has taken over my life and that's not a good thing, lol). Good luck to you as well.

          IPlayWeekly's avatar - avatarmoney
          Columbus, Ohio
          United States
          Member #128906
          June 5, 2012
          591 Posts
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          Posted: June 5, 2012, 10:02 am - IP Logged

          My budget is $14 weekly (been playing for just 2months)

          Mega - 10 tickets

          PB - 2