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Wasted lottery spendings.. Try this!

Topic closed. 6 replies. Last post 4 years ago by Lucky Loser.

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Minnesnowta
United States
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March 27, 2012
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Posted: June 14, 2012, 4:33 am - IP Logged

Temptation is hard... I know. Everybody would love to win millions off a buck or two.. We get it. After you look at the odds though.. Well I dont. No matter how optimistic you are...Get real.

Anyways. Experience 1.
My friend told me to pocket every dollar I was going to spend on the lottery for 1 month. Well, besides a couple "must buys" i managed to pocket over 300 dollars(sad I know). He said, "Now go to a black jack table and put that all down on one hand in high stakes."

And I won.. The prior month I won 8 dollars on $300.00 plus spending. Goes to show. Spending more then a dollar or two is a waste of $$.

Try it some month. You'd be surprised. Don't get caught up in the dreams.

Making dreams on a 1-175 million chance...

Fools we are.

    BobP's avatar - bobp avatar.png
    Dump Water Florida
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    June 5, 2002
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    Posted: June 14, 2012, 6:40 am - IP Logged

    Shot gunning money at the lottery is a waste of time and money.  However staking out a 15 number range of a smaller game like Pick-5 can work when draws like last night's Florida 5/36 06/13 come in 25-27-28-31-34 and while draws like this are fairly rare three or four numbers falling into the range does happen more often.

    06/03/2012 17-21-22-26-34
    06/08/2012 02-24-27-29-30

    BobP

      maximumfun's avatar - Lottery-030.jpg
      Lavender Rocket

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      March 16, 2012
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      Posted: June 14, 2012, 7:55 am - IP Logged

      PTW - would you have felt differently if you had LOST the single hand of high stakes black jack?

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        Kentucky
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        February 14, 2006
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        Posted: June 14, 2012, 9:24 am - IP Logged

        PTW - would you have felt differently if you had LOST the single hand of high stakes black jack?

        When that happens, they'll start a new topic "Wasted Blackjack spendings".

          RJOh's avatar - chipmunk
          mid-Ohio
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          March 24, 2001
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          Posted: June 14, 2012, 9:46 am - IP Logged

          When that happens, they'll start a new topic "Wasted Blackjack spendings".

          Are you saying the topic has never been started because no one has ever wasted money playing blackjacks?

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

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            Kentucky
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            Posted: June 14, 2012, 11:44 am - IP Logged

            Are you saying the topic has never been started because no one has ever wasted money playing blackjacks?

            I can understand if someone is losing $300 a month playing the lottery why they might be better off saving the money, but betting that savings on an even money wager just doesn't make any sense. It looks like the reason for betting the $300 in weekly installments on PB and MM in the first place was to win millions or even $10,000. Betting $300 to win $300 isn't even in the same ballpark with betting $300 several times to win millions.

            People play lottery games because of the payoff odd and very few actually look at their odds against winning. With PB, a player would have to spend $64 a drawing before they can expect to win anything and that "win" will probably be $4 or $7.

            Unless you're a professional poker player, play the sports books, or maybe betting on the ponies, casino gambling and lottery games should be considered entertainment. And winning or losing $300 in a minute or less playing one hand of blackjack is not what I call being entertained. The players spending $12 a week playing two tickets on MM and PB in each drawing can easily justify that as part of their yearly entertainment expense.

            There will always be someone who will say anything somebody else spends their money on is "a waste of money". I'm not saying making a once a month $300 blackjack bet is a waste of money; just saying betting $300 a month on an average $10 daily installment to win millions is on the opposite side of the gambling spectrum compared to trying to win even money on a one time bet.

              Lucky Loser's avatar - bucks
              Texas
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              January 30, 2010
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              Posted: June 14, 2012, 1:19 pm - IP Logged

              I can understand if someone is losing $300 a month playing the lottery why they might be better off saving the money, but betting that savings on an even money wager just doesn't make any sense. It looks like the reason for betting the $300 in weekly installments on PB and MM in the first place was to win millions or even $10,000. Betting $300 to win $300 isn't even in the same ballpark with betting $300 several times to win millions.

              People play lottery games because of the payoff odd and very few actually look at their odds against winning. With PB, a player would have to spend $64 a drawing before they can expect to win anything and that "win" will probably be $4 or $7.

              Unless you're a professional poker player, play the sports books, or maybe betting on the ponies, casino gambling and lottery games should be considered entertainment. And winning or losing $300 in a minute or less playing one hand of blackjack is not what I call being entertained. The players spending $12 a week playing two tickets on MM and PB in each drawing can easily justify that as part of their yearly entertainment expense.

              There will always be someone who will say anything somebody else spends their money on is "a waste of money". I'm not saying making a once a month $300 blackjack bet is a waste of money; just saying betting $300 a month on an average $10 daily installment to win millions is on the opposite side of the gambling spectrum compared to trying to win even money on a one time bet.

              Nice break down as always, Stack. This is about the total money at stake, the odds, and most of all, the total opportunities available to win that money back. With PB, I'm all but guaranteed to lose my money many times over until, or, unless I get lucky. BJ is one to one and dollar for dollar where the odds of winning, or, getting your money back on the next play (hand) are very good. Same with Roulette.

              Look at Craps and how many numbers are involved. Stay away from (7) and you can move lots of money on just a few rolls for the money you bet...simple. Hit a 30 to 1 or 15 to 1 and I stop rollin'. Discipline.

              I think most people really don't grasp the concept and relationship of odds, cost, and opportunities per dollar spent on each chance. A really good gambler knows exactly how much they can lose before they have to win and actually make money...and this only proportionate with the best odds.

               

              L.L.