Is it smart to spend more on extremely large jackpots?Prev TopicNext Topic

• Poo Nanny

  

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  May 16, 2013, 9:32 pm

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  I was thinking about this today before I purchased some tickets. When large jackpots come up like his one, I usually buy more than my usual number of tickets. As I was waiting to purchase my tickets, I thought maybe I should be spending the extra money when the jackpot is in the 250 to 350 million range. When the jackpot gets in the extremly large amounts,  you are more likely to split if you get lucky and win. However, I noticed the jackpots in the 250 to 350 million range tend to have single winners. If I am going to spend the extra money should I do it when my actual payoff is more likely going to be larger
• noise-gate

  

  * In hot pursuit of $ *

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  May 16, 2013, 10:49 pm

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  In response to Poo Nanny

  Quote: Originally posted by Poo Nanny on May 16, 2013

  I was thinking about this today before I purchased some tickets. When large jackpots come up like his one, I usually buy more than my usual number of tickets. As I was waiting to purchase my tickets, I thought maybe I should be spending the extra money when the jackpot is in the 250 to 350 million range. When the jackpot gets in the extremly large amounts,  you are more likely to split if you get lucky and win. However, I noticed the jackpots in the 250 to 350 million range tend to have single winners. If I am going to spend the extra money should I do it when my actual payoff is more likely going to be larger

  Would not change the Odds.Here is why-One winner out of millions of players.

  $338M lottery winner says he feels 'pure joy'

  

  AP Photo: Julio Cortez. US immigrant wins Powerball jackpot: Pedro Quezada, who won $338 million in the Powerball jackpot, appears in Lawrenceville, N.J. on March 26, 2013. IMAGE
• rdgrnr

  

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  May 17, 2013, 12:10 am

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  40 Million or 700 Million, it don't make no nevermind to me.

  I don't get all crazy.

  Wouldn't be prudent.
• SergeM

  

  Economy class
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  May 17, 2013, 9:34 am

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  You won the lottery when you kept all your teeth until you blow out your last breath. Money makes happy only you shouldn't spend it on unhealthy things.
• BreakingBad94

  

  Alpharetta, GA
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  May 17, 2013, 1:56 pm

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  Im sure it is smart to spend on more tickets, especially with this prize. I plan on actually playing PB, I actually dispise it because of its ripoff cost. In total I plan on spending $30. $20 own #'s, $10 QP. We shall see what happens.

  "You are a wealthy man now. One must learn to be rich. To be poor, anyone can manage. " -- Gus Fring from Breaking Bad
• savagegoose

  

  adelaide sa
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  May 17, 2013, 2:19 pm

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  say there was a 10 horse race, and you could put  $1 on and win the pot.  the pot starts at $1.  it wouldnt be such a great  bet, but if the pot  rose to $10 , then just maybe its a fair bet. if the pot rose to $20, then its a great bet.

   

  this is  great bet

  " Still swinging, still missing "
  2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = -1257 ; 2018 = - 1380 =  TOT =  - 6233

  keno historic = -2291 ; 2015= -603; 2016= -424; 2017 =-427; 2018= -223   TOT = -3968

  :
• rdgrnr

  

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  May 17, 2013, 4:58 pm

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  In response to SergeM

  Quote: Originally posted by SergeM on May 17, 2013

  You won the lottery when you kept all your teeth until you blow out your last breath. Money makes happy only you shouldn't spend it on unhealthy things.

  Ain't nobody got many teeth where I live.

  And I got a theory about that. 

  It's the long beards that cause it.

  They create a gravitational vacuum that sucks all the varnish outta your teeth and drains it down into your beard.

  I told the dentist that down the mountain at the feed store and he said that was the stupidest dadblamed thing he ever heard in his whole life.

  He thinks he knows everything.

  But he don't know nothin'.
• SergeM

  

  Economy class
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  May 17, 2013, 5:28 pm

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  In response to rdgrnr

  Quote: Originally posted by rdgrnr on May 17, 2013

  Ain't nobody got many teeth where I live.

  And I got a theory about that. 

  It's the long beards that cause it.

  They create a gravitational vacuum that sucks all the varnish outta your teeth and drains it down into your beard.

  I told the dentist that down the mountain at the feed store and he said that was the stupidest dadblamed thing he ever heard in his whole life.

  He thinks he knows everything.

  But he don't know nothin'.

  
• EZMoney

  

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  May 17, 2013, 5:38 pm

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  Mathematically, the powerball jackpot is now high enough where you get +EV from playing any amount of tickets.  So the answer is yes.  This $600M jackpot is one of the few, rare instances where it is a smart bet to play the lottery.

  http://www.lotterypost.com/thread.aspx?tp=168590&q=ezmoney+powerball&rp=search&get=960653
• RJOh

  

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  May 17, 2013, 5:59 pm

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  I keep records of all the combinations I play and sometimes of the ones I might have played had I played more.  In 80% of the cases when I win anything, it's in the first 10 lines.  Usually any lines I play in addition to the first ten is a waste of money. 

  In spite  of that knowledge I still usually play 20 lines.  If I play PB this weekend I will limit myself to 10 lines because of the $2 ticket price.

   * you don't need to buy every combination, just the winning ones * 

         
  
• redhot7

  

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  May 18, 2013, 5:05 am

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  your odds of winning when buying one ticket is about 1 in 175 millions or 0.00000057%. You are going to need to buy 1.75 millions tickets just to increase the odds to 1%.
• dallascowboyfan

  

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  May 18, 2013, 8:30 am

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  Don't break the bank all it takes is one ticket.

  I Love Pink & Green 1908
• dallascowboyfan

  

  Oklahoma
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  May 18, 2013, 8:32 am

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  In response to rdgrnr

  Quote: Originally posted by rdgrnr on May 17, 2013

  Ain't nobody got many teeth where I live.

  And I got a theory about that. 

  It's the long beards that cause it.

  They create a gravitational vacuum that sucks all the varnish outta your teeth and drains it down into your beard.

  I told the dentist that down the mountain at the feed store and he said that was the stupidest dadblamed thing he ever heard in his whole life.

  He thinks he knows everything.

  But he don't know nothin'.

  

  I Love Pink & Green 1908
• helpmewin

  

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  May 18, 2013, 8:38 am

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  In response to dallascowboyfan

  Quote: Originally posted by dallascowboyfan on May 18, 2013

  

  i think it's more like this