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How Much Money Do You Spend Playing the Lottery in a Week?

Topic closed. 38 replies. Last post 3 years ago by psykomo.

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allwins's avatar - winifrid
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United States
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December 29, 2013
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Posted: February 7, 2014, 2:07 pm - IP Logged

How much money have you spent in a week/month/year playing the lottery?Type

Are your winnings (>) more than your investments?Let It All Out

Does the financial loss outweigh the winnings?I Agree!

What are your favorite games to play?Drum

How often do you play?Bed

Do you buy more tickets when the lotto grows to 100+Million status?Hyper

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    Member #149820
    December 9, 2013
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    Posted: February 7, 2014, 6:20 pm - IP Logged

    I just buy a ticket for every drawing I usually only play MM and PB anyways and sometimes my state cash 5 when it gets over 500k

      Lucky Loser's avatar - bucks
      Texas
      United States
      Member #86154
      January 30, 2010
      1649 Posts
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      Posted: February 7, 2014, 9:25 pm - IP Logged

      How much money have you spent in a week/month/year playing the lottery?Type

      Are your winnings (>) more than your investments?Let It All Out

      Does the financial loss outweigh the winnings?I Agree!

      What are your favorite games to play?Drum

      How often do you play?Bed

      Do you buy more tickets when the lotto grows to 100+Million status?Hyper

      I must say, these are some very good questions you ask. Every single of one them will define or decline on just how well a given system really works.

       

      1) If I answer this question, it'll cause great confusion among the masses...so I won't.
      2) Yes.

      3) No. (That's a trick question...it's just worded differently than question #2).

      4) Pick 4 because that's where the real money is.

      5) Whenever the numbers cater to what my system needs to produce the win. It's the smart and efficient way to play.

      6) Hell naaw! That type of strategy is for greedy folks who seem to think that the minimum jackpot amount can't fix their financial problems! With a game that large, buyin' more tickets is a waste of time and money because only a couple of tickets will match anyhow. I'd focus more on matching (5) numbers with the multiplier!

       

      L.L.

      Small games, frequent wins, and regular payouts 'cause.....

      There are seven days in the week...'Someday' isn't one of them.

      #lotto-4-a-living


        United States
        Member #150370
        December 20, 2013
        451 Posts
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        Posted: February 7, 2014, 9:30 pm - IP Logged

        I must say, these are some very good questions you ask. Every single of one them will define or decline on just how well a given system really works.

         

        1) If I answer this question, it'll cause great confusion among the masses...so I won't.
        2) Yes.

        3) No. (That's a trick question...it's just worded differently than question #2).

        4) Pick 4 because that's where the real money is.

        5) Whenever the numbers cater to what my system needs to produce the win. It's the smart and efficient way to play.

        6) Hell naaw! That type of strategy is for greedy folks who seem to think that the minimum jackpot amount can't fix their financial problems! With a game that large, buyin' more tickets is a waste of time and money because only a couple of tickets will match anyhow. I'd focus more on matching (5) numbers with the multiplier!

         

        L.L.

        I never knew u play cash 4. I  thought u played cash 3....

          allwins's avatar - winifrid
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          Posted: February 7, 2014, 10:00 pm - IP Logged

          Shelby, I just started playing the Lotto TX two months ago and seem to spend between $4-$5 each time I play.

          Similiar to your plays I wait until the PB and MB grows enormously before I play.

            allwins's avatar - winifrid
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            December 29, 2013
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            Posted: February 7, 2014, 10:40 pm - IP Logged

            Lucky Loser & Lottery Post Members,

             

            Great feedback, thank you. Before your response I never considered to play Pick 4 ... just not as attractive as the bigger payouts.

            So, you are an advocate of Quick Picks?

             

            ALLWINS

              weshar75's avatar - Lottery-042.jpg
              Mcminnville, Oregon
              United States
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              December 13, 2003
              3051 Posts
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              Posted: February 7, 2014, 11:00 pm - IP Logged

              I play mega millions twice a week for $2 so $4 a week and powerball I play $6 twice a week so $12.  So I spend less than $20 a week on mega millions and powerball combined about $16.  It keeps the dream alive that maybe I might win some day.-weshar75

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                United States
                Member #128790
                June 2, 2012
                5431 Posts
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                Posted: February 7, 2014, 11:25 pm - IP Logged

                How much money have you spent in a week/month/year playing the lottery?Type

                Are your winnings (>) more than your investments?Let It All Out

                Does the financial loss outweigh the winnings?I Agree!

                What are your favorite games to play?Drum

                How often do you play?Bed

                Do you buy more tickets when the lotto grows to 100+Million status?Hyper

                I spend about 5 bucks a month now on Florida Fantasy Five tickets.

                No, my winnings aren't more than my losses.

                Yes, the financial losses greatly outweigh the winnings with this very high matrix of 36 numbers, especially If one believes they will win the JP eventually.

                My favorite game to play is Pick-3.

                I play the pick-3 on hunches spending about a buck a day. Until I find a consistent system, I refuse to spend anymore.

                No, I don't buy more tickets when the JP rises. My astronomical odds of winning a JP does not improve when the stakes are higher.

                  LottoMetro's avatar - Lottery-024.jpg
                  Happyland
                  United States
                  Member #146344
                  September 1, 2013
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                  Posted: February 7, 2014, 11:27 pm - IP Logged

                  Like my signature implies, I see no reason to play terrible odds games like PB or MM unless their jackpot is significant (and even then, not really worth it).

                  Last year I spent about $800 on the lottery and ended up with a loss of $285. Only $18 of my winnings came from drawing games, yet I bought nearly 3 times as many draw tickets as I did scratch-off tickets. That should tell you a lot.

                  This year I haven't bought any tickets yet. Been a little too busy and waiting on some games to get juicy. When I do play, it's usually a couple times a month. I don't really buy more when the jackpots are at certain thresholds, but if they keep rolling into record territory I may buy a couple more than usual.

                  If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                  If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                  2016: -48.28% (13 tickets) ||
                  P&L % = Total Win($)/Total Wager($) - 1


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                    Posted: February 7, 2014, 11:37 pm - IP Logged

                    Like my signature implies, I see no reason to play terrible odds games like PB or MM unless their jackpot is significant (and even then, not really worth it).

                    Last year I spent about $800 on the lottery and ended up with a loss of $285. Only $18 of my winnings came from drawing games, yet I bought nearly 3 times as many draw tickets as I did scratch-off tickets. That should tell you a lot.

                    This year I haven't bought any tickets yet. Been a little too busy and waiting on some games to get juicy. When I do play, it's usually a couple times a month. I don't really buy more when the jackpots are at certain thresholds, but if they keep rolling into record territory I may buy a couple more than usual.

                    Like my signature implies,

                     

                    So winning 30 million is insufficient for you?

                    I'd be hysterical right now if I won a Million bucks take home, heck, a hundred grand even. ha 

                    It's nice to dream though. I know there's a 99.9% chance I won't win, so I don't dwell on it night and day. Crazy


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                      Posted: February 7, 2014, 11:42 pm - IP Logged

                      Like my signature implies, I see no reason to play terrible odds games like PB or MM unless their jackpot is significant (and even then, not really worth it).

                      Last year I spent about $800 on the lottery and ended up with a loss of $285. Only $18 of my winnings came from drawing games, yet I bought nearly 3 times as many draw tickets as I did scratch-off tickets. That should tell you a lot.

                      This year I haven't bought any tickets yet. Been a little too busy and waiting on some games to get juicy. When I do play, it's usually a couple times a month. I don't really buy more when the jackpots are at certain thresholds, but if they keep rolling into record territory I may buy a couple more than usual.

                      If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                      Your signature above.

                       

                      The problem with that logic is that the payoff is TOTALLY dependant on the odds. And when the odds are beyond rediculous, practically untouchable, the prospect of a real payoff is almost non-existent.

                        LottoMetro's avatar - Lottery-024.jpg
                        Happyland
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                        Posted: February 8, 2014, 12:01 am - IP Logged

                        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the payoff does.

                        Your signature above.

                         

                        The problem with that logic is that the payoff is TOTALLY dependant on the odds. And when the odds are beyond rediculous, practically untouchable, the prospect of a real payoff is almost non-existent.

                        Exactly. Which means you shouldn't play. So, if I AM going to play, at the very least it should be when the payoff is signficant. It's like the lesser of two evils.

                        If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                        If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                        2016: -48.28% (13 tickets) ||
                        P&L % = Total Win($)/Total Wager($) - 1


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                          Posted: February 8, 2014, 12:06 am - IP Logged

                          Exactly. Which means you shouldn't play. So, if I AM going to play, at the very least it should be when the payoff is signficant. It's like the lesser of two evils.

                          it should be when the payoff is signficant.

                          What part of what I wrote earlier didn't you understand?


                            United States
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                            Posted: February 8, 2014, 12:11 am - IP Logged

                            Exactly. Which means you shouldn't play. So, if I AM going to play, at the very least it should be when the payoff is signficant. It's like the lesser of two evils.

                            It's like the lesser of two evils.

                            You seemingly claim in your recent replies to me that even though you know your chances of winning doesn't increase when waiting for a bigger payoff, in your very next sentence you write how that behavior is so beneficial. Which one is it?

                            Do you even get it?

                              LottoMetro's avatar - Lottery-024.jpg
                              Happyland
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                              Posted: February 8, 2014, 12:13 am - IP Logged

                              it should be when the payoff is signficant.

                              What part of what I wrote earlier didn't you understand?

                              Sounds like you are the one misunderstanding.

                              For a player, it doesn't matter that the prospect of realizing the payoff is non-existent. If they are going to play in a negative situation, the most logical option other than not playing is playing in the least negative situation. Hence playing during higher payoff situations.

                              I could also go into the maths of expectation values and variances and such, but I won't bore you with that.

                              As far as being happy winning $30 million, sure I would. Just not on PB or MM, where that size prize does not justify the odds. My state lottery, absolutely.

                              If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
                              If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

                              2016: -48.28% (13 tickets) ||
                              P&L % = Total Win($)/Total Wager($) - 1