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Well, I guess we might get a billion dollar jackpot soon for PB!

Topic closed. 8 replies. Last post 4 months ago by TheMeatman2005.

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Posted: July 24, 2016, 11:40 am - IP Logged

I think that the Powerball jackpot willl be  $1.5 Billion pretty soon!



What do you think!

    Romancandle's avatar - moon
    Upacreek
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    Posted: July 24, 2016, 11:55 am - IP Logged

    Maybe... I suppose if it can rollover as much as MM did during its last record stretch.

    Frankly, I'm not a big fan of the billion $ JP... Takes longer for non regular players to jump in and play to get the JP moving again.

    -RC

      zephbe's avatar - animal butterfly.jpg
      South Carolina
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      Posted: July 24, 2016, 12:57 pm - IP Logged

      Some people seem to think their odds of winning increase as jackpots increase.  Why is that?

        LottoMetro's avatar - Lottery-024.jpg
        Happyland
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        September 1, 2013
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        Posted: July 24, 2016, 1:26 pm - IP Logged

        I think that the Powerball jackpot willl be  $1.5 Billion pretty soon!



        What do you think!

        I think this is a premature expectation. Based on sales and interest rates, by my estimates it would be about 10 rollovers out

        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

          Kingofearth's avatar - Kinnak
          Upstate NY
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          Posted: July 24, 2016, 2:55 pm - IP Logged

          Some people seem to think their odds of winning increase as jackpots increase.  Why is that?

          How often do you see someone win a under 100 Million jackpot? Tiny jackpots rarely have a winner and even more rarely get any media coverage.

            zephbe's avatar - animal butterfly.jpg
            South Carolina
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            Posted: July 24, 2016, 2:59 pm - IP Logged

            How often do you see someone win a under 100 Million jackpot? Tiny jackpots rarely have a winner and even more rarely get any media coverage.

            More people play when the jackpots are larger--that doesn't change the odds--just increases the number of tickets sold.

            Every champion was once a contender who refused to give up.-Rocky Balboa

            “Don’t let someone who gave up on their dreams talk you out of going after yours.” – Zig Ziglar

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              South Carolina
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              Posted: July 24, 2016, 5:11 pm - IP Logged

              I think that the Powerball jackpot willl be  $1.5 Billion pretty soon!



              What do you think!

              NO !!!    I DOUBT it !!!

                Kingofearth's avatar - Kinnak
                Upstate NY
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                Posted: July 24, 2016, 6:47 pm - IP Logged

                More people play when the jackpots are larger--that doesn't change the odds--just increases the number of tickets sold.

                But to the average occasional player, it does seem like it changes the odds.Most people are not math experts, probability is one of those things that no cares about after they graduate high school.

                  TheMeatman2005's avatar - lightening
                  Brooklyn, NY
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                  October 29, 2015
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                  Posted: July 25, 2016, 8:44 am - IP Logged

                  I think that the Powerball jackpot willl be  $1.5 Billion pretty soon!



                  What do you think!

                  It's only possible if there is no winner and it keeps rolling.

                  As the jackpot increases, so do sales. That increases the chances of someone hitting as well as feeding the jackpot fire. If no winner, see line above.

                   

                  Rule #1. The boss is always right!

                  Rule #2. If the boss is wrong, see rule #1

                  The Meatman

                  “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

                  Winning happens in a flash, Like A Bolt Of Lightning!  Patriot