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Author Topic: Powerball Up to $0.9 Billion: Will You Be Playing?  (Read 6761 times)

Offline Morfy (OP)

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Powerball Up to $0.9 Billion: Will You Be Playing?
« on: January 10, 2016, 08:54:57 PM »

Hey all,


Normally, I don't care about playing the lottery, usually.  Once or twice a year when the jackpot gets crazy high, like, above $250 Million, I might lay down a few $$. 


I have a decent grasp of mathematics, on one hand, on the other, you WILL NOT WIN if you don't play.


So I just upped my odds of winning to: A Quarter-Billion to FIVE (I bought 5 tickets, or $10 worth).


Are you ignoring common sense too and playing?  If so, how much are you dropping down?







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Offline Narkotikon

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #1 on: January 10, 2016, 09:03:50 PM »
I just went up town to buy five tickets too. I think the jackpot is 900M, if you choose the lump sum it goes down to like 585M, then after taxes you'd get like 414 M. That what a recent news article I read online said.

I played on Wednesday night too, five tickets. And then the day after Christmas, five tickets. So I'm in for $30 this cycle.

I don't normally buy lottery tickets of any kind. But when the Powerball gets in the hundreds of millions, I usually buy a few tickets. Sure, I probably won't win, but I can dream.
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #2 on: January 10, 2016, 10:06:02 PM »
My s/o has...I myself have not purchased any...but he has and is involved with several groups who are pooling together...

Offline Thoms

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #3 on: January 10, 2016, 10:39:40 PM »
I Dont normally play but, if I were going to, I would spend more money on the small pots. The chances of winning are just outrageous. 
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #4 on: January 11, 2016, 12:49:58 AM »
I'm the same as you guys, I barley play except for when the money is up there, or I catch a lottery pool on time. I do buy scratch offs if I'm waiting for the bus and I have time to bullshit with the homies at the bodega.

I got to hear all of their "if i won the powerball..." stories before and one guy cracked me up, said he was going to buy uber ...lmfao whaaa? Hey whatever floats your boat.

All day that's been what the office and patients were talking about, and actually the most common thing I heard was "take care of my family and give to charity "... Gave me faith in our species :)



« Last Edit: January 11, 2016, 12:53:15 AM by St. Theresa »
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #5 on: January 11, 2016, 06:04:47 AM »
A word of advice from a former "professional" gambler:

If you are going to buy lottery tickets, avoid the games with huge "progressive" jackpots that EVERYONE is playing in favor of the games that offer life-changing , but not insane jackpots. The difference in chage of lifestyle between 10 million and 100 million probably insn't that much and you are more likely to win the whole prize of the average large lottery than an outsized, attention-grabbing lottery.

Here is the reasoning: The larger the jackpot, the more tickets are sold and the less chance you will have of winning it all, meaning, the higher chances become that IF you win you will have to split the jackpot with many other winners moreso than the playing for the "average" jackpot.

That being said, lotteries are some of the WORST ways to gamble given the long odds but a couple of doallars to make that big win possible is not a bad entertainment value.

Another lottery tip: when choosing numbers you will be less likely to have to share a jackpot if you shift the balnance of your number choices to numbers ABOVE 31 and especially above 12. This is because most people who have favorite numbers include a birthdate or birth dates in their choice and all numbers you can choose hae the same odds of being picked. The idea is to increase the value of your ticket should you win without increasing the risk you have taken.





EDIT: After I wrote this I stumbled on this article that offers more tips about picking numbers to be less likely to win only a split jackpot. Because it went unclaimed last night and will re-draw for $1.3B Wednesday I've decided to add it:

http://www.cnbc.com/2016/01/09/powerball-is-worth-900m-heres-how-not-to-share.html




« Last Edit: January 12, 2016, 06:08:51 PM by DeadCat »

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #6 on: January 11, 2016, 03:08:18 PM »
   Yes, I got 5 for myself. I let friends in Netherlands and Vietnam choose their own numbers. I will do it again Wednesday.
    For the friends in Vietnam it is a "Y-U-G-E" amount. I told them it is just fun to dream.
            Jethro

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #7 on: January 11, 2016, 07:42:03 PM »
I'll buy a few more when I go out tomorrow or Tuesday to run errands. It's up to 1.3 Billion now. 806M cash value I think. Probably in the 600M range after taxes.

I agree the best part of this is the entertainment value. I personally prefer to buy the tickets a day or two in advance of the drawing. More time to dream. If it weren't snowing right now I'd go in town to buy them tonight.

I wouldn't do anything crazy if I won. Pay off my student loans and other debts, give my mother and sisters either a small lump sum or trusts, build a house in a really nice part of town designed to my liking, furnish and decorate it to my liking, buy some autos, buy some clothes and other things, have some minor cosmetic surgery, travel whenever I wanted, and possibly go back to school just for fun (not really to earn another degree).

That's about it. Oh, and set up some type of financial situation whereby I could live quite comfortably off the interest, while the principal was securely invested and working for me.

Dreams.
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Offline Morfy (OP)

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #8 on: January 11, 2016, 11:11:08 PM »
WOw, so it up to $1.3B--prolly closer to $1.5B by Wednesday.


Totally agree with your POV Dead-C, but for me to haul my ass to a casino is a pain.  going to the Quick-E-Mart and dropping a few beans, is simpler.


I really wish even the Powerball wouldn't have such large, insane jackpots, but maybe mutiple winners of $5M each, or something like that.


Cheers, and good luck to all my FRIENDS who win on Wednesday!!
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Offline Thoms

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #9 on: January 11, 2016, 11:54:12 PM »
Ya know I was surprised to read about how the odds of hitting the jackpot are always the same and only the chances of being the sole winner change with the number of tickets bought. It does make sense though as the number of possible number combinations stays the same. It's odds are about 292 million to one.
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #10 on: January 12, 2016, 06:50:27 AM »
$ 900 M ... i can't imagine how i'd unload that sort of loot but would check out the philanthropic angle ... wow.
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #11 on: January 12, 2016, 05:30:28 PM »
Hate to say it but I'd probably end up dead with that kinda cash.

So I don't play...It is fun to think about tho. Kat

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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #12 on: January 12, 2016, 05:58:17 PM »
While in general I agree with DeadCat, I also go by the old rule, "Ya gotta be in it to win it."
With that in mind, I occasionally pick up a ticket or two.
It doesn't have to be a big prize. I just have to be desperate for bucks and have a buck that won't make a difference anyway.
I'll be in with one ticket.

I can't see spending more at this point: if I'm lucky, I'm lucky.

Quick Picks seem to win most of the time.

Could you imagine being able, overnight, to spend as much money as Trump on the upcoming election?
(How did you blow the biggest lottery jackpot in history?)

I think it would be a lot of work to disburse that much money without doing a lot of damage.
But someone's gonna have to do it...
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #13 on: January 12, 2016, 07:31:58 PM »
Yeah, I got one ticket. $2 ain't much, but you definitely CANNOT win if you don't buy a ticket! I think that's what gets most people in on it. I still definitely won't win, but I have a ticket.
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Re: Powerball Up to $0.9 Billion: Will You Be Playing?
« Reply #14 on: January 13, 2016, 12:12:10 AM »
I'm getting my 2 tickets tomorrow. I don't think I'll get five more.

..........................

@Dhedmo:

Can you imagine if that Powerball winner was a much more likable person, used all that money to run, and actually beat Trump? He'd be insanely furious. LOL
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