$540 Million Lottery
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- albums0
$640m lump sum after taxes gets you down to $347m
identity:
payout: $347m / 75 = $4.6m ea
odds: 1 in 2,346,666.67slinky:
payout: $347m / 14 = $24.8m ea
odds: 1,257,142.86odds are based on all tickets having unique # combinations of each of them
- albums0
identity's correct odds are 1 in 477,333.333
my original calculation didn't include the 5 each
- scarabin0
i'd go to space.
- :Dmonospaced
- I'll leave this here just in case you win
http://www.virgingal…albums - yep. so would I.dbloc
- monospaced0
I'd buy QBN
- effectively making it worthless.albums
- I would address moderation and spam concerns, and would work on improving the EC.monospaced
- sounds like a huge waste of time. good luck.CanHasQBN
- JayCee0
I would invest $530 million into Hookers and Blow... then probably just waste the rest on stupid shit.
- out of the gate, you'll be in the hole $183m you won't be able to afford any more "stupid shit"albums
- ok, rainman, give him a breakmonospaced
- Who the fuck let the accountant in here?JayCee
- spot130
FYI: Buying more than 1 lottery tickets does not increase your odds of winning. You can buy 1 or 1000 tickets and your the odds stay exactly the same: 175711356 to 1. The lottery is truly a tax for people who can't do math.
- Dumbest thing ive ever read.CygnusZero4
- think about it, its truespot13
- Your odds for each number set individually stay the same. But since your number of set increase, so do your overall odds.404NotFound
- odds.404NotFound
- spot130
If you buy 10 tickets you have 175,711,526 chances of not winning. So you have improved your chances of not winning from
99.99999943088540299368847359003... to 99.99999430885402993688473590032...
This represents an improvement of
.00000512203166455910240060177%
and your odds of winning stay the same
- albums0
you're funny, if not misguided, spot13.
- this is why the tax is so successful. I buy 1 ticket and I have as much a chance of winning as Chris Singletonspot13
- http://www.businessi…spot13
- CALLES0
i would buy the elections
- spot130
It's not a raffle, if there was 100 tickets and you buy 10, you have better odds than someone with 1 ticket. Because potentially a number can be drawn that does not exist, you don't increase the odds when you buy more than 1 ticket.
- you increase your odds...not the odds in general.dbloc
- for each ticket you buy, your odds of winning the jackpot are the same for each onespot13
- BUT, you have MORE of them. Sorry your logic doesnt make sense.CygnusZero4
- it does make sensespot13
- unless you buy every combination ensuring you have every possible outcome, your odds of winning stay the samespot13
- Derp.404NotFound
- akrok0
ah, what a hell. i spend 1 buck on this. ;-)
- albums0
there are a set number of outcomes in any lottery, by increasing the sets you control, you increase your personal overall odds. as far as buying every combination, that is possible, both financially & physically. If that is done, the individual or collective has guaranteed a win, they are only not guaranteed the total prize amount. their odds of wining effectively become 1:1 with a much higher financial investment. that is why the math only works after a certain amount has been reached to cover the cost of the investment.
- in summary, your odds do increase as you purchase more unique ticket sets.albums
- your odds of losing increase with every ticket you buy... you odds of winning only change when you buy every possible combinationspot13
- If you have more combinations of numbers doesn't that increase your odds of winning?DrBombay
- //Yo, Bookworm, I'm talkin to you!DrBombay
- DrBombay0
The US Government could use lotteries as a revenue source to cut the deficit. Look at how much loot this has been raising. I bought five tickets due to peer pressure from my work people.
- albums0
In the lottery, you pick 5 different numbers from 1 to 56, & a sixth number from 1 to 46, which could be a duplicate of one of the first five. This works out to:
56C5 * 46 = 3819816 * 46 = 175,711,536
that's all it takes to buy every combination. if the payout after taxes is over the investment that GUARANTEES a win and a few other smaller payouts as well. so $640m is well sufficient with a lump sum payout of $374m to cover the $176m investment
the risk is in having to share it
when i say the odds of wining are 1 in 175,711,536 that means the odds of losing are 175,711,535 in 175,711,536. technically according to the laws of math, your chances of losing can only decrease the more tickets you buy.
- dbloc0
- !albums
- spot explains lottery oddsdbloc
- lol, I'd hit it... on another note I'm starting a lottery for QBN, tickets are $5 / eachspot13
- paypal me, I'll send you your ticketsspot13
- Wait did he say THAT was beautiful?CygnusZero4
- ?spot13
- And spot doesn't care if QBN buys 1 ticket or 1000 tickets for his lottery.404NotFound