# Lottery tickets?!

Discussion in 'Business & Economics' started by parmalee, Dec 12, 2019.

1. ### DaveC426913Valued Senior Member

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14,191
Faulty analogy.

You're counting oceans. In a lottery, you're counting the buckets.

3. ### sideshowbobSorry, wrong number.Valued Senior Member

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6,113
It's the same thing. The increase is too tiny to be significant.

5. ### gmilamValued Senior Member

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3,171
My "ex" once told me that she spent 10 dollars on Lotto. One of those cards paid off 5 dollars. As far as I was concerned, she was down 5 dollars. In her "logic", she had won 5!

She's the same lady who had a "system" for picking lottery numbers based on which numbers were "hot" and which ones were "due". I asked her why she didn't just bet on 1,2,3,4,5. Her response... "Do you know what the odds are of those numbers being picked?" (Yes, I do. The exact same as any other pre-selected set of 5 numbers.)

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7. ### Gawdzilla SamaValued Senior Member

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3,864
Well, for one, I'm too old to get to the casinos (we have 3-4 here in St. Loser). AND I know players bleed to death slowly there. But buy a lottery ticket when I stop for gas, that's no big deal.

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8. ### Gawdzilla SamaValued Senior Member

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3,864
But it doesn't result in a significant chance of winning the jackpot.

"Buying more lottery tickets does increase your chances of winning the lottery. In Powerball, there are 292,201,338 possible tickets. Buy one ticket, and you have a one in 292,201,338 chance of winning the jackpot. Buy two tickets, you have a two in 292,201,338 chance.Mar 21, 2019"

9. ### Michael 345New year. PRESENT is 70 years oldValued Senior Member

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8,807
Lotteries are almost the equivalent of getting a large amount of money for almost nothing

Unfortunately most of that almost nothing you spend for the ticket goes elsewhere and if you keep buying, almost nothing becomes a tidy sum

The people who run the lotteries are the geniuses

Use other people's money as a prize = no outlay of your own

Take a cut for selling dreams