Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

The next big Powerball jackpot is $675 MILLION
CA Lottery ^ | 1/6/15

Posted on 01/06/2016 11:05:58 PM PST by LibWhacker

http://www.calottery.com/play/draw-games/powerball


TOPICS: Chit/Chat; Hobbies
KEYWORDS: cashoption; governmentscam; jackpot; lottery; lotto; powerball; rollover
Navigation: use the links below to view more comments.
first previous 1-2021-4041-43 next last
To: LibWhacker

I wonder who will be picked to win?
http://www.nydailynews.com/news/national/lottery-fixing-scandal-spreads-nationwide-article-1.2470819


21 posted on 01/07/2016 12:31:51 AM PST by MCF (If my home can't be my Castle, then it will be my Alamo.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibWhacker

22 posted on 01/07/2016 1:13:33 AM PST by Daffynition (*Gun control is a tool to make innocents pay the price for the guilty* W.LaPierre)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SunkenCiv

algebra is useful for real life situations, eh!!


23 posted on 01/07/2016 1:20:30 AM PST by RginTN
[ Post Reply | Private Reply | To 15 | View Replies]

To: RginTN

Skinny-dipping in farm ponds fueled my interest in algae bra.


24 posted on 01/07/2016 2:48:34 AM PST by SunkenCiv (Here's to the day the forensics people scrape what's left of Putin off the ceiling of his limo.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: MCF

Wow, thanks for posting that. Fox in the henhouse. Foxes plural, I guess.

In California, where I live, it’s ‘rats; 94% of all proceeds go to the state, only a pittance is ever paid out in prize money. That’s why the jackpot grows so slowly. Crooked ‘rats in Sacramento are skimming it all off. I always said I’d quit playing at the first hint it was fixed, or the first hint of corruption. Guess it’s time.


25 posted on 01/07/2016 2:59:48 AM PST by LibWhacker
[ Post Reply | Private Reply | To 21 | View Replies]

To: 21twelve

Why in the world would any mobster bash your knees for losing at numbers? They already have your money; you don’t owe them anything.


26 posted on 01/07/2016 3:32:36 AM PST by HartleyMBaldwin
[ Post Reply | Private Reply | To 17 | View Replies]

To: goldbux

Hmmm...no.

With no ticket your probability of winning is zero.

With the purchase of a ticket your chances zoom to 1:350,000,000.

Woot! Woot!


27 posted on 01/07/2016 3:54:20 AM PST by Adder (Get back, Lo-retta!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: LibWhacker

Well, $675 million would make a dent, all right.


28 posted on 01/07/2016 3:58:23 AM PST by Jim Noble (Diseases desperate grown Are by desperate appliance relieved Or not at al)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Vermont Lt
Yes you are correct. The odds of winning are astronomical. It’s like getting hit by lightning.

The odds are 292 Million to one but the pay off, is about 292 million {lump sum pre-tax} which is one to one, way better than betting a number where the pay off is 500-1, but the odds are 1,000-1, so this is twice as good from a payoff vs odds perspective.

Gambling is always designed for only one winner, the house, everybody else is a sheep to be sheared.

But for two bucks vs 565 million, WTH.

29 posted on 01/07/2016 3:59:38 AM PST by USS Alaska (Exterminate the terrorist savages, everywhere.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: GraceG

Yes and yes.


30 posted on 01/07/2016 4:14:10 AM PST by NRx (Light travels faster than sound. This is why some people appear bright until you hear them speak.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: LibWhacker

Will be closer to $800 Million by Sat. night. Long lines yesterday at Lottery Stations. Longer lines on weekends. Good luck everyone, but I just purchased the winning ticket....


31 posted on 01/07/2016 4:19:28 AM PST by donozark (There is no murder in paradise.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Adder

And the probability of a person with a ticket winning are infinitely greater than than a person without a ticket. Not the same at all.


32 posted on 01/07/2016 4:28:10 AM PST by strings6459
[ Post Reply | Private Reply | To 27 | View Replies]

To: goldbux
But stating it with such precision drains the modest sarcasm from my original sentence.

As a mathematician that had the same initial reaction ... I howled at your response and refrained from piling on. That was the post of the day friend ... lol ... great job.

33 posted on 01/07/2016 4:31:29 AM PST by dartuser
[ Post Reply | Private Reply | To 10 | View Replies]

To: LibWhacker

The lottery is a tax on those bad at math.


34 posted on 01/07/2016 4:56:25 AM PST by ConservativeWarrior (Fall down 7 times, stand up 8. - Japanese proverb)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USS Alaska
The odds are 292 Million to one but the pay off, is about 292 million {lump sum pre-tax} which is one to one
I used to work for an Options Trading firm, and the traders there all thought this way. They would ignore the lottery until the payout exceeded the odds, and then they would all rush out to buy tickets. None of them won, of course.
But for two bucks vs 565 million, WTH.
But most lottery players can't really afford $2 per drawing. That's $200/year for nothing, and if you watch the poor chumps buying their tickets, you see that very few of them are limiting themselves to a single ticket.
It's like getting hit by lightning.
My Mother knew someone who had been hit by lightning on two separate occasions. The second time killed him. FYI, the odds of being struck by lightning is just under 1:1,000,000. Therefore, getting hit by lightning is hundreds of times more likely than winning the PowerBall.
35 posted on 01/07/2016 5:13:13 AM PST by Johnny B.
[ Post Reply | Private Reply | To 29 | View Replies]

To: sten
"$675m ? pretty soon, they'll be talking real money"


36 posted on 01/07/2016 5:28:06 AM PST by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Johnny B.

“I used to work for an Options Trading firm, and the traders there all thought this way. They would ignore the lottery until the payout exceeded the odds, and then they would all rush out to buy tickets. None of them won, of course.”

I have a similar system. I don’t worry about the odds, but I don’t play unless the jackpot becomes really large. It keeps me from throwing away money, not that I wouldn’t mind winning a low paying jackpot.

I have a cousin who won when it was at 11 or so million. His wife divorced him, he became a hermit, and he doesn’t talk to anyone now.


37 posted on 01/07/2016 6:38:28 AM PST by Carthego delenda est
[ Post Reply | Private Reply | To 35 | View Replies]

To: Carthego delenda est

One of the things that irritates me about lotteries is that the government takes about 40-50% for taxes...for doing nothing. Buy, what’s new under the sun?


38 posted on 01/07/2016 8:23:54 AM PST by hal ogen (First Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 37 | View Replies]

To: hal ogen
One of the things that irritates me about lotteries is that the government takes about 40-50% for taxes...for doing nothing

"Gubmint do take a bite, don't she?"

39 posted on 01/07/2016 8:25:05 AM PST by dfwgator
[ Post Reply | Private Reply | To 38 | View Replies]

To: dartuser
Thanks. Glad to help. Happy 2016.

The 92270 Forensic Language Pathology Lab reminds you (& all others) to refer to this 12-month calendar range properly as twenty sixteen not two thousand sixteen or two thousand & sixteen.

George Orwell famously wrote 1984 not one thousand nine hundred & eighty-four.

Alternatively, you could say:

20 16 = 14 10 (hex) = fourteen ten

20 16 = 24 20 (octal) = twenty-four twenty, or

2016 = 7E0 (hex) = seven-E-zero

= 3740 (octal) = thirty-seven forty

= 11111100000 (binary) = one one one one one one zero zero zero zero zero

You can see the hex & octal groupings easily:

111 1110 0000 = 7 E 0

11 111 100 000 = 3 7 4 0

Is clear, yes?

40 posted on 01/07/2016 8:27:57 AM PST by goldbux (CDO / I may have Obsessive Compulsive Disorder, but at least I put the letters in correct sequence.)
[ Post Reply | Private Reply | To 33 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-43 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson