Posted on 01/06/2016 11:05:58 PM PST by LibWhacker
http://www.calottery.com/play/draw-games/powerball
I wonder who will be picked to win?
http://www.nydailynews.com/news/national/lottery-fixing-scandal-spreads-nationwide-article-1.2470819
algebra is useful for real life situations, eh!!
Skinny-dipping in farm ponds fueled my interest in algae bra.
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.
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.
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!
Well, $675 million would make a dent, all right.
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.
Yes and yes.
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....
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.
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.
The lottery is a tax on those bad at math.
The odds are 292 Million to one but the pay off, is about 292 million {lump sum pre-tax} which is one to oneI 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.
“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.
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?
"Gubmint do take a bite, don't she?"
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?
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