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Posted

If you want to talk positive odds (what's in the pot is better than the odds against you), then it's proper to play the megaball at anything over $135 million.

So, $220 million not only covers that, but comes pretty close to covering that AFTER TAXES even.

Not a bad deal in my book.

Posted

If you want to talk positive odds (what's in the pot is better than the odds against you), then it's proper to play the megaball at anything over $135 million.

So, $220 million not only covers that, but comes pretty close to covering that AFTER TAXES even.

Not if you take the possibility of split pots into account.

Posted

If you want to talk positive odds (what's in the pot is better than the odds against you), then it's proper to play the megaball at anything over $135 million.

So, $220 million not only covers that, but comes pretty close to covering that AFTER TAXES even.

Not if you take the possibility of split pots into account.

right, but at that point, it's almost never "correct" to play the lottery. Which I would agree with, for the most part.

Posted (edited)

holy shit

it's gonna be around 250 million freakin' dollars on saturday

after i win a new copy of money jungle for everyone

i had only 1 number on wednesday's drawing and i bought 5 tickets

Edited by Soulstation1
Posted

You guys are crazy.  :crazy:

The odds of winning one of those are beyond astronomical. Buying 5 or 50 or even 500 tickets won't even be enough to increase your odds measurably.

You have a MUCH better chance of getting hit by lightening. Really.

BUT... once the prize gets big enough, the expected value of a Powerball ticket might actually become positive.

Guy

Posted

You guys are crazy.  :crazy:

The odds of winning one of those are beyond astronomical. Buying 5 or 50 or even 500 tickets won't even be enough to increase your odds measurably.

You have a MUCH better chance of getting hit by lightening. Really.

Not if you live in Jacksonville, Oregon! Figure out the odds on all these winners in one very small town! :eye:

JACKSONVILLE, Ore. Someone has again struck it rich in an old Oregon Gold Rush town.

The winner or winners of the largest jackpot in Powerball's history purchased their ticket at one of the two lottery retailers in Jacksonville, Oregon.

At the J-Ville Tavern, which sold a multi-(m) million dollar winning ticket a few years ago, the owner hopes another customer has struck it rich.

She says she hopes it's one of her regulars "who can really use it."

The other lottery retailer, Ray's Food Place, sold one of four runner-up tickets purchased in Oregon _ worth a total of 850-thousand dollars. An employee says it belongs to a couple whom she describes as "so excited." She says the woman was "grinning from ear to ear" and the man was "pretty calm."

Whichever store sold the 340 (m) million dollar jackpot-winning ticket gets 100-thousand dollars.

http://www.kait8.com/Global/story.asp?S=4007843&nav=0jsh

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