Powerball

Whiskeyjack

Whiskeyjack

Mittens Margaritas Ante Porcos
Staff member
Messages
20,894
Reaction score
8,126
The higher the pot, the lower your chances of winning. And they're abysmally poor for even modest pots. So...

364584-zoom1.gif
 
GATTACA!

GATTACA!

It's about to get gross
Messages
15,103
Reaction score
12,939
When's the next powerball drawing? Saturday?
 
IrishLax

IrishLax

Something Witty
Staff member
Messages
37,544
Reaction score
28,990
Whiskeyjack said:
The higher the pot, the lower your chances of winning. And they're abysmally poor for even modest pots. So...

364584-zoom1.gif
Click to expand...

That's not, true is it? Don't they pull from the same pool of numbers every time? So your odds of a win should be the same no matter who is playing.
 
bkess8

bkess8

Us vs. Them
Staff member
Messages
7,626
Reaction score
1,419
IrishLax said:
That's not, true is it? Don't they pull from the same pool of numbers every time? So your odds of a win should be the same no matter who is playing.
Click to expand...

Thought that also, your winnings get split up amongst the more people who win.
 
tussin

tussin

Well-known member
Messages
4,153
Reaction score
1,982
IrishLax said:
That's not, true is it? Don't they pull from the same pool of numbers every time? So your odds of a win should be the same no matter who is playing.
Click to expand...

Same odds of winning, but the expected payout decreases once the pot is over ~$350M. This is because there is a very high probability of a split pot when the jackpot gets big.
 
calvegas04

calvegas04

Well-known member
Messages
11,860
Reaction score
8,438
Whiskeyjack said:
The higher the pot, the lower your chances of winning. And they're abysmally poor for even modest pots. So...

364584-zoom1.gif
Click to expand...

The chances of winning would be the same regardless of how many people play. The odds of multiple people winning and you sharing the pot would be greater.
 
woolybug25

woolybug25

#1 Vineyard Vines Fan
Messages
17,677
Reaction score
3,018
One thing I do find funny is when someone buys say... 10 tickets instead of one because it "increases their odds". Well, while technically true, it's statistically meaningless. Say your odds are 1 in 200 million to win this lotto, adding nine more tickets only increases your odds by a minuscule fraction of a fraction of percent (expert mathlete). Which means, your chances remain... For all tense and purposes.... Still 1 in 200 million. You just have $18 less in your pocket.
 
N

ND NYC

New member
Messages
3,571
Reaction score
209
I can see it now "The Irish Envy Center for the Social Media Challenged" being built on Eddy St if one of us wins it.

would be a great place pre and post game, and all year long.

of course, would need the secret handshake to enter. keeps the trolls away. (mike frank too.)
 
Irish YJ

Irish YJ

Southsida
Messages
25,888
Reaction score
1,444
We did an office pool for last night's draw. Hit for 122 bucks. rolling that back in and adding to it. while the odds are crazy against everyone,,, who cares... it's fun lol.

about 4 years ago, did an office pool (we only do it when it gets big like this), and we hit for 10k... my phone blew up after the draw :) as everyone gets a scan of the tix... was pretty fun.
 
BobbyMac

BobbyMac

Staff & Stuff
Staff member
Messages
33,950
Reaction score
9,294
gkIrish said:
you can still win money without getting all the numbers.
Click to expand...

This...

Back in the summer of '87 when Andre Dawson was on fire for the Cubs, the Illinois Lottery became the first lottery to go over $50M. The week prior, my Grandparents matched the first 5 numbers sequentially and the last number was 1 and they had 2. Can't make it that sh!t up. Still impresses me to this day the calmness they accepted being that close and not winning. All I could think of as a 21 year old was... Damn! there goes my Lambo. I'm not sure how much they won but they built a new 3 car garage with it and the rest of it has been drawing .0009% in my grandma's trusty 60 day CD's and savings accounts. God bless her soul!
 
greyhammer90

greyhammer90

the drunk piano player
Messages
16,820
Reaction score
16,080
I'll probably buy a ticket for fun. It's fun to have a conversation with friends on what we're all going to do "when" we win.
 
woolybug25

woolybug25

#1 Vineyard Vines Fan
Messages
17,677
Reaction score
3,018
NDBoiler said:
Two chicks at the same time.
Click to expand...


You can do that over at Koon's house any night of the week. Only cost two bottles of Boones Farm.

I suppose you can get something for his two roommates for their effort too, but Koon won't leave you alone without them bottles. So you better bring em...
 
BobbyMac

BobbyMac

Staff & Stuff
Staff member
Messages
33,950
Reaction score
9,294
On second thought...

Does Kaepernick have a brother?

.
 
Irish YJ

Irish YJ

Southsida
Messages
25,888
Reaction score
1,444
kmoose said:
I'm buying the Browns and making Manziel do Oklahoma drills until I get tired...
Click to expand...

He's going to be looking for a job.. you could probably just hire him directly and get the same satisfaction for a lot cheaper. Buying the Browns to do it though... that's just throwing away money :)
 
phillyirish

phillyirish

................
Messages
1,931
Reaction score
884
I saw that the other day when the jackpot was around 350-400 million the return on investment (including all possible minor winnings, taxes etc...) was like -$1.14 or something per $2 ticket.

But who cares? Its fun imagining "what ifs". Getting you hopes up, thinking you might actually win it all only to be ultimately disappointed when its all said and done---- a lot like being a Notre Dame fan on a yearly basis.
 
You must log in or register to reply here.
Top