Powerball lottery - Page 2 - Cherokee SRT8 Forum
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post #11 of 41 (permalink) Old 11-28-2012, 11:21 AM
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post #12 of 41 (permalink) Old 11-28-2012, 11:27 AM Thread Starter
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I have one ticket myself, and put $5 in my office pool with about 20 coworkers. I don't want to be the only one left behind if they win.


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post #13 of 41 (permalink) Old 11-28-2012, 11:31 AM
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One reason I wouldnt mind living south of the fence. **sigh**

That being said, our "Lotto max" is at $50 million almost weekly with additonal 1 million dollar bonus draws for any sales over 50Million/week ... oh and our odds are 1/28.6 Million per play

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post #14 of 41 (permalink) Old 11-28-2012, 11:32 AM
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So if the odds are 1 in 175 million. How much is each ticket? Theoretically could you not buy every combination for 175 million dollars (if they are $1 each)and guarantee a winning ticket. It would be a good investment. If tickets are more than $2 then it wouldn't work.


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post #15 of 41 (permalink) Old 11-28-2012, 11:33 AM
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Don't waste to much money on your tickets.... Because I have the winning ticket right here in my hands!!!! LOL J/K :-P

I at least hope i do ! :-)
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post #16 of 41 (permalink) Old 11-28-2012, 11:33 AM
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Quote:
Originally Posted by AROD View Post
One reason I wouldnt mind living south of the fence. **sigh**

That being said, our "Lotto max" is at $50 million almost weekly with additonal 1 million dollar bonus draws for any sales over 50Million/week ... oh and our odds are 1/28.6 Million per play
And we don't pay tax on winnings
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post #17 of 41 (permalink) Old 11-28-2012, 11:37 AM
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Quote:
Originally Posted by roadboy View Post
So if the odds are 1 in 175 million. How much is each ticket? Theoretically could you not buy every combination for 175 million dollars (if they are $1 each)and guarantee a winning ticket. It would be a good investment. If tickets are more than $2 then it wouldn't work.
just run the risk of splitting with another winning ticket .. or two

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And we don't pay tax on winnings
heck yeah !!

If you look at the ratio of odds to payout with power ball vs. lotto max they are damn near identical

powerball - 1/175 for 300m
Lotta max - 1/28.6 for 50m = 1/175 for 305m

Last edited by AROD; 11-28-2012 at 11:39 AM.
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post #18 of 41 (permalink) Old 11-28-2012, 11:48 AM Thread Starter
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Quote:
Originally Posted by roadboy View Post
So if the odds are 1 in 175 million. How much is each ticket? Theoretically could you not buy every combination for 175 million dollars (if they are $1 each)and guarantee a winning ticket. It would be a good investment. If tickets are more than $2 then it wouldn't work.
Ted Turner did it with the Mega Millions lottery

http://www.atlbanana.com/ted-turner-...-to-be-a-dick/

And I've seen news reports of other investment firms doing it in the past when the pot gets big enough to outway the risk of having two winners.
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post #19 of 41 (permalink) Old 11-28-2012, 11:57 AM
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$350 million dollars worth of tickets would guarantee a winning ticket at 2 bucks a pop...$550 million or so is the pot, 40% of the $350 million added to it would make the pot go up to about $700 million or so, but after taxes you would come out about a $75 million winner if you take the payments(which would be a loss anyways if you think about it, your $350 million would earn you more over 30 years than $75 million lol), but you'd be about a $50 million dollar loser if you took a lump sum of let's say $470 million on the $700 million pot and paid the taxes on it LOL! You'd probably need months to print out all those combos lol...the only winner in this scenario would be the lucky gas station owner since they make 7% on the sale of the tickets! He comes out ahead $24 million in lottery ticket sales commission!

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post #20 of 41 (permalink) Old 11-28-2012, 11:59 AM
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I have $420 worth of split office tickets and 20 of my own tickets. Stage6 will be my first stop


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