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rsactuary
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January 15th, 2016 at 7:38:59 AM permalink
http://www.msn.com/en-us/news/us/tennessee-couple-claim-winning-ticket-for-us-powerball-jackpot-nbc/ar-BBoeCPz?li=BBnbfcL

I'm speechless. A couple goes on the Today show with the ticket.. (I'm assuming its a real ticket).. .before they have cashed it... "on advice from their lawyer".

then the guy says later in the interview.. "I'm really nervous because everyone's going to know we won".... um... YOU'RE ON "THE TODAY SHOW", of course everyone is going to know!.

If any lawyer told me to visit the Today show... with the ticket ... before getting my check.. they'd be fired.
Joeman
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January 15th, 2016 at 7:40:29 AM permalink
Quote: Wizard

I was taught in economics class, and believe, that happiness is a function of log(wealth).

Interesting! Did the professor say whether it applies to nations or individuals? Or both?

Not necessarily happiness, but I might say that my stress/worry about finances would be inversely proportional to log(wealthJoeman).
"Dealer has 'rock'... Pay 'paper!'"
Joeman
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January 15th, 2016 at 7:48:39 AM permalink
Quote: rsactuary

http://www.msn.com/en-us/news/us/tennessee-couple-claim-winning-ticket-for-us-powerball-jackpot-nbc/ar-BBoeCPz?li=BBnbfcL

I'm speechless. A couple goes on the Today show with the ticket.. (I'm assuming its a real ticket).. .before they have cashed it... "on advice from their lawyer".

then the guy says later in the interview.. "I'm really nervous because everyone's going to know we won".... um... YOU'RE ON "THE TODAY SHOW", of course everyone is going to know!.

If any lawyer told me to visit the Today show... with the ticket ... before getting my check.. they'd be fired.

+ 1.6 Billion/3

If I had won, I would want to disappear from the public consciousness as soon as possible (or never appear there in the first place, if that's possible).
"Dealer has 'rock'... Pay 'paper!'"
Romes
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January 15th, 2016 at 8:07:02 AM permalink
Quote: Wizard

For everybody saying money doesn't buy happiness, please send me as much as you don't need.

Daniel Tosh's stand up is actually fairly funny and one of his quotes I love to re-iterate in situations like this: "Money doesn't buy happiness? Money can buy a wave runner... Try frowning on a wave runner... (pantomime frowning on a wave runner)"
Playing it correctly means you've already won.
Wizard
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January 15th, 2016 at 8:24:40 AM permalink
Quote: rsactuary

I'm speechless. A couple goes on the Today show with the ticket.. (I'm assuming its a real ticket).. .before they have cashed it... "on advice from their lawyer".



I assume he didn't trust the lottery agent to not switch his ticket with a losing one when he claimed it. However, you don't have to do the Today show to have witnesses that you hold the winning ticket.

Quote: Joeman

Interesting! Did the professor say whether it applies to nations or individuals? Or both?



Just individuals.
Last edited by: Wizard on Jan 15, 2016
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
rsactuary
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January 15th, 2016 at 8:31:27 AM permalink
Quote: Wizard

I assume he didn't trust the lottery agent to not switch his ticket with a losing one when I claimed it. However, you don't have to do the Today show to have witnesses that you hold the winning ticket.



You don't go to the lottery agent.. you go to HQ. And take a picture.
SanchoPanza
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January 15th, 2016 at 9:51:30 AM permalink
Quote: Wizard

I was taught in economics class, and believe, that happiness is a function of log(wealth).

In a striking coincidence, this was published yesterday:

"Happiness is in your genes it seems, according to research that shows the more people in a country who have a particularly gene, the happier the nation will be. The DNA in question, the FAAH gene, makes a protein that affects feelings of pleasure and pain. People with a particular version of it tend to be cheerier souls.

However, wealth and health were found to have little effect on happiness. The more people in a country who have a variety of the FAAH gene, the happier that nation tends to be according to new research from Varna University. The findings may help to explain why some of the world's poorest nations still rank among the happiest. The more people in a country who have a variety of the FAAH gene, the happier that nation tends to be according to new research from Varna University. The findings may help to explain why some of the world's poorest nations still rank among the happiest. The researchers said the find could help explain why some of the world's poorest nations are also the happiest.

The team from Bulgaria and Hong Kong looked at whether there was a link between levels of the FAAH gene in a population and number of people who said they were 'very happy' in global study of life satisfaction. Sweden – one of the happiest countries in Europe and in the world – also had lots of happy DNA.

The happiness gene is even rarer in southern Europe, where it is found in 18 per cent of Greeks and just 12 per cent of Italians. Further afield, Ghana, Nigeria, Mexico and Columbia all came out near the top in the happiness league – and sported high rates of the gene. In contrast, the peoples of Iraq, Jordan, Hong Kong, China were among the least likely to rate themselves as 'very happy' and also had the lowest levels of the gene. But the gene and an optimistic outlook didn't always go hand in hand.
For instance, Russians and Estonians score very low on happiness, despite having the 'right' DNA, the Journal of Happiness Studies reports." daily mail
rxwine
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January 15th, 2016 at 11:43:07 AM permalink
Quote: Joeman

If I had won, I would want to disappear from the public consciousness as soon as possible (or never appear there in the first place, if that's possible).



The best plan is win the 2nd highest jackpot. People probably will forget you sooner.
There's no secret. Just know what you're talking about before you open your mouth.
Dodsferd
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January 15th, 2016 at 3:00:48 PM permalink
Quote: AxelWolf

I believe there are studies showing people with money are generally happier. If someone has legitimate depression there's no amount of money that will help.



I was just being facetious with my comment. I personally believe that happiness stems from within, while external factors and circumstances do certainly have a degree of direct influence, it is the response and the subsequent result of how we choose to deal with such events that determine whether or not we glean any happiness from the situation.

That being said, the freedom to do what we want, when we want, appeals to me to a great degree (to whom wouldn't that be true, I wonder), and thus, monetary freedom to be less restricted with obligations, to a degree, provides some semblance of happiness to me.
This feeling is heavy, makes my body ache and I'm ready; To fall into the sky and I see now, the reason why. My heart is heavy, takes me to a place I can't breathe. Only then I know why I see the warning sign.
teliot
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January 15th, 2016 at 3:54:27 PM permalink
Quote: Wizard

If jackpot<529, then 7.9043*exp(0.005554*jackpot), else 419.88*ln(jackpot)-2450.5)

Mike, have you posted the raw data somewhere, or can you point to a source?
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Wizard
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January 15th, 2016 at 3:59:43 PM permalink
Quote: teliot

Mike, have you posted the raw data somewhere, or can you point to a source?



http://lottoreport.com/powerballsales.htm
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
teliot
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January 15th, 2016 at 4:26:15 PM permalink
Quote: Wizard

http://lottoreport.com/powerballsales.htm

Thanks. I imported it all into Excel, 2012 to date (after the tickets went to $2).

I think the problem with curve fitting here is that there are only 2 data points above $600M. Two points determine a line. The question is one of correlation. If you are going to add points to get a more complicated curve, the question is which ones? Those two outliers really stand alone. Changing from exp to log seems very random.

As others have mentioned, the system can only handle so much volume, so the growth curve is necessarily flat for sufficiently large prizes. There is also the issue of correlation for the two largest prizes that doesn't exist for the lower data points.

I know you only went back to the change in odds, but even if you include the other data back to when the ticket price went to $2/ticket, it pretty much looks the same and you get a few more data points in the $500M range.

I guess what I am saying is that your exp curve works, but there is not enough data to know what to do above the $600M point.
Last edited by: teliot on Jan 15, 2016
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coilman
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January 15th, 2016 at 5:20:36 PM permalink
Here is a story on a winner of $1 MILLION on the draw.... interesting read

http://standardbredcanada.ca/news/1-15-16/horseman-wins-1m-powerball-draw.html
Asswhoopermcdaddy
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January 16th, 2016 at 12:47:49 PM permalink
Quote: Wizard



As I've said in other posts, this relationship has its limits. Here is my new formula for jackpot sales (in millions) by jackpot size (in millions):

If jackpot<529, then 7.9043*exp(0.005554*jackpot), else 419.88*ln(jackpot)-2450.5)

I'm not crazy about the "if" statement but am open to other specific ideas.

Given my new formula, I show no relative maximum. The value just keeps going up with jackpot size. At 5.85 billion, it actually turns positive after considering taxes. However, I have a feeling a may have to make adjustments to my curve if it ever gets close to that amount.



I SMELL A MATH CHALLENGE. JUICES ARE FLOWING...more to follow.
Ibeatyouraces
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January 16th, 2016 at 9:12:21 PM permalink
Quote: Wizard

Low numbers. Glad I didn't buy tickets with my strategy of picking all numbers greater than 31.


Tonight would've been a better night for high numbers. 3, 51, 52, 61, 64, PB 6
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rxwine
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January 16th, 2016 at 10:12:08 PM permalink
Based on some of the lottery winner stories where the winners were swindled, kidnapped, killed or died mysteriously, I think if I won such a great amount I would do my best to keep it under wraps and stipulate that if I die no one inherits anything for 10 years after my death and only after they pass two separate lie detector tests on their innocence, on having no assistance or planning on my demise.
There's no secret. Just know what you're talking about before you open your mouth.
JohnnyQ
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January 17th, 2016 at 5:02:15 AM permalink
Quote: rxwine

Based on some of the lottery winner stories where the winners were swindled, kidnapped, killed or died mysteriously, I think if I won such a great amount I would do my best to keep it under wraps and stipulate that if I die no one inherits anything for 10 years after my death and only after they pass two separate lie detector tests on their innocence, on having no assistance or planning on my demise.


Lottery winners risk death and danger after going public

Exerpt:

Jackpot winners "get a big old target painted on their backs," said Andrew Stoltmann, an Illinois attorney who has represented winners. When their names are released "they get harassed and harangued into some horrifically bad investments."

Forcing people to reveal their names, he added, is like "throwing meat into a shark-infested ocean."

Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous. A growing number of other states, including Colorado, Connecticut, Massachusetts and Vermont, will award prizes to a trust and allow a trustee — usually an attorney — to collect without disclosing the name of the ticket holder.
There's emptiness behind their eyes There's dust in all their hearts They just want to steal us all and take us all apart
Ibeatyouraces
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January 17th, 2016 at 7:06:37 AM permalink
Quote: JohnnyQ

Lottery winners risk death and danger after going public

Exerpt:

Jackpot winners "get a big old target painted on their backs," said Andrew Stoltmann, an Illinois attorney who has represented winners. When their names are released "they get harassed and harangued into some horrifically bad investments."

Forcing people to reveal their names, he added, is like "throwing meat into a shark-infested ocean."

Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous. A growing number of other states, including Colorado, Connecticut, Massachusetts and Vermont, will award prizes to a trust and allow a trustee — usually an attorney — to collect without disclosing the name of the ticket holder.


Unfortunately the lotteries in states where you can't remain anonymous feel that using you for advertising is more important than your safety.
DUHHIIIIIIIII HEARD THAT!
djatc
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January 17th, 2016 at 3:34:40 PM permalink
Quote: Ibeatyouraces


Unfortunately the lotteries in states where you can't remain anonymous feel that using you for advertising is more important than your safety.



Ya its great double dipping publicity for the lottery, when they hand the check to the winner, when the lottery winner starts buying stupid crap, and when the lottery winner goes busto or ends up murdered by some crazy person.
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AxelWolf
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January 17th, 2016 at 3:39:01 PM permalink
Quote: Ibeatyouraces

Quote: JohnnyQ

Lottery winners risk death and danger after going public

Exerpt:

Jackpot winners "get a big old target painted on their backs," said Andrew Stoltmann, an Illinois attorney who has represented winners. When their names are released "they get harassed and harangued into some horrifically bad investments."

Forcing people to reveal their names, he added, is like "throwing meat into a shark-infested ocean."

Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous. A growing number of other states, including Colorado, Connecticut, Massachusetts and Vermont, will award prizes to a trust and allow a trustee — usually an attorney — to collect without disclosing the name of the ticket holder.


Unfortunately the lotteries in states where you can't remain anonymous feel that using you for advertising is more important than your safety.

Do they reserve the right to use your face?
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
beachbumbabs
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January 17th, 2016 at 5:39:35 PM permalink
Quote: AxelWolf

Quote: Ibeatyouraces

Quote: JohnnyQ

Lottery winners risk death and danger after going public

Exerpt:

Jackpot winners "get a big old target painted on their backs," said Andrew Stoltmann, an Illinois attorney who has represented winners. When their names are released "they get harassed and harangued into some horrifically bad investments."

Forcing people to reveal their names, he added, is like "throwing meat into a shark-infested ocean."

Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous. A growing number of other states, including Colorado, Connecticut, Massachusetts and Vermont, will award prizes to a trust and allow a trustee — usually an attorney — to collect without disclosing the name of the ticket holder.


Unfortunately the lotteries in states where you can't remain anonymous feel that using you for advertising is more important than your safety.

Do they reserve the right to use your face?



Yeah, last I saw in Florida anyway, you must allow the lottery to use your image and name for publicity to claim the prize. That could easily have changed.
If the House lost every hand, they wouldn't deal the game.
Mission146
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January 17th, 2016 at 5:51:00 PM permalink
I'd look completely different by that time the following week.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
rxwine
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January 17th, 2016 at 6:09:55 PM permalink
Quote: Mission146

I'd look completely different by that time the following week.



There's no secret. Just know what you're talking about before you open your mouth.
DRich
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January 18th, 2016 at 7:59:23 AM permalink
Quote: Mission146

I'd look completely different by that time the following week.



I would consider changing my name before I collected, then changing it back.
At my age, a "Life In Prison" sentence is not much of a deterrent.
TwoFeathersATL
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January 18th, 2016 at 8:20:11 AM permalink
Quote: DRich

I would consider changing my name before I collected, then changing it back.

That might be a quantum leap in wise thinking on this subject. I may go back and read everything you've ever written 'cause wisdom is always in short supply. That is a compliment, no sarcasm intended.

I just finished reading the discussions about the suspension list thread ( the whole damn thing and linked to the threads involved ), took several weeks over the holidays. Was a hoot. Learned a lot about a lot of things including insight into many of the current and ex posters here. I am such a small grain of sand on such a large beach. I may start again by reading the posts of DRich. I could do much worse.
Cheers - 2F
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
DRich
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January 18th, 2016 at 9:11:31 AM permalink
Quote: TwoFeathersATL

That might be a quantum leap in wise thinking on this subject. I may go back and read everything you've ever written 'cause wisdom is always in short supply. That is a compliment, no sarcasm intended.
Cheers - 2F



I appreciate the compliment but am afraid you may be disappointed if your read all my posts. I have never been accused of being overly wise.
At my age, a "Life In Prison" sentence is not much of a deterrent.
beachbumbabs
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January 18th, 2016 at 9:14:39 AM permalink
Quote: DRich

I appreciate the compliment but am afraid you may be disappointed if your read all my posts. I have never been accused of being overly wise.



You underrate your value to the forum. :)
If the House lost every hand, they wouldn't deal the game.
TwoFeathersATL
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January 18th, 2016 at 10:13:17 AM permalink
Quote: DRich

I appreciate the compliment but am afraid you may be disappointed if your read all my posts. I have never been accused of being overly wise.

The "overly wise" often stand in the rain. The underly wise, well forget them. I'm always searching for a happy 'median'...;-) I would strongly suggest you not go back and read my post history, or you'll just block me going forward;-) And that would hurt my delicate feelings. I'm still reeling out of control over the fact that EB has me blocked, again ;-)
Last edited by: TwoFeathersATL on Jan 18, 2016
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
slackyhacky
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January 18th, 2016 at 11:42:25 AM permalink
You have 180 days to turn in the ticket.

If I won, it would be turned in somewhere closer to the 180 days, than to the day I won - hopefully, 5 months later people would be thinking about something else.

In the meantime, I would hire a financial advisor, and a bunch of lawyers.

One thing I would want to do - is get a team of lawyers that would help me remain anonymous - since in most states - reporting is a requirement. I bet you could somehow create a company that owned the ticket - than get the lawyers to figure out a way to layer the company and somehow hide your identity.
rxwine
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January 18th, 2016 at 12:11:47 PM permalink
Quote: DRich

I would consider changing my name before I collected, then changing it back.



In between, you could sign up for all new player cards and various promotions.
: )
There's no secret. Just know what you're talking about before you open your mouth.
TwoFeathersATL
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January 18th, 2016 at 2:04:26 PM permalink
Quote: rxwine

In between, you could sign up for all new player cards and various promotions.
: )

You see, I never see all the angles. If you win the big powerball or whatever lottery, first you change your name ( get legal help but doesn't take long ) then you go get new players cards in that new name, milk any promotional goodies, then go claim your 100, 500, 1000, million bucks. Why am I yawning at my own post? Get big money and run, never look back, go....
Youuuuuu MIGHT be a 'rascal' if.......(nevermind ;-)...2F
Wizard
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January 18th, 2016 at 7:35:37 PM permalink
Quote: DRich

I have never been accused of being overly wise.



I'll accuse you of that.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
standbymyman
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January 19th, 2016 at 8:48:55 AM permalink
Quote: slackyhacky

You have 180 days to turn in the ticket.

If I won, it would be turned in somewhere closer to the 180 days, than to the day I won - hopefully, 5 months later people would be thinking about something else.

In the meantime, I would hire a financial advisor, and a bunch of lawyers.

One thing I would want to do - is get a team of lawyers that would help me remain anonymous - since in most states - reporting is a requirement. I bet you could somehow create a company that owned the ticket - than get the lawyers to figure out a way to layer the company and somehow hide your identity.




But, if your dog eats your ticket................................
rxwine
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February 17th, 2016 at 2:22:36 PM permalink
FL powerball winners come forward to collect from billion jackpot.

I suppose I would have a sick feeling if I always played the same numbers, and had them come up on one of the weeks I didn't play.

Quote:

Smith said that she picked the winning numbers and they were the same set of numbers she has been playing "for years," though she doesn't play regularly. The ticket was purchased at a Publix in Melbourne



http://abcnews.go.com/US/historic-powerball-jackpot-winners-forward-today/story?id=37002088
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GWAE
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May 7th, 2016 at 6:13:20 AM permalink
Powerball back up near 400, doesn't seem like a big deal like it was back here.
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Wizard
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May 7th, 2016 at 6:22:10 AM permalink
Quote: GWAE

Powerball back up near 400, doesn't seem like a big deal like it was back here.



Is that all? Wake me when it gets to two billion.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Wizardofnothing
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May 7th, 2016 at 6:26:57 AM permalink
What would you invest at 2billion,

Any idea what the odds are of it hitting 2bil or 5bil?
No longer hiring, don’t ask because I won’t hire you either
Ibeatyouraces
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May 7th, 2016 at 8:07:17 AM permalink
Quote: Wizard

...Wake me when it gets to two billion.


Not me. I'll kick the person and go back to sleep. :-)
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RenoGambler
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May 7th, 2016 at 8:26:22 AM permalink
Quote: Wizard

So am I. With this new rule change that is much more likely to happen. If we can go four or five drawings without anybody hitting it (a big "if"), then we should get there.



My guess would be that once we've seen several of these $500 million-plus jackpots, they'll start getting less attention and the big rush for tickets won't happen until the jackpot gets higher. People will get less excited about jackpot levels they've seen recently. I think a $1 billion jackpot is pretty much inevitable.
Variance giveth and variance taketh away.
Wizardofnothing
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May 7th, 2016 at 8:27:55 AM permalink
It's already happened - go back to sleep
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GWAE
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May 7th, 2016 at 8:56:28 AM permalink
Quote: Wizard

Is that all? Wake me when it gets to two billion.



That's my point. I think jackpot fatigue was mentioned in this thread. When it hit 400 last time it was all over the news. It has not been mentioned once this time. Is 750 the new 400?
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Wizard
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May 7th, 2016 at 11:03:39 AM permalink
Quote: GWAE

That's my point. I think jackpot fatigue was mentioned in this thread. When it hit 400 last time it was all over the news. It has not been mentioned once this time. Is 750 the new 400?



They mentioned it briefly on the Today Show, but nowhere near the hype they gave it the previous time it got that high.

Prediction time: PowerBall will change the rules again, to make it even harder to win.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
surrender88s
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May 7th, 2016 at 5:36:08 PM permalink
With the huge increase in publicity and ticket sales at high jackpots, I don't know why they don't restructure to make the initial "reset" jackpot higher, or lower the small prize payouts in order to get the jackpot to climb faster.
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GWAE
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May 7th, 2016 at 8:22:38 PM permalink
I stopped at gas station at 1005. Powerball sales end at 10pm. A guy 2 people ahead of me bought $40 in powerball. The next lady asked if she could buy powerball and the cashier said sure. The manager overheard and came over to say tonight's sales are done. If you buy tickets it will be for next week's drawing.

So now the previous guy has tickets for next week's draw and probably has no clue. I rwally hope thr ticket he has doesn't match tonight's draw.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
Ibeatyouraces
Ibeatyouraces
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May 7th, 2016 at 10:20:19 PM permalink
Quote: GWAE

I stopped at gas station at 1005. Powerball sales end at 10pm. A guy 2 people ahead of me bought $40 in powerball. The next lady asked if she could buy powerball and the cashier said sure. The manager overheard and came over to say tonight's sales are done. If you buy tickets it will be for next week's drawing.

So now the previous guy has tickets for next week's draw and probably has no clue. I rwally hope thr ticket he has doesn't match tonight's draw.


They'll be disappointed. At least one winner tonight.
DUHHIIIIIIIII HEARD THAT!
Ayecarumba
Ayecarumba
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May 9th, 2016 at 4:11:19 PM permalink
Quote: GWAE

I stopped at gas station at 1005. Powerball sales end at 10pm. A guy 2 people ahead of me bought $40 in powerball. The next lady asked if she could buy powerball and the cashier said sure. The manager overheard and came over to say tonight's sales are done. If you buy tickets it will be for next week's drawing.

So now the previous guy has tickets for next week's draw and probably has no clue. I rwally hope thr ticket he has doesn't match tonight's draw.

The worst case for him would be to think he lost that draw, causing him to throw the winning ticket away for next week's....

There was a $63 million dollar unclaimed lottery ticket from California that became worthless in February. Ouch.
Simplicity is the ultimate sophistication - Leonardo da Vinci
GWAE
GWAE
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May 9th, 2016 at 4:28:52 PM permalink
Quote: Ayecarumba

The worst case for him would be to think he lost that draw, causing him to throw the winning ticket away for next week's....

There was a $63 million dollar unclaimed lottery ticket from California that became worthless in February. Ouch.



I hope the person doesn't know they the it away. It would be horrible to know you had the winner and couldn't find your ticket.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
tringlomane
tringlomane
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May 9th, 2016 at 5:32:52 PM permalink
Quote: Ibeatyouraces

They'll be disappointed. At least one winner tonight.



That was a little surprising. Based on the number of total winners, the odds of it hitting were only about 22.6%
Wizardofnothing
Wizardofnothing
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May 9th, 2016 at 5:52:48 PM permalink
Most likely a homeless person based on the location of the purchase
No longer hiring, don’t ask because I won’t hire you either
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