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Nathan
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January 29th, 2019 at 6:07:02 AM permalink
I kind of got permission from an Admin to start this thread.
How to calculate Florida Odds! :D

www.lotto.net/florida-lotto/prizes

Fresh edit. Something is wrong with my linking. It is just putting posters back to the this very thread instead of the website. :/ The website in my signature doesn't even link at all. Have my linking privileges been revoked? :/

[edit by mod(OD) Fixed link for you. Links in Sigs don't work, by design]
Last edited by: OnceDear on Jan 29, 2019
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
ChesterDog
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Nathan
January 29th, 2019 at 7:33:49 AM permalink
Quote: Nathan

I kind of got permission from an Admin to start this thread.
How to calculate Florida Odds! :D

www.lotto.net/florida-lotto/prizes

Fresh edit. Something is wrong with my linking. It is just putting posters back to the this very thread instead of the website. :/ The website in my signature doesn't even link at all. Have my linking privileges been revoked? :/




To see how to make a link in a post, visit this page: https://wizardofvegas.com/forum/info/help/1-formatting-codes/.

The directions are under the title "Links and Images." When you are making your link, type the address instead of the letters URL. In other words, don't type the letters URL, but type the address in their place.

Or click "Quote" below my post to see how I made my link.
Lovecomps
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January 29th, 2019 at 8:47:14 AM permalink
Putting the numbers aside, the simple answer is that the odds are to low to even justify getting a ticket in the first place.
The best things in life are not free.
Nathan
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January 29th, 2019 at 8:50:11 AM permalink
Quote: Lovecomps

Putting the numbers aside, the simple answer is that the odds are to low to even justify getting a ticket in the first place.



The person who won 1.6 billion before taxes on a $2 investment Mega Millions Lottery ticket is LAUGHING at what you said. In fact, they are LAUGHING so hard they on rolling on the floor! ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
Lovecomps
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January 29th, 2019 at 9:01:52 AM permalink
Quote: Nathan

The person who won 1.6 billion before taxes on a $2 investment Mega Millions Lottery ticket is LAUGHING at what you said. In fact, they are LAUGHING so hard they on rolling on the floor! ;)



Actually, it's the state(s) that are laughing at the players, week after week, all the way to the bank. :-).


Still, feel free to go for it if you like. I'll stick to my 1.41/1.36 (more or less) disadvantage on a simple P/DP bet on the craps table :-). Also, I never heard of a losing lottery player getting a free drink along the way :-).
The best things in life are not free.
unJon
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January 29th, 2019 at 9:07:03 AM permalink
Quote: Nathan

The person who won 1.6 billion before taxes on a $2 investment Mega Millions Lottery ticket is LAUGHING at what you said. In fact, they are LAUGHING so hard they on rolling on the floor! ;)

Did that ticket ever get cashed?
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Nathan
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January 29th, 2019 at 9:14:24 AM permalink
Quote: Lovecomps

Actually, it's the state(s) that are laughing at the players, week after week, all the way to the bank. :-).



I imagine the state of Florida Lottery Commission stopped laughing in middle of rambunctious laughter when the 1.6 billion dollar ticket won. The Florida Lottery Commission. "HA HA HA HA HA.... "The 1.6 Billion dollar ticket has been pulled up today." OH CRAP!'
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
michael99000
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January 29th, 2019 at 9:17:02 AM permalink
Quote: Nathan

I imagine the state of Florida Lottery Commission stopped laughing in middle of rambunctious laughter when the 1.6 billion dollar ticket won. The Florida Lottery Commission. "HA HA HA HA HA.... "The 1.6 Billion dollar ticket has been pulled up today." OH CRAP!'



They knew someone would eventually win it.
Nathan
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January 29th, 2019 at 9:18:48 AM permalink
Quote: michael99000

They knew someone would eventually win it.



Knowing something would eventually happen is one thing. It actually happening is a whole nother thing. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
Nathan
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January 29th, 2019 at 9:26:13 AM permalink
Highest Ranking Members, can I make THIS thread my Florida Lottery Numbers Predictions thread? ;) I nearly ran my Nathan's Corner Thread into the ground when I began making a bunch of Florida Lottery Numbers Predictions Posts on there when the point of NC was supposed to be my RANDOM thoughts and feelings thread. A bunch of Florida Lottery Numbers Predictions is kind of specific, not random. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
Lovecomps
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January 29th, 2019 at 9:28:51 AM permalink
Quote: Nathan

The person who won 1.6 billion before taxes on a $2 investment Mega Millions Lottery ticket is LAUGHING at what you said. In fact, they are LAUGHING so hard they on rolling on the floor! ;)



They couldn't care less beause a) that money only represents the prize after they took out thier rather sizable cut b) they'll put a huge tax on the money if the winner takes it up front instead of a 20 year annuity (always take it up front) and c) They knew that someone would win it sooner or later- that's why it's there in the first place.

Trust me, they laugh all the way to the bank week after week.

According to Google, as of 11/2018 nobody has claimed it. Hopefully they have moved and found a way to form a blind trust or other instrument to keep them anonymous.

They have 180 days to claim it and the only one who's getting annoyed about it is the merchant who sold it because he gets 50K once the winner steps forward. He's still waiting. :-).
The best things in life are not free.
tringlomane
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January 29th, 2019 at 9:42:00 AM permalink
Quote: unJon

Did that ticket ever get cashed?



No, it has not. At this point you have to wonder if the ticket has been lost, which would be a huge win to all the states offering Mega Millions. But there is still time to claim it. They have roughly until April 22nd. I would be paranoid to wait that long to cash if I was lucky enough to possess the ticket.

So contrary to what Nathan thinks, lottery commissions certainly didn't say "Oh Crap" when someone won. They have PLENTY of money to cover it. A winner was a certainty unless you abruptly halted the game nationwide. And now there is a chance that the member states of Mega Millions get to split it all themselves if the ticket remains unclaimed.
RonC
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January 29th, 2019 at 9:43:30 AM permalink
Quote: Nathan

I imagine the state of Florida Lottery Commission stopped laughing in middle of rambunctious laughter when the 1.6 billion dollar ticket won. The Florida Lottery Commission. "HA HA HA HA HA.... "The 1.6 Billion dollar ticket has been pulled up today." OH CRAP!'



No, they didn't. The states still made a crapton of money on people making a bad bet. No one was even concerned, because the prize was calculated just the same as every other one. In fact, they were probably happy that it was won in their state. More good publicity for a crappy bet. Why would I say they may have been happy? There is a store in a nearby town that has a reputation for having some winners. they have a brand new store location (they sold the other one to the government for a highway project) that now includes a drive through lottery window so you can get tickets even more easily now.

You have seen the math on the lotteries, haven't you?

I do buy tickets; I could win...but the fact that it is a bad bet still does not change.
rsactuary
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January 29th, 2019 at 9:51:06 AM permalink
Quote: Nathan

I imagine the state of Florida Lottery Commission stopped laughing in middle of rambunctious laughter when the 1.6 billion dollar ticket won. The Florida Lottery Commission. "HA HA HA HA HA.... "The 1.6 Billion dollar ticket has been pulled up today." OH CRAP!'



That is not at all how it works.
Nathan
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January 29th, 2019 at 12:20:57 PM permalink
The way I see it, once that 1.6 billion dollar ticket is pulled up, the frenzy is OVER. Even people who were talking crap about how bad Lottery Odds were were buying tickets themselves when it reached the billion dollar mark. So, no more Frenzy=less people playing money in the Lottery=Oh crap from The Florida Lottery Commission. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
OnceDear
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January 29th, 2019 at 12:32:30 PM permalink
Quote: Nathan

Highest Ranking Members, can I make THIS thread my Florida Lottery Numbers Predictions thread? ;) I nearly ran my Nathan's Corner Thread into the ground when I began making a bunch of Florida Lottery Numbers Predictions Posts on there when the point of NC was supposed to be my RANDOM thoughts and feelings thread. A bunch of Florida Lottery Numbers Predictions is kind of specific, not random. ;)


My vote's for No. But I won't take action until I have opinions from other mods.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
Nathan
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January 29th, 2019 at 12:33:48 PM permalink
Quote: OnceDear

My vote's for No. But I won't take action until I have opinions from other mods.



Come on, it's better than cluttering up Nathan's Corner with my Florida Lottery Numbers Predictions! :P
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
michael99000
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January 29th, 2019 at 12:42:33 PM permalink
Quote: tringlomane

No, it has not. At this point you have to wonder if the ticket has been lost, which would be a huge win to all the states offering Mega Millions. But there is still time to claim it. They have roughly until April 22nd. I would be paranoid to wait that long to cash if I was lucky enough to possess the ticket.

So contrary to what Nathan thinks, lottery commissions certainly didn't say "Oh Crap" when someone won. They have PLENTY of money to cover it. A winner was a certainty unless you abruptly halted the game nationwide. And now there is a chance that the member states of Mega Millions get to split it all themselves if the ticket remains unclaimed.



It’s crazy to think that if it was indeed lost by the original buyer , and it was not somehow lit on fire or torn up or destroyed , that a 1.6 billion dollar lottery ticket could be in existence and not be known about.

Maybe people are scouring landfills within a certain radius of the store it was sold in.

I also wonder if the store could release surveillance video of the person actually purchasing it. They know the time of day, just a matter of syncing up the store video
OnceDear
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January 29th, 2019 at 1:16:40 PM permalink
Quote: Nathan

Come on, it's better than cluttering up Nathan's Corner with my Florida Lottery Numbers Predictions! :P

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Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
FleaStiff
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January 29th, 2019 at 1:44:20 PM permalink
in effect a casino takes twenty six cents fro your five dollar roulette bet and lets you gamble with the rest.

The lottery takes ninety seven cents of your dollar and lets you gamble with the three cents.

not a good bargain.
unJon
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January 29th, 2019 at 2:03:31 PM permalink
Quote: FleaStiff

in effect a casino takes twenty six cents fro your five dollar roulette bet and lets you gamble with the rest.

The lottery takes ninety seven cents of your dollar and lets you gamble with the three cents.

not a good bargain.

I thought RTP was in the 40s?
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
Nathan
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January 29th, 2019 at 2:09:17 PM permalink
Quote: FleaStiff

in effect a casino takes twenty six cents fro your five dollar roulette bet and lets you gamble with the rest.

The lottery takes ninety seven cents of your dollar and lets you gamble with the three cents.

not a good bargain.



In two of my local Casinos, a Roulette game is $2 minimum. The Maximum is $500. A $500 straight up bet on say number 20 is a payout of $17,500 before taxes. A Mega Millions ticket is $2. A straight number and the MB say 2,8,9,30,32 mb 10 has paid out 1.6 billion before taxes. Obviously 1.6 billion before taxes is a lot more than just $17,500 before taxes. There is no way that Roulette is the better game to play.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
OnceDear
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January 29th, 2019 at 2:19:37 PM permalink
Quote: Nathan

In two of my local Casinos, a Roulette game is $2 minimum. The Maximum is $500. A $500 straight up bet on say number 20 is a payout of $17,500 before taxes. A Mega Millions ticket is $2. A straight number and the MB say 2,8,9,30,32 mb 10 has paid out 1.6 billion before taxes. Obviously 1.6 billion before taxes is a lot more than just $17,500 before taxes. There is no way that Roulette is the better game to play.

SMH !
You've been a member on this forum for how long?
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
KevinAA
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January 29th, 2019 at 3:17:43 PM permalink
Quote: Nathan

In two of my local Casinos, a Roulette game is $2 minimum. The Maximum is $500. A $500 straight up bet on say number 20 is a payout of $17,500 before taxes. A Mega Millions ticket is $2. A straight number and the MB say 2,8,9,30,32 mb 10 has paid out 1.6 billion before taxes. Obviously 1.6 billion before taxes is a lot more than just $17,500 before taxes. There is no way that Roulette is the better game to play.



1) 1.6 billion is the fake jackpot; it's the sum of annuity payments over 30 years. The cash value is a 40% haircut off that (then pay taxes on that at very high marginal rates).
2) The jackpot isn't 1.6 billion dollars for every drawing. It starts at a measly $40 million and very rarely ever gets that high.
3) You can play roulette 24/7. Lottery drawings are held twice a week, again usually with a jackpot that is so low that the expected return is around 50%.
4) The variance in roulette, even on a single spot, is basically nothing compared to the massive variance of the lottery.
michael99000
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January 29th, 2019 at 3:39:25 PM permalink
Quote: Nathan

In two of my local Casinos, a Roulette game is $2 minimum. The Maximum is $500.



You can get a nice 9 spin martingale going on an outside bet at that table.
Nathan
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January 29th, 2019 at 5:03:59 PM permalink
So, went to Lottery Odds, ;) and they estimated that the 1.6 billion is more like $600 million after taxes, for lump sum because most people don't want to wait 20-30 years for all their payments to come into fruition, ;) and if they do another 33 percent tax cut, it's more like $400 million but still $400 million is still a really good take home pay. On just a $2 bet. Now I'm talking about the 1.6 billion dollar prize that was pulled up in October. Winning the 40 million which it starts at has like 66 percent taxes(If they tax you twice) and you still take home over 13 million , you still are set for the rest of your life if you don't blow it within 2 years.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
Hullabaloo
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OnceDearFTB
January 29th, 2019 at 7:12:25 PM permalink
Quote: OnceDear

SMH !
You've been a member on this forum for how long?



Apparently not long enough.

Nathan, most of the people here are well versed with math and many of them have tried to help you better understand the relationship between math and gambling. I suspect the lack of interest in your lottery pics wasn't because it was "supposed to be my RANDOM thoughts and feelings thread", but because nobody gave a damn. Very few people are from Florida anyway, and for a bunch of people who already know/believe that the lottery is a complete waste of time it's more than a little bit of a stretch to think they would be interested in or believe that someone was able to "predict" upcoming numbers. Especially someone who, as I recall, did pretty damn poorly when they tried.

Now if you want to start a thread on handicapping horses that might be a different.
Nathan
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January 29th, 2019 at 10:47:39 PM permalink
Well about The Florida Lottery, if you DON'T have all five winning numbers in Fantasy 5 , you would hope a top prize DOESN'T get won because if it rolls down, the second prize multiples by roughly 5 times and the third prize gets doubled. :) Last night's numbers were 9,13,28,31,35. I had bought an advance ticket for 5 days with an EZ Match on January 4th. So $6 is what I paid,$5 for the 5 days and $1 for the EZ Match.

An EZ Match means you have a chance to win a lot of money if one of your Fantasy 5 numbers matches the numbers on the bottom and you can win up to $2500 for just literally $1. But you are more likely to either lose, break even, or win about a dollar or two more than what you paid. In fact, I've only won $50 once and $25 a couple of times. I've never won $500 even once On an absolute perfect game, every number matches your own for $500 each or $2500. They also give super EZ Match where the prizes are multiplied and the lowest prize is $5 and the top prize is $1,000, so a perfect game is $5,000, not bad on a $2 game.

Only one of my 5 drawings showed up and only two numbers showed up, meaning it was a free ticket. My instinct told me to hold off on cashing it in for a while. Last night my instinct told me to cash it in. I did and I noticed that my free ticket was all odd numbers, which was odd, ;) and last night, the winning numbers were mostly odd numbers! ;) And 3 of those numbers were MY odd numbers and it was a Roll down, meaning my winnings would be doubled! :) My free ticket will net me $20! I will more than triple my original $6 investment. :) Shame I didn't get one more. One more winning number would have given me $555. :( So like I was saying, if you are not the Fantasy 5 top winner, but still won a second or third prize, you want a Roll down. :)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
beachbumbabs
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FTB
January 29th, 2019 at 11:32:43 PM permalink
Quote: Nathan

I kind of got permission from an Admin to start this thread.
How to calculate Florida Odds! :D

www.lotto.net/florida-lotto/prizes

Fresh edit. Something is wrong with my linking. It is just putting posters back to the this very thread instead of the website. :/ The website in my signature doesn't even link at all. Have my linking privileges been revoked? :/

[edit by mod(OD) Fixed link for you. Links in Sigs don't work, by design]



You. ..kinda...got permission to

Start a thread

About lottery odds

from whom?

And

A thread based on gambling so lousy

And unwelcome here

That YOU'RE complaining lottery odds crashed your Nathan's corner.

No.

Absolutely not.

You broke the agreement you made with Wizard not to start new threads. Because...what? You kinda think you have permission?

Take your bad lottery advice to a bad gambling site.

This thread will self-destruct at 9am Vegas time.
If the House lost every hand, they wouldn't deal the game.
Wizard
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January 30th, 2019 at 12:14:46 AM permalink
Quote: Nathan

Highest Ranking Members, can I make THIS thread my Florida Lottery Numbers Predictions thread?



No! This thread was supposed to be a venue for you to show how the odds in the Florida lottery are calculated. Not just throw out a link about it. Unless I see some serious discussion about the mathematics of the Florida Lottery, I will be closing this thread. Either way, you should be putting your lottery picks in your corner or another site.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
KevinAA
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January 30th, 2019 at 1:38:10 AM permalink
There is a forum I visit occasionally that is exclusively dedicated to lotteries. Some of the topics are about the lottery in general, and some of the threads are predictions for pick 3, pick 4, etc. I'll post the link if allowed.
FleaStiff
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January 30th, 2019 at 4:45:12 AM permalink
Quote: FleaStiff

in effect a casino takes twenty six cents fro your five dollar roulette bet and lets you gamble with the rest.

The lottery takes ninety seven cents of your dollar and lets you gamble with the three cents.

not a good bargain.



PLEASE, before this thread or its posters self destruct, will an AUTHOITAVE poster please indicate whether or not my post is acorrect analysis?
Nathan
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January 30th, 2019 at 5:53:29 AM permalink
Quote: Wizard

No! This thread was supposed to be a venue for you to show how the odds in the Florida lottery are calculated. Not just throw out a link about it. Unless I see some serious discussion about the mathematics of the Florida Lottery, I will be closing this thread. Either way, you should be putting your lottery picks in your corner or another site.



I tried to talk serious odds when I mentioned that Lottery Odds said that 1.6 billion is more like 600 million after taxes and 400 million if taxes are taken out again. I'll admit I'm not good with calculating Lottery Odds. ;)
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
gamerfreak
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January 30th, 2019 at 5:59:58 AM permalink
Quote: FleaStiff

PLEASE, before this thread or its posters self destruct, will an AUTHOITAVE poster please indicate whether or not my post is acorrect analysis?


While I won’t claim to be authoitave, the return on most fixed jackpot lottery games is around 50%, not 3%.
FleaStiff
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January 30th, 2019 at 6:14:57 AM permalink
Quote: gamerfreak

While I won’t claim to be authoitave, the return on most fixed jackpot lottery games is around 50%, not 3%.


okay. authoritative.

not referring to roi,
but to a sort of turnstile for playing the game.
Joeman
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January 30th, 2019 at 6:43:58 AM permalink
Quote: FleaStiff

not referring to roi,
but to a sort of turnstile for playing the game.

I've seen those guys in the convenience stores with scratchers. They get $10/$20/$50 worth of tickets and scratch them at the counter. If they have any winners, they convert them into more tickets. Rinse, repeat until they bust out. I could see their overall return being 3% or less.

I am also not an authority, but I did stay at a Holiday Inn Express last night!
"Dealer has 'rock'... Pay 'paper!'"
Lovecomps
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January 30th, 2019 at 7:54:20 AM permalink
Quote: Joeman

I've seen those guys in the convenience stores with scratchers. They get $10/$20/$50 worth of tickets and scratch them at the counter. If they have any winners, they convert them into more tickets. Rinse, repeat until they bust out. I could see their overall return being 3% or less.




I wondered, for the longest time, what kind of lost soul would actually buy a $50 scratch-off, especially when it might represent such a huge portion of a low wage workers gross pay (and that's assuming that they get a 40 hour work week). I figured it out. They're buying those expensive ones because they're teaming up with others to make an office pool.

The kind I like is where 10 guys at the office pool their money and lose and then one of thier wives coincidentally picks the winning ticket. :-)
The best things in life are not free.
Nathan
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January 30th, 2019 at 8:02:36 AM permalink
Good news! :D I have found a new "Apartment" where the Tenants and the Landlord LOVE the Lottery. ;) They not only LOVE the Lottery, they hold Lottery get togethers, and Lottery parties basically every day. :D
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
OnceDear
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January 30th, 2019 at 8:14:42 AM permalink
Quote: Nathan

Good news! :D I have found a new "Apartment" where the Tenants and the Landlord LOVE the Lottery. ;) They not only LOVE the Lottery, they hold Lottery get togethers, and Lottery parties basically every day. :D

Another damned metaphor? Good news indeed: So, you found a forum where the members will appreciate your musings about the Florida Lottery? Great. Take it there. Give them the exclusive on your best lottery themed content. If we need to keep up to speed, I'm confident we'll find it with google.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
Nathan
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January 30th, 2019 at 8:42:38 AM permalink
Quote: OnceDear

Another damned metaphor? Good news indeed: So, you found a forum where the members will appreciate your musings about the Florida Lottery? Great. Take it there. Give them the exclusive on your best lottery themed content. If we need to keep up to speed, I'm confident we'll find it with google.



I had known about it before, but I was having trouble finding out how to get my own apartment. I was allowed to visit other tenant's apartments, but today I finally mustered the courage to ask the Landlord how to get my own apartment and he told me. I'm going to move in today! :D Edit. I JUST moved in , literally a few minutes ago and already 4 other Tenants have been to my apartment. :)
Last edited by: Nathan on Jan 30, 2019
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
beachbumbabs
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January 30th, 2019 at 9:07:11 AM permalink
Quote: Wizard

No! This thread was supposed to be a venue for you to show how the odds in the Florida lottery are calculated. Not just throw out a link about it. Unless I see some serious discussion about the mathematics of the Florida Lottery, I will be closing this thread. Either way, you should be putting your lottery picks in your corner or another site.



I hold deletion in abeyance, deferring to the Wizard statement above.
If the House lost every hand, they wouldn't deal the game.
michael99000
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January 30th, 2019 at 9:29:56 AM permalink
Quote: beachbumbabs

I hold deletion in abeyance, deferring to the Wizard statement above.



She said earlier that the lottery is a better bet than roullette because winning 1.6 billion is better than winning $35

This is the forum member in charge of a thread discussing lottery odds ?
unJon
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January 30th, 2019 at 9:37:33 AM permalink
So is this like Nathan’s second corner? Is she going to have a square soon?
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
PokerGrinder
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January 30th, 2019 at 9:38:57 AM permalink
Nathan should have a triangle, triangles are the best shape.
You can shear a sheep a hundred times, but you can skin it only once. — Amarillo Slim Preston
FleaStiff
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January 30th, 2019 at 10:04:03 AM permalink
well, i'm lost.

ran into a young girl at the grocery store happily feeding lotto vending machine with her free ticket winnings.

same five dollars she was ecstatic.
Nathan
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January 30th, 2019 at 11:39:59 AM permalink
Cash For Life has a 1 in 8 odds of winning. That doesn't seem bad at all until you realize that you are most likely only going to win about $1 extra 95 percent of the time.
In both The Hunger Games and in gambling, may the odds be ever in your favor. :D "Man Babes" #AxelFabulous "Olive oil is processed but it only has one ingredient, olive oil."-Even Bob, March 27/28th. :D The 2 year war is over! Woo-hoo! :D I sometimes speak in metaphors. ;) Remember this. ;) Crack the code. :D 8.9.13.25.14.1.13.5.9.19.14.1.20.8.1.14! :D "For about the 4096th time, let me offer a radical idea to those of you who don't like Nathan -- block her and don't visit Nathan's Corner. What is so complicated about it?" Wizard, August 21st. :D
beachbumbabs
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January 30th, 2019 at 11:52:34 AM permalink
Quote: Nathan

Cash For Life has a 1 in 8 odds of winning. That doesn't seem bad at all until you realize that you are most likely only going to win about $1 extra 95 percent of the time.



Sorry, I can't take it - i was going to stay quiet, but no. This thread needs to be deleted, please. It explicitly violates the nathan agreement. Wizard warned, and this is what he got back for "math". We need an eviction here, in nathan-speak, since there are many other lottery apartments for rent.
.
If the House lost every hand, they wouldn't deal the game.
OnceDear
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January 30th, 2019 at 11:55:01 AM permalink
Quote: beachbumbabs

Sorry, I can't take it - i was going to stay quiet, but no. This thread needs to be deleted, please. It explicitly violates the nathan agreement. Wizard warned, and this is what he got back for "math". We need an eviction here, in nathan-speak, since there are many other lottery apartments for rent.
.

I'd locked the thread moments ago, deliberately not posting, because I didn't want to bump it.
Psalm 25:16 Turn to me and be gracious to me, for I am lonely and afflicted. Proverbs 18:2 A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
Wizard
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January 30th, 2019 at 1:29:49 PM permalink
I concur with locking this thread. It is a shame because there were some decent posts. If anybody has anything of value to say about any lottery, except Nathan, then you may start a new thread for it. For example, there was a very good piece on 60 Minutes last week about a retired math teacher who made millions on the Michigan and Massachusetts lotteries in a "roll down" game. Now that would make for a good topic, but I'll let somebody else start it.

I do oppose deleting this thread.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
Wizard
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January 31st, 2019 at 12:10:32 PM permalink
All right, I reopened this thread after re-titling it "Lottery Discussion." This should be a venue to discuss advantage plays in the lottery and general lottery rules and mathematics. It is absolutely prohibited to post lottery picks here and will be punishable with a suspension. I have a feeling this thread will fly off the rails again, in which case my finger is on "close" button and ready to click on it.

As I mentioned before, here is a good lottery story that was on 60 Minutes last Sunday, A retired couple explain exactly how they used math skills and a lottery loophole to win $26 million in 9 years.
"For with much wisdom comes much sorrow." -- Ecclesiastes 1:18 (NIV)
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