Powerball

[moneymaker]

Bought 3 tickets, 2 more than I need. Anybody else playing? Not sure whether to take the cash or 20 year payout. Also considering buying some Ronald McDonalds House raffle tickets, anybody know the address of the house they are raffling off? Anybody in Temecula feel the earthquake, didn’t feel it down here in San Diego.

[Coronita]

The only raffle I participate in is the BMW CCA annual raffle. The odds of winning a car are 1 in 5000. And that’s a lot better than the odds of someone having my medical condition: 1 in 10000

I’ve won the unlucky health raffle, but I haven’t won an M3/M4 yet. 🙁

[The-Shoveler]

I just wish the Powerball was $1 a ticket, $2 seems a bit steep for a what the heck slot machine pull.

That 4.x quake was probably 75 miles out from Temecula

Doubt anyone would feel it in TV.

[moneymaker]

Yeah if the powerball was a slot machine in Vegas I probably would walk right by it and not play. By the way flu the second grand prize in the McDonalds raffle is a 2016 BMW M6 convertible which goes from 0-60 in 4.2 seconds. They are also giving away a 2016 tesla model S.

[Coronita]

[quote=moneymaker]Yeah if the powerball was a slot machine in Vegas I probably would walk right by it and not play. By the way flu the second grand prize in the McDonalds raffle is a 2016 BMW M6 convertible which goes from 0-60 in 4.2 seconds. They are also giving away a 2016 tesla model S.[/quote]

Yeah but the odds are really slim relative to the bmw cca raffle

[moneymaker]

True,depending on number of tickets sold. Just found out the Powerball gives option for 29 year payout. So I would probably take that to insure future ability to be a philanthropist with a write off.

[paramount]

I did not feel the quake in Temec

[zk]

I did feel the quake in Carmel Valley. I woke just before my alarm, and I was lying perfectly still in bed. I felt a slight vibration and wondered if it was a quake or maybe my wife moving some furniture. Yes, she does that before 7am sometimes. Sure enough, it was at the exact time of the quake in Banning.

I’ll buy a ticket if I remember.

[moneymaker]

$500 Million now. I’m going to give everyone in my family $14,000 if I win the “big one”.

[exsdgal]

How does one buy a Powerball ticket? I know tickets can be bought at a convenience store, is there something specific to do for these tickets.

The odds of me checking Piggington at this time of the day is rare, and historically anything I hear or read out of the blue has affected my life in some shape or form. Makes me wonder should I buy one today? (As I write this I hear a rolling thunder) In case I end up buying one and win, each of you shall receive a token of appreciation 🙂 Ciao.

[XBoxBoy]

[quote=exsdgal]How does one buy a Powerball ticket? I know tickets can be bought at a convenience store, is there something specific to do for these tickets.[/quote]

It’s super easy. You walk into a store that sells tickets (liquor store, convenience store, wherever) plunk down $2 per ticket and they give you a chit of paper with your numbers on it.

Then after the drawing tonight you look online and see if you matched all five numbers and the power ball number.

[no_such_reality]

I used to enjoy it for the entertainment value of the fantasy for a day or two. And the occasional $10 and chance to match 5 and win a million or two. In October, they revamped and now almost all the money goes to just the final jackpot.

Before you could match 5 of 59 at about 1 in 5 million odds and due to Cali’s para mutual payout system get $1-$2 million. It was still statistically irrelevant, but a more reasonable fantasy. Now, it’s 1 in 11 million for Saturday’s person that hit 5 was a mere $424K. Sure, $424K isn’t anything to sneeze it. I think it’ll even buy a house in SD, a condo in OC or a downpayment in San Fran.

[Hatfield]

If you win, don’t tell anyone. Certainly don’t tell any of us Piggs.

Comment
by u/BlakeClass from discussion You just won a 656 Million Dollar Lottery. What do you do now?
in AskReddit

[Reality]

“Lottery: A tax on people who are bad at math.”

Ambrose Bierce

[Coronita]

So, my understanding is that Powerball has 6 numbers.

The first 5 you pick from 1 to 69.
The last number you pick from 1 to 26.

So the odds are 1:292.2 million (roughly) if you pick your own numbers.

But if you let the computer pick the numbers for you, aren’t you basically saying: what’s the probability of the same 6 numbers being picked twice by two independent random events (the machine that sold you the ticket and the actually lottery drawing), and hence you are doubling your odds to 1:584.4 million?

Hypothetically, I guess if you were able to buy every single combination out of the 6 numbers, it would cost you $292.2 million for all the tickets. And with the current jackpot at $550 million, you would come out ahead $257.8 million, if no one else picked the same number. But if someone else happens to pick the same number as you, than you would have to share the prize.

[Author]

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