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I buy lotto tickets occasionally and use the quick-pick numbers. Some years ago I matched 5 of the 6 numbers, missing the powerball number by one digit, and won $2,500. The worst part was having to take a day's vacation to drive 200 miles to claim the money.
Being one off on the powerball or any other number is no different than being off by 50 fwiw
I used to work with a group in the wealth management business who worked almost exclusively with lottery winners and typically the money lasted 3-5 years max regardless of the amount of winnings.
Interestingly the same timeframe pretty much applies to people who inherit money as well. I read a study years ago that talked about a subconscious desire to dispose of money you received but didn't earn. Those who come into a windfall of money, that didn't already have money prior to that usually blow it
Being one off on the powerball or any other number is no different than being off by 50 fwiw...
What you and one other poster dont understand is that it's the excitement of coming so close to winning the grand jackpot that counts. I guess some people would be depressed or upset about missing it by one digit but I was thrilled. I was so excited -- even today, years later, I get chills when I think about it.
And I'm thrilled when I win $3 or $5, even though, in some eyes, I've lost money. But there are those of you who feel one way and there are those of us who feel another.
What you and one other poster dont understand is that it's the excitement of coming so close to winning the grand jackpot that counts. I guess some people would be depressed or upset about missing it by one digit but I was thrilled. I was so excited -- even today, years later, I get chills when I think about it.
And I'm thrilled when I win $3 or $5, even though, in some eyes, I've lost money. But there are those of you who feel one way and there are those of us who feel another.
No I understand the idea of getting so close but you were no closer than any other 5 out of 6 combination that in an of itself is fun but you only being one digit off of the powerball isn't closer to winning
No I understand the idea of getting so close but you were no closer than any other 5 out of 6 combination that in an of itself is fun but you only being one digit off of the powerball isn't closer to winning
It seems to bother you that I was so excited about being one digit away from winning. Too bad.
It seems to bother you that I was so excited about being one digit away from winning. Too bad.
I'm not bothered but you were not one digit away. The math behind the probability and odds is what you are lacking. The lottery and all forms of gambling count on this
Last edited by Lowexpectations; 05-14-2015 at 05:12 AM..
The math behind the probability and odds is what you are lacking. The lottery and all forms of gambling count on this
The odds of any individual winning the lottery are very low. The odds of SOMEONE eventually winning the lottery are 100%. Since the numbers are random, you have the same chance (per set of numbers) as anyone else. To me, that is the entertainment in playing.
I buy lotto tickets occasionally and use the quick-pick numbers. Some years ago I matched 5 of the 6 numbers, missing the powerball number by one digit, and won $2,500. The worst part was having to take a day's vacation to drive 200 miles to claim the money.
Something is wrong with this story.......Powerball pays 1,000,000 for 5 of 6, missing just the powerball in the current format. In the prior format I believe it paid 250,000.
That's the way I feel about it too and others have told me they feel that way, as well. It's purely entertainment -- everyone can dream of winning and it's cheaper than other forms of entertainment. And I dont care who doesnt believe that.
Good point!
It is kind of like when I go to a strip club, I consider my cash contributions to Candi, Summer, Bubbles or whatever their name of the week is as a contribution to their college fund, like a "stripper scholarship!" Since they always tell me they are working their way through college, I just think of all the books, tuition, backpacks, computers, pro-tractors, microscopes, stethoscopes that I am really buying for this hardworking student! Some girls even have college uniforms, some are dressed like cheerleaders while others go with a plaid skirt and white shirt. Oddly enough these girls must still be growing because the skirts are short and the buttons must be missing because they are always short a few buttons on the shirts at the top! One girl is probably going to be a nurse because she comes to work in a nurses uniform.
The odds of any individual winning the lottery are very low. The odds of SOMEONE eventually winning the lottery are 100%. Since the numbers are random, you have the same chance (per set of numbers) as anyone else. To me, that is the entertainment in playing.
You missing the point I was making. If your powerball number was 20 and the actual one drawn was 19 you were no closer to winning that someone who had a powerball of 1, 30 or 50
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