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Old 12-17-2013, 01:08 PM
 
27,625 posts, read 21,023,223 times
Reputation: 11091

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Quote:
The Mega Millions jackpot inched toward a US lottery record Monday as it soared to $586 million amid a frenzy of ticket purchases, raising the possibility that the prize could pass the once-unthinkable $1 billion mark by Christmas Eve should nobody win before then.

Mega Millions jackpot on track to set lotto record: Mega Millions hits $586 million - CSMonitor.com
I very seldom even bother to purchase a lottery ticket, but does anyone else agree that if the jackpot goes above a certain amount, there should be more than one set of winning numbers chosen? Has the greed virus gotten to the point that winning a million or a few million is not good enough? The odds of winning are so small that picking more than one set of numbers at least gives more people a chance to win and makes the terrible odds a bit more reachable.
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Old 12-17-2013, 01:11 PM
 
Location: Tyler, TX
23,449 posts, read 23,792,574 times
Reputation: 14797
That's insane (suggesting that they pick more than one set of winning numbers). It's no different than a person buying two tickets - they have two chances, either way. If people want better odds, then they should either buy more tickets, or not play at all.
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Old 12-17-2013, 01:14 PM
 
11,768 posts, read 10,211,343 times
Reputation: 3444
The lottery isn't supposed to be reachable, it's supposed to be a tax on stupidity with proceeds going to fund education. It would be nice if the lottery had reasonable odds though, but the payoff wouldn't be as large if that was the case.
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Old 12-17-2013, 01:14 PM
 
7,006 posts, read 6,966,932 times
Reputation: 7058
People who buy lottery tickets are suckers.
You'd be better off using your $50 on scratch tickets at least you'd win a few bucks.

Disturbing Facts About State Lotteries: They Prey on the Poor and Trash the Economy, and Political Leaders Don't Care (Hard Times USA) | Alternet

yes I'm quoting the radical left-wing nutterbutter blog Alternet
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Old 12-17-2013, 01:48 PM
 
Location: it depends
6,369 posts, read 6,378,751 times
Reputation: 6388
Wow, sick, you are one dedicated income redistributor--any time, in any context, regardless of whether the 1%'er got it by being lucky in a lottery, or built it himself.

You win the prize for Most Consistent Poster.

But in answer to your question, I believe they ought to pay out the prizes in accordance with the stated public rules.
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Old 12-17-2013, 02:09 PM
 
69,368 posts, read 63,845,924 times
Reputation: 9383
Quote:
Originally Posted by sickofnyc View Post
I very seldom even bother to purchase a lottery ticket, but does anyone else agree that if the jackpot goes above a certain amount, there should be more than one set of winning numbers chosen? Has the greed virus gotten to the point that winning a million or a few million is not good enough? The odds of winning are so small that picking more than one set of numbers at least gives more people a chance to win and makes the terrible odds a bit more reachable.
I find it funny that you dont equate to taking someones ability to "win" as much as they can, as greedy, which is exactly what you just did..
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Old 12-17-2013, 02:10 PM
 
69,368 posts, read 63,845,924 times
Reputation: 9383
Quote:
Originally Posted by renault View Post
People who buy lottery tickets are suckers.
You'd be better off using your $50 on scratch tickets at least you'd win a few bucks.

Disturbing Facts About State Lotteries: They Prey on the Poor and Trash the Economy, and Political Leaders Don't Care (Hard Times USA) | Alternet

yes I'm quoting the radical left-wing nutterbutter blog Alternet
That depends..

Since the odds of winning is something like 1 in 212 million, if one had $212,000,000 and could afford to purchase every single possible combination, thereby guaranteeing them a win, and thus returning one would hope to be upwards of $350,000,000 (i.e., $586 million + your $212M in new ticket purchases, and assuming another individual shared the winnings),

this equates to one heck of a return and not at all a sucker gamble..
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Old 12-17-2013, 02:11 PM
 
46,179 posts, read 26,844,645 times
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Damn right I'm buying a few tickets...why not..
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Old 12-17-2013, 02:12 PM
 
69,368 posts, read 63,845,924 times
Reputation: 9383
Quote:
Originally Posted by swagger View Post
That's insane (suggesting that they pick more than one set of winning numbers). It's no different than a person buying two tickets - they have two chances, either way. If people want better odds, then they should either buy more tickets, or not play at all.
haha, the fact that this needs explained to some individuals, who happen to be the loudest posters here who try to pretend to explain economics to us, is histerical..
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Old 12-17-2013, 02:13 PM
 
Location: North America
19,784 posts, read 15,038,972 times
Reputation: 8526
meh...
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