DansDeals.com Forums
DansDeals Forum => Just Shmooze => Topic started by: Palm5 on January 10, 2016, 01:14:26 PM

I plan on going to Delaware tomorrow to purchase tickets, depending on this outcome.. Delaware is a state in which winners can remain anonymous.
I'm offering to buy people tickets and email to them or they can pick it up in Brooklyn, or Lakewood (I'll be there tomorrow night)
Im charging a premium to cover gas, tolls, and time.
If you purchase 110 tickets, $5 each
11+ tickets will be $4 each
Please pm me your email and amount of tickets you want.

I plan on going to Delaware tomorrow to purchase tickets, depending on this outcome.. Delaware is a state in which winners can remain anonymous.
I'm offering to buy people tickets and email to them or they can pick it up in Brooklyn, or Lakewood (I'll be there tomorrow night)
Im charging a premium to cover gas, tolls, and time.
If you purchase 110 tickets, $5 each
11+ tickets will be $4 each
Please pm me your email and amount of tickets you want.
Your odds of not making it back in one piece are greater then getting the winning ticket.
Unless your cashing in on peoples stupidity to which I say "nicely done".

I hope you don't spend more then 5 seconds of your time above going to the local mini market

Your odds of not making it back in one piece are greater then getting the winning ticket.
Unless your cashing in on peoples stupidity to which I say "nicely done".
Haha. Love it

I plan on going to Delaware tomorrow to purchase tickets, depending on this outcome.. Delaware is a state in which winners can remain anonymous.
I'm offering to buy people tickets and email to them or they can pick it up in Brooklyn, or Lakewood (I'll be there tomorrow night)
Im charging a premium to cover gas, tolls, and time.
If you purchase 110 tickets, $5 each
11+ tickets will be $4 each
Please pm me your email and amount of tickets you want.
Re: Want to remain anonymous, when you win the powerball?
ill pay you more than $5 a ticket when I win :P

Your odds of not making it back in one piece are greater then getting the winning ticket.
Unless your cashing in on peoples stupidity to which I say "nicely done".
Perfect

Don't have any friends in MD, MI, or OH?

Don't you have to be a citizen at the time?

Do you charge extra to have a rabbi bless the tickets???

Guys, come on. You can always set up a revocable trust or a foundation to claim the prize IF you win and that way stay 90% anonymous. Your name won't be easily connected with the winnings, though someone sufficiently motivated could dig through the layers. But I doubt its possible to stay 100% anonymous even if you claim the prize anonymously, unless you don't plan on really using the money.... chavra chavra is lei.

The press will break through any trust.

The press will break through any trust.
Can or will? The jackpot on 2.11.15 was very large and one of the winners was a trust. No digging into that by the media.

Bug difference between large and largest ever by leaps and bounds.
Never seen this much lottery coverage before.

Bug difference between large and largest ever by leaps and bounds.
Never seen this much lottery coverage before.
And that is why they raised the odds.
And the way I figure it, if you wait untill a little before the deadline they will have forgotten all about it. Or claim it on a day of a terrorist attack or something.

Day before deadline and it will be the top story in every paper...

Day before deadline and it will be the top story in every paper...
Unless there's a 1.4bn jackpot before then :)

Day before deadline and it will be the top story in every paper...
Two weeks before then. Or on a day of a bigger story as I said.

Don't have any friends in MD, MI, or OH?
Got my grandfather to do it. Thanks

I smell blackmail.
When we win how much is it gonna cost us for u not leak our identities?

I smell blackmail.
When we win how much is it gonna cost us for u not leak our identities?
I knew that question would come. Would probably be a lot cheaper to pay off one guy than pay off the whole planet 8)

anyone interested in a DDF lottery pool?? im in MD so we can all be anonymous. ;)

I'll join

anyone interested in a DDF lottery pool?? im in MD so we can all be anonymous. ;)
Can't afford your own 2 bucks? :D

any anonymous states take credit/debit card too?

Can't afford your own 2 bucks? :D
I can but the idea of a pool is to increase everyone's chance of winning with that same $2 by splitting the potential winnings.

just curious isn't it illegal to sell a ticket if the buyer is not present? would that prevent you from being able to claim the prize?

just curious isn't it illegal to sell a ticket if the buyer is not present? would that prevent you from being able to claim the prize?
Why is the buyer not present? Where does it say I can't resell my tickets?
When they have pools do all 10 people crowd into the store?

So who's in??!?

So who's in??!?
Started a wiki. I am

Started a wiki. I am
Me, too.

I guess we should make a deadline and a time I will be buying the tickets. Everyone who wants to be part of the pool must pay by paypal or google wallet before the deadline, after which I will purchase the tickets and post pictures here.
I am assuming we are doing $2/each?? Let me know what you all want to do.

I guess we should make a deadline and a time I will be buying the tickets. Everyone who wants to be part of the pool must pay by paypal or google wallet before the deadline, after which I will purchase the tickets and post pictures here.
I am assuming we are doing $2/each?? Let me know what you all want to do.
20 cents each. Buying more than 1=katnus emunah ;)
Anyway, there are 57 other lottery threads, dunno why you picked this one for a pool.

I guess we should make a deadline and a time I will be buying the tickets. Everyone who wants to be part of the pool must pay by paypal or google wallet before the deadline, after which I will purchase the tickets and post pictures here.
I am assuming we are doing $2/each?? Let me know what you all want to do.
I would advise against posting pictures here, rather send the pics to each person through a PM
I would do $4, please pm each name your PayPal or quick pay address.

20 cents each. Buying more than 1=katnus emunah ;)
Anyway, there are 57 other lottery threads, dunno why you picked this one for a pool.
Technically by making a pool or several tickets you are opening up more possibilities of winning amounts which could all very well be what He has in mind for each individual.
Not sure though if you get a bad apple in the pool will it ruin it for the klal :)
also the only thing I get when searching powerball is Dish washing detergent lol where are the other threads?

Technically by making a pool or several tickets you are opening up more possibilities of winning amounts which could all very well be what He has in mind for each individual.
Not sure though if you get a bad apple in the pool will it ruin it for the klal :)
I don't get it, how does buying more than 1 ticket for the pool help you?
Mathematically your odds are still nil. And Gd doesn't need you to spend more money to make you win if he wants you to win.

Bad apples are good in a mix of good apples... חלבנה...

I don't get it, how does buying more than 1 ticket for the pool help you?
Mathematically your odds are still nil. And Gd doesn't need you to spend more money to make you win if he wants you to win.
Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.

I don't get it, how does buying more than 1 ticket for the pool help you?
Mathematically your odds are still nil. And Gd doesn't need you to spend more money to make you win if he wants you to win.
It's tzedakah :)

Why do we need 2 tickets per person?

It's tzedakah :)
To the government?

I'm fine with one $2 ticket.

I'm fine with one $2 ticket.
+1

Changed

Supposedly this is the Staten Island winner, can someone confirm?
Steinhearter?

Impossible to remain anonymous.
Everyone will know something is up. You'll be walking around with a big dumb smile, quiting your job etc.
If you're worried about shnorreres just pay someone to sit outside your house and dish out C notes to everyone everyday. Say 10k a day.

i'm in

Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.
10xnil=nil

I'm in

To the government?
https://www.pay.gov/public/form/start/23779454

I'm in if it's 20 cents for 1 ticket :)

I'm in if it's 20 cents for 1 ticket :)
well what happens if 100 DDF'rs want to be in, then everyone will put in their .02 :o

10xnil=nil
290,000,000 x nil = nil. However, 290,000,000 x 1/290,000,000 = 1, or a 100% chance of winning.

I'm in if it's 20 cents for 1 ticket :)
We can do a $0.20 pool but we would need at least a minyan to start..

290,000,000 x nil = nil. However, 290,000,000 x 1/290,000,000 = 1, or a 100% chance of winning.
sooooo... Can we get 290,000,000 DDF members to join the pool??

We can do a $0.20 pool but we would need at least a minyan to start..
we can make to separate pools one for $2 and one for $0.20 so long as no one drowns...

290,000,000 x nil = nil. However, 290,000,000 x 1/290,000,000 = 1, or a 100% chance of winning.
They're both statistically 0.

sooooo... Can we get 290,000,000 DDF members to join the pool??
Heavens, no! If there would be 290,000,000 DDFers, nobody would be able to discuss anything.

Heavens, no! If there would be 290,000,000 DDFers, nobody would be able to discuss anything.
and the UPS method would for sure have been leaked by now...

and the UPS method would for sure have been leaked by now...
Nope. Whoever finds out about that takes it to the grave. It's called UPS Express.

I'm in

Nope. Whoever finds out about that takes it to the grave. It's called UPS Express.
Let's not go there.
But anyway if this story about the winner in Staten Island is true how can you not believe. I have a question, if you buy 10 games and you win on the 7th game, if you only bought one ticket you would not have one..... Any logical terutzim?

I am in :)

I am in :)
Add name to wiki

If two frum people win consecutive huge lotteries a lot of Jew hating will ensue.

If two frum people win consecutive huge lotteries a lot of Jew hating will ensue.
Is it confirmed that the MM was a Jew?
Besides you just added one of the many points as to why one should opt in to this pool.

Is it confirmed that the MM was a Jew?
Besides you just added one of the many points as to why one should opt in to this pool.
You mean the point that lottery winners r correlated ?

You mean the point that lottery winners r correlated ?
No, that if you wish to remain anonymous buy a ticket in an anonymous state. This way nobody will know of another Jew won ;)

+1. I always make sure to only win the lottery in the anonymous states. That's why none of you have ever heard of me. Don't want to be misgareh ba'umos, ch'v.

Day before deadline and it will be the top story in every paper...
Claim it the day Donald Trump wins the Iowa caucuses... ;D

Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.
Your math is incorrect

Your math is incorrect
Which part?

well what happens if 100 DDF'rs want to be in, then everyone will put in their .02 :o
Lol, good one.
Hmm, debating about joining. Will let you know shortly.

Your math is incorrect
+1000 wondering why it took so long for someone to point out

Which part?
Just keep following your cheshbon.. what would the odds be if you buy 100? 1000?

I'm in. Can someone please add me to the wiki if there are spots avail. I'm on mobile

Just keep following your cheshbon.. what would the odds be if you buy 100? 1000?
his math is correct 100 = 1/2.9m 1000 = 1/290k 10000 = 1/29k 100k= 1/2.9k 1m = 1/290 10m= 1/29 100m = 1/2.9;

his math is correct 100 = 1/2.9m 1000 = 1/290k 10000 = 1/29k 100k= 1/2.9k 1m = 1/290 10m= 1/29 100m = 1/2.9;
Sounds wrong.

I'm in. Can someone please add me to the wiki
Done

Sounds wrong.
Well guess what happens if he buys all 290m tickets?
This isn't dice rolling, he knows his tickets will not be repeated.

Well guess what happens if he buys all 290m tickets?
This isn't dice rolling, he knows his tickets will not be repeated.
Still sounds wrong. 10 tickets is 10 more chances to win. That's all. Not multiplied.

Still sounds wrong. 10 tickets is 10 more chances to win. That's all. Not multiplied.
you dont know how odds work then. His math is 100% correct. when you have 1 ticket it means you have 1 out of the 190 million possible combinations. When you have ten you have 10 of the 290M possibilities which means he has 1/29M of all the combinations.

you dont know how odds work then. His math is 100% correct. when you have 1 ticket it means you have 1 out of the 190 million possible combinations. When you have ten you have 10 of the 290M possibilities which means he has 1/29M of all the combinations.
Your 6 line argument will do little to sway the other side, there are entire books written on this exact subject

please add me in

Your 6 line argument will do little to sway the other side, there are entire books written on this exact subject
what are you talking about. Its straight math what possible arguments could there be?

please add me in
Done

The math is fine, but 1/29M and 1/290M are both statistically insignificant.

The math is fine, but 1/29M and 1/290M are both statistically insignificant.
no argument here on that

what are you talking about. Its straight math what possible arguments could there be?
I'll try to link to something on this topic later when I'm by a computer and have time to check

Your 6 line argument will do little to sway the other side, there are entire books written on this exact subject
Well lets make it simpler to understand.
Lets say the lottery has 10 different possibilities 09.
If you buy 1 ticket, what are your odds? 1/10
If you buy 2 tickets, what are your odds? 2/10
If you buy 3 tickets, what are your odds? 3/10
If you buy 4 tickets, what are your odds? 4/10
If you buy 5 tickets, what are your odds? 5/10
I can keep going and going until my post is as long as the book you'd like to read, but I think you're confused here.

Done
Thanks!

The more important issue is not remaining anonymous but buying a ticket in a state that's tax beneficial for the winner hmmm..... what difference does it make if I'm anonymous and that state has high tax rates.if I'm wrong please explain how so.

The more important issue is not remaining anonymous but buying a ticket in a state that's tax beneficial for the winner hmmm..... what difference does it make if I'm anonymous and that state has high tax rates.if I'm wrong please explain how so.
you pay taxes both where you reside and where you win. Yes one may credit towards the other but it wont help you get out of paying the high rates of where you have residency.

does the purchaser 'gift' the $ to everyone in the pool? Or are they all equal winners?

does the purchaser 'gift' the $ to everyone in the pool? Or are they all equal winners?
It's claimed all together

we will have to make a shabbaton.

we will have to make a shabbaton.
I'm available to daven Shachris. :) Just make sure to eat before. It may take a while. :)

you dont know how odds work then. His math is 100% correct. when you have 1 ticket it means you have 1 out of the 190 million possible combinations. When you have ten you have 10 of the 290M possibilities which means he has 1/29M of all the combinations.
Not convinced.
Each individual ticket has 1 in 290 mm possibility of winning. Buying two tickets dosnt split the 290 in half.
(It's more like rubah deleisa kamon, not more chances. Just more options.)
All jmho

What I do't get is if you guys win, it gets split up into 20. That's 65m each. Do y'all play every time it hits 65m? Unless you're just playing for your much better odds... :)

Not convinced.
Each individual ticket has 1 in 290 mm possibility of winning. Buying two tickets dosnt split the 290 in half.
(It's more like rubah deleisa kamon, not more chances. Just more options.)
All jmho
sorry to be mean but your opinion is wrong. Its straight math.

What I do't get is if you guys win, it gets split up into 20. That's 65m each. Do y'all play every time it hits 65m? Unless you're just playing for your much better odds... :)
Many play it for less than $65M

sorry to be mean but your opinion is wrong. Its straight math.
You can be mean don't worry, I can take it.

I'm in

http://math.stackexchange.com/questions/1369659/ifibuy2lotteryticketsdoidoublemychanceofwinning

Can u plz add me in.

Not convinced.
Each individual ticket has 1 in 290 mm possibility of winning. Buying two tickets dosnt split the 290 in half.
(It's more like rubah deleisa kamon, not more chances. Just more options.)
All jmho
Here, I'll show you:
1 ticket = 1/292mil chance... = 0.000000003424657534246575% chance of winning (See Dan's comments)
2 tickets = 2/292mil chance.. = 0.000000006849315068493151% chance of winning (See Dan's comments)
Just to show the calculator's background thinking for you:
0.000000003424657534246575
+0.000000003424657534246575
___________________________
=0.000000006849315068493150
EDIT: Also, 292mil/2 = 146mil. So do 2 tickets split the 292 in half?
2 tickets = 2/292mil chance.. = 0.000000006849315068493151% chance of winning (See Dan's comments)
292mil/2 = 146mil.
1/146mil = 0.000000006849315068493151% chance of winning (See Dan's comments), the same as 2/292mil.
You see that there is a 0.000000000000000000001 difference between adding and multiplying. Either the calculator dropped that off (because see Dan's comments), or, more likely, the discrepancy didn't work out with decimals, sort of like trying to divide 1 by 3 on a calculator (it will say 0.333333333, which will still leave it just under 1 when multiplied times 3. The decimal version of a number sometimes isn't as accurate as the fraction version of the number, i.e. 1/3).
now let's jump the math up to 10 tickets.
1 ticket = 1/292mil chance........ = 0.000000003424657534246575% chance of winning (See Dan's comments)
10 tickets = 10/292mil chances.. = 0.00000003424657534246575% chance of winning (See Dan's comments)
Just for clarity, let's double check that with the number you get from adding the chances from 1 ticket 10 times.
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
0.000000003424657534246575
+0.000000003424657534246575
___________________________
=0.00000003424657534246575% chance of winning (See Dan's comments)
(Had to switch to scientific calculator to successfully copy+paste the number 10 times and maintain it's total integrity. Standard calculator cut off some numbers).
You notice that it dropped a decimal point.
And what about multiplying the chance from 1 ticket by 10?
10 x 0.000000003424657534246575
....=0.00000003424657534246575 % chance of winning (See Dan's comments)
Notice that it has stayed the same numbers as the adding version, and again, it simply dropped a decimal. So in jumps of ten, the math from adding the number is the same as multiplying the number. Now, here's what seems to get people arguing. Is 10/292mil really the same as 1/29.2mil? Let's find out!
10/292mil = 0.00000003424657534246575% chance of winning (See Dan's comments)
1/29.2mil = 0.00000003448275862068966% chance of winning (See Dan's comments)
Just to be clear, in math, you can often cut down the number on top of the dividing sign, and do the same thing to the number on the bottom half of the dividing sign. It still maintains the integrity of the number in most (but not all) cases. So 2/4 = 1/2 (cut both by 2 AKA in half), 4/8 also = 1/2 (cut both by 4 AKA in quarter), and 5/35 = 1/7 (cut both by 5, AKA in fifths).
So with fractions, it makes sense to say that 10/292mil = 1/29.2mil. You're just cutting both sides by 10, AKA tenths.
As you can see, whether adding or multiplying, the chances for the ticket are almost exactly the same. And the chances shown by doing the numbers out of 292mil or cutting it down to smaller numbers like 29.2mil when doing blocks of 10, 100, 1000, etc. (See Zkpncs48's comment) are almost the same. Sure, the 1 vs. 10 example is off by a couple hundred billionths (the name of the decimal spot where the 1/29.2mil and 10/292mil start to vary), but see Dan's comments about statistical significance. For anyone determining their chances, the numbers are basically the same. I'll let someone else post out the numbers for 100, 1000 etc. amounts of tickets.
TL;DR = See Dan's comments.

Not convinced.
Each individual ticket has 1 in 290 mm possibility of winning. Buying two tickets dosnt split the 290 in half.
(It's more like rubah deleisa kamon, not more chances. Just more options.)
All jmho
???
1 2
 = 
29m 290m
?
?
?

1 2
 = 
29m 290m
Rounded to 2dp, yes. Unrounded, no.

http://math.stackexchange.com/questions/1369659/ifibuy2lotteryticketsdoidoublemychanceofwinning
So I guess you're retracting?
Every answer says that this type of lottery you double your chances by buying 2 different tickets.

So I guess you're retracting?
Every answer says that this type of lottery you double your chances by buying 2 different tickets.
Correct

One things a fact.
Buying two tickets doubles your chance of loosing

One things a fact.
Buying two tickets doubles your chance of loosing
And 290M ?

1 2
 = 
145m 290m
FTFY

FTFY
Right. My bad. So isn't that an indication that the cbc is right?

Right. My bad. So isn't that an indication that the cbc is right?
Not at all. It actually explains why he's wrong. I dont really have the patience to explain it though. Sorry

All mathematical calculations aside, I think that buying 2 tickets doesn't make sense. Your chances are still so low, and the change in likelihood so insignificant, that it doesn't make sense to spend more money. The first ticket purchased I understand, that you want to have a ticket in the biggest lottery in history. I'm not sure what the second tickets adds.
My $.02.

When you win....

All mathematical calculations aside, I think that buying 2 tickets doesn't make sense. Your chances are still so low, and the change in likelihood so insignificant, that it doesn't make sense to spend more money. The first ticket purchased I understand, that you want to have a ticket in the biggest lottery in history. I'm not sure what the second tickets adds.
My $.02.
2nd ticket hurts as I explained earlier ;)

2nd ticket hurts as I explained earlier ;)
You mean this?
20 cents each. Buying more than 1=katnus emunah ;)
Anyway, there are 57 other lottery threads, dunno why you picked this one for a pool.

didnt get email address yet

didnt get email address yet
check inbox now.

I can't believe there was an argument about basic statistics taught in ninth grade math

I can't believe there was an argument about basic statistics taught in ninth grade math
Stranger things have happened

I can't believe there was an argument about basic statistics taught in ninth grade math
Math in ninth grade??

his math is correct 100 = 1/2.9m 1000 = 1/290k 10000 = 1/29k 100k= 1/2.9k 1m = 1/290 10m= 1/29 100m = 1/2.9;
+1

Are we getting all quick picks? Or maybe we should choose some numbers? Perhaps a different powerball number on each game. Or something else if anyone has some insight.

Quick pick is OK for when you buy just one ticket, but as soon as you buy more than one its a waste of money because the machine could randomly pick the same numbers on multiple tickets. Then you'd win multiple times and have to split the prize with yourself.

Quick pick is OK for when you buy just one ticket, but as soon as you buy more than one its a waste of money because the machine could randomly pick the same numbers on multiple tickets. Then you'd win multiple times and have to split the prize with yourself.
Meh don't worry so much.

Quick pick is OK for when you buy just one ticket, but as soon as you buy more than one its a waste of money because the machine could randomly pick the same numbers on multiple tickets. Then you'd win multiple times and have to split the prize with yourself.
I would assume the odds of getting the same numbers on a second ticket are the same as winning the lotto

I would assume the odds of getting the same numbers on a second ticket are the same as winning the lotto
Yup.

They say not to pick your own tickets like using birthdays and anneversaries and ect. Because those numbers add up to 132 and the numbers range 169 and even though u might use numbers 3269 by your year you were born, you would only use a big number once or twice saying its annerversary or birthday .so the other 3 numbers your leaving out the chance for it to be 169 .

I would assume the odds of getting the same numbers on a second ticket are the same as winning the lotto
Lol

Stranger things have happened
Who started this?

Who started this?
Me

Me
Should I ask if you were cutting class in ninth grade?

Should I ask if you were cutting class in ninth grade?
That's personal . I realized it's a shallow bunch over here so i let this one slide

That's personnel.
No comment on sixth grade spelling class.

Quick pick is OK for when you buy just one ticket, but as soon as you buy more than one its a waste of money because the machine could randomly pick the same numbers on multiple tickets. Then you'd win multiple times and have to split the prize with yourself.
I would assume the odds of getting the same numbers on a second ticket are the same as winning the lotto
Not a good answer. You'e playing on the long shot that you'll hit miniscule odds in your favor, but you're ignoring miniscule odds against your favor?
I'll give you a better answer, which is what happened to my office pool (which I didn't participate in). They collected $10 each from 4050 people. They wanted to maximize their median return from the nonjackpot prizes. The way to do that would be to spread out your selection of the red powerball numbers as evenly as possible. They got lazy though, and ended up quick picking most of them, leaving a very lumpy distribution of the 26 red powerball combinations. Natrually, they only ended up having 2 tickets with the correct red number, and got a total of $8 in secondary prizes (on $400500 of tickets).

No comment on sixth grade spelling class.
A lifetime of education means nothing once autocorrect starts screwing with your life

Not a good answer. You'e playing on the long shot that you'll hit miniscule odds in your favor, but you're ignoring miniscule odds against your favor?
I'll give you a better answer, which is what happened to my office pool (which I didn't participate in). They collected $10 each from 4050 people. They wanted to maximize their median return from the nonjackpot prizes. The way to do that would be to spread out your selection of the red powerball numbers as evenly as possible. They got lazy though, and ended up quick picking most of them, leaving a very lumpy distribution of the 26 red powerball combinations. Natrually, they only ended up having 2 tickets with the correct red number, and got a total of $8 in secondary prizes (on $400500 of tickets).
This is why I said perhaps picking the powerball number only. but the flip side is not much better because by spreading out the powerball you are limiting yourself to only a few possible winners.

A lifetime of education means nothing once autocorrect starts screwing with your life
Smartphones, stupid (looking) people.

This is why I said perhaps picking the powerball number only. but the flip side is not much better because by spreading out the powerball you are limiting yourself to only a few possible winners.
It's called hedging. Though I supposed you could argue that you're going high risk/high reward with the whole ticket anyway, so might as well pick one powerball number and go with it.

It's called hedging. Though I supposed you could argue that you're going high risk/high reward with the whole ticket anyway, so might as well pick one powerball number and go with it.
Quick picking would be high risk reward. How high risk can we go!?? lol

Enough with all the math.
Playing the lotto is not about math or odds. It's all about philosophy.
When I say that your chances doubled dosnt sound right its because its ridiculous. When dealing with such a large number of decimal points, doubling your chances is not considered quantifiable.
It's compared to what we call in halacha speak a "rov beteva" . in other words, for eg. of course mathematicians and statisticians could quantify all the animals in the world and tell you the odds of the animal not being a treifa.
But the numbers are irrelevant. You're not winning. Period. Finished. It doesn't matter if you buy 1 or 5 tickets. It is neged hatevah to win. Impossible.

Enough with all the math.
Playing the lotto is not about math or odds. It's all about philosophy.
When I say that your chances doubled dosnt sound right its because its ridiculous. When dealing with such a large number of decimal points, doubling your chances is not considered quantifiable.
It's compared to what we call in halacha speak a "rov beteva" . in other words, for eg. of course mathematicians and statisticians could quantify all the animals in the world and tell you the odds of the animal not being a treifa.
But the numbers are irrelevant. You're not winning. Period. Finished. It doesn't matter if you buy 1 or 5 tickets. It is neged hatevah to win. Impossible.
Lol. Except that you made several posts speaking specifically about the math.
Sounds wrong.
Still sounds wrong. 10 tickets is 10 more chances to win. That's all. Not multiplied.
Not convinced.
Each individual ticket has 1 in 290 mm possibility of winning. Buying two tickets dosnt split the 290 in half.
(It's more like rubah deleisa kamon, not more chances. Just more options.)
All jmho
I have no problem with people making philosophical arguments, just leave the math out of it, or do the math correctly. :D

I would assume the odds of getting the same numbers on a second ticket are the same as winning the lotto
Not double? Since it doesn't matter which one you started with?

A lifetime of education means nothing once autocorrect starts screwing with your life
like!

Enough with all the math.
Playing the lotto is not about math or odds. It's all about philosophy.
When you lose on the math side, say you're really a philosopher. I was gonna get a PhD in mathematics, but instead I went for philosophy and liberal arts.

When you lose on the math side, say you're really a philosopher. I was gonna get a PhD in mathematics, but instead I went for philosophy and liberal arts.
Actually, that's not as far fetched as it sounds. One of the fields within philosophy is logic (https://en.wikipedia.org/wiki/Logic), which is obviously a critical component in many mathematical fields.

Actually, that's not as far fetched as it sounds. One of the fields within philosophy is logic (https://en.wikipedia.org/wiki/Logic), which is obviously a critical component in many mathematical fields.
My argument is very logical.
In mathematics is there no room for rounding up or down/ clearly trivial etc?

My argument is very logical.
In mathematics is there no room for rounding up or down/ clearly trivial etc?
I'm not arguing with that part. As Dan and other mentioned earlier, your chances of winning are what we would call statistically insignificant with 1 ticket or with 10 tickets. I'm talking about the discussion of doubling your odds with a second ticket, etc.

If noone wins tomorrow, I propose that for the next one we find 200 ddfers to put in one penny each.
Would be funny if that ticket won 2nd or third prize, as it would net only $50k/$250

If noone wins tomorrow, I propose that for the next one we find 200 ddfers to put in one penny each.
Would be funny if that ticket won 2nd or third prize, as it would net only $50k/$250
It's still good return on your penny :)

If noone wins tomorrow, I propose that for the next one we find 200 ddfers to put in one penny each.
Would be funny if that ticket won 2nd or third prize, as it would net only $50k/$250
If that actually comes about, count me in :) i'll double my chances so long as i can add my $0.02 ;D

I'm in

well this seems fun, any more spots? If so, then I'm in.

in

in

http://lifehacker.com/winningthepowerballlotterywontsolveyourproblems1752378740

Enough with all the math.
Playing the lotto is not about math or odds. It's all about philosophy.
When I say that your chances doubled dosnt sound right its because its ridiculous. When dealing with such a large number of decimal points, doubling your chances is not considered quantifiable.
It's compared to what we call in halacha speak a "rov beteva" . in other words, for eg. of course mathematicians and statisticians could quantify all the animals in the world and tell you the odds of the animal not being a treifa.
But the numbers are irrelevant. You're not winning. Period. Finished. It doesn't matter if you buy 1 or 5 tickets. It is neged hatevah to win. Impossible.
It does double your odds, period.
Odds can be smaller then u have ever learned in school. Broaden your mind a little.
Next, it's not kneged teva to win. Somebody got to win so that can't be neged teva. If it's called neged teva in halacha that's different from what it's normally used for.

It does double your odds, period.
Odds can be smaller then u have ever learned in school. Broaden your mind a little.
Next, it's not kneged teva to win. Somebody got to win so that can't be neged teva. If it's called neged teva in halacha that's different from what it's normally used for.
Um, first of all, noone won the last few tries.
Second, its neged teva for YOU to win. That's the whole point here.
It is most definitely unatural to win the lottery. I'm so sorry to shatter your dreams.

when we win we should promise to still be a part of DD even though we wont need a break on anything again. It will be lie down first class for cash:)

when we win we should promise to still be a part of DD even though we wont need a break on anything again. It will be lie down first class for cash:)
That's not the only reason we are part of DDF :)
If (when) I win the lottery I would still visit my DDF family for the TRs, advice and more

Um, first of all, noone won the last few tries.
Second, its neged teva for YOU to win. That's the whole point here.
It is most definitely unatural to win the lottery. I'm so sorry to shatter your dreams.
How can it be neged teva ? Look at it like there is a box with 292 mill tickets. There is gonna be a winner. If nobody bought that ticket doesn't mean that the ticket didn't win. There was just no claimer.

How can it be neged teva ? Look at it like there is a box with 292 mill tickets. There is gonna be a winner. If nobody bought that ticket doesn't mean that the ticket didn't win. There was just no claimer.
It means there was no ticket printed with that number.

Um, first of all, noone won the last few tries.
The fact that nobody one was neged tevah.

It means there was no ticket printed with that number.
+1
Even though there were millions of tickets sold, plenty of that must've had the same numbers.

when we win we should promise to still be a part of DD even though we wont need a break on anything again. It will be lie down first class for cash:)
How does winning alleviate your need for popcorn?

How does winning alleviate your need for popcorn?
Imagine the luxury of being able to get popcorn from ur local grocer!

It means there was no ticket printed with that number.
I know how the lottery works. U didn't get my point

How do I pay? How do I get the actual ticket?

How do I pay? How do I get the actual ticket?
its a pool .. you will not get the actual ticket. I will send a picture to everyone in the pool as soon as I buy them. and they will be owned equally by everyone in the pool.

In

Its neged hateva to remain annonomous, especially when a pool wins.
Especially among DDF....
Especially if there's a thread about it.

Its neged hateva to remain annonomous, especially when a pool wins.
Especially among DDF....
Especially if there's a thread about it.
Theres a thread?? what thread?

Theres a thread?? what thread?
We'll brainstorm here for ideas how to remain anonymous..

its hopeless to stay anon with 40 other from people

Are we doing lump sum or installments?
I'm all ready. :)
Or could every winner choose separately when you claim as a group?

Are we doing lump sum or installments?
I'm all ready. :)
Or could every winner choose separately when you claim as a group?
At $1.25m a year for the next 29 years for each of us, I'd go with the lump sum.

If 291,999,999 people can only jump up to 3 feet high,
but one person can jump 5 feet high, is his 5 foot jump keneged hateva?

At $1.25m a year for the next 29 years for each of us, I'd go with the lump sum.
Um, you gotta win first

Um, you gotta win first
minor detail

Im not sure what I enjoy the most out out of this lottery stupidity:
1 people who make the "the chances of winning are 1 in 2281133898, thats like if an elephant steps on the moon...." comments.
2 people who are trying to figure out how to keep the new car scent in the Maserati there gonna buy with the $ they win.
3 winning the $.

Im not sure what I enjoy the most out out of this lottery stupidity:
1 people who make the "the chances of winning are 1 in 2281133898, thats like if an elephant steps on the moon...." comments.
2 people who are trying to figure out how to keep the new car scent in the Maserati there gonna buy with the $ they win.
3 winning the $.
TALUK :)

let u know about the car smell?

keep the new car scent? just buy a new car every time it starts fading

It's gonna take time to get used to having by that kinda money. If I keep switching out my Maserati my neighbors will know I won and it won't be anonymous... The key is too lay low, maybe 12 new cars a month.

heard on the radio today if your pooling with more than 10 or 20 ppl (forgot which one) you should create a corporation for the money to be paid to. any reason for that or is it just simpler to split that way?

heard on the radio today if your pooling with more than 10 or 20 ppl (forgot which one) you should create a corporation for the money to be paid to. any reason for that or is it just simpler to split that way?
Thats a good point, which accountant should we use? :)

I'm on Tapatalk, can someone add me

I'm on Tapatalk, can someone add me
done

done
Thanks

im in if someone else doesn't pay up

Wanna open a new one?

i'm in if some1 backs out

This while thing makes no sense. There is no way a pool of 40 ppl stays anonymous

+1.5B

This while thing makes no sense. There is no way a pool of 40 ppl stays anonymous
MD anonymity would be just a bonus.. The main pint is to have a pool.

If anybody's still not sure if they should pull the trigger, tonight's the drawing.

+1.5B
that's a number!

What happens if one ticket wins 1M? Do you still need to pay maximum IRS deduction even thou its fourty people?

To the holy mr naftali could you tell us any guarantee that youl still after you win the lottery?

To the holy mr naftali could you tell us any guarantee that youl still after you win the lottery?
still what?

What happens if one ticket wins 1M? Do you still need to pay maximum IRS deduction even thou its fourty people?
You pay tax on any winnings over $600.

interesting?
i see a new list is building up.
I'm ready to buy in NJ which is an anonymous state as well. For all those that want to join please add your username. Entry is $2
THE DEADLINE IS WEDNESDAY AT 12pm EST. ALL PARTICIPANTS MUST HAVE PAID THEIR $2 BY THE DEADLINE.

I'm ready to buy in NJ which is an anonymous state as well.
1
And entry should be 10 cents for 20 people. JMHO.

1
And entry should be 10 cents for 20 people. JMHO.
I will make one for you $0.10 buy in for first 20 people.

I will make one for you $0.10 buy in for first 20 people.
Doesn't need to be for me.
Just a waste of yiddishe gelt. Buying 1 ticket or 40 tickets doesn't change the odds from being statistically insignificant and it shows a lack of emunah that would be most useful in a case like this.
/.02

Doesn't need to be for me.
Just a waste of yiddishe gelt. Buying 1 ticket or 40 tickets doesn't change the odds from being statistically insignificant and it shows a lack of emunah that would be most useful in a case like this.
/.02
it does however significantly increase the odds of winning a smaller prize.
Also These type of Lotteries are meant for entertainment. in which case this has been very entertaining and for $2 thats a steal.

it does however significantly increase the odds of winning a smaller prize.
Also These type of Lotteries are meant for entertainment. in which case this has been very entertaining and for $2 thats a steal.
So now you're more likely to win back a $4 prize for which you'll give back 10 cents to everyone?
You would get the same dreams of grandeur with 1 ticket as with 40 tickets, except you saved $78 from being thrown away.
I'd argue your "odds" would be better if you donated the $78 difference to a worthy charity rather than state coffers and used $2 for a single ticket.

Doesn't need to be for me.
Just a waste of yiddishe gelt. Buying 1 ticket or 40 tickets doesn't change the odds from being statistically insignificant and it shows a lack of emunah that would be most useful in a case like this.
/.02
Dan you are not right. look what the the מחנה חיים writes in ח״ב יח "עדה קטנה שהיה להם גורל בשותפות והצליח ד׳ שעלה גורלם וקיבלו כמה אלפים"

So now you're more likely to win back a $4 prize for which you'll give back 10 cents to everyone?
You would get the same dreams of grandeur with 1 ticket as with 40 tickets, except you saved $78 from being thrown away.
I'd argue your "odds" would be better if you donated the $78 difference to a worthy charity rather than state coffers and used $2 for a single ticket.
I was thinking more like $100 prize but we (people in the pool lol) will only know later tonight...

I was thinking more like $100 prize but we (people in the pool lol) will only know later tonight...
You do realize that a $100 prize is 1 in 15K, yes?
And that even if you win that that's a whopping $2.50 refund per person...

https://www.facebook.com/Nitroautoleasing/posts/1178484458831717:0
Free powerball entry if you live in NY or NJ

You do realize that a $100 prize is 1 in 15K, yes?
And that even if you win that that's a whopping $2.50 refund per person...
well 1 in 375 with 40 plays.

well 1 in 375 with 40 plays.
So it's logical to spend an extra $78 to have a 1 in 375 chance of making a $22 profit?

So it's logical to spend an extra $78 to have a 1 in 375 chance of making a $22 profit?
definitely much better case for some good entertainment.

So it's logical
There is nothing logical about the lottery. It's about the dreams.......

Do you guys really not get it or are you messing with me?
$2 buys the same dream that $80 buys. Nobody is playing PB to win the $4 or the $100 prize.

There is nothing logical about the lottery. It's about the dreams.......
Like i said its mainly about the entertainment.

They say not to pick your own tickets like using birthdays and anneversaries and ect. Because those numbers add up to 132 and the numbers range 169 and even though u might use numbers 3269 by your year you were born, you would only use a big number once or twice saying its annerversary or birthday .so the other 3 numbers your leaving out the chance for it to be 169 .
+1. Higher numbers have less of a chance of splitting pots because of human sentimentality.

Do you guys really not get it or are you messing with me?
$2 buys the same dream that $80 buys. Nobody is playing PB to win the $4 or the $100 prize.
Both odds and dreams aside, part of the fun for me is checking my numbers against the winning ones. I'd rather be in a pool so I have many numbers to check, not just one set. But yes, the dreams and odds remain the same.

Both odds and dreams aside, part of the fun for me is checking my numbers against the winning ones. I'd rather be in a pool so I have many numbers to check, not just one set. But yes, the dreams and odds remain the same.
All the fun without the cost:
http://graphics.latimes.com/powerballsimulator/

Dan you are not right. look what the the מחנה חיים writes in ח״ב יח "עדה קטנה שהיה להם גורל בשותפות והצליח ד׳ שעלה גורלם וקיבלו כמה אלפים"
What's your point? where do you see that one should buy more than one ticket?

If we win, will we have an ORD shallots DO?

All the fun without the cost:
http://graphics.latimes.com/powerballsimulator/
Kinda loses the fun factor when there's nothing on the line. Yes, I get that the odds of winning are statistically zero, but the potential for fulfilling the dream x40 is what's fun.

Amazing how feeble the human mind is. This thread is eyeopening for me and not much does that to me anymore.

What time is the deadline to purchase a ticket in NJ? Im thinking of pulling the trigger

Amazing how feeble the human mind is. This thread is eyeopening for me and not much does that to me anymore.
When I win a billion and half, I'll be able to pay you to retract that.

Amazing how feeble the human mind is. This thread is eyeopening for me and not much does that to me anymore.
In other words, you just called everybody on this thread and everyone that bought a ticket stupid.

Amazing how feeble the human mind is. This thread is eyeopening for me and not much does that to me anymore.
What Americans spend their entertainment dollars on.
(http://)

When I win a billion and half, I'll be able to pay you to retract that.
Fair enough.
In other words, you just called everybody on this thread and everyone that bought a ticket stupid.
Nope, just the ones who continue to disagree with me by bringing the most ridiculous of arguments.
And not stupid, just illogical and argumentative for the sake of being argumentative.
/.02

What time is the deadline to purchase a ticket in NJ? Im thinking of pulling the trigger
What's your rush ? If there's no winner you'll have saved another $2. :)

What's your rush ? If there's no winner you'll have saved another $2. :)
How much will it be if no winner?
Maybe worth it to wait it out.

How much will it be if no winner?
Maybe worth it to wait it out.
Exactly. You win more if you wait.

Doesn't need to be for me.
Just a waste of yiddishe gelt. Buying 1 ticket or 40 tickets doesn't change the odds from being statistically insignificant and it shows a lack of emunah that would be most useful in a case like this.
/.02
I take it you're buying 1 ticket?

How much will it be if no winner?
Maybe worth it to wait it out.
In my estimation, the chances of that happening are 1015%

I bought 2 tickets this time, with the same numbers on both tickets. My cheshbon is that there are so many people playing this time around that there will definitely be more than 1 winner (likely to be 3). When I win, I want to have 2 shares of the jackpot and double my take.
I really wanted to keep this quiet, but decided to share my strategy to see how much hana'ah Dan gets from it.

I bought 2 tickets this time, with the same numbers on both tickets. My cheshbon is that there are so many people playing this time around that there will definitely be more than 1 winner (likely to be 3). When I win, I want to have 2 shares of the jackpot and double my take.
I really wanted to keep this quiet, but decided to share my strategy to see how much hana'ah Dan gets from it.
Probably negative hann'ah.. Another 2 yiddeshe dollars down the drain... :'(

In my estimation, the chances of that happening are 1015%
So about the same as my chances of winning.

With all the talk about hishtadlus.  Buying even one ticket is probably baal tashchis

Will join if a spot opens
I'm on tapatalk someone please add me to the wiki thanks

I bought 2 tickets this time, with the same numbers on both tickets. My cheshbon is that there are so many people playing this time around that there will definitely be more than 1 winner (likely to be 3). When I win, I want to have 2 shares of the jackpot and double my take.
I really wanted to keep this quiet, but decided to share my strategy to see how much hana'ah Dan gets from it.
Or if you win a lower prize you actually will walk away with double. :P

Can't wait to gloat it over all of you poking fun on this thread, when you could have won 1.5 billion if you hadn't been too lazy to buy a ticket.

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.

Will join if a spot opens
I'm on tapatalk someone please add me to the wiki thanks
Looks like everyone is paid already.

Or if you win a lower prize you actually will walk away with double. :P
That I could have gotten for $1 less by buying powerplay. I wanted to double all my prizes though.

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.
If I was a parent, I'd be furious. You mean I might not have a school to send my kids to tomorrow?

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.
Worst business decision ever.

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.
Oy. They spent nearly $1000 on this?

Oy. They spent nearly $1000 on this?
Looks like it.

Worst business decision ever.
+1

Insane. I'd be livid.
If $1,000 is burning a hole in your pocket then buy 1 ticket and raffle off the rest as a nice bonus for 1 staff member.

I guess they have too much money sitting around from all the weddings LOL

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.
+1.5B
Nice way of getting out of paying taxes on the winning. (non profits dont pay tax, but the rebbeim will still be taxed on their winnings.

How tiny are your chances at winning the Powerball jackpot? This tiny.  WSJ.com  graphics.wsj.com
http://graphics.wsj.com/lotteryodds/

If I was a parent, I'd be furious. You mean I might not have a school to send my kids to tomorrow?
I would be furious too, What a waste of ממון הקדש

How tiny are your chances at winning the Powerball jackpot? This tiny.  WSJ.com  graphics.wsj.com
http://graphics.wsj.com/lotteryodds/
Reminds me of a certain DDF thread.
http://forums.dansdeals.com/index.php?topic=38858.msg915068#msg915068

Oy. They spent nearly $1000 on this?
I read the letter that they spent 2 dollars on one ticket to be shared.

I read the letter that they spent 2 dollars on one ticket to be shared.
Yes, but look at the last line about tickets.

I read the letter that they spent 2 dollars on one ticket to be shared.
"TicketS" "numberS"

That's wild. Just curious does this also happen to be a struggling institution?

"TicketS" "numberS"
NumberS does not connote multiple tickets being that even one ticket has numberS on it. Now the "their" before the "numbers" and "tickets" as u pointed out do imply a seperate ticket for each one.

They bought 477 tickets.

They bought 477 tickets.
Good to know they have spare cash lying around.

They bought 477 tickets.
Yeah, mosdos wallowing in cash. What else is new
But in their defense, it is a nice business gesture to improve employee moral. Nu nu

I can just see the arguments next year when someone is fighting for a tuition reduction...

I can just see the arguments next year when someone is fighting for a tuition reduction...
$5,000!?
Never mind, here's a few scratch offs I just purchased, you can keep those instead.

Yeah, mosdos wallowing in cash. What else is new
But in their defense, it is a nice business gesture to improve employee moral. Nu nu
They could have done that with one ticket total. 477*0=0

They could have done that with one ticket total. 477*0=0
Moral is worth more than zero

If I was a parent, I'd be furious. You mean I might not have a school to send my kids to tomorrow?
The lump sum is less than $2m per staff member, before taxes and beforethe mosad's "cut". I hope no one's retiring off that.

The lump sum is less than $2m per staff member, before taxes and beforethe mosad's "cut". I hope no one's retiring off that.
You can easily retire on that, if you have a competent financial manager.

You can easily retire on that, if you have a competent financial manager.
I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).

I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).
I'm aware. If you invest that properly, you can live reasonably comfortably off that.

I'm aware. If you invest that properly, you can live reasonably comfortably off that.
ALOL...
Because you were joking, right?

IMO 65 year old empty nesters might be able to retire off that and live off interest but young jewish families with huge expenses not so much.

ALOL...
Because you were joking, right?
Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.

Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.
I don't know where to start. Just promise me you'll never try this yourself.

I don't know where to start. Just promise me you'll never try this yourself.
Making 8% on a reasonably safely diversified portfolio, or living off the earnings of that?

Truth is, i was thinking of $2M, not whatever number you end up with. However, i do think you can live off that. 8% a year on $1.5M is $120k gross.
There is no safe investment today yielding 8%.

Just curious, how did you quote someone from the future?
I didn't mean retire at 65. I meant retire at whatever the average age is for the staff members there (surely a lot lower).
http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011
ETA: Both posters quoting each other in a weird circular way.

Just curious, how did you quote someone from the future?
http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011
HA! How did that happen?

Making 8% on a reasonably safely diversified portfolio, or living off the earnings of that?
There is no safe investment today yielding 8%.
+1. 8% CAGR may be a reasonable assumption over a 30 year investment horizon, where the money is untouched. But if you're living off your earnings, you need to be in stable investments.
On top of that, the $2m cash payment I mentioned becomes just over $1m after federal and NJ state tax. Even if you got your 8% on that $1m  which we've established is unreasonable  that's $80k per year. But you'd also be paying ~30% of that $80k each year in federal and NJ state capital gains taxes, because that $80k is pure gains. So now we're talking about living on $56k after tax a year, even for a 40 year old who hasn't incurred most of the big expenses of child rearing?

Just curious, how did you quote someone from the future?
http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011
ETA: Both posters quoting each other in a weird circular way.
Fixed. It was something to do with the fact that I has started to modify my post, then noticed his post, and thought I was replying fresh to that while still in edit mode.

anyone buying with lakewood cheder's numbers to piggyback on their zchus harabim?

There is no safe investment today yielding 8%.
Correct, if you have $ 1,000 to invest. If however you have 2 mm there are plenty of save investments that return anywhere from 8 to 11%.

anyone buying with lakewood cheder's numbers to piggyback on their zchus harabim?
If we all chip in and buy the same tix we could knock it down from 2mm to 1mm per person. That's just cruel.. love it.

Correct, if you have $ 1,000 to invest. If however you have 2 mm there are plenty of save investments that return anywhere from 8 to 11%.
100% safe? Namely?

100% safe? Namely?
Nothing is 100% safe. Referring to solid investments. Namely real estate.

Correct, if you have $ 1,000 to invest. If however you have 2 mm there are plenty of save investments that return anywhere from 8 to 11%.
Please do tell b/c my simple, passive strategy has been getting killed lately.

Nothing is 100% safe.
1
Referring to solid investments. Namely real estate.
Going to bet your whole nest egg on real estate?

1
Going to bet your whole nest egg on real estate?
Half. 1 mm at 10% spread out between 3 deals. 500 Grand mutual funds. 500 Grand treasuries. Can almost live off of this

What does this safe investing in real estate look like? ETF? Check out IYR or VGSIX past 1 year charts. Ugly. Something else? What.

What does this safe investing in real estate look like? ETF? Check out IYR or VGSIX past 1 year charts. Ugly. Something else? What.
Directly into real estate. Companies that buy real estate. Hard to find trustworthy ones but there are some out there.

There is no safe investment today yielding 8%.
What's the percentage that would be considered safe

+1.5B
Nice way of getting out of paying taxes on the winning. (non profits dont pay tax, but the rebbeim will still be taxed on their winnings.
Nonprofits DO pay taxes on earning.
They don't pay taxes on their purchases as they are NONPROFIT, but if they make profit they pay taxes Luke any other corp.

Nonprofits DO pay taxes on earning.
They don't pay taxes on their purchases as they are NONPROFIT, but if they make profit they pay taxes Luke any other corp.
1

If I was a parent, I'd be furious. You mean I might not have a school to send my kids to tomorrow?
Rabbaim aren't Rabbaim for the money, I bet you every single rebbi will show up tomorrow even if they won.

Also everyone is assuming they used the schools money when in fact that was not the case.
Not that I think you need to purchase more than one ticket but it wasn't the schools money.

Nonprofits DO pay taxes on earning.
They don't pay taxes on their purchases as they are NONPROFIT, but if they make profit they pay taxes Luke any other corp.
1, if I would buy something off them, they would need to pay sales tax, but they dont pay income tax or the sort.

1
Um, u know what your saying? or saying what you know?

Um, u know what your saying? or saying what you know?
Yes. I do know. I am an accountant and work for a nonprofit.
Nonprofit organizations pay tax on unrelated business income.
Lottery winning may be classified as such, but as a general rule, the do not pay taxes

With a good accountant and lawyer, they shouldn't have to pay taxes.

Yes. I do know. I am an accountant and work for a nonprofit.
Nonprofit organizations pay tax on unrelated business income.
Lottery winning may be classified as such, but as a general rule, the do not pay taxes
I'm a tax lawyer and my clients include nonprofits. I have no idea if lottery winnings are ubti. I've never had occasion to think about it.
I think the more interesting question is what happens if a nonus person wins. Is it fdap?

I'm a tax lawyer and my clients include nonprofits. I have no idea if lottery winnings are ubti. I've never had occasion to think about it.
I think the more interesting question is what happens if a nonus person wins. Is it fdap?
It doesn't make one bit difference if you answer right or wrong. When you're rich they think you really know!

There is no safe investment today yielding 8%.
I have us treasury bonds giving out 7.5%

I have us treasury bonds giving out 7.5%
Tell us the rest of the story?

Moral is worth more than zero
Much better off making a pizza party

I have us treasury bonds giving out 7.5%
Where do I buy?

You can buy them on the market now but at a premium

Bought in the 90's

Bought in the 90's
Doesn't help much for money to invest now. Also, considering that you can sell them now at a premium your current rate of return is less because future earnings have now become a portion of face value.

With 1.5B you should be able to afford a DeLorean.

Danthe reason the pool needed to buy 40 tickets is obvious. Because otherwise naphtali is just buying a ticket himself and wouldn't even bother collecting the 5 cents, and then why is he sharing it with us.
The reason to join a pool is that it's fun, and its an excuse to buy another ticket. I'm in 2 pools, and have one ticket myself. I'd actually most prefer to win my family pool, since then we'd all be rich together.

Doesn't help much for money to invest now. Also, considering that you can sell them now at a premium your current rate of return is less because future earnings have now become a portion of face value.
plus you could realize that at capital gains rates, can't you?

My understanding is you can't sell series ee bonds

Came with my Chinese food tonight:
(http://images.tapatalkcdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)

Came with my Chinese food tonight:
(http://images.tapatalkcdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
Ha that's great

Came with my Chinese food tonight:
(http://images.tapatalkcdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
That's nothing. I got the winning numbers in mine last night!

It's no joke:, happened in real life:
https://en.wikipedia.org/wiki/Lottery#Fortune_cookie_payout

It's no joke:, happened in real life:
https://en.wikipedia.org/wiki/Lottery#Fortune_cookie_payout
lol

anyone buying with lakewood cheder's numbers to piggyback on their zchus harabim?
Alol
Came with my Chinese food tonight:
(http://images.tapatalkcdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
You bought a ticket? ?

You bought a ticket? ?
Don't read DDMS?

With 1.5B you should be able to afford a DeLorean.
They are not expensive.

Don't read DDMS?
not unless the tweet interests me... I never go there anymore unless tod find some info I need or you tweet something of interest which takes me straight to that post.... otherwise straight to ddf...
But I'll go read it now

Don't read DDMS?
So u have come a long way from this
[quote name="Lou Bob" post=1375927 timestamp=1452141435]
Lottery=Tax on those who are mathematically challenged
[/quote]
.

So u have come a long way from this.
It was a joke. Applies more to those who buy more than 1 ticket ;)

It was a joke. Applies more to those who buy more than 1 ticket ;)
Hear ya. Thank you for not doing one of those like comment or like this and I'll give you money if I win. ..can't stand those

And here we go!

Powerball numbers:
8, 27, 34, 4, 19
Powerball: 10
Good luck!

I hope no one won...

I hope no one won...
I won the $2 that I didn't spend/waste on a ticket

See, I wouldn't have won anyway. Good thing I didn't waste money.

I won the $2 that I didn't spend/waste on a ticket
😄+1

so what do I do again if I dont want anybody to know that I won?

so what do I do again if I dont want anybody to know that I won?
PM me

so whats the tally for the pool? did we make our $ back

so whats the tally for the pool? did we make our $ back
LOL

so whats the tally for the pool? did we make our $ back
i think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymous

i think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymous
i think we should make a lotto for who should get the $20... ::) or 100 lottos of $.20.... :P

Or claim it on a day of a terrorist attack or something.
(https://uploads.tapatalkcdn.com/20160114/d1c594316cb7019c09b8d3a46e6beba3.jpg)

I won the $2 that I didn't spend/waste on a ticket
See, I wouldn't have won anyway. Good thing I didn't waste money.
1. You may have drawn the winning numbers.

NEW YORK: BREAKING  Someone in California is lucky winner in tonight's record breaking Powerball Jackpot. Unclear yet if there are others.

i think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymous
we distributing or rolling?

So should I claim the 1.5 and paypal everyone their share? or Chase QP??

we distributing or rolling?
We should use it to buy tickets for Saturday's measly 40 million

(https://pbs.twimg.com/media/CYp5Ua8UEAAru7J.jpg)

play responsibly written on the side...nothing about win responsibly. he's already a goner if he didn't take some time to set himself up before telling people

I heard that California doesn't have Lottery tax is that true anyone?

I heard that California doesn't have Lottery tax is that true anyone?
no state tax i believe

Good for him

cant get away from the feds though...

(https://pbs.twimg.com/media/CYp1FflUEAAcAx0.jpg)

cant get away from the feds though...
How much % is that?

(https://pbs.twimg.com/media/CYpx2HDWMAAmUBZ.jpg)

(https://pbs.twimg.com/media/CYp5Ua8UEAAru7J.jpg)
See now if they only would of bought one ticket they would have lost(their 3rd ticket won). Someone please explain to me......

How much % is that?
39.6%

See now if they only would of bought one ticket they would have lost(their 3rd ticket won). Someone please explain to me......
If he only bought one than the first one would've been the winning numbers or he wouldve picked the 3rd set first...
Hashem is very smart, he has his ways

(https://pbs.twimg.com/media/CYp5Ua8UEAAru7J.jpg)
I got heart palpitations seeing the winning numbers on someone else's ticket. I can only imagine what he feels like!

39.6%
and he bought it today!

and he bought it today!
It's fake. On the Facebook post he put #Photoshop
https://www.facebook.com/CoronaConcepts/

It's fake. On the Facebook post he put #Photoshop
https://www.facebook.com/CoronaConcepts/
i figured that it was a copy from the (register of the) store where it was purchased.
If someone stopped into a 711 on the road in the middle of a 6 hr trip, they may not even know the name of the city that they bought their ticket to look at the winning numbers...

i figured that it was a copy from the (register of the) store where it was purchased.
If someone stopped into a 711 on the road in the middle of a 6 hr trip, they may not even know the name of the city that they bought their ticket to look at the winning numbers...
I think anyone who bought tickets is checking this time...

Walking around the office telling people I'm so relieved they didn't win and we can still work together and be friends.
I'm good at being friends.

Today I lost $1.500.000.000
Poor me

Today I lost $1.500.000.000
Poor me
some past winners have lost millions. I got the "10" Powerball, plus the number "4". So that wins $4. I paid the additional $1 power play for the ticket so the 'winnings' double to $8.

Today I lost $1.500.000.000
Poor me
better than the guys who won. They thought they were getting 1.5b, and will walk away with less than 200m after taxes. they lost 1.3b and it really feels like that for them.

Yes. I do know. I am an accountant and work for a nonprofit.
Nonprofit organizations pay tax on unrelated business income.
Lottery winning may be classified as such, but as a general rule, the do not pay taxes
Then you should know that UBIT doesn;t apply on things that they do infrequently among other exemptions

better than the guys who won. They thought they were getting 1.5b, and will walk away with less than 200m after taxes. they lost 1.3b and it really feels like that for them.
$200 mil is a great win. I'm pretty sure that they're happy, and laying low for a few days/weeks.

$200 mil is a great win. I'm pretty sure that they're happy, and laying low for a few days/weeks.
I'm pretty sure they feel like they lost 1.3 billion. and not laying low at all.

Supposedly a nurse employed by recognitz was the California winner

Supposedly a nurse employed by recognitz was the California winner
http://forums.dansdeals.com/index.php?topic=59965.0

Last night's winning #'s
08+27+34+04+19+10 = 102
אמונה= 102

Last night's winning #'s
08+27+34+04+19+10 = 102
אמונה= 102
and if you bought 48 tickets thats gedolah so it becomes emunah gedolah....

So did the lottery pool win anything?

So did the lottery pool win anything?
The whole thing.

So did the lottery pool win anything?
They claimed they won the $1.5B, but then it turned out one of the poolmates worked for Rechnitz, news picked it up, but it turned out it was all a Henche prank, but Rechnitz is now flying all of the poolmates in EY F to MLE where they'll be renting out the entire W because he felt bad for them.

They claimed they won the $1.5B, but then it turned out one of the poolmates worked for Rechnitz, news picked it up, but it turned out it was all a Henche prank, but Rechnitz is now flying all of the poolmates in EY F to MLE where they'll be renting out the entire W because he felt bad for them.
And giving them all shidduchim, as well as a new building for the Lakewood cheder.

And giving them all shidduchim, as well as a new building for the Lakewood cheder.
And cars for the dates as well!
Hodu L'hashem ki tov!

And cars for the dates as well!
Hodu L'hashem ki tov!
And henche doesn't realize that he/she is going to get hit up to pay for all this

And henche doesn't realize that he/she is going to get hit up to pay for all this
henche will just bill it back to his clients obviously

henche will just bill it back to his clients obviously
But rechnitz is henches client, so in essence rechnitz is still paying.

They claimed they won the $1.5B, but then it turned out one of the poolmates worked for Rechnitz, news picked it up, but it turned out it was all a Henche prank, but Rechnitz is now flying all of the poolmates in EY F to MLE where they'll be renting out the entire W because he felt bad for them.
Oh shoot i knew I should have joined the pool when I could :'(

They claimed they won the $1.5B, but then it turned out one of the poolmates worked for Rechnitz, news picked it up, but it turned out it was all a Henche prank, but Rechnitz is now flying all of the poolmates in EY F to MLE where they'll be renting out the entire W because he felt bad for them.
Hey, why don't they ever tell me anything!? :P

Oh shoot i knew I should have joined the pool when I could :'(
did you at least join this one? (http://www.onlysimchas.com/news/24450/win15billiondollarswiththeonlysimchasteam)

whats the end with the $20?


Anyone in for a pool for this one?

Anyone in for a pool for this one?
I'd rather win myself. lol

Anyone in for a pool for this one?
I'd rather win myself. lol
+1
Never understood the pooling

People find playing the lottery as a group more enjoyable and that it builds camaraderie. Hope is more tangible as a group exercise. It also technically increases multiples your chances of winning. (I'd venture to say that you're better off winning $10M than $200M anyways, although that is decidedly not the reason behind office pools.) Hey, you never know!

People find playing the lottery as a group more enjoyable and that it builds camaraderie.
Unless they win

Unless they win
Lol
+1000

+1
Never understood the pooling
More people have more zechusim...

http://www.businessinsider.com/psychologicalreasonswhywebuylotterytickets20161
http://www.businessinsider.com/winningpowerballlotteryhappiness20178

whywebuylotterytickets
Tax on those who are bad at math.

They are not anonymous: http://www.powerball.com/megamillions/mm_main.asp
When is the next drawing?

They are not anonymous: http://www.powerball.com/megamillions/mm_main.asp
When is the next drawing?
Tonight

Tonight
Thank you  in 14 minutes  I just found the information: http://www.powerball.com/powerball/pb_prizes.asp

(https://uploads.tapatalkcdn.com/20170824/aff5b5c512e8cb08a2ef0c0d810f2227.png)
Wow.

Must be henche.

a single ticket. Possibly part of a group of tickets and buyers. (If they can find it....) 8) Maybe we'll find out in 6 months.

(https://t.gyazo.com/teams/lowerwatt/64689b8477b973957d75d6b4292554aa.png)

Hopefully the winner didn't throw his ticket away thanks to a stupid mistake by the Massachusetts State Lottery.

Hopefully the winner didn't throw his ticket away thanks to a stupid mistake by the Massachusetts State Lottery.
I wonder what happens if you have a pic but not the actual ticket

I wonder what happens if you have a pic but not the actual ticket
You make some lawyer rich. :)

I wonder what happens if you have a pic but not the actual ticket
You lose.

You make some lawyer rich. :)
You lose.
Lol

Must be henche.
Henche, what long hair you have.
https://mobile.twitter.com/CBSNews/status/900772296427806720/video/1

Henche, what long hair you have.
https://mobile.twitter.com/CBSNews/status/900772296427806720/video/1
I'm shocked that it's one ticket and one person. And even more shocked that she came out the next day! Would be smart to hire an advisor, etc...

I wonder what happens if you have a pic but not the actual ticket
TARB :P

BUMP

I bet it breaks a billion before the drawing.

I bet it breaks a billion before the drawing.
What's it at now?

What's it at now?
868

Chances of winning are 1 in 302.6 million. We can do this, people

Chances of winning are 1 in 302.6 million. We can do this, people
So you are going to buy all combinations?

So you are going to buy all combinations?
How long would that take ? :)

How long would that take ? :)
Don't know but that would raise the expected winners to four. Is it still worth it?

Don't know but that would raise the expected winners to four. Is it still worth it?
It's been tried before.

Don't know but that would raise the expected winners to four. Is it still worth it?
Would raise the winnings value too, no?
5 winners and you're screwed.It's been tried before.
And....?

And....?
IIRC, they didn't actually get every single ticket, it's really hard to do in a week. They did end up winning but I don't remember how many winners there were and how much they made. GIYF, I'm sure you can find the story.

Would raise the winnings value too, no?
5 winners and you're screwed.
Calling @EJB

IIRC, they didn't actually get every single ticket, it's really hard to do in a week. They did end up winning but I don't remember how many winners there were and how much they made. GIYF, I'm sure you can find the story.
The ZMAN.

The ZMAN.
You think I read that garbage?

There was a discussion on DDF.

You think I read that garbage?
So JS is your sole source of garbage?

So JS is your sole source of garbage?
Yep, I can't handle much more than this or I'll start spilling over.

It's been tried before.
This?
http://highline.huffingtonpost.com/articles/en/lottowinners/

MIT did something similar in MA and made $6m or so (no longer possible) It’s practically impossible to do for the big lotteries.

MIT did something similar in MA and made $6m or so (no longer possible) It’s practically impossible to do for the big lotteries.
Not what the ROI be with 4 excepted winners?

Not what the ROI be with 4 excepted winners?
I'm not sure what the question is, but the ROI is practically almost always negative with the big lotteries.
1. Earnings will be taxed at an effective rate of 3040%
2. "Pot" isn't the present value of the winnings (i.e. lump sum). That is ~40% less
3. Probability of multiple winners can be assumed to follow a binomial distribution that increases significantly as the number of tickets increases. Assuming a winner and 100m tickets sold, the expected number of winners is 1.17. 200m tickets sold  that increases to 1.37. 400m tickets sold, that increases to 1.8. For reference, the $1.58m powerball sold 635m tickets. The $948 million previous drawing sold 440m tickets.
All that considered, the ROI of a $2 ticket with a $1b pot, 200m sold tickets, 35% taxes, and 40% lump sum reduction is around 35%. You need to ignore something significant (such as taxes or lump sum reduction) for that to be positive.

I'm not sure what the question is,
With what I wrote I am not sure either. :)
You answered it anyway.
All that considered, the ROI of a $2 ticket with a $1b pot, 200m sold tickets, 35% taxes, and 40% lump sum reduction is around 35%. You need to ignore something significant (such as taxes or lump sum reduction) for that to be positive.

Wiki updated

Wiki updated
+1

I'm not sure what the question is, but the ROI is practically almost always negative with the big lotteries.
1. Earnings will be taxed at an effective rate of 3040%
2. "Pot" isn't the present value of the winnings (i.e. lump sum). That is ~40% less
3. Probability of multiple winners can be assumed to follow a binomial distribution that increases significantly as the number of tickets increases. Assuming a winner and 100m tickets sold, the expected number of winners is 1.17. 200m tickets sold  that increases to 1.37. 400m tickets sold, that increases to 1.8. For reference, the $1.58m powerball sold 635m tickets. The $948 million previous drawing sold 440m tickets.
All that considered, the ROI of a $2 ticket with a $1b pot, 200m sold tickets, 35% taxes, and 40% lump sum reduction is around 35%. You need to ignore something significant (such as taxes or lump sum reduction) for that to be positive.
CMIIW, but I would think there must be a way to not pay taxes on the cost of all the tickets as a business expense

CMIIW, but I would think there must be a way to not pay taxes on the cost of all the tickets as a business expense
Not a business expense but you can net gambling losses making the ROI slightly better if you can buy all the numbers. But that would also increase the risk of multiples. And it’s practically impossible

IIRC, they didn't actually get every single ticket, it's really hard to do in a week. They did end up winning but I don't remember how many winners there were and how much they made. GIYF, I'm sure you can find the story.
https://forums.dansdeals.com/index.php?topic=13937.msg1901843#msg1901843

how many different combinations of numbers are there?
its 6 numbers?

how many different combinations of numbers are there?
its 6 numbers?
The Mega Millions odds are 1 in 302.6 million

The Mega Millions odds are 1 in 302.6 million
do we have 302 million DDFers here?
lets go!

do we have 302 million DDFers here?
lets go!
As people or user names? :)

As people or user names? :)
Get offline!you have your work cut out for you

Get offline!you have your work cut out for you
I have never been this stressed in my life. Doing 20 things at once and have not had anytime for one PC post. >:(

As people or user names? :)
It's the 20%80% rule

It's the 20%80% rule
Can we change it to 10%90% so I am not in violation?

Can we change it to 10%90% so I am not in violation?
Sorry...not a Mod yet...

They would have saved a lot of yiddishe gelt if they would have just gotten one ticket for all the faculty to share.
So are they buying again?

You have a year to claim. Wait 89 months, Legally change your name, and claim on a very busy news day.

do we have 302 million DDFers here?
lets go!
We'll each win 3 dollars ;D