Post by: Palm5 on January 10, 2016, 01:14:26 PM
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 1-10 tickets, $5 each
11+ tickets will be $4 each
Please pm me your email and amount of tickets you want.
Post by: Mocha on January 10, 2016, 01:18:05 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.Your odds of not making it back in one piece are greater then getting the winning ticket.
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 1-10 tickets, $5 each
11+ tickets will be $4 each
Please pm me your email and amount of tickets you want.
Unless your cashing in on peoples stupidity to which I say "nicely done".
Post by: Emkay on January 10, 2016, 01:18:37 PM
Post by: Palm5 on January 10, 2016, 01:38:03 PM
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
Post by: joe1234 on January 10, 2016, 01:56:27 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 1-10 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
Post by: grodnoking on January 10, 2016, 02:05:47 PM
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
Post by: Dan on January 10, 2016, 02:21:29 PM
Post by: rivkao on January 10, 2016, 02:25:25 PM
Post by: EJB on January 10, 2016, 02:26:25 PM
Post by: yos9694 on January 10, 2016, 02:27:39 PM
Post by: Dan on January 10, 2016, 02:29:25 PM
Post by: yos9694 on January 10, 2016, 02:37:27 PM
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.
Post by: Dan on January 10, 2016, 02:41:36 PM
Never seen this much lottery coverage before.
Post by: grodnoking on January 10, 2016, 02:44:50 PM
Bug difference between large and largest ever by leaps and bounds.And that is why they raised the odds.
Never seen this much lottery coverage before.
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.
Post by: Dan on January 10, 2016, 02:46:05 PM
Post by: EJB on January 10, 2016, 02:48:58 PM
Day before deadline and it will be the top story in every paper...
Unless there's a 1.4bn jackpot before then :)
Post by: grodnoking on January 10, 2016, 02:52:24 PM
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.
Post by: Palm5 on January 10, 2016, 04:56:18 PM
Don't have any friends in MD, MI, or OH?
Got my grandfather to do it. Thanks
Post by: afro on January 10, 2016, 04:59:29 PM
When we win how much is it gonna cost us for u not leak our identities?
Post by: Palm5 on January 10, 2016, 05:18:58 PM
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)
Post by: Naphtali on January 10, 2016, 06:15:42 PM
Post by: Palm5 on January 10, 2016, 06:18:00 PM
Post by: ckmk47 on January 10, 2016, 06:20:09 PM
anyone interested in a DDF lottery pool?? im in MD so we can all be anonymous. ;)Can't afford your own 2 bucks? :D
Post by: Dawie on January 10, 2016, 06:22:12 PM
Post by: Naphtali on January 10, 2016, 06:24:44 PM
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.
Post by: regular on January 10, 2016, 08:37:59 PM
Post by: Palm5 on January 10, 2016, 08:41:21 PM
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?
Post by: Naphtali on January 10, 2016, 09:19:51 PM
Post by: Palm5 on January 10, 2016, 09:24:55 PM
So who's in??!?
Started a wiki. I am
Post by: yelped on January 10, 2016, 09:33:59 PM
Started a wiki. I amMe, too.
Post by: Naphtali on January 10, 2016, 09:53:42 PM
I am assuming we are doing $2/each?? Let me know what you all want to do.
Post by: Dan on January 10, 2016, 09:55:36 PM
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.20 cents each. Buying more than 1=katnus emunah ;)
I am assuming we are doing $2/each?? Let me know what you all want to do.
Anyway, there are 57 other lottery threads, dunno why you picked this one for a pool.
Post by: Palm5 on January 10, 2016, 09:56:54 PM
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.
Post by: Naphtali on January 10, 2016, 09:59:52 PM
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?
Post by: Dan on January 10, 2016, 10:03:10 PM
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.I don't get it, how does buying more than 1 ticket for the pool help you?
Not sure though if you get a bad apple in the pool will it ruin it for the klal :)
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.
Post by: yelped on January 10, 2016, 10:03:41 PM
Post by: David Smith on January 10, 2016, 10:05:08 PM
I don't get it, how does buying more than 1 ticket for the pool help you?Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.
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.
Post by: EJB on January 10, 2016, 10:05:50 PM
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 :)
Post by: Naphtali on January 10, 2016, 10:06:56 PM
Post by: Naphtali on January 10, 2016, 10:08:06 PM
It's tzedakah :)
To the government?
Post by: yelped on January 10, 2016, 10:12:02 PM
Post by: Naphtali on January 10, 2016, 10:12:20 PM
I'm fine with one $2 ticket.
+1
Post by: Palm5 on January 10, 2016, 10:13:38 PM
Post by: Palm5 on January 10, 2016, 10:14:52 PM
Steinhearter?
Post by: churnbabychurn on January 10, 2016, 10:16:24 PM
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.
Post by: joe1234 on January 10, 2016, 10:19:22 PM
Post by: Dan on January 10, 2016, 10:23:33 PM
Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.10xnil=nil
Post by: yoohoo on January 10, 2016, 10:24:02 PM
Post by: Dan on January 10, 2016, 10:24:43 PM
To the government?https://www.pay.gov/public/form/start/23779454
Post by: Dan on January 10, 2016, 10:25:32 PM
Post by: joe1234 on January 10, 2016, 10:28:22 PM
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
Post by: David Smith on January 10, 2016, 10:29:17 PM
10xnil=nil290,000,000 x nil = nil. However, 290,000,000 x 1/290,000,000 = 1, or a 100% chance of winning.
Post by: Naphtali on January 10, 2016, 10:29:48 PM
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..
Post by: Naphtali on January 10, 2016, 10:30:38 PM
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??
Post by: joe1234 on January 10, 2016, 10:31:24 PM
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...
Post by: Dan on January 10, 2016, 10:32:00 PM
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.
Post by: David Smith on January 10, 2016, 10:32:29 PM
Heavens, no! If there would be 290,000,000 DDFers, nobody would be able to discuss anything.
sooooo... Can we get 290,000,000 DDF members to join the pool??
Post by: Naphtali on January 10, 2016, 10:33:24 PM
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...
Post by: David Smith on January 10, 2016, 10:34:50 PM
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.
Post by: grodnoking on January 10, 2016, 10:42:14 PM
Post by: Palm5 on January 10, 2016, 10:43:25 PM
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?
Post by: mendy613 on January 10, 2016, 10:46:19 PM
Post by: Palm5 on January 10, 2016, 10:47:29 PM
I am in :)
Add name to wiki
Post by: EJB on January 10, 2016, 10:54:53 PM
Post by: Palm5 on January 10, 2016, 10:57:44 PM
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.
Post by: EJB on January 10, 2016, 11:19:29 PM
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 ?
Post by: Palm5 on January 10, 2016, 11:31:10 PM
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 ;)
Post by: David Smith on January 10, 2016, 11:34:48 PM
Post by: Work-for-ur-muny on January 11, 2016, 01:05:52 AM
Day before deadline and it will be the top story in every paper...Claim it the day Donald Trump wins the Iowa caucuses... ;D
Post by: Emkay on January 11, 2016, 01:24:56 AM
Mathematically your odds are ten times better if you have ten tickets. 1/29M vs 1/290M.Your math is incorrect
Post by: David Smith on January 11, 2016, 01:29:10 AM
Your math is incorrectWhich part?
Post by: RefuaFan on January 11, 2016, 01:43:42 AM
well what happens if 100 DDF'rs want to be in, then everyone will put in their .02 :oLol, good one.
Hmm, debating about joining. Will let you know shortly.
Post by: elit on January 11, 2016, 07:23:17 AM
Your math is incorrect+1000 wondering why it took so long for someone to point out
Post by: elit on January 11, 2016, 07:28:46 AM
Which part?Just keep following your cheshbon.. what would the odds be if you buy 100? 1000?
Post by: Yordai Dooma on January 11, 2016, 08:14:27 AM
Post by: Zkpncs48 on January 11, 2016, 08:17:11 AM
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;
Post by: churnbabychurn on January 11, 2016, 08:26:23 AM
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.
Post by: TimT on January 11, 2016, 08:34:50 AM
I'm in. Can someone please add me to the wikiDone
Post by: yuneeq on January 11, 2016, 09:02:24 AM
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.
Post by: churnbabychurn on January 11, 2016, 09:36:03 AM
Well guess what happens if he buys all 290m tickets?Still sounds wrong. 10 tickets is 10 more chances to win. That's all. Not multiplied.
This isn't dice rolling, he knows his tickets will not be repeated.
Post by: myb821 on January 11, 2016, 09:39:28 AM
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.
Post by: Emkay on January 11, 2016, 09:43:37 AM
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
Post by: Luvtotravel on January 11, 2016, 09:44:41 AM
Post by: myb821 on January 11, 2016, 09:46:03 AM
Your 6 line argument will do little to sway the other side, there are entire books written on this exact subjectwhat are you talking about. Its straight math what possible arguments could there be?
Post by: TimT on January 11, 2016, 09:46:14 AM
please add me in
Done
Post by: Dan on January 11, 2016, 09:47:04 AM
Post by: myb821 on January 11, 2016, 09:47:42 AM
The math is fine, but 1/29M and 1/290M are both statistically insignificant.no argument here on that
Post by: Emkay on January 11, 2016, 09:50:10 AM
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
Post by: yuneeq on January 11, 2016, 09:50:17 AM
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 0-9.
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.
Post by: Yordai Dooma on January 11, 2016, 10:54:35 AM
DoneThanks!
Post by: ajs625 on January 11, 2016, 11:02:01 AM
Post by: myb821 on January 11, 2016, 11:14:45 AM
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.
Post by: username on January 11, 2016, 11:32:56 AM
Post by: Palm5 on January 11, 2016, 11:37:02 AM
does the purchaser 'gift' the $ to everyone in the pool? Or are they all equal winners?
It's claimed all together
Post by: Naphtali on January 11, 2016, 11:44:08 AM
Post by: yelped on January 11, 2016, 12:03:47 PM
we will have to make a shabbaton.I'm available to daven Shachris. :) Just make sure to eat before. It may take a while. :)
Post by: churnbabychurn on January 11, 2016, 12:24:33 PM
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
Post by: Buruch on January 11, 2016, 12:34:30 PM
Post by: myb821 on January 11, 2016, 12:38:34 PM
sorry to be mean but your opinion is wrong. Its straight math.
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
Post by: TimT on January 11, 2016, 12:54:21 PM
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
Post by: churnbabychurn on January 11, 2016, 12:54:27 PM
sorry to be mean but your opinion is wrong. Its straight math.You can be mean don't worry, I can take it.
Post by: JamesIV on January 11, 2016, 12:56:38 PM
Post by: elit on January 11, 2016, 01:09:16 PM
Post by: teetle on January 11, 2016, 01:34:32 PM
Post by: RefuaFan on January 11, 2016, 01:51:46 PM
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.
Post by: Work-for-ur-muny on January 11, 2016, 01:53:07 PM
???
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
?
?
?
Post by: yos9694 on January 11, 2016, 01:59:08 PM
1 2
------- = -------
29m 290m
Rounded to 2dp, yes. Unrounded, no.
Post by: yuneeq on January 11, 2016, 02:28:41 PM
http://math.stackexchange.com/questions/1369659/if-i-buy-2-lottery-tickets-do-i-double-my-chance-of-winning
So I guess you're retracting?
Every answer says that this type of lottery you double your chances by buying 2 different tickets.
Post by: elit on January 11, 2016, 02:30:40 PM
So I guess you're retracting?Correct
Every answer says that this type of lottery you double your chances by buying 2 different tickets.
Post by: churnbabychurn on January 11, 2016, 02:43:18 PM
Buying two tickets doubles your chance of loosing
Post by: TimT on January 11, 2016, 02:44:07 PM
One things a fact.And 290M ?
Buying two tickets doubles your chance of loosing
Post by: Zkpncs48 on January 11, 2016, 02:44:40 PM
1 2FTFY
------- = -------
145m 290m
Post by: Work-for-ur-muny on January 11, 2016, 03:07:01 PM
FTFYRight. My bad. So isn't that an indication that the cbc is right?
Post by: Zkpncs48 on January 11, 2016, 03:23:08 PM
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
Post by: David Smith on January 11, 2016, 03:31:50 PM
My $.02.
Post by: srulky on January 11, 2016, 03:37:13 PM
Post by: Dan on January 11, 2016, 03:37:51 PM
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.2nd ticket hurts as I explained earlier ;)
My $.02.
Post by: David Smith on January 11, 2016, 03:39:33 PM
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.
Post by: Luvtotravel on January 11, 2016, 11:26:20 PM
Post by: Naphtali on January 11, 2016, 11:30:16 PM
didnt get email address yet
check inbox now.
Post by: Ergel on January 12, 2016, 12:37:05 AM
Post by: Emkay on January 12, 2016, 02:47:40 AM
I can't believe there was an argument about basic statistics taught in ninth grade mathStranger things have happened
Post by: churnbabychurn on January 12, 2016, 05:54:07 AM
I can't believe there was an argument about basic statistics taught in ninth grade mathMath in ninth grade??
Post by: Boruch999 on January 12, 2016, 07:20:05 AM
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
Post by: Naphtali on January 12, 2016, 07:51:26 AM
Post by: yos9694 on January 12, 2016, 08:40:09 AM
Post by: churnbabychurn on January 12, 2016, 08:55:44 AM
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.
Post by: 12HRS on January 12, 2016, 09:01:49 AM
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
Post by: Dan on January 12, 2016, 09:02:41 AM
I would assume the odds of getting the same numbers on a second ticket are the same as winning the lottoYup.
Post by: myi on January 12, 2016, 09:09:42 AM
Post by: yelped on January 12, 2016, 09:33:15 AM
I would assume the odds of getting the same numbers on a second ticket are the same as winning the lottoLol
Post by: David Smith on January 12, 2016, 09:37:17 AM
Stranger things have happenedWho started this?
Post by: Emkay on January 12, 2016, 09:39:58 AM
Who started this?Me
Post by: David Smith on January 12, 2016, 09:43:01 AM
MeShould I ask if you were cutting class in ninth grade?
Post by: Emkay on January 12, 2016, 09:48:36 AM
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 slidePost by: David Smith on January 12, 2016, 10:03:24 AM
That's personnel.No comment on sixth grade spelling class.
Post by: skyguy918 on January 12, 2016, 10:03:56 AM
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 lottoNot 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 40-50 people. They wanted to maximize their median return from the non-jackpot 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 $400-500 of tickets).
Post by: Emkay on January 12, 2016, 10:08:12 AM
No comment on sixth grade spelling class.A lifetime of education means nothing once autocorrect starts screwing with your life
Post by: Naphtali on January 12, 2016, 10:11:03 AM
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 40-50 people. They wanted to maximize their median return from the non-jackpot 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 $400-500 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.
Post by: David Smith on January 12, 2016, 10:11:28 AM
A lifetime of education means nothing once autocorrect starts screwing with your lifeSmartphones, stupid (looking) people.
Post by: skyguy918 on January 12, 2016, 10:13:49 AM
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.
Post by: Naphtali on January 12, 2016, 10:19:11 AM
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
Post by: churnbabychurn on January 12, 2016, 11:08:20 AM
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.
Post by: skyguy918 on January 12, 2016, 11:26:01 AM
Enough with all the math.Lol. Except that you made several posts speaking specifically about 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.
Sounds wrong.
Still sounds wrong. 10 tickets is 10 more chances to win. That's all. Not multiplied.
I have no problem with people making philosophical arguments, just leave the math out of it, or do the math correctly. :D
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
Post by: etech0 on January 12, 2016, 12:01:27 PM
I would assume the odds of getting the same numbers on a second ticket are the same as winning the lottoNot double? Since it doesn't matter which one you started with?
Post by: etech0 on January 12, 2016, 12:02:03 PM
A lifetime of education means nothing once autocorrect starts screwing with your lifelike!
Post by: David Smith on January 12, 2016, 12:23:28 PM
Enough with all the math.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.
Playing the lotto is not about math or odds. It's all about philosophy.
Post by: skyguy918 on January 12, 2016, 12:43:55 PM
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.
Post by: churnbabychurn on January 12, 2016, 12:52:39 PM
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?
Post by: skyguy918 on January 12, 2016, 12:57:11 PM
My argument is very logical.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.
In mathematics is there no room for rounding up or down/ clearly trivial etc?
Post by: Barryg on January 12, 2016, 01:03:16 PM
Would be funny if that ticket won 2nd or third prize, as it would net only $50k/$250
Post by: etech0 on January 12, 2016, 01:10:45 PM
If no-one wins tomorrow, I propose that for the next one we find 200 ddfers to put in one penny each.It's still good return on your penny :)
Would be funny if that ticket won 2nd or third prize, as it would net only $50k/$250
Post by: stbaum on January 12, 2016, 01:40:55 PM
If no-one 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
Post by: sruly on January 12, 2016, 03:33:52 PM
Post by: Glamette on January 12, 2016, 03:56:07 PM
Post by: jackofall on January 12, 2016, 03:57:49 PM
Post by: rivkao on January 12, 2016, 04:03:49 PM
Post by: etech0 on January 12, 2016, 04:12:44 PM
Post by: miles lover on January 12, 2016, 04:19:20 PM
Enough with all the math.It does double your odds, period.
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.
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.
Post by: churnbabychurn on January 12, 2016, 04:41:21 PM
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.
Post by: yoohoo on January 12, 2016, 04:42:48 PM
Post by: 3yummyboys on January 12, 2016, 04:55:38 PM
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
Post by: miles lover on January 12, 2016, 05:10:34 PM
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.
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.
Post by: TimT on January 12, 2016, 06:16:14 PM
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.
Post by: David Smith on January 12, 2016, 06:19:11 PM
The fact that nobody one was neged tevah.
Um, first of all, noone won the last few tries.
Post by: Dr Moose on January 12, 2016, 06:19:44 PM
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.
Post by: David Smith on January 12, 2016, 06:20:01 PM
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?
Post by: yoohoo on January 12, 2016, 06:43:55 PM
How does winning alleviate your need for popcorn?Imagine the luxury of being able to get popcorn from ur local grocer!
Post by: miles lover on January 12, 2016, 07:08:45 PM
It means there was no ticket printed with that number.I know how the lottery works. U didn't get my point
Post by: BOOKY on January 12, 2016, 07:39:01 PM
Post by: Naphtali on January 12, 2016, 07:42:43 PM
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.
Post by: unclesam on January 12, 2016, 08:09:16 PM
Post by: username on January 12, 2016, 08:34:30 PM
Especially among DDF....
Especially if there's a thread about it.
Post by: Naphtali on January 12, 2016, 08:38:37 PM
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?
Post by: yelped on January 12, 2016, 08:42:13 PM
Theres a thread?? what thread?We'll brainstorm here for ideas how to remain anonymous..
Post by: 12HRS on January 12, 2016, 08:44:46 PM
Post by: yelped on January 12, 2016, 08:48:10 PM
I'm all ready. :)
Or could every winner choose separately when you claim as a group?
Post by: Palm5 on January 12, 2016, 11:06:02 PM
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.
Post by: yuneeq on January 13, 2016, 12:11:19 AM
but one person can jump 5 feet high, is his 5 foot jump keneged hateva?
Post by: username on January 13, 2016, 12:13:35 AM
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
Post by: Naphtali on January 13, 2016, 12:14:28 AM
Um, you gotta win first
minor detail
Post by: afro on January 13, 2016, 12:20:13 AM
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 $.
Post by: etech0 on January 13, 2016, 12:21:24 AM
Im not sure what I enjoy the most out out of this lottery stupidity:TALUK :)
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 $.
Post by: afro on January 13, 2016, 12:23:09 AM
Post by: 12HRS on January 13, 2016, 12:38:04 AM
Post by: afro on January 13, 2016, 12:39:43 AM
Post by: regular on January 13, 2016, 01:32:39 AM
Post by: Jkhein on January 13, 2016, 01:36:15 AM
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? :)
Post by: talmid chuchem on January 13, 2016, 04:44:49 AM
Post by: Boruch999 on January 13, 2016, 04:49:17 AM
I'm on Tapatalk, can someone add medone
Post by: talmid chuchem on January 13, 2016, 04:51:01 AM
doneThanks
Post by: 12HRS on January 13, 2016, 08:05:56 AM
Post by: Hidden on January 13, 2016, 08:06:19 AM
Post by: Knak Yankel on January 13, 2016, 08:20:10 AM
Post by: elit on January 13, 2016, 09:06:53 AM
Post by: Dan on January 13, 2016, 09:22:21 AM
Post by: Naphtali on January 13, 2016, 09:26:01 AM
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.
Post by: TimT on January 13, 2016, 09:27:55 AM
Post by: Knak Yankel on January 13, 2016, 09:33:44 AM
+1.5B
that's a number!
Post by: grodnoking on January 13, 2016, 09:42:11 AM
Post by: teetle on January 13, 2016, 09:43:05 AM
Post by: Naphtali on January 13, 2016, 09:46:33 AM
To the holy mr naftali could you tell us any guarantee that youl still after you win the lottery?
still what?
Post by: Dan on January 13, 2016, 09:54:20 AM
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.
Post by: Knak Yankel on January 13, 2016, 10:07:52 AM
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.
Post by: Dan on January 13, 2016, 10:13:03 AM
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.
Post by: Naphtali on January 13, 2016, 10:15:18 AM
-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.
Post by: Dan on January 13, 2016, 10:18:20 AM
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
Post by: Naphtali on January 13, 2016, 10:28:24 AM
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.
Post by: Dan on January 13, 2016, 10:30:53 AM
it does however significantly increase the odds of winning a smaller prize.So now you're more likely to win back a $4 prize for which you'll give back 10 cents to everyone?
Also These type of Lotteries are meant for entertainment. in which case this has been very entertaining and for $2 thats a steal.
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.
Post by: Knak Yankel on January 13, 2016, 10:31:41 AM
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"
Post by: Naphtali on January 13, 2016, 10:36:08 AM
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...
Post by: Dan on January 13, 2016, 10:37:47 AM
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...
Post by: Dawie on January 13, 2016, 10:43:24 AM
Free powerball entry if you live in NY or NJ
Post by: Naphtali on January 13, 2016, 10:48:52 AM
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.
Post by: Dan on January 13, 2016, 11:01:58 AM
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?
Post by: Naphtali on January 13, 2016, 11:10:54 AM
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.
Post by: jackofall on January 13, 2016, 11:19:36 AM
So it's logicalThere is nothing logical about the lottery. It's about the dreams.......
Post by: Dan on January 13, 2016, 11:20:48 AM
$2 buys the same dream that $80 buys. Nobody is playing PB to win the $4 or the $100 prize.
Post by: Naphtali on January 13, 2016, 11:21:43 AM
There is nothing logical about the lottery. It's about the dreams.......
Like i said its mainly about the entertainment.
Post by: Redbull3 on January 13, 2016, 11:25:57 AM
They say not to pick your own tickets like using birthdays and anneversaries and ect. Because those numbers add up to 1-32 and the numbers range 1-69 and even though u might use numbers 32-69 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 1-69 .+1. Higher numbers have less of a chance of splitting pots because of human sentimentality.
Post by: beeweegee on January 13, 2016, 11:38:53 AM
Do you guys really not get it or are you messing with me?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.
$2 buys the same dream that $80 buys. Nobody is playing PB to win the $4 or the $100 prize.
Post by: Dan on January 13, 2016, 12:04:57 PM
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/powerball-simulator/
Post by: luckyluck on January 13, 2016, 12:13:28 PM
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?
Post by: henche on January 13, 2016, 12:16:24 PM
Post by: beeweegee on January 13, 2016, 12:29:34 PM
All the fun without the cost: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.
http://graphics.latimes.com/powerball-simulator/
Post by: Dan on January 13, 2016, 12:36:48 PM
Post by: churnbabychurn on January 13, 2016, 12:38:25 PM
Post by: henche on January 13, 2016, 12:40:52 PM
Amazing how feeble the human mind is. This thread is eye-opening 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.
Post by: David Smith on January 13, 2016, 12:43:45 PM
Amazing how feeble the human mind is. This thread is eye-opening 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.
Post by: jackofall on January 13, 2016, 12:44:01 PM
Amazing how feeble the human mind is. This thread is eye-opening for me and not much does that to me anymore.What Americans spend their entertainment dollars on.
(http://)
Post by: Dan on January 13, 2016, 12:46:04 PM
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
Post by: TimT on January 13, 2016, 12:46:27 PM
What time is the deadline to purchase a ticket in NJ? Im thinking of pulling the triggerWhat's your rush ? If there's no winner you'll have saved another $2. :)
Post by: churnbabychurn on January 13, 2016, 12:54:46 PM
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.
Post by: henche on January 13, 2016, 01:02:38 PM
How much will it be if no winner?
Maybe worth it to wait it out.
Exactly. You win more if you wait.
Post by: EJB on January 13, 2016, 01:15:42 PM
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?
Post by: EJB on January 13, 2016, 01:16:58 PM
How much will it be if no winner?
Maybe worth it to wait it out.
In my estimation, the chances of that happening are 10-15%
Post by: yos9694 on January 13, 2016, 01:19:47 PM
I really wanted to keep this quiet, but decided to share my strategy to see how much hana'ah Dan gets from it.
Post by: Naphtali on January 13, 2016, 01:23:47 PM
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... :'(
Post by: henche on January 13, 2016, 01:30:21 PM
In my estimation, the chances of that happening are 10-15%
So about the same as my chances of winning.
Post by: churnbabychurn on January 13, 2016, 01:33:12 PM
Post by: Hidden on January 13, 2016, 01:52:05 PM
I'm on tapatalk someone please add me to the wiki thanks
Post by: Red on January 13, 2016, 01:59:02 PM
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.Or if you win a lower prize you actually will walk away with double. :P
I really wanted to keep this quiet, but decided to share my strategy to see how much hana'ah Dan gets from it.
Post by: henche on January 13, 2016, 02:01:55 PM
Post by: beeweegee on January 13, 2016, 02:14:14 PM
Post by: grodnoking on January 13, 2016, 02:18:13 PM
Will join if a spot opensLooks like everyone is paid already.
I'm on tapatalk someone please add me to the wiki thanks
Post by: yos9694 on January 13, 2016, 02:18:45 PM
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.
Post by: henche on January 13, 2016, 02:41:25 PM
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?
Post by: jackofall on January 13, 2016, 02:42:45 PM
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.
Post by: Ergel on January 13, 2016, 02:43:57 PM
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?
Post by: beeweegee on January 13, 2016, 02:45:53 PM
Oy. They spent nearly $1000 on this?Looks like it.
Post by: beeweegee on January 13, 2016, 02:46:10 PM
Worst business decision ever.+1
Post by: Dan on January 13, 2016, 02:52:25 PM
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.
Post by: Naphtali on January 13, 2016, 02:53:25 PM
Post by: username on January 13, 2016, 03:04:48 PM
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.
Post by: yoohoo on January 13, 2016, 03:06:44 PM
http://graphics.wsj.com/lottery-odds/
Post by: lunatic on January 13, 2016, 03:07:31 PM
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
Post by: username on January 13, 2016, 03:08:32 PM
How tiny are your chances at winning the Powerball jackpot? This tiny. - WSJ.com - graphics.wsj.comReminds me of a certain DDF thread.
http://graphics.wsj.com/lottery-odds/
http://forums.dansdeals.com/index.php?topic=38858.msg915068#msg915068
Post by: henche on January 13, 2016, 03:12:44 PM
Oy. They spent nearly $1000 on this?
I read the letter that they spent 2 dollars on one ticket to be shared.
Post by: username on January 13, 2016, 03:15:21 PM
I read the letter that they spent 2 dollars on one ticket to be shared.Yes, but look at the last line about tickets.
Post by: jackofall on January 13, 2016, 03:15:50 PM
I read the letter that they spent 2 dollars on one ticket to be shared."TicketS" "numberS"
Post by: Redbull3 on January 13, 2016, 03:27:04 PM
Post by: voldemort on January 13, 2016, 03:30:59 PM
"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.
Post by: yuneeq on January 13, 2016, 03:35:59 PM
Post by: henche on January 13, 2016, 03:38:00 PM
They bought 477 tickets.
Good to know they have spare cash lying around.
Post by: churnbabychurn on January 13, 2016, 03:38:16 PM
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
Post by: 12HRS on January 13, 2016, 03:44:51 PM
Post by: yuneeq on January 13, 2016, 03:46:27 PM
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.
Post by: henche on January 13, 2016, 03:49:12 PM
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
Post by: churnbabychurn on January 13, 2016, 03:58:41 PM
They could have done that with one ticket total. 477*0=0Moral is worth more than zero
Post by: skyguy918 on January 13, 2016, 04:04:54 PM
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.
Post by: David Smith on January 13, 2016, 04:09:16 PM
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.
Post by: skyguy918 on January 13, 2016, 04:10:18 PM
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).
Post by: David Smith on January 13, 2016, 04:11:25 PM
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.
Post by: skyguy918 on January 13, 2016, 04:12:57 PM
I'm aware. If you invest that properly, you can live reasonably comfortably off that.ALOL...
Because you were joking, right?
Post by: Redbull3 on January 13, 2016, 04:14:50 PM
Post by: David Smith on January 13, 2016, 04:15:50 PM
ALOL...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.
Because you were joking, right?
Post by: skyguy918 on January 13, 2016, 04:17:13 PM
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.
Post by: David Smith on January 13, 2016, 04:19:18 PM
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?
Post by: henche on January 13, 2016, 04:23:58 PM
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%.
Post by: yuneeq on January 13, 2016, 04:29:07 PM
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.
Post by: Redbull3 on January 13, 2016, 04:31:18 PM
Just curious, how did you quote someone from the future?HA! How did that happen?
http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011
Post by: skyguy918 on January 13, 2016, 04:35:02 PM
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?
Post by: skyguy918 on January 13, 2016, 04:36:36 PM
Just curious, how did you quote someone from the future?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.
http://forums.dansdeals.com/index.php?topic=59828.msg1383011#msg1383011
ETA: Both posters quoting each other in a weird circular way.
Post by: henche on January 13, 2016, 04:53:50 PM
Post by: jackofall on January 13, 2016, 04:57:06 PM
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%.
Post by: Redbull3 on January 13, 2016, 04:57:23 PM
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.
Post by: Dan on January 13, 2016, 04:58:34 PM
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?
Post by: jackofall on January 13, 2016, 04:59:43 PM
100% safe? Namely?Nothing is 100% safe. Referring to solid investments. Namely real estate.
Post by: Redbull3 on January 13, 2016, 04:59:55 PM
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.
Post by: Dan on January 13, 2016, 05:02:08 PM
Nothing is 100% safe.-1
Referring to solid investments. Namely real estate.Going to bet your whole nest egg on real estate?
Post by: jackofall on January 13, 2016, 05:04:55 PM
-1Half. 1 mm at 10% spread out between 3 deals. 500 Grand mutual funds. 500 Grand treasuries. Can almost live off of this
Going to bet your whole nest egg on real estate?
Post by: Redbull3 on January 13, 2016, 05:06:03 PM
Post by: jackofall on January 13, 2016, 05:18:05 PM
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.
Post by: grodnoking on January 13, 2016, 07:16:56 PM
There is no safe investment today yielding 8%.What's the percentage that would be considered safe
Post by: talmid chuchem on January 13, 2016, 07:23:40 PM
+1.5BNonprofits DO pay taxes on earning.
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.
They don't pay taxes on their purchases as they are NON-PROFIT, but if they make profit they pay taxes Luke any other corp.
Post by: lunatic on January 13, 2016, 07:26:49 PM
Nonprofits DO pay taxes on earning.-1
They don't pay taxes on their purchases as they are NON-PROFIT, but if they make profit they pay taxes Luke any other corp.
Post by: Super Speed on January 13, 2016, 07:29:22 PM
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.
Post by: Super Speed on January 13, 2016, 07:31:56 PM
Not that I think you need to purchase more than one ticket but it wasn't the schools money.
Post by: grodnoking on January 13, 2016, 07:33:06 PM
Nonprofits DO pay taxes on earning.-1, if I would buy something off them, they would need to pay sales tax, but they dont pay income tax or the sort.
They don't pay taxes on their purchases as they are NON-PROFIT, but if they make profit they pay taxes Luke any other corp.
Post by: talmid chuchem on January 13, 2016, 07:33:18 PM
-1Um, u know what your saying? or saying what you know?
Post by: lunatic on January 13, 2016, 07:38:00 PM
Um, u know what your saying? or saying what you know?Yes. I do know. I am an accountant and work for a non-profit.
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
Post by: username on January 13, 2016, 08:01:46 PM
Post by: henche on January 13, 2016, 08:03:10 PM
Yes. I do know. I am an accountant and work for a non-profit.
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 non-us person wins. Is it fdap?
Post by: yos9694 on January 13, 2016, 08:37:32 PM
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 non-us 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!
Post by: aj26 on January 13, 2016, 08:43:11 PM
There is no safe investment today yielding 8%.
I have us treasury bonds giving out 7.5%
Post by: henche on January 13, 2016, 08:56:35 PM
I have us treasury bonds giving out 7.5%
Tell us the rest of the story?
Post by: Ergel on January 13, 2016, 08:56:56 PM
Moral is worth more than zeroMuch better off making a pizza party
Post by: Ergel on January 13, 2016, 08:57:15 PM
I have us treasury bonds giving out 7.5%Where do I buy?
Post by: aygart on January 13, 2016, 09:04:42 PM
Post by: aj26 on January 13, 2016, 09:14:46 PM
Post by: aygart on January 13, 2016, 09:18:47 PM
Bought in the 90'sDoesn'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.
Post by: Dan on January 13, 2016, 09:20:11 PM
Post by: henche on January 13, 2016, 09:20:16 PM
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.
Post by: henche on January 13, 2016, 09:20:56 PM
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?
Post by: aj26 on January 13, 2016, 09:23:57 PM
Post by: Dan on January 13, 2016, 09:25:12 PM
(http://images.tapatalk-cdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
Post by: Palm5 on January 13, 2016, 09:32:21 PM
Came with my Chinese food tonight:
(http://images.tapatalk-cdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
Ha that's great
Post by: churnbabychurn on January 13, 2016, 09:45:35 PM
Came with my Chinese food tonight:That's nothing. I got the winning numbers in mine last night!
(http://images.tapatalk-cdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
Post by: skyguy918 on January 13, 2016, 09:53:52 PM
https://en.wikipedia.org/wiki/Lottery#Fortune_cookie_payout
Post by: aygart on January 13, 2016, 10:06:16 PM
It's no joke:, happened in real life:lol
https://en.wikipedia.org/wiki/Lottery#Fortune_cookie_payout
Post by: elit on January 13, 2016, 10:08:53 PM
anyone buying with lakewood cheder's numbers to piggyback on their zchus harabim?Alol
Came with my Chinese food tonight:You bought a ticket? ?
(http://images.tapatalk-cdn.com/16/01/13/9f90f588e80af0444aebda2c7aa0dce1.jpg)
Post by: Dan on January 13, 2016, 10:15:17 PM
You bought a ticket? ?Don't read DDMS?
Post by: grodnoking on January 13, 2016, 10:16:24 PM
With 1.5B you should be able to afford a DeLorean.They are not expensive.
Post by: elit on January 13, 2016, 10:17:58 PM
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
Post by: elit on January 13, 2016, 10:27:22 PM
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]
.
Post by: Dan on January 13, 2016, 10:30:39 PM
So u have come a long way from this.It was a joke. Applies more to those who buy more than 1 ticket ;)
Post by: elit on January 13, 2016, 10:38:00 PM
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
Post by: grodnoking on January 13, 2016, 10:59:36 PM
Post by: Chapshnell on January 13, 2016, 11:01:44 PM
8, 27, 34, 4, 19
Powerball: 10
Good luck!
Post by: Brian93 on January 13, 2016, 11:03:36 PM
Post by: etech0 on January 13, 2016, 11:06:45 PM
I hope no one won...I won the $2 that I didn't spend/waste on a ticket
Post by: henche on January 13, 2016, 11:07:32 PM
Post by: Venilla on January 13, 2016, 11:08:10 PM
I won the $2 that I didn't spend/waste on a ticket😄+1
Post by: HowYaDoin on January 13, 2016, 11:09:38 PM
Post by: jackofall on January 13, 2016, 11:11:24 PM
so what do I do again if I dont want anybody to know that I won?PM me
Post by: regular on January 13, 2016, 11:13:13 PM
Post by: Dan on January 13, 2016, 11:14:42 PM
so whats the tally for the pool? did we make our $ backLOL
Post by: Yordai Dooma on January 13, 2016, 11:15:50 PM
so whats the tally for the pool? did we make our $ backi think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymous
Post by: joe1234 on January 13, 2016, 11:17:59 PM
i think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymousi think we should make a lotto for who should get the $20... ::) or 100 lottos of $.20.... :P
Post by: Ephraimh on January 13, 2016, 11:19:13 PM
Or claim it on a day of a terrorist attack or something.(https://uploads.tapatalk-cdn.com/20160114/d1c594316cb7019c09b8d3a46e6beba3.jpg)
Post by: good sam on January 13, 2016, 11:19:33 PM
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.
Post by: Chapshnell on January 13, 2016, 11:19:50 PM
Post by: henche on January 13, 2016, 11:22:16 PM
i think we won $20 if i calculated correctly. Sorry that i just made it public and not anonymous
we distributing or rolling?
Post by: Naphtali on January 13, 2016, 11:25:52 PM
Post by: Yordai Dooma on January 13, 2016, 11:45:19 PM
we distributing or rolling?We should use it to buy tickets for Saturday's measly 40 million
Post by: Naphtali on January 13, 2016, 11:47:19 PM
Post by: 12HRS on January 13, 2016, 11:50:20 PM
Post by: akivak on January 13, 2016, 11:50:39 PM
Post by: 12HRS on January 13, 2016, 11:51:58 PM
I heard that California doesn't have Lottery tax is that true anyone?
no state tax i believe
Post by: akivak on January 13, 2016, 11:52:37 PM
Post by: Naphtali on January 13, 2016, 11:52:52 PM
Post by: Naphtali on January 13, 2016, 11:56:54 PM
Post by: akivak on January 13, 2016, 11:57:44 PM
cant get away from the feds though...How much % is that?
Post by: Naphtali on January 13, 2016, 11:59:27 PM
Post by: Palm5 on January 14, 2016, 12:18:02 AM
(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......
Post by: grodnoking on January 14, 2016, 12:21:16 AM
How much % is that?39.6%
Post by: Super Speed on January 14, 2016, 12:24:58 AM
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
Post by: good sam on January 14, 2016, 12:25:51 AM
(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!
Post by: CS1 on January 14, 2016, 12:25:57 AM
39.6%
and he bought it today!
Post by: googwallet on January 14, 2016, 12:46:04 AM
and he bought it today!It's fake. On the Facebook post he put #Photoshop
https://www.facebook.com/CoronaConcepts/
Post by: CS1 on January 14, 2016, 01:10:23 AM
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 7-11 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...
Post by: Brian93 on January 14, 2016, 01:14:24 AM
i figured that it was a copy from the (register of the) store where it was purchased.I think anyone who bought tickets is checking this time...
If someone stopped into a 7-11 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...
Post by: henche on January 14, 2016, 09:22:21 AM
I'm good at being friends.
Post by: Hidden on January 14, 2016, 10:37:25 AM
Poor me
Post by: CS1 on January 14, 2016, 10:40:37 AM
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.
Post by: henche on January 14, 2016, 10:42:35 AM
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.
Post by: Dawie on January 14, 2016, 10:42:39 AM
Yes. I do know. I am an accountant and work for a non-profit.Then you should know that UBIT doesn;t apply on things that they do infrequently among other exemptions
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
Post by: CS1 on January 14, 2016, 10:47:14 AM
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.
Post by: henche on January 14, 2016, 10:49:41 AM
$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.
Post by: Palm5 on January 14, 2016, 04:46:46 PM
Post by: stbaum on January 14, 2016, 04:51:18 PM
Supposedly a nurse employed by recognitz was the California winner
http://forums.dansdeals.com/index.php?topic=59965.0
Post by: jackofall on January 14, 2016, 05:24:40 PM
Last night's winning #'s
08+27+34+04+19+10 = 102
אמונה= 102
Post by: 12HRS on January 14, 2016, 05:48:36 PM
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....
Post by: Shmulie on January 15, 2016, 01:49:24 PM
Post by: henche on January 15, 2016, 02:05:59 PM
So did the lottery pool win anything?
The whole thing.
Post by: Dan on January 15, 2016, 02:08:38 PM
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.
Post by: henche on January 15, 2016, 02:19:06 PM
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.
Post by: Dan on January 15, 2016, 02:19:49 PM
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!
Post by: lunatic on January 15, 2016, 02:27:44 PM
And cars for the dates as well!And henche doesn't realize that he/she is going to get hit up to pay for all this
Hodu L'hashem ki tov!
Post by: 12HRS on January 15, 2016, 03:25:14 PM
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
Post by: grodnoking on January 15, 2016, 03:36:26 PM
henche will just bill it back to his clients obviouslyBut rechnitz is henches client, so in essence rechnitz is still paying.
Post by: Shmulie on January 15, 2016, 03:40:26 PM
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 :'(
Post by: yelped on January 16, 2016, 08:18:48 PM
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
Post by: etech0 on January 16, 2016, 10:19:25 PM
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/win-1-5-billion-dollars-with-the-onlysimchas-team)
Post by: joe1234 on January 16, 2016, 10:58:12 PM
Post by: good sam on February 17, 2016, 06:47:57 PM
Post by: joe1234 on August 22, 2017, 08:44:54 PM
Post by: Work-for-ur-muny on August 22, 2017, 08:52:41 PM
Anyone in for a pool for this one?I'd rather win myself. lol
Post by: Yammer on August 23, 2017, 12:47:37 AM
Anyone in for a pool for this one?
I'd rather win myself. lol+1
Never understood the pooling
Post by: David Smith on August 23, 2017, 01:12:43 AM
Post by: aygart on August 23, 2017, 08:00:47 AM
People find playing the lottery as a group more enjoyable and that it builds camaraderie.Unless they win
Post by: Yammer on August 23, 2017, 09:11:36 AM
Unless they winLol
+1000
Post by: joe1234 on August 23, 2017, 09:32:05 AM
+1More people have more zechusim...
Never understood the pooling
Post by: aygart on August 23, 2017, 04:38:02 PM
http://www.businessinsider.com/winning-powerball-lottery-happiness-2017-8
Post by: Dan on August 23, 2017, 05:25:53 PM
why-we-buy-lottery-ticketsTax on those who are bad at math.
Post by: CS1 on August 23, 2017, 07:33:39 PM
When is the next drawing?
Post by: TimT on August 23, 2017, 07:45:10 PM
They are not anonymous: http://www.powerball.com/megamillions/mm_main.aspTonight
When is the next drawing?
Post by: CS1 on August 23, 2017, 10:46:01 PM
Tonight
Thank you -- in 14 minutes -- I just found the information: http://www.powerball.com/powerball/pb_prizes.asp
Post by: Ephraimh on August 24, 2017, 01:15:45 AM
Wow.
Post by: Dan on August 24, 2017, 01:18:05 AM
Post by: CS1 on August 24, 2017, 08:05:57 AM
Post by: aygart on August 24, 2017, 09:39:58 AM
Post by: TimT on August 24, 2017, 10:33:06 AM
Post by: Yammer on August 24, 2017, 10:37:12 AM
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
Post by: ChaimMoskowitz on August 24, 2017, 10:48:38 AM
I wonder what happens if you have a pic but not the actual ticketYou make some lawyer rich. :)
Post by: churnbabychurn on August 24, 2017, 10:51:35 AM
I wonder what happens if you have a pic but not the actual ticketYou lose.
Post by: Yammer on August 24, 2017, 10:52:07 AM
You make some lawyer rich. :)
You lose.Lol
Post by: TimT on August 24, 2017, 01:37:59 PM
Must be henche.Henche, what long hair you have.
https://mobile.twitter.com/CBSNews/status/900772296427806720/video/1
Post by: CS1 on August 24, 2017, 07:51:47 PM
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...
Post by: joe1234 on August 26, 2017, 10:41:36 PM
I wonder what happens if you have a pic but not the actual ticketTARB :P
Post by: grodnoking on October 17, 2018, 05:18:39 AM
Post by: jj1000 on October 17, 2018, 08:16:34 AM
Post by: mmgfarb on October 17, 2018, 08:54:38 AM
I bet it breaks a billion before the drawing.What's it at now?
Post by: ChaimMoskowitz on October 17, 2018, 08:57:47 AM
What's it at now?868
Post by: TimT on October 17, 2018, 09:00:51 AM
Post by: ChaimMoskowitz on October 17, 2018, 09:02:32 AM
Chances of winning are 1 in 302.6 million. We can do this, peopleSo you are going to buy all combinations?
Post by: TimT on October 17, 2018, 09:09:51 AM
So you are going to buy all combinations?How long would that take ? :)
Post by: ChaimMoskowitz on October 17, 2018, 09:11:49 AM
How long would that take ? :)Don't know but that would raise the expected winners to four. Is it still worth it?
Post by: mmgfarb on October 17, 2018, 09:13:07 AM
Don't know but that would raise the expected winners to four. Is it still worth it?It's been tried before.
Post by: davidrotts63 on October 17, 2018, 09:17:58 AM
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....?
Post by: mmgfarb on October 17, 2018, 09:19:50 AM
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.
Post by: ChaimMoskowitz on October 17, 2018, 09:22:20 AM
Would raise the winnings value too, no?Calling @EJB
5 winners and you're screwed.
Post by: grodnoking on October 17, 2018, 09:42:42 AM
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.
Post by: mmgfarb on October 17, 2018, 09:43:18 AM
The ZMAN.You think I read that garbage?
Post by: Dan on October 17, 2018, 09:44:23 AM
Post by: aygart on October 17, 2018, 09:44:35 AM
You think I read that garbage?So JS is your sole source of garbage?
Post by: mmgfarb on October 17, 2018, 09:45:20 AM
So JS is your sole source of garbage?Yep, I can't handle much more than this or I'll start spilling over.
Post by: zh cohen on October 17, 2018, 10:57:02 AM
It's been tried before.
This?
http://highline.huffingtonpost.com/articles/en/lotto-winners/
Post by: EJB on October 17, 2018, 11:25:51 AM
Post by: ChaimMoskowitz on October 17, 2018, 11:26:49 AM
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?
Post by: EJB on October 17, 2018, 01:14:30 PM
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 30-40%
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.
Post by: ChaimMoskowitz on October 17, 2018, 01:17:52 PM
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.
Post by: henche on October 17, 2018, 01:20:23 PM
Post by: ChaimMoskowitz on October 17, 2018, 01:28:01 PM
Wiki updated+1
Post by: avromie7 on October 17, 2018, 01:43:41 PM
I'm not sure what the question is, but the ROI is practically almost always negative with the big lotteries.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
1. Earnings will be taxed at an effective rate of 30-40%
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.
Post by: EJB on October 17, 2018, 01:44:45 PM
CMIIW, but I would think there must be a way to not pay taxes on the cost of all the tickets as a business expenseNot 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
Post by: gingyguy on October 17, 2018, 02:13:02 PM
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
Post by: justaregularguy on October 17, 2018, 03:04:48 PM
its 6 numbers?
Post by: ChaimMoskowitz on October 17, 2018, 03:18:06 PM
how many different combinations of numbers are there?The Mega Millions odds are 1 in 302.6 million
its 6 numbers?
Post by: justaregularguy on October 17, 2018, 03:21:24 PM
The Mega Millions odds are 1 in 302.6 milliondo we have 302 million DDFers here?
lets go!
Post by: ChaimMoskowitz on October 17, 2018, 03:40:35 PM
do we have 302 million DDFers here?As people or user names? :)
lets go!
Post by: davidrotts63 on October 17, 2018, 03:51:09 PM
As people or user names? :)Get offline!you have your work cut out for you
Post by: ChaimMoskowitz on October 17, 2018, 04:22:26 PM
Get offline!you have your work cut out for youI have never been this stressed in my life. Doing 20 things at once and have not had anytime for one PC post. >:(
Post by: Yammer on October 17, 2018, 04:46:13 PM
As people or user names? :)It's the 20%-80% rule
Post by: ChaimMoskowitz on October 17, 2018, 04:49:31 PM
It's the 20%-80% ruleCan we change it to 10%-90% so I am not in violation?
Post by: Yammer on October 17, 2018, 05:56:27 PM
Can we change it to 10%-90% so I am not in violation?Sorry...not a Mod yet...
Post by: Dan on October 18, 2018, 02:06:32 PM
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?
Post by: mordechain on October 18, 2018, 02:47:28 PM
Post by: henche on October 18, 2018, 02:51:29 PM
do we have 302 million DDFers here?
lets go!
We'll each win 3 dollars ;D