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Ways to stay anonymous:

1. Don't cash the ticket.  Instead, frame it with one of the numbers obscured, and hang it in your office. 
2. Give it to someone you can trust, like me to cash in.

Author Topic: Want to remain anonymous, when you win the powerball?  (Read 37199 times)

Offline ajs625

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Re: Want to remain anonymous, when you win the powerball?
« Reply #90 on: January 11, 2016, 11:02:01 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.

Offline myb821

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Re: Want to remain anonymous, when you win the powerball?
« Reply #91 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.

Offline username

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Re: Want to remain anonymous, when you win the powerball?
« Reply #92 on: January 11, 2016, 11:32:56 AM »
does the purchaser 'gift' the $ to everyone in the pool? Or are they all equal winners?
^^^

Offline Palm5

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Re: Want to remain anonymous, when you win the powerball?
« Reply #93 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

Offline Naphtali

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Re: Want to remain anonymous, when you win the powerball?
« Reply #94 on: January 11, 2016, 11:44:08 AM »
we will have to make a shabbaton.

Online yelped

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Re: Want to remain anonymous, when you win the powerball?
« Reply #95 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. :)

Offline churnbabychurn

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Re: Want to remain anonymous, when you win the powerball?
« Reply #96 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

Offline Buruch

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Re: Want to remain anonymous, when you win the powerball?
« Reply #97 on: January 11, 2016, 12:34:30 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... :)

Offline myb821

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Re: Want to remain anonymous, when you win the powerball?
« Reply #98 on: January 11, 2016, 12:38:34 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
sorry to be mean but your opinion is wrong. Its straight math.

Offline TimT

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Re: Want to remain anonymous, when you win the powerball?
« Reply #99 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

Offline churnbabychurn

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Re: Want to remain anonymous, when you win the powerball?
« Reply #100 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.

Offline JamesIV

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Re: Want to remain anonymous, when you win the powerball?
« Reply #101 on: January 11, 2016, 12:56:38 PM »
I'm in

Offline elit

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Offline teetle

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Re: Want to remain anonymous, when you win the powerball?
« Reply #103 on: January 11, 2016, 01:34:32 PM »
Can u plz add me in.

Offline RefuaFan

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Re: Want to remain anonymous, when you win the powerball?
« Reply #104 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.

« Last Edit: January 11, 2016, 01:59:11 PM by RefuaFan »