Author Topic: Mega millions $1.6BB  (Read 66426 times)

Offline myi

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Re: Mega millions $1.6BB
« Reply #300 on: October 24, 2018, 04:24:00 PM »
This makes no sense
Why not, would you not be happy with 12 million , or only when its 1.6 billion would you waste $2 to buy a ticket.
 The same chance you to win 1.6b is the same equal chance to win the regular 12m.
  Dont know what's not to understand.
 Yes it's a crazy number 1.6b, just start buying every time theres a drawing as you can potentially win 12m or 6m whatever it is at a standard time.
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Offline LETSGOCUSTOM

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Re: Mega millions $1.6BB
« Reply #301 on: October 24, 2018, 04:25:54 PM »
Why don’t the news agencies check the store cameras and check to see who baught the winning ticket
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Offline LETSGOCUSTOM

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Re: Mega millions $1.6BB
« Reply #302 on: October 24, 2018, 04:28:41 PM »
Why not, would you not be happy with 12 million , or only when its 1.6 billion would you waste $2 to buy a ticket.
 The same chance you to win 1.6b is the same equal chance to win the regular 12m.
  Dont know what's not to understand.
 Yes it's a crazy number 1.6b, just start buying every time theres a drawing as you can potentially win 12m or 6m whatever it is at a standard time.
You totally missed the boat
Most ppl don’t buy lottery tickets cuz it’s statistically does not make sense
But when it’s a large pot ppl use it as an excuse to buy
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Offline myi

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Re: Mega millions $1.6BB
« Reply #303 on: October 24, 2018, 04:36:42 PM »
You totally missed the boat
Most ppl don’t buy lottery tickets cuz it’s statistically does not make sense
But when it’s a large pot ppl use it as an excuse to buy
Good to hear that 12 million is chump change, I think that's good enough for a reason to buy.
 Using 12 or 6 as that's the bare minimum the lotto goes after a winner, so on average it can range from 6-200m.

 Yes not arguing that 1.6b is a huge insane amount.

  I guess it's all in the brain that now at 1.6 I gotta buy, while at 12m which you see everytime you pass the convenience store it doesnt phase you anymore.
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Offline myi

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Re: Mega millions $1.6BB
« Reply #304 on: October 24, 2018, 04:37:49 PM »
Why don’t the news agencies check the store cameras and check to see who baught the winning ticket
They have done that many times.
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Offline shaulyaakov

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Re: Mega millions $1.6BB
« Reply #305 on: October 24, 2018, 04:39:30 PM »
Good to hear that 12 million is chump change, I think that's good enough for a reason to buy.
 Using 12 or 6 as that's the bare minimum the lotto goes after a winner, so on average it can range from 6-200m.

 Yes not arguing that 1.6b is a huge insane amount.

  I guess it's all in the brain that now at 1.6 I gotta buy, while at 12m which you see everytime you pass the convenience store it doesnt phase you anymore.
I do admit for a rational consumer, 40M and 1.6B are pretty close as they are both more money than the 99% earns in a lifetime.

Still, if one is only playing occasionally, it makes sense to play when the money is the best.

Offline Dan

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Re: Mega millions $1.6BB
« Reply #306 on: October 24, 2018, 04:41:06 PM »
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
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Offline myi

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Re: Mega millions $1.6BB
« Reply #307 on: October 24, 2018, 04:48:17 PM »
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
=True statement.
 But the ends dont justify the means.
They're both insane amounts for a single individual.
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Offline Redbull3

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Re: Mega millions $1.6BB
« Reply #308 on: October 24, 2018, 04:49:24 PM »
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
No reason to be rational with lotto though.

Offline shaulyaakov

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Re: Mega millions $1.6BB
« Reply #309 on: October 24, 2018, 04:50:27 PM »
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.

Offline myi

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Re: Mega millions $1.6BB
« Reply #310 on: October 24, 2018, 04:52:37 PM »
Now were talking, we have some winners for some million in brooklyn.

https://bklyner.com/two-mega-million-winning-tickets-sold-in-brooklyn/
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Offline Dan

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Re: Mega millions $1.6BB
« Reply #311 on: October 24, 2018, 05:00:15 PM »
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.
You're not flying private with $12MM.
$500MM OTOH...
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline shaulyaakov

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Re: Mega millions $1.6BB
« Reply #312 on: October 24, 2018, 05:04:34 PM »
You're not flying private with $12MM.
$500MM OTOH...
I mean if someone's dream is to just buy a retirement house and payoff debt and live comfortably with normal vacations sprinkled in, 12mm is fine.

Offline myi

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Re: Mega millions $1.6BB
« Reply #313 on: October 24, 2018, 05:44:40 PM »
I mean if someone's dream is to just buy a retirement house and payoff debt and live comfortably with normal vacations sprinkled in, 12mm is fine.
Agree.  :)
 I guess that means I got to start buying some tickets for the Friday drawing of 40 million.
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Offline mochjas

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Re: Mega millions $1.6BB
« Reply #314 on: October 24, 2018, 05:46:40 PM »
Agree.  :)
 I guess that means I got to start buying some tickets for the Friday drawing of 40 million.
the powerball tonight is pretty sweet

Offline myi

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Re: Mega millions $1.6BB
« Reply #315 on: October 24, 2018, 05:48:24 PM »
the powerball tonight is pretty sweet
Being that they're both $2 I guess the Powerball it is.
 
  Q; Why was it raised from $1 to $2 or rather why was the Powerball originally $2 and not $1?
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Offline mochjas

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Re: Mega millions $1.6BB
« Reply #316 on: October 24, 2018, 05:50:40 PM »
Being that they're both $2 I guess the Powerball it is.
 
  Q; Why was it raised from $1 to $2 or rather why was the Powerball originally $2 and not $1?
it was raised to create bigger jackpots and for them to make more $

Offline myi

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Re: Mega millions $1.6BB
« Reply #317 on: October 24, 2018, 05:51:18 PM »
it was raised to create bigger jackpots and for them to make more $
I would assume that's why it hit 1.6 the first time in history.
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Offline shaulyaakov

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Re: Mega millions $1.6BB
« Reply #318 on: October 24, 2018, 06:11:38 PM »
The lottery sells more tickets when the pit is bigger.

Offline ludmila

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Re: Mega millions $1.6BB
« Reply #319 on: October 24, 2018, 06:12:24 PM »
Also there's probably a certain amount of money that let's someone basically do whatever they want financially. I think $12mm  post tax is not high enough for most people.
For most people????
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