Author Topic: Mega millions $1.6BB  (Read 17795 times)

Offline myi

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Feb 2015
  • Posts: 16736
  • Total likes: 1056
  • DansDeals.com Hat Tips 285
  • Gender: Male
    • View Profile
  • Location: InMyPants! 🙈
  • Programs: 2Many2List!
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?
Don't try to be someone else , be who you are because everyone else is taken.

Online mochjas

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Oct 2015
  • Posts: 7334
  • Total likes: 455
  • DansDeals.com Hat Tips 56
    • View Profile
  • Programs: Hyatt Globalist, Hilton Diamond, Marriott Titanium Elite, AA EX PLAT, Jetblue Mosaic, Qatar Gold, United Silver
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

  • Dansdeals Lifetime 10K Presidential Platinum Elite
  • *******
  • Join Date: Feb 2015
  • Posts: 16736
  • Total likes: 1056
  • DansDeals.com Hat Tips 285
  • Gender: Male
    • View Profile
  • Location: InMyPants! 🙈
  • Programs: 2Many2List!
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.
Don't try to be someone else , be who you are because everyone else is taken.

Offline shaulyaakov

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: May 2013
  • Posts: 1727
  • Total likes: 116
  • DansDeals.com Hat Tips 3
    • View Profile
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

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Aug 2012
  • Posts: 5164
  • Total likes: 267
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: IND
  • Programs: Hilton Diamond,Marriott Platinum,SPG Platinum.
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????
I was the Best,still the Best, and will always be the Best.
Pele Good,Maradona Better, George Best.

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1059
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Mega millions $1.6BB
« Reply #320 on: October 24, 2018, 06:21:36 PM »
The expected value of your ticket is much greater when the pot is $1.6BB vs $40MM.
In both cases it is nil.
I just found a new supply of forks!

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 54140
  • Total likes: 2623
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Mega millions $1.6BB
« Reply #321 on: October 24, 2018, 06:22:45 PM »
In both cases it is nil.
Odds of wining are nil, but expected value isn't.
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 ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1059
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Mega millions $1.6BB
« Reply #322 on: October 24, 2018, 06:25:10 PM »
Odds of wining are nil, but expected value isn't.
Part of EV is the odds, no? So 1x0 or 1mmx0 is still nil.  :)
I just found a new supply of forks!

Online Lou Bob

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Apr 2010
  • Posts: 1854
  • Total likes: 58
  • DansDeals.com Hat Tips 2
    • View Profile
  • Programs: Starbucks gold, Optavia
Re: Mega millions $1.6BB
« Reply #323 on: October 24, 2018, 06:32:07 PM »
Play the pb. Much better odds  :D
Always use an Amex, you'll thank me one day.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 54140
  • Total likes: 2623
  • DansDeals.com Hat Tips 16441
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: Mega millions $1.6BB
« Reply #324 on: October 24, 2018, 06:46:03 PM »
Part of EV is the odds, no? So 1x0 or 1mmx0 is still nil.  :)
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
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 farmbochur

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Dec 2011
  • Posts: 1419
  • Total likes: 79
  • DansDeals.com Hat Tips 6
    • View Profile
Re: Mega millions $1.6BB
« Reply #325 on: October 24, 2018, 06:49:52 PM »
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
https://www.google.com/amp/s/amp.businessinsider.com/mega-millions-jackpot-is-it-worth-buying-lottery-ticket-2018-10

This article shows positive expected value on last night's drawing, but it ignores taxes and multiple winners.
Risk is opportunity

Offline ChaimMoskowitz

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jun 2014
  • Posts: 6669
  • Total likes: 1059
  • DansDeals.com Hat Tips 1
  • Gender: Female
    • View Profile
Re: Mega millions $1.6BB
« Reply #326 on: October 24, 2018, 07:00:34 PM »
Odds times prize. Hence why $40MM is a bad buy and $1.6BB is a decent buy.
https://www.google.com/amp/s/amp.businessinsider.com/mega-millions-jackpot-is-it-worth-buying-lottery-ticket-2018-10

This article shows positive expected value on last night's drawing, but it ignores taxes and multiple winners.
Basically expected value is negative. They are both bad buys with one being worse.
I just found a new supply of forks!

Offline shaulyaakov

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: May 2013
  • Posts: 1727
  • Total likes: 116
  • DansDeals.com Hat Tips 3
    • View Profile
Re: Mega millions $1.6BB
« Reply #327 on: October 24, 2018, 07:18:28 PM »
Basically expected value is negative. They are both bad buys with one being worse.
There are also small prizes that prob that up a bit. You have a 1/24 chance of breaking even or better.

Offline 12HRS

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jun 2013
  • Posts: 4787
  • Total likes: 289
  • DansDeals.com Hat Tips 6
    • View Profile
Re: Mega millions $1.6BB
« Reply #328 on: October 24, 2018, 10:44:10 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.

Easy for that to be your dream when thats the only Hasogah you have. Get 12MM and see what your dreams change to then.

Offline justaregularguy

  • Dansdeals Platinum Elite + Lifetime Silver Elite
  • *****
  • Join Date: Sep 2014
  • Posts: 603
  • Total likes: 52
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: not brooklyn
Re: Mega millions $1.6BB
« Reply #329 on: October 25, 2018, 01:38:43 AM »
The deadline to buy Mega Millions tickets in New York state is 10:45 p.m. ET on days when winning numbers are announced.
wow thatís amazing: I bought my ticket at 10:44:48!! One of the last ones to buy :D
(Id love to show a pic of it but the darn attachment is too karge >:(-seems to happen a lot with my phone for some reason)
nothings impossible- the word itself says Im possible