Power Ball

[JourneyHard]

After I win the $700 Million Power Ball, I will negociate a price for Steve Perry to reunite with Journey for a private concert. I will pick the set list. I will record the concert for private use. Also, I will have Journey with Steve Perry make a brand new album which I am the only one to have the master of.

I have the money already spent. I better win.

[perryfan61]

After I win the $700 Million Power Ball, I will negociate a price for Steve Perry to reunite with Journey for a private concert. I will pick the set list. I will record the concert for private use. Also, I will have Journey with Steve Perry make a brand new album which I am the only one to have the master of.

I have the money already spent. I better win.

Do you think there is enough money in the world to get SP on board? But then again...a private concert... He might just go for that!!

[steveo777]

I've got 10 tickets to paradise.

[Ehwmatt]

Some hill jack or crackwhore is gonna blow a lot of money after winning this one.

[steveo777]

Here's a guy who's pretty honest about what he'll do if he wins.
https://www.youtube.com/watch?v=IvE84AGMWpE

[tater1977]

Still no winner: Powerball jackpot could rise to $1.3 billion.

The winning numbers — were 16-19-32-34-57 and the Powerball number 13.

[Journey/Survivor]

Still no winner: Powerball jackpot could rise to $1.3 billion.

The winning numbers — were 16-19-32-34-57 and the Powerball number 13.

With all of the millions of tickets that are being sold, how has there not been a winner yet?

[Monker]

Example : You purchase $20 worth of tickets and think you have slightly increased your odds by buying 10 $2 tickets. You have not increased your odds at all, all 10 tickets have the same odds of 1 in 292 million. This thing could hit 2 Billion if no winner on Wednesday.

This is simply not true. The analogy you are using is flipping a coin. If you flip it ten times and every time it is heads, the next time you flip it the odds are still 50/50, regardless of what happened on the previous flips.

But, if you have 10 coins and flip them, your odds for getting at least one heads or one tails have increased dramatically.

By the same logic, in your example, the odds of each individual ticket is the same...but your odds DO increase slightly if you consider all 10 tickets at once, assuming they all have different numbers. If you have 10 tickets and the odds are "1 out of ten chance of winning", and all 10 tickets have different numbers...I would say your odds definitely went up because you are guaranteed to win.

If I go and buy $500 million worth of Powerball tickets, and ensure every one of them is unique and I have every combination of numbers, then I will win the Powerball...again, I think my odds went up with the number of purchased tickets.

The reason why nobody has won is there are a ton of duplicate tickets. You all need make some deal to ensure you all get different numbers

[Memorex]

Example : You purchase $20 worth of tickets and think you have slightly increased your odds by buying 10 $2 tickets. You have not increased your odds at all, all 10 tickets have the same odds of 1 in 292 million. This thing could hit 2 Billion if no winner on Wednesday.

This is simply not true. The analogy you are using is flipping a coin. If you flip it ten times and every time it is heads, the next time you flip it the odds are still 50/50, regardless of what happened on the previous flips.

But, if you have 10 coins and flip them, your odds for getting at least one heads or one tails have increased dramatically.

By the same logic, in your example, the odds of each individual ticket is the same...but your odds DO increase slightly if you consider all 10 tickets at once, assuming they all have different numbers. If you have 10 tickets and the odds are "1 out of ten chance of winning", and all 10 tickets have different numbers...I would say your odds definitely went up because you are guaranteed to win.

If I go and buy $500 million worth of Powerball tickets, and ensure every one of them is unique and I have every combination of numbers, then I will win the Powerball...again, I think my odds went up with the number of purchased tickets.

The reason why nobody has won is there are a ton of duplicate tickets. You all need make some deal to ensure you all get different numbers

Correct. There is a 1 in 292 million chance of winning with 1 ticket. There is a 10 in 292 million chance of winning with 10 unique tickets. There is a 100% chance of winning with 292 million unique tickets, but no time frame to process that many and of course you'll more than likely end up sharing it.

How about a million. I'll take that and be happy. Of course I never play, so my odds are 0 in 292 million.

[steveo777]

I never play lottery, until the powerball gets ridiculously high, then I buy a few shots at it. I understand the odds, but hell, why not? I can blow a few bucks on anything, in a given day. Other than that, I don't gamble, except for the couple times a day I get in my car or cross a street.

Last week I bought 10 tickets and tonight I just bought 10 more picks. I lost $17 last week, only because I picked the 13, which is the final powerball number, paying me $3.

[Arkansas]

http://money.cnn.com/2016/01/12/news/po ... index.html

later~

[Memorex]

http://money.cnn.com/2016/01/12/news/powerball-odds/index.html

later~

Well of course everyone expects to lose. I don't think my $20 for 10 tickets is going to net me over a billion dollars. It's going to lose me $20. But that's the entertainment of it. It's worth $20 to me to have fun with it.

But while the article does state that more tickets make your odds of winning a touch better, it's focus is more on the odds of losing. Which I hope anyone that plays is already aware of.

[Ehwmatt]

I never play lottery, until the powerball gets ridiculously high, then I buy a few shots at it. I understand the odds, but hell, why not? I can blow a few bucks on anything, in a given day. Other than that, I don't gamble, except for the couple times a day I get in my car or cross a street.

Last week I bought 10 tickets and tonight I just bought 10 more picks. I lost $17 last week, only because I picked the 13, which is the final powerball number, paying me $3.

Agreed. I bought $30 worth Wednesday and ended up "winning" $16 of it back. It was fun enough, and I don't gamble otherwise. Plus, shit, somebody has to win, so why not play a few lines when it's that high?

[JourneyHard]

I am going on Shark Tank with my new APP that allows everybody to have unique numbers for Power Ball. Then I get a 10% cut of the winnings!

[JBlake]

Still no winner: Powerball jackpot could rise to $1.3 billion.

The winning numbers — were 16-19-32-34-57 and the Powerball number 13.

With all of the millions of tickets that are being sold, how has there not been a winner yet?

Because the odds are 1 in 292+ million. Each and every ticket sold has a 1 in 292 mil chance to win. That does not mean if 292 million tickets are sold that one is a winner, far from it. Example : You purchase $20 worth of tickets and think you have slightly increased your odds by buying 10 $2 tickets. You have not increased your odds at all, all 10 tickets have the same odds of 1 in 292 million. This thing could hit 2 Billion if no winner on Wednesday.

Your precisely right FF. But the reason why so many people blow their dough on buying tickets is because they do not believe what you are saying is correct.

[JBlake]

Example : You purchase $20 worth of tickets and think you have slightly increased your odds by buying 10 $2 tickets. You have not increased your odds at all, all 10 tickets have the same odds of 1 in 292 million. This thing could hit 2 Billion if no winner on Wednesday.

This is simply not true. The analogy you are using is flipping a coin. If you flip it ten times and every time it is heads, the next time you flip it the odds are still 50/50, regardless of what happened on the previous flips.

But, if you have 10 coins and flip them, your odds for getting at least one heads or one tails have increased dramatically.

By the same logic, in your example, the odds of each individual ticket is the same...but your odds DO increase slightly if you consider all 10 tickets at once, assuming they all have different numbers. If you have 10 tickets and the odds are "1 out of ten chance of winning", and all 10 tickets have different numbers...I would say your odds definitely went up because you are guaranteed to win.

If I go and buy $500 million worth of Powerball tickets, and ensure every one of them is unique and I have every combination of numbers, then I will win the Powerball...again, I think my odds went up with the number of purchased tickets.

The reason why nobody has won is there are a ton of duplicate tickets. You all need make some deal to ensure you all get different numbers

Correct. There is a 1 in 292 million chance of winning with 1 ticket. There is a 10 in 292 million chance of winning with 10 unique tickets. There is a 100% chance of winning with 292 million unique tickets, but no time frame to process that many and of course you'll more than likely end up sharing it.

How about a million. I'll take that and be happy. Of course I never play, so my odds are 0 in 292 million.

That still doesn't change the fact that each one of those 10 tickets still has the odds of 1 in 292 million of winning the big one.

[Monker]

That still doesn't change the fact that each one of those 10 tickets still has the odds of 1 in 292 million of winning the big one.

Are you people stupid? Nobody is arguing what you said above.

Each ticket has those odds. But, all 10 tickets taken together have a slightly higher chance of winning...as long as none of the 10 are duplicate tickets.

That is a simple indisputable FACT.

Looking at it your way, it could take 292 million lotto drawings to find a winner.

[JBlake]

That still doesn't change the fact that each one of those 10 tickets still has the odds of 1 in 292 million of winning the big one.

Are you people stupid? Nobody is arguing what you said above.

Each ticket has those odds. But, all 10 tickets taken together have a slightly higher chance of winning...as long as none of the 10 are duplicate tickets.

That is a simple indisputable FACT.

Looking at it your way, it could take 292 million lotto drawings to find a winner.

It's individuals with mental capacities as yourself who keep those casinos and lotteries a booming business.

[JBlake]

That still doesn't change the fact that each one of those 10 tickets still has the odds of 1 in 292 million of winning the big one.

Are you people stupid? Nobody is arguing what you said above.

Each ticket has those odds. But, all 10 tickets taken together have a slightly higher chance of winning...as long as none of the 10 are duplicate tickets.

That is a simple indisputable FACT.

Looking at it your way, it could take 292 million lotto drawings to find a winner.

The only difference between buying a few tickets and buying a lot of tickets is the amount of loss. Buy a few, lose a little. Buy a lot, lose a lot.