Quote:
Originally Posted by glgene
Wed, Nov. 28 -- Tonight, at 10:59 ET, is the drawing of the Powerball winner.
This mega lottery contest covers 42 states (FL included), Wash. DC and the US Virgin Islands.
Odds of winning the $550 million jackpot tonight are 1 in 175 million. You are more likely of becoming an astronaut (1 in 12.1 million), or being killed by falling airplane parts (1 in 10 million).
So why do people buy Big $ lottery tickets? In hope of the “dream come true.” As they say in baseball, you can’t get a hit unless you swing the bat. Accordingly, you can’t win the lottery if you don’t buy a ticket. Meanwhile, Forest Gump would probably say, “Stupid is as stupid does.”
Gene
ps: Kathy and I doubled are odds of winning Powerball this week…we bought 2 tickets! <g>
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The odds with 2 tickets didn't change; they are still 1 in 175 MM, all you did was double your chances. Though if I remember my statistics class lectures, on a $2 investment you would need a payout of $350MM to statistically break even on the 1 to 175MM odds (e.g. it would cost you $350MM to buy one of each combination and thus have a winner.) So a $2 bet is is statistically a good bet with the current jackpot, assuming there are no splits. Then you pay about 1/3 in taxes .... so maybe not???
By the way, I bought one ticket and have reserved a Brinks truck to stand by. Positive thinking, you know
