Quote:
Originally Posted by rsmlp
Quote:
Originally Posted by tbonies
First intelligent post I have seen from you in 3 years..
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100% agreed. The odds are like being it by lightning. Game for suckers. |
See, this why I will buy a ticket. If I win, whats the chance that I would then ALSO be hit by lightning. Logic!
On another note...gamblers odds are actually getting close to being favorable for making a $2 bet.
Odds of winning are 305,000,00 to 1. With a single bet of $2 you would need an expected return to be above 610,000,00 to have the odds per risk be worthwhile. While the jackpot is at 1.6b it looks on the surface that we are there...but...that total is paid over time and the cash payout is about 950,000,000, which also looks ok but for taxes of 39.6 %. When the cash value goes above about 1,100,000,000, AND, if you are a single winner...then the $2 ticket IS A GOOD DEAL!