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mpd
Lammen Gorthaur
Registered: 10/22/12
Posts: 9,660
Loc: Mostly at home... Mostly....
Last seen: 8 years, 9 months
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MegaMillions Jackpot Now $636,000,000 - Get Your Tickets!
#19288093 - 12/17/13 11:17 AM (10 years, 3 months ago) |
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http://www.foxnews.com/us/2013/12/17/mega-millions-jackpot-grows-to-586-million/?intcmp=latestnews
The cash option is $341 million. If the lump sum was invested in Treasury Bonds the payout (interest coupon) would create a permanent income of no less than $10 million a year. That's hefty.
-------------------- There is no truer calling for mankind than that of true conservatism.
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Asante
Omnicyclion prophet
Registered: 02/06/02
Posts: 87,286
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288097 - 12/17/13 11:19 AM (10 years, 3 months ago) |
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Then hyperinflation comes along and you are left with nothing.
If you win the jackpot, spend a wad and put a sizable part of it in precious metals. They will ALWAYS retain enough value for you to remain very rich.
-------------------- Omnicyclion.org higher knowledge starts here
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k00laid
NEMO
Registered: 05/03/10
Posts: 19,636
Last seen: 8 months, 1 day
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Asante] 8
#19288144 - 12/17/13 11:34 AM (10 years, 3 months ago) |
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Quote:
Wiccan_Seeker said: Then hyperinflation comes along and you are left with nothing.
If you win the jackpot, spend a wad and put a sizable part of it in precious metals. land.
-------------------- AMU - AMU Q & A - MyVideo Teks!
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Bassfreak
ManBearPig
Registered: 08/24/10
Posts: 18,014
Last seen: 8 years, 6 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: k00laid]
#19288155 - 12/17/13 11:36 AM (10 years, 3 months ago) |
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i bought my tickets already
honestly if i won, id become a full time spunion. traveling from show to show and fest to fest. would be an awesome life
id be extremely stupid with that money and i wouldnt care
-------------------- Tom Brady is a God Free Tom Brady
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DrugsRGood
Analytical Anarchist
Registered: 07/10/09
Posts: 689
Loc: Earth
Last seen: 7 years, 8 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Bassfreak]
#19288162 - 12/17/13 11:39 AM (10 years, 3 months ago) |
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If I won that much I'd give 10 000$ to 63 500 people Give 100 000$ to close friends.
And keep the rest which would be about 500 000$.
-------------------- Life is an adventure; not knowing what's ahead brings a great sense of anticipation; and meeting women is the reward.
Edited by DrugsRGood (12/17/13 11:39 AM)
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pwnasaurus
Stranger
Registered: 07/16/08
Posts: 12,317
Loc: Canada
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: DrugsRGood] 8
#19288166 - 12/17/13 11:41 AM (10 years, 3 months ago) |
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Quote:
DrugsRGood said: If I won that much I'd give 10 000$ to 63 500 people Give 100 000$ to close friends.
And keep the rest which would be about 500 000$.
Bullshit. There's no way you would keep only $500k out of $640 million.
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Bassfreak
ManBearPig
Registered: 08/24/10
Posts: 18,014
Last seen: 8 years, 6 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: DrugsRGood]
#19288168 - 12/17/13 11:41 AM (10 years, 3 months ago) |
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id be greedy as hell
id give money to my parents and my closest friends and thats about it. i wouldnt donate a dollar of it
first order of business would be buying a jet and finding a travel agent lol. id def go on bassnectar tour
-------------------- Tom Brady is a God Free Tom Brady
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DrugsRGood
Analytical Anarchist
Registered: 07/10/09
Posts: 689
Loc: Earth
Last seen: 7 years, 8 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: pwnasaurus] 1
#19288172 - 12/17/13 11:42 AM (10 years, 3 months ago) |
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Quote:
pwnasaurus said: Bullshit. There's no way you would keep only $500k out of $640 million.
Yea cause giving to 63 500 people would make me a lot richer than hundreds of millions in my pockets!!!
Too bad you don't understand.
-------------------- Life is an adventure; not knowing what's ahead brings a great sense of anticipation; and meeting women is the reward.
Edited by DrugsRGood (12/17/13 12:38 PM)
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Synthe
Gatorade me, bitch!
Registered: 11/10/12
Posts: 7,961
Loc: Three bags of Funyuns
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288197 - 12/17/13 11:50 AM (10 years, 3 months ago) |
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What a fucking waste of money.
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VivaLaMushie
RIP LS :(
Registered: 07/23/12
Posts: 15,711
Loc: Switzerland
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Synthe]
#19288223 - 12/17/13 11:58 AM (10 years, 3 months ago) |
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Id give everyone on the shroomery $5 and keep the rest.
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Set
candy colored clown
Registered: 10/03/08
Posts: 6,383
Loc: right near da beach
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288238 - 12/17/13 12:02 PM (10 years, 3 months ago) |
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If I win this I'll float the Shroomery for at least 20 years (pinky swear)
and I won't have to work plebeian biology jobs for the rest of my youth.
-------------------- classic LOVELINE
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Ellis Dee
Archangel
Registered: 06/29/01
Posts: 13,104
Loc: Fire in the sky
Last seen: 5 years, 14 days
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288260 - 12/17/13 12:07 PM (10 years, 3 months ago) |
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I think some fun could be had with the customary news conference in which you're getting the big jumbo check and asked how the money will change your life and such. Instead of beginning by thanking god, thank Satan for his infernal generosity and that it was a bargain for your soul. Then explian how you're planning on starting a charity to get bus tickets for underage pregnant girls in oppressive states to travel to New York where they can get their abortions without parental consent, and say you'll only do one in depth interview and only with Howard Effing Stern, flip them all the bird and walk off. Its not as though you'd have to worry about ruining your employability at that point so have some fun with it.
-------------------- "If the foundations be destroyed, what can the righteous do."-King Solomon And there was war in heaven: Michael and his angels fought against the dragon; and the dragon fought and his angels,
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larry.fisherman
shoulda died already
Registered: 11/03/12
Posts: 36,309
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Set]
#19288267 - 12/17/13 12:08 PM (10 years, 3 months ago) |
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I would probably take the lump sum and live off the interest from savings bonds, then invest the interest.
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mpd
Lammen Gorthaur
Registered: 10/22/12
Posts: 9,660
Loc: Mostly at home... Mostly....
Last seen: 8 years, 9 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Ellis Dee]
#19288275 - 12/17/13 12:10 PM (10 years, 3 months ago) |
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I would pay some bills. Spend the majority on booze, drugs and women, then just blow the rest.
-------------------- There is no truer calling for mankind than that of true conservatism.
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Herbologist
Grrratata
Registered: 05/09/10
Posts: 7,471
Loc: Casa Bonita
Last seen: 3 years, 3 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288294 - 12/17/13 12:13 PM (10 years, 3 months ago) |
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I just had everyone in my work office chip $5 each..
We win!
-------------------- Shroomery Law: Don't piss off the leftist mods & their friends!
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vinsue
Grand Old Fart
Registered: 02/17/04
Posts: 17,953
Loc: The Garden State(NJ)
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19288328 - 12/17/13 12:20 PM (10 years, 3 months ago) |
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Mega Millions jackpot reaches $636 million, nears record high
Quote:
The odds of winning the jackpot used to be 1 in 176 million, but as of Oct. 22 the odds changed to 1 in 259 million as rules to the game changed, according to the Los Angeles Times. Players had been able to pick six numbers 1 through 56; now it's 1 through 75 and the Mega numbers have decreased from 46 to 15.
. . .
-------------------- "All mushrooms are edible; but some only once." Croatian proverb. BTW ... Have You Rated Ythans Mom Yet ?? ... ... HERE'S HOW ... (be nice) . ...
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Bassfreak
ManBearPig
Registered: 08/24/10
Posts: 18,014
Last seen: 8 years, 6 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: vinsue]
#19288412 - 12/17/13 12:36 PM (10 years, 3 months ago) |
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id also buy out the shroomery and perma ban all the people i feel like
-------------------- Tom Brady is a God Free Tom Brady
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Set
candy colored clown
Registered: 10/03/08
Posts: 6,383
Loc: right near da beach
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: vinsue]
#19288413 - 12/17/13 12:36 PM (10 years, 3 months ago) |
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So I'm not going to w-win?
-------------------- classic LOVELINE
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thizzlemaniac
राम राम
Registered: 03/27/12
Posts: 2,254
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Ellis Dee] 1
#19288502 - 12/17/13 12:58 PM (10 years, 3 months ago) |
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I like your style
-------------------- Hi how are you? How high are you?
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Shroomopotamus
Happy Mushrooming
Registered: 09/27/09
Posts: 18,757
Loc: Funkotron
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: thizzlemaniac] 2
#19288809 - 12/17/13 02:08 PM (10 years, 3 months ago) |
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I would do so much good for the world with that money... It's going to be sad to see it go to some redneck who overdoses the day after.
-------------------- * Live by the mushroom, die by the mushroom This is a trap! A trap! You are all busted! Busted! You fools! If a time comes where I fail to appear I've been abducted and I will miss you all Please smile and pet puppies as often as possible Be happy Be nice (<3);}
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Shroomopotamus]
#19288959 - 12/17/13 02:43 PM (10 years, 3 months ago) |
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You all realize that your odds of winning are at their lowest point they've been all month right? I don't understand playing the lottery only when it hits record high jackpots.
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Konyap
Registered: 06/30/07
Posts: 33,945
Loc: Planet Piss
Last seen: 4 years, 4 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg] 2
#19289006 - 12/17/13 02:55 PM (10 years, 3 months ago) |
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they should give that money to blacks
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Konyap]
#19289015 - 12/17/13 02:57 PM (10 years, 3 months ago) |
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.....huh?
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Konyap
Registered: 06/30/07
Posts: 33,945
Loc: Planet Piss
Last seen: 4 years, 4 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg]
#19289029 - 12/17/13 03:00 PM (10 years, 3 months ago) |
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for education grants or somethign
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Bassfreak
ManBearPig
Registered: 08/24/10
Posts: 18,014
Last seen: 8 years, 6 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Konyap]
#19289062 - 12/17/13 03:11 PM (10 years, 3 months ago) |
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Quote:
Illyabo said: they should give that money to blacks
-------------------- Tom Brady is a God Free Tom Brady
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Konyap
Registered: 06/30/07
Posts: 33,945
Loc: Planet Piss
Last seen: 4 years, 4 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Bassfreak] 1
#19289071 - 12/17/13 03:13 PM (10 years, 3 months ago) |
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fried chicken and watermelon stocks went up
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fapjack
Title
Registered: 07/26/07
Posts: 16,574
Loc: Central New Jersey
Last seen: 4 years, 13 days
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19289098 - 12/17/13 03:21 PM (10 years, 3 months ago) |
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I'd buy the shroomery just to fire Prisoner#1, then sell it back for $1. I'd probably die within a few months pennyless, living in a hotel room.
--------------------
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19289101 - 12/17/13 03:21 PM (10 years, 3 months ago) |
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Even at that jackpot level, it's still a bad bet. It's got to get higher before it's a good investment.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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mpd
Lammen Gorthaur
Registered: 10/22/12
Posts: 9,660
Loc: Mostly at home... Mostly....
Last seen: 8 years, 9 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289108 - 12/17/13 03:23 PM (10 years, 3 months ago) |
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Can you imagine the buzz that kind of money can buy? Oh God, here comes the premium cocaine and cocaine bitches!
-------------------- There is no truer calling for mankind than that of true conservatism.
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19289120 - 12/17/13 03:25 PM (10 years, 3 months ago) |
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Fuck that. Imagine the amount of books that could buy.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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fapjack
Title
Registered: 07/26/07
Posts: 16,574
Loc: Central New Jersey
Last seen: 4 years, 13 days
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289132 - 12/17/13 03:27 PM (10 years, 3 months ago) |
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--------------------
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memes
Blessed
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil] 2
#19289151 - 12/17/13 03:31 PM (10 years, 3 months ago) |
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Quote:
Enlil said: Fuck that. Imagine the amount of books that could buy.
:yourdoingitwrong:
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Set
candy colored clown
Registered: 10/03/08
Posts: 6,383
Loc: right near da beach
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: fapjack]
#19289220 - 12/17/13 03:47 PM (10 years, 3 months ago) |
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Quote:
fapjack said: I'd buy the shroomery just to fire Prisoner#1, then sell it back for $1. I'd probably die within a few months pennyless, living in a hotel room.
A motel room. Otherwise you're doing it wrong.
-------------------- classic LOVELINE
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289407 - 12/17/13 04:29 PM (10 years, 3 months ago) |
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Quote:
Enlil said: Fuck that. Imagine the amount of books that could buy.
--------------------
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg]
#19289434 - 12/17/13 04:35 PM (10 years, 3 months ago) |
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Quote:
schwarg said: You all realize that your odds of winning are at their lowest point they've been all month right? I don't understand playing the lottery only when it hits record high jackpots.
The odds are best when the jackpot is higher. It's a sucker bet unless the jackpot is at least 800 or so million in any case, and even then, it's not a great bet because if you split the pot, you're at a disadvantage again.
Still, it's a better bet to play for a higher jackpot than a lower one.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289520 - 12/17/13 04:59 PM (10 years, 3 months ago) |
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I'd say you're still a multimillionaire regardless if a handful of people are splitting 50 million or 500 million. Only difference is like 5 times the amount of people playing.
--------------------
Edited by schwarg (12/17/13 05:01 PM)
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Magicman69
All About the Benjamins
Registered: 05/29/13
Posts: 6,876
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg]
#19289577 - 12/17/13 05:12 PM (10 years, 3 months ago) |
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I bought a few tix. If I win, I will give 100 shroomerites a hundred grand at random! And hold a badass gathering all inclusive and paid for.
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg]
#19289581 - 12/17/13 05:13 PM (10 years, 3 months ago) |
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That's not the point. It's a sucker bet if it pays less that the odds of winning. The only time it doesn't is when the jackpot is astronomically high.
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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Konyap
Registered: 06/30/07
Posts: 33,945
Loc: Planet Piss
Last seen: 4 years, 4 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289650 - 12/17/13 05:25 PM (10 years, 3 months ago) |
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That's why it pays to study and fail probability
there are a lot of gambling games that are pretty much a scam
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memes
Blessed
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289695 - 12/17/13 05:35 PM (10 years, 3 months ago) |
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Quote:
Enlil said: That's not the point. It's a sucker bet if it pays less that the odds of winning. The only time it doesn't is when the jackpot is astronomically high.
isnt the megamillions odds 1:176,000,000?
I could look it up, but taht numbers always been in my head as the odds, so i'm giogn to trust myself.
I used to play when it hit 250M. now-a-days its only 400+.
bought ten tickets tongiht
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dontknow
It's all in the reflex
Registered: 07/05/13
Posts: 3,889
Last seen: 7 years, 5 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes] 2
#19289723 - 12/17/13 05:42 PM (10 years, 3 months ago) |
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Would have had a better return buying 10 burritos at the gas station
-------------------- The discerning heart seeks knowledge, but the mouth of a fool feeds on folly. -Proverbs 15:14 “Imagination is everything. It is the preview of Life’s coming attractions.” Albert Einstein
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289742 - 12/17/13 05:45 PM (10 years, 3 months ago) |
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I think it's safe to say that ALL lotteries are pretty much sucker bets.
It's a money sink for most people that play on a regular basis. Some people know an uncle or cousin that won maybe a couple hundred or maybe a thousand dollars one time, but for most people that play there's next to no return
--------------------
Edited by schwarg (12/17/13 05:51 PM)
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JonnyBtreed
Registered: 08/09/10
Posts: 2,096
Loc: Northeast
Last seen: 1 year, 1 month
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: schwarg]
#19289747 - 12/17/13 05:46 PM (10 years, 3 months ago) |
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yeah, but somebody wins. And that somebody can't be you if you don't play. Its only a dollar.
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ThatKidWithTheFace
R.I.P. ZIG R.I.P. Sloth
Registered: 09/30/12
Posts: 11,904
Loc: All Good in Allgood
Last seen: 7 years, 3 days
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: JonnyBtreed]
#19289802 - 12/17/13 05:55 PM (10 years, 3 months ago) |
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I only buy lottery tickets when I'm out of state, and then it's purely for novelty.
-------------------- Check Out My Beats SoundCloud [quote]Sheekle said: [quote]ThatKidWithTheFace said: Is this the same aunt that fucks dogs?[/quote] u bet ur ass it is.[/quote]
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: ThatKidWithTheFace]
#19289852 - 12/17/13 06:03 PM (10 years, 3 months ago) |
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Those used to be the odds, but they recently changed it to 259 million to one. Also remember, the prize money has to be reduced to the cash value after taxes in order to calculate actual prize money...And the top federal rate is now 39.5%
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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HappyHooligan
Tree hugger
Registered: 11/06/13
Posts: 483
Loc: America
Last seen: 6 years, 11 months
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19289871 - 12/17/13 06:07 PM (10 years, 3 months ago) |
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My Mother is legit addicted to playing lotto... She spends a good 20 dollars a DAY on tickets... That's 140$ down the drain every fucking week!!
-------------------- Do you trust the government? You may be suffering from Stockholm Syndrome.
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: HappyHooligan]
#19289899 - 12/17/13 06:12 PM (10 years, 3 months ago) |
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Yeah that's a straight up gambling addiction...
Should get her some help if you can...
--------------------
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memes
Blessed
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: dontknow]
#19289967 - 12/17/13 06:29 PM (10 years, 3 months ago) |
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Quote:
dontknow said: Would have had a better return buying 10 burritos at the gas station
When i went to the gas station today, i ended up buying $5 worth of handwarmers and a $5 coffee gift card for teh homeless dude out front.
i treated him, now i'm treating myself.
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Dork
( . )( . )
Registered: 02/20/11
Posts: 4,339
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19290015 - 12/17/13 06:38 PM (10 years, 3 months ago) |
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i predict the winning numbers are 2-14-22-36-52--7
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schwarg
Registered: 07/15/12
Posts: 2,817
Loc: San Diego
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290026 - 12/17/13 06:40 PM (10 years, 3 months ago) |
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let me pick your winning numbers shroomerites
1-2-3-4-5 6
it's the combination on my luggage
--------------------
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trampis
mad hatter
Registered: 01/01/06
Posts: 3,545
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290079 - 12/17/13 06:50 PM (10 years, 3 months ago) |
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Quote:
Enlil said:
Quote:
schwarg said: You all realize that your odds of winning are at their lowest point they've been all month right? I don't understand playing the lottery only when it hits record high jackpots.
The odds are best when the jackpot is higher. It's a sucker bet unless the jackpot is at least 800 or so million in any case, and even then, it's not a great bet because if you split the pot, you're at a disadvantage again.
Still, it's a better bet to play for a higher jackpot than a lower one.
The odds are exactly the same whether the jackpot is $50 or $500 million.
I bought one ticket for the hell of it.
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Enlil
OTD God-King
Registered: 08/16/03
Posts: 66,956
Loc: Uncanny Valley
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: trampis]
#19290105 - 12/17/13 06:57 PM (10 years, 3 months ago) |
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The probability is the same, but the odds improve as it pays more because you're getting closer to an even bet.
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Bassfreak
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290107 - 12/17/13 06:58 PM (10 years, 3 months ago) |
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what else do i need to know about odds of winning the jackpot?
edit - 5000th post btw
-------------------- Tom Brady is a God Free Tom Brady
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memes
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290150 - 12/17/13 07:10 PM (10 years, 3 months ago) |
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edit
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skatealex2
////////////////
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19290155 - 12/17/13 07:12 PM (10 years, 3 months ago) |
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I'm tempted to go out and buy tickets but I feel like they're likely to not win. 600 million would be pretty cool though.
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schwarg
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19290161 - 12/17/13 07:13 PM (10 years, 3 months ago) |
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number of combinations doesn't increase, but the number of jackpot winners you would potentially have to split with does
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19290163 - 12/17/13 07:13 PM (10 years, 3 months ago) |
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Hence they improve...in poker, we call these "pot odds". You're using the word odds to mean probability, but there are other meanings to the word.
Nice ninja edit, bro.
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memes
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290165 - 12/17/13 07:14 PM (10 years, 3 months ago) |
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yeah thats why i edited
didnt want to get into a definitional argument with a lawyer
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19290174 - 12/17/13 07:16 PM (10 years, 3 months ago) |
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Good call. Btw, when I was 26, I developed a card counting system in blackjack...I understand odds very well.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290180 - 12/17/13 07:17 PM (10 years, 3 months ago) |
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what was it?
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memes
Blessed
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil] 3
#19290182 - 12/17/13 07:18 PM (10 years, 3 months ago) |
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yeah its always easier just not talking to you guys
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290193 - 12/17/13 07:19 PM (10 years, 3 months ago) |
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It was an unbalanced running count system that I used to make over $100k in 1995.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290269 - 12/17/13 07:38 PM (10 years, 3 months ago) |
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i have a mega millions system. wait until the jackpot is above 176(or whatever the new odds are) million, and then buy every combination possible.
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290279 - 12/17/13 07:39 PM (10 years, 3 months ago) |
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You'd lose a lot of money because you get only about a third of the jackpot after taxes.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290302 - 12/17/13 07:44 PM (10 years, 3 months ago) |
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but you'd also win the other prizes like 4 and 5 combos multiple times
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290313 - 12/17/13 07:47 PM (10 years, 3 months ago) |
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That's true, but it probably won't be enough to offset the taxes. In addition, you take a huge loss if someone else wins and you have to split the jackpot.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290331 - 12/17/13 07:51 PM (10 years, 3 months ago) |
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im going to bust out the calculator
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290369 - 12/17/13 08:00 PM (10 years, 3 months ago) |
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Do so. Keep in mind that even though the jackpot is currently at $636 million, it's only $341 million cash option. After federal taxes alone, that'd be $205 million. You'd also have to subtract whatever state income tax you'd have to pay.
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4runner
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290398 - 12/17/13 08:07 PM (10 years, 3 months ago) |
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Quote:
consumesomeshrooms said: i have a mega millions system. wait until the jackpot is above 176(or whatever the new odds are) million, and then buy every combination possible.
That used to work, not so much these days. I think it actually happened once, and the people involved couldn't even get ever combination in time. I believe it was even less numbers. They did it though. A group of millionaires won the lotto.
http://www.forbes.com/sites/joshbarro/2012/03/30/can-you-ever-guarantee-a-mega-millions-win/
In any case, I spent my 2 bucks today.
Wonder if I won? When is the drawing?
In any case, I don't mind spending 10 bucks a year for a crazy dream/fantasy.
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badchad
Mad Scientist
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290402 - 12/17/13 08:07 PM (10 years, 3 months ago) |
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Quote:
Enlil said: Do so. Keep in mind that even though the jackpot is currently at $636 million, it's only $341 million cash option. After federal taxes alone, that'd be $205 million. You'd also have to subtract whatever state income tax you'd have to pay.
Odds are 1:259 million. So looks like you'd be in the hole already. Not to mention there will probably be multiple winners.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290407 - 12/17/13 08:08 PM (10 years, 3 months ago) |
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is there an option to get the full amount like over a longer period of time or something? if not then my system would definitely not be profitable, unless the person considers the value of winning in itself to be greater than the amount of money lost
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290419 - 12/17/13 08:13 PM (10 years, 3 months ago) |
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You can get the full money over a longer period, but that doesn't help you because of the time value of money and the inevitable inflation over the next 20 years, you're bound to end up with less money in the long run. And you'd still be taxed at the top rate.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19290451 - 12/17/13 08:21 PM (10 years, 3 months ago) |
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indeed. -ev. Plan B is to rig the lottery balls.
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r00tuuu123
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290560 - 12/17/13 08:53 PM (10 years, 3 months ago) |
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Quote:
consumesomeshrooms said: indeed. -ev. Plan B is to rig the lottery balls.
That's been done a local mafia guy conspired with the announcer to inject white paint into the balls they did not want to win they finally got caught when they rigged it for 666 to come up. no telling how long they had been doing it.
-------------------- Please report me to a Mod for hurting your punk ass hippie feelings And all time Champion thread killer.
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Dork
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Dork]
#19290628 - 12/17/13 09:11 PM (10 years, 3 months ago) |
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Quote:
consumesomeshrooms said: i predict the winning numbers are 2-14-22-36-52--7
i would have won 8 bucks
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Sell Your Soul
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: mpd]
#19290633 - 12/17/13 09:12 PM (10 years, 3 months ago) |
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Quote:
mpd said: http://www.foxnews.com/us/2013/12/17/mega-millions-jackpot-grows-to-586-million/?intcmp=latestnews
The cash option is $341 million. If the lump sum was invested in Treasury Bonds the payout (interest coupon) would create a permanent income of no less than $10 million a year. That's hefty.
I won't play until the total reaches a cool billion dollars! WHO'S WITH ME?
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Dork
( . )( . )
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Sell Your Soul]
#19290653 - 12/17/13 09:19 PM (10 years, 3 months ago) |
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i'm wondering if anyone won tonight
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4runner
Registered: 07/16/10
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Sell Your Soul]
#19290654 - 12/17/13 09:19 PM (10 years, 3 months ago) |
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Not me...
Dammit, looks like I am going o work tomorrow.
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fapjack
Title
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: 4runner]
#19290663 - 12/17/13 09:20 PM (10 years, 3 months ago) |
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I lost also. I'm going to go back to the deli I bought it and try to get my money back.
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memes
Blessed
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: fapjack]
#19290692 - 12/17/13 09:30 PM (10 years, 3 months ago) |
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i hope nobody won so i can get my hopes up again on friday
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SuperFly
Still in the Space Race
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Sell Your Soul]
#19290703 - 12/17/13 09:34 PM (10 years, 3 months ago) |
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I'm down! If nobody won the prize will defiantly be in the billion range next time.
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MadSeasonAbove
Reef Donkey
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: SuperFly]
#19291959 - 12/18/13 06:01 AM (10 years, 3 months ago) |
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according to my states lottery site, it wasn't won.
2 people got 5 of 5, but no mega ball. For 1 million
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MadSeasonAbove
Reef Donkey
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Loc: Florida
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: MadSeasonAbove]
#19291966 - 12/18/13 06:05 AM (10 years, 3 months ago) |
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Envix
Avoidant Disorder
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: MadSeasonAbove]
#19291969 - 12/18/13 06:08 AM (10 years, 3 months ago) |
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you guys are uncomfortably uncreative with your rich money ideas. i would use it to bribe less-wealthier rich people to do house chores for me
-------------------- smack a hoe out this dimension continue my ascension -bhad bhabie rip. todcasil, acid sloth, st1llnox, zappaisgod, big worm (sketch), tim b
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Set
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: MadSeasonAbove]
#19291978 - 12/18/13 06:16 AM (10 years, 3 months ago) |
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-------------------- classic LOVELINE
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Enjoywho
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: fapjack]
#19291980 - 12/18/13 06:18 AM (10 years, 3 months ago) |
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Quote:
fapjack said: I lost also. I'm going to go back to the deli I bought it and try to get my money back.
What's funny from the first winner the owner of the store was dancing his face off. Just for sellin a winnin ticket he got a cool million dollars.
-------------------- "I don't give nothin' to nobody, I just pay the cost to do business." - Riley "Young Reezy"-Boondocks "The road to hell is paved with good intentions." "In the days of kings and queens I was a jester." "And then the great lord created bears... too many bears... shoulda really dialed back on the bears." Squidbillies "Can you start speaking words instead of your damn filthy lies!"- Louise "Bobs Burgers"
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memes
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Set]
#19291982 - 12/18/13 06:19 AM (10 years, 3 months ago) |
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Quote:
Set said: Fucking Atlanta? God damn it!
im gone by me a buss wit raaaamssssssssssssssss spinninnnnnnn
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Set
candy colored clown
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: memes]
#19291991 - 12/18/13 06:25 AM (10 years, 3 months ago) |
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I hate Atlanta, but I love this
-------------------- classic LOVELINE
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vinsue
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Set]
#19292011 - 12/18/13 06:38 AM (10 years, 3 months ago) |
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My ole lady hit last night.
She got $3 on a $5 bet.
Not to shabby... . . .
-------------------- "All mushrooms are edible; but some only once." Croatian proverb. BTW ... Have You Rated Ythans Mom Yet ?? ... ... HERE'S HOW ... (be nice) . ...
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Enlil
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: vinsue]
#19292019 - 12/18/13 06:44 AM (10 years, 3 months ago) |
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Quote:
vinsue said: She got $3 on a $5 bet.
Not to shabby... . . .
Low expectations FTW.
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Bassfreak
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Enlil]
#19292072 - 12/18/13 07:11 AM (10 years, 3 months ago) |
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i lost
fuck
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Confucian
...
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Re: MegaMillions Jackpot Now $636,000,000 - Get Your Tickets! [Re: Bassfreak]
#19295132 - 12/18/13 08:46 PM (10 years, 3 months ago) |
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Odds are what, 1 time in 260 million? Good luck with that.
43 states. The odds of a winner being from your state are 1 in 43. Even if your state has the winner - you still won't have the ticket.
Even if someone from your town with the same first name as you has it - guess what? Odds are still heavily against you.
Even if the winner was narrowed down to either you, the person at the house across the street, and your two next-door neighbors, still only a .25 chance!
http://www.justwebware.com/megamillions/megamillions.html
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