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Lottery Tickets

Started by AstroMart, 04/07/2018 10:51PM

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Posted 09/25/2006 03:00AM Opening Post
~ AstroMart LLC~
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AstroMart's avatar

Join Date: May 2001

Location: Colville WA, US

Posts: 562

Lottery Tickets
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Posted 09/25/2006 04:00PM #1
Evan Reed
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Join Date: Aug 2013

Location: Colorado Springs CO, US

Posts: 75

I was once told that lottery tickets are a tax for the non-mathematically inclined. Despite this, I still buy one every once in a while - but only if the jackpot is over 100 million.

ER
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Posted 09/26/2006 01:04PM #2
Rex Cox
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Join Date: Mar 2004

Location: Midwest City OK, US

Posts: 348

I wouldn't call it a tax if no one is twisting my arm to buy them. I know my chance of winning is practically nil, but it's still fun to play, so long as I'm not using the mortgage money to buy them.

Rex Cox
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Oklahoma State University--The University of Oklahoma!--GO POKES!! GO STATE!!
Posted 09/27/2006 08:11PM #3
Michael Perata
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Join Date: Dec 2005

Location: San Jose CA, US

Posts: 9

I play once the odds of winning are equal to the amount of money I would win: approximately $50 million (pre-tax and without factoring in the PV of the winnings)

The odds of winning any particular lottery are less than the odds of getting called to pick up an AP1200 - so i play the lottery. wink
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Even as wisdom often comes from the mouths of babes, so does it often come from the mouths of old people. The golden rule is to test everything in the light of reason and experience, no matter from where it comes. M. Ghandi.
Posted 09/30/2006 12:55PM #4
Larry Huff
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Join Date: Nov 2003

Location: Dodge City KS, US

Posts: 22

I buy just the scratch ticket's with my Change, which is maybe once amonth....
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