BTRIPP (btripp) wrote,
BTRIPP
btripp

... and I'm a Lotto chump too!

(sigh) ... I went and threw $10.00 at http://powerballonline.com again ... I was checking to see what the lump-sum on the Big Game was, and noticed that Power Ball was up to $115,000,000.00 ... even after taking a lump sum, and giving a chunk to charity, that would still be pretty damn close to forty million bucks after taxes! ... I could live on that!

I typically play $1 on the Big Game every draw, as the smallest it gets is $10 million, which (again) on a lump-sum payout, minus charity and taxes, is still upwards of three million, which is certainly enough money for comfortable living, even under current market conditions! ... this means that my "gambling money" runs at a base line of $104.00/year, a figure that I feel is certainly a forgivable sin, given the potential upside. Of course, as one writer put it (and I wish I could remember her name to get the exact quote), "the lottery is the only game where playing does not significantly improve your odds of winning" ... however, if one looks at "probability envelopes" (no matter how slim), not buying a ticket collapses the envelope down to zero and having a ticket at least puts one in the field of possibilities!

I just wish I could get something set up so that every time the Power Ball prize gets big, it would buy me ONE quick-pick ticket ... I feel so "wasteful" buying FIVE tickets (and paying double for the service!), since once that probability envelope has been established, the addition of extra sets of numbers really does not improve one's odds "significantly". Oh, well, it's certainly better than getting "twitchy" from thinking about "gee ... I should try to get to Wisconsin or Indiana to buy a ticket!", so I guess the extra five bucks to play on-line is worth it.


Visit the BTRIPP home page!



Subscribe
  • Post a new comment

    Error

    default userpic

    Your reply will be screened

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 2 comments