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Old 01-13-2016, 06:02 AM  
Hog's Gone Fishin Hog's Gone Fishin is offline
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I question about powerball
If the odds are 1 in 292,000,000 to win, does that mean there are 292,000,000 different number combinations ? If so, I'm thinking about getting a loan. Just a short term loan.

Thoughts ?
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Old 01-13-2016, 08:36 PM   #61
SAUTO SAUTO is offline
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Originally Posted by mikeyis4dcats. View Post
the downside to the annuity it most are not survivable, so if you die, the money stops
Not with the power ball. It goes on to your heirs. And it will even cash out the annuity, if you choose that, for them so they can pay the estate taxes due.
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Old 01-13-2016, 08:38 PM   #62
TambaBerry TambaBerry is offline
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Old 01-13-2016, 08:44 PM   #63
Discuss Thrower Discuss Thrower is online now
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My favorite is that you are far more likely to die in a car wreck on the way to the convenience store to buy a powerball ticket than you are to win.
That's why I walked to the store to exchange my $4 winning ticket from Saturday for another two plays.

Get ****ed fate.
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Old 01-13-2016, 08:47 PM   #64
displacedinMN displacedinMN is offline
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Originally Posted by Discuss Thrower View Post
That's why I walked to the store to exchange my $4 winning ticket from Saturday for another two plays.

Get ****ed fate.
This.

This is why I like this place.
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Old 01-13-2016, 08:52 PM   #65
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Originally Posted by displacedinMN View Post
This.

This is why I like this place.
Of course, with my luck, I'll win the jackpot tonight and die because I just mixed what is a bad batch of Soylent with a bad batch of Mother's Beer.
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Old 01-13-2016, 09:08 PM   #66
Buck Buck is offline
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I played a game a week for 500 years and lost $95K.



Try your luck.

http://powerball-simulator.com/
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Old 01-13-2016, 09:20 PM   #67
Discuss Thrower Discuss Thrower is online now
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Old 01-13-2016, 09:28 PM   #68
chinaski chinaski is offline
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Quote:
Originally Posted by Cochise View Post
That's true, I remember seeing a study about that when I was in school.

I think it was something like 90% of lottery prizes are dissipated within the first generation, and the majority of winners eventually declare bankruptcy. One major reason is that they start to dabble in things they know nothing about like real estate or investing.
It's not that difficult. As long as you hire reputable financial firms to handle your shit, you are good. I think more of it is people thinking they have an unlimited supply of money, which you don't.

Proper conservative investments and not going ape shit crazy thinking you can buy multiple Private Jets and stuff, you will be ok.

I could easily manage it, but I am a pretty simple guy that doesn't require much. Sure, I would buy a few 'toys', but nothing nuts.
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Old 01-13-2016, 09:30 PM   #69
Discuss Thrower Discuss Thrower is online now
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Obligatory:

Quote:
Congratulations! You just won millions of dollars in the lottery! That's great.
Now you're ****ed.
No really.
You are.
You're ****ed.

If you just want to skip the biographical tales of woe of some of the math-tax protagonists, skip on down to the next comment, to see what to do in the event you win the lottery.

You see, it's something of an open secret that winners of obnoxiously large jackpots tend to end up badly with alarming regularity. Not the $1 million dollar winners. But anyone in the nine-figure range is at high risk. Eight-figures? Pretty likely to be screwed. Seven-figures? Yep. Painful. Perhaps this is a consequence of the sample. The demographics of lottery players might be exactly the wrong people to win large sums of money.

Or perhaps money is the root of all evil. Either way, you are going to have to be careful. Don't believe me? Consider this:
Large jackpot winners face double digit multiples of probability versus the general population to be the victim of:
Homicide (something like 20x more likely)
Drug overdose
Bankruptcy (how's that for irony?)
Kidnapping
And triple digit multiples of probability versus the general population rate to be:
Convicted of drunk driving
The victim of Homicide (at the hands of a family member) 120x more likely in this case, ain't love grand?
A defendant in a civil lawsuit
A defendant in felony criminal proceedings
More here: https://www.reddit.com/r/AskReddit/c...hat_do/chba4bf
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Old 01-13-2016, 09:43 PM   #70
Rain Man Rain Man is offline
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Rainman can I hired you?
I will be your left hand man.

(You likely do some things with your right hand that I won't participate in.)
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Old 01-13-2016, 09:46 PM   #71
Deberg_1990 Deberg_1990 is offline
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Why do people bitch about paying taxes, but dont mind throwing down hundreds of bills on scratch offs and lotto?
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Originally Posted by Cassel's Reckoning:

Matt once made a very nice play in Seattle where he spun away from a pass rusher and hit Bowe off his back foot for a first down.

One of the best plays Matt has ever made.
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Old 01-13-2016, 09:50 PM   #72
Bearcat Bearcat is offline
Would an idiot do that?
 
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Originally Posted by Discuss Thrower View Post
Ironically, thinking those stats = "you're ****ed" shows you're just as bad at math as those who play the lottery.
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Old 01-13-2016, 09:58 PM   #73
ILChief ILChief is offline
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powerball.com is down lol
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Old 01-13-2016, 10:03 PM   #74
TLO TLO is offline
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Well, i didn't win.
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Old 01-13-2016, 10:05 PM   #75
Discuss Thrower Discuss Thrower is online now
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Ironically, thinking those stats = "you're ****ed" shows you're just as bad at math as those who play the lottery.
It was less about the stats and more the anecdotes of what pitfalls occur with lotto winners.
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