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11-27-2012, 12:31 PM | |
In Search of a Life
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Powerball jackpot.....500 million and growing!
Will you partake?
http://abcnews.go.com/Business/power...ry?id=17812739 The jackpot for Wednesday's Powerball drawing now stands at $500 million -- the richest Powerball pot ever -- and it's likely to get even sweeter. "Back in January, we moved Powerball from being a $1 game to $2," says Mary Neubauer, a spokeswoman for the Iowa lottery. "We thought at the time that this would mean bigger and faster-growing jackpots." It's proved true. The total, she says, "has been taking huge jumps -- another $100 million since Saturday." (The most recent drawing, on Saturday night, produced no winning numbers.) Until now, the biggest Powerball pot on record -- $365 million -- was won in 2006 by eight Lincoln, Neb., co-workers. In Photos: Biggest Lotto Jackpot Winners Lottery officials in Iowa, where Powerball is headquartered, have started getting phone calls from all around the world. "When it gets this big," says Neubauer, "we start getting inquiries from Canada and Europe from people wanting to know if they can buy a ticket. They ask if they can FedEx us the money." The answer she has to give them, she says, is: "Sorry, no. You have to buy a ticket in a member state from a licensed retail location." About 80 percent of players don't choose their own Powerball number, opting instead for a computer-generated one. Asked if there's anything players can do to improve their odds of winning, Neubauer says no -- apart from buying a ticket, of course. Lottery officials put the odds of winning Wednesday's Powerball pot at one in 175 million, meaning you are 25 times more likely to win an Academy Award. Skip Garibaldi, a professor of mathematics at Emory University in Atlanta, provides additional perspective: You are three times more likely to die from a falling coconut, he says; seven times more likely to die from fireworks, "and way more likely to die from flesh-eating bacteria" (115 fatalities a year) than you are to win the Powerball lottery. Segueing, then, from death to life, Garibaldi notes that even the best physicians, equipped with the most up-to-date equipment, can't predict the timing of a child's birth with much accuracy. "But let's suppose, however, that your doctor managed to predict the day, the hour, the minute and the second your baby would be born," Garibaldi says. The doctor's uncanny prediction would be "at least 100 times" more likely than your winning Wednesday. Even though he knows the odds all too well, Garibaldi says he'll usually play the lottery. "When it gets this big, I'll buy a couple of tickets. It's kind of exciting. You get this feeling of anticipation. You get to think about the fantasy." So will he be purchasing two tickets for Wednesday's Powerball? "I can't," he tells ABC News. "I'm in California" -- one of eight states that doesn't offer Powerball. |
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11-28-2012, 06:35 PM | #106 |
Shit
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11-28-2012, 06:41 PM | #107 |
GBM 8-12-15
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11-28-2012, 06:47 PM | #108 |
Bring It Home
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11-28-2012, 06:52 PM | #109 |
Has a particular set of skills
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Best description I've heard to correlate the log odds....... an okay one was hitting two holes in one on a par 3 course but my fav............lay nickels end to end from LA to NY. Mark on of those nickels. You get one chance to pick that marked nickel.
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11-28-2012, 06:53 PM | #110 |
Bring It Home
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I love when the planet gets in a math fight. People get more passionate about the math than they do the Chiefs.
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11-28-2012, 06:54 PM | #111 | |
Tip of the hat LIV Champs
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Quote:
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A Brave Man Once Requested Me To Answer Questions That Are Key 'Is It To Be Or Not To Be' And I Replied Oh Why Ask Me |
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11-28-2012, 06:54 PM | #112 | |
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Quote:
Current Jackpot = 550 million Lump Sum = 325 million Taxes = 90 million Take home free and clear = 215 million
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11-28-2012, 06:55 PM | #113 |
Most Valuable Villain
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I'd gladly take $215 million in one lump sum.
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11-28-2012, 06:56 PM | #114 |
Most Valuable Villain
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California doesn't participate in Powerball.
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11-28-2012, 06:56 PM | #115 |
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No chance. What if the government or state goes bankrupt and they just change the law. What if the $ loses its value?
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11-28-2012, 06:59 PM | #116 |
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Would you make Austin Chief an offer he couldn't refuse?
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11-28-2012, 07:04 PM | #117 |
It's Five O'Clock Somewhere
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I will be 365M now. I bet there will be at least two winners at this point with the volume of tickets sold.
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11-28-2012, 07:05 PM | #118 | |
Shit
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Quote:
Posted via Mobile Device |
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11-28-2012, 07:06 PM | #119 |
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Our group lead says a 75% of one ticket sold tonight. 55% of at least two of the same #'s sold.
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11-28-2012, 07:07 PM | #120 | |
NFL's #1 Ermines Fan
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Quote:
I'd probably make a spreadsheet or something.
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