Powerball $100m Next Week Are You Playing

Trying2SaveABuck on 28/07/2023 - 21:42
Last edited 28/07/2023 - 21:53

Just a quick poll on the OZbargain communities willingness to dream/waste money like i do on these tickets - now i know playing powerball and lotto in general is an 'silly tax' but i think the 20-30bucks i spend a ticket gives me 1 week to dream of what life would be like if all my financial problems where gone [which is like 95 percent of my problems]

Anyway the poll is simply will you play Powerball next week to try and win a piece of the 100m dollar prize….. apprently the last 100m prize pool had 1 in 2 Australian Adults purchase a ticket

bonus question if you want to say what you plan to do if you win the entire jackpot [becuz i always find it fun hearing other peoples dreams]

fun story - had a patient tell me her brother in law spent 6k on tickets in the last 100m draw….he won 42 dollars back…[just a reminder gamble responsibly]

for those who are playing i wish you luck

for the record - if i won the entire jackpot i'm buying this joint https://www.realestate.com.au/property-apartment-qld-surfers… and you're all welcome to come party with me, beers on me

Poll Options

  • 346
    You bet im playing - got to be in it to win it
  • 261
    No im not buying a ticket - lotto's an idiot tax
Entertainment

Comments

    • SpainKing on 31/07/2023 - 01:23

      This is conspiratorial. Of course most of the people who win are going to pay off their mortgage and take a holiday, that's pretty much the plan for every person that has a mortgage and can afford a holiday

      Many people who win the lottery say it's actually kind of crap and would prefer to be anonymous so that you don't get everyone coming out of the woodwork asking for money (or worse, targetted by criminals)

      Of course it's always a man or a woman, they're overwhelmingly the species that buy lottery tickets. They're also distributed semi-randomly so of course they'll be from a random place you're unlikely to have heard of (unless you've memorised every suburb in Australia, no small feat considering there are 15,353 of them)

      Can you sum up this Tattersall's heiress thing? It looked very boring to go through with Google

    • bomberswarm2 on 31/07/2023 - 11:58
      +1

      Yea about 60 years ago a man won the lottery and his name and photo were published, a few weeks later his son was kidnapped, held for ransom and murdered. So there might be a reason people don't want their name published.

      • Trying2SaveABuck on 01/08/2023 - 22:22

        Yea about 60 years ago a man won the lottery and his name and photo were published, a few weeks later his son was kidnapped, held for ransom and murdered. So there might be a reason people don't want their name published.

        ive read in some states in the US you have too have a photo of you in the paper and be identifiable - apparently one guy who one like close to a billion dollars had to go into some kind of witness protection to leave the country for a while lmao

    • ColonialBoy on 31/07/2023 - 20:17

      Australian lotteries are run by Tabcorp, listed on the Australia Stock Exchange. I worked there 20 years ago and the payouts are real. At the time the scratch lottery tickets were printed in the US by Scientific Games.

    • smartazz104 on 01/08/2023 - 07:32

      Lottery’s are the biggest scam - you never actually hear who “won” the major prize pool.

      They used to publish the winner's names here, until someone's son was kidnapped…

  • Mechz on 29/07/2023 - 00:51
    +4

    My parents will no doubt buy a ticket so I'll ride their winnings when they finally reclaim the $20 a week they've spent on lotto for the last 50 years or so. Gotta be in it to win it yeah?

    • Trying2SaveABuck on 29/07/2023 - 19:08
      +2

      My parents will no doubt buy a ticket so I'll ride their winnings when they finally reclaim the $20 a week they've spent on lotto for the last 50 years or so. Gotta be in it to win it yeah?

      do your parents 'really' play ever week…if so i think that is insane

      i mean ill play when the jack pot is over 50m which is probably a 10 or so times year

      • Mechz on 29/07/2023 - 22:07

        Pretty sure it's every week, but not always Powerball, it's Gold Lotto (maybe, haven't lived there in a while) in Qld where they live.

      • ssfps on 30/07/2023 - 02:02
        +3

        How is playing every week "insane" but playing every 5 weeks is reasonable?

        • Kangal on 30/07/2023 - 09:13

          The less you play, the greater the odds of winning.

  • hasher22 on 29/07/2023 - 02:01
    +2

    I find it interesting and sus that the powerball jackpot always goes off at like 80m+….. right?

    I rather see higher chances of winning but the winner gets 1m. I rather see 100 people winning 1m than 1 person winning 100m

    I had an idea of a raffle style lotto where there's ALWAYS a winner. When the raffle reaches 500k, the raffle will be drawn and there will be 1 winner each time. If a ticket is $5, there's 1 out of 100,000 to win. Of course more tickets need to be sold to cover marketing, overheads etc…. but i rather see these kinds of lotto rather than a chance to win by RNG.

    • Stopback on 29/07/2023 - 07:05
      +2

      The lottery could have a max payout of 15k and it would help more people

      But we are in a winner takes all society.

    • Ryanek on 29/07/2023 - 09:14
      +5

      I find it interesting and sus that the powerball jackpot always goes off at like 80m+

      That's because more people play when there's a higher jackpot.

      • Trying2SaveABuck on 29/07/2023 - 19:14
        +1

        That's because more people play when there's a higher jackpot.

        exactly the odds of winning powerball are around 134m and the cost per game is around 2.20 this is the same regardless of the 'jackpot size' thus most people will play when it hits a jackpot size they think it 'worth the risk'

        it is simple supply demand econmics

        the higher the jackpot the more people willing to spend 25 bucks or so for the chance to win

    • TightLikeThisx on 29/07/2023 - 20:53

      There’s professional gambling syndicates that buy tickets at volume for discount prices.

      At a certain point the maths make sense if a jackpot goes over a certain amount.

      Also the higher the jackpot the more likely the average punter is to buy a ticket.

      • nigel deborah on 30/07/2023 - 08:53

        True but Powerball has never reached that level. It'd have to be well above $200m and that's just for the odds to break even.

        • TightLikeThisx on 30/07/2023 - 22:07
          +1

          Yeah I was confused. I remember reading this article. It was Keno not Powerball:

          https://www.smh.com.au/national/meet-the-joker-the-australia…

        • Seraphin7 on 31/07/2023 - 11:40

          It would be interesting to have all the mathematics of this set out.

          There are just shy of 135 million possible combinations in Australian Powerball. At about $1.35 per game retail, it takes about $182m to buy every possible combination and guarantee winning Division 1.

          Of course, the challenge then becomes the extent to which Division 1 is split across multiple winners which would scupper the result.

          There would also be the fact that many minor prizes would be collected that would total several million dollars in their own right.

          • nigel deborah on 31/07/2023 - 13:13

            @Seraphin7: Don't think it matters if there are multiple winners as long as you own all the tickets. Buying them all (or a high enough percentage to almost guarantee the win) would be the hard part; I imagine they are well aware of this scenario and (should it ever go that high) would have measures in place to avoid a syndicate buying enough of them (not to mention I don't think there'd be anyone with the balls to try haha).

            • Seraphin7 on 31/07/2023 - 13:37
              +1

              @nigel deborah:

              Don't think it matters if there are multiple winners as long as you own all the tickets.

              You can buy all the combinations, but not all the tickets … the number of tickets is unlimited, but the number of combinations is. Any number of people can select the same combination and to the extent they do, they split the pot.

              I think this would be the reason big betting syndicates wouldn't go down this road. If the jackpot is big enough, the numbers could work out, but the unknown is how many others the big prize would need to be split with. If a $200m jackpot gets split even two ways, then the outlay of ~$182m (even if you applied a 10% rebate) would likley be a losing bet.

              The people operating the lottery … at least on purely commercial grounds … shouldn't care if one person/group holds all the combinations, although I can understand why they may wish to discourage this from a reputational perspective.

              • nigel deborah on 31/07/2023 - 13:51
                +1

                @Seraphin7: Oh, I didn't know multiple people could pick the same numbers. Then you're right, makes it ever harder to ever be worthwhile.

                They might care on commercial grounds - it is in their interest for the jackpot not to be won as having the massive jackpot significantly increases their ticket sales each round. Stretched over a number of rounds that may be worth more to them than selling every ticket for a single one (not sure..). But yeah, also the 'fairness' perspective, wouldn't be a good look for a mega syndicate to take it like that.

    • kaleidoscope on 31/07/2023 - 15:52

      Exactly… There should be a max cap of what single winner gets.

  • netjock on 29/07/2023 - 09:15
    +3

    had a patient tell me her brother in law spent 6k on tickets in the last 100m draw

    There is a genius right there

    • Protractor on 29/07/2023 - 10:13

      a charitable one, too.

  • coffeeinmyveins on 29/07/2023 - 09:38
    +3

    Anecdotal story from when I interviewed at a lotto company a while ago.

    They opened up operations in Australia and got something like 10m in revenue in the first two days.

    They had to pay out about $45k in winnings total

    The odds are hilariously low

    • Emphasise on 29/07/2023 - 11:34
      +13

      So you're saying we should open up a lotto company. Maybe we can spin it off from the Ozbargain brand and instead do Ozlotto… Wait a minute…

    • Randolph Duke on 31/07/2023 - 15:05

      Which company? Sounds like one of those that lets Aussies buy tickets for overseas lotteries.

  • brad1-8tsi on 29/07/2023 - 10:00
    +3

    The odds of winning Powerball's top prize are 1:134,320,568.

    • AlienC on 10/08/2023 - 11:59
      -1

      Any idea which lotto has the best odds of winning something over $100k?

      I don't need $10M+ but wouldn't mind trying for the smaller lottos if the odds are significantly better.

      I'm thinking like some lotto win between $40k to $250k.

      It's gotta be much more better odds right or is it pretty similar you reckon?

      • brad1-8tsi on 11/08/2023 - 14:43
        +1

        Google it mate

        • AlienC on 11/08/2023 - 19:45

          Cheers thanks I totally forgot I could do that

          Appreciate it. I owe ya one

  • Protractor on 29/07/2023 - 10:12

    We need a poll question on how many of the sagely lotto downvoters are using a gambling app. According to stats a fair whack of them.

    ergo, 'some gambling, = good gambling'.

    • SydStrand on 29/07/2023 - 20:14

      Neither. Gambling is gambling, but I'd concede that it's more logical to bet on competition (especially if there's more than 'random chance' of predicting an outcome) vs throwing money into a literal RNG machine with next to zero odds.

      • Protractor on 30/07/2023 - 10:14

        A valid view.
        But my point was that hypocrisy doesn't cut through as much as walking the talk.

        On other formats>
        Horse & greyhound racing are 'competitions' (for example) and both have a complimentary flesh filled rubbish bin and animal suffering, to deliver a payout.
        Whereas> many lotteries have a community benefit dividend.

        • Trying2SaveABuck on 30/07/2023 - 15:26
          +2

          Horse & greyhound racing are 'competitions' (for example) and both have a complimentary flesh filled rubbish bin and animal suffering, to deliver a payout.
          Whereas> many lotteries have a community benefit dividend.

          i personally i do not understand pokies, horse racing and most other forms of gambling ….

          sure you turn 50 dollars to 150 that is great but it makes NO real difference to your life.

          If win the lotto even if it is just 1 million dollars for most people that 'changes' your life. In the case of the current jack 100m would change your life and the lives if your children and every generation for the foreseeable future

          • SydStrand on 31/07/2023 - 02:28

            @Trying2SaveABuck: You're not thinking big enough. A true galaxy brain degenerate gambler would take the $100 winnings from Sportsbet and buy Powerball tickets.

            • Protractor on 31/07/2023 - 09:52

              @SydStrand: and then what?
              invest the winnings in air fryers and Eneloops?.

            • Trying2SaveABuck on 01/08/2023 - 22:25

              @SydStrand:

              You're not thinking big enough. A true galaxy brain degenerate gambler would take the $100 winnings from Sportsbet and buy Powerball tickets.

              it isnt that i hate sportsbetting i get it 'adds' a bit for excitement if you got 20 bucks on a team to win but i dont understand people do it to 'try get rich' esp pokies to me i think it is boring and pointless

              i know a lady who won 9k 'jackpot' at the pokies bar buying some cloths it made no difference to her life and id say she just threw most of it back in a few weeks later….

              i constantly here about how the odds are slim but the truth is if you win lotto chances are you're set for life or at very least way less financially stressed - it 'actually' makes a difference which despite knowing it is a bit of a scam it is 'worth' ago becuz if you do hit the jackpot esp on nights like the 100m well your life changes in almost every way for the better

              sure some ppl have bad luck with winning lotto of course - personally think it is a very small percentage that do as the majority you NEVER hear about again becuz they set themselves up for life

              personally the sheer enjoy i get from scrolling Real Estate .com, carsales.com etc for what i 'would buy' if i 'did' win is kind of worth it for me…

          • brad1-8tsi on 13/08/2023 - 07:21

            @Trying2SaveABuck: Mum's side of the family were both gamblers and SP bookies. My Uncle had a very lucrative SP business on the weekends.
            He was a sweet, good natured family man and I don't know how he lived with the pain and suffering he facilitated.

            When he died his estate included 9 houses in Sydney's inner ring that nobody knew about. All of them were part/full payment of gambling debts.

            When I was 15 we went fishing and I was asking about how the business worked. Part of the reply was "I really hate it when a punter ignores the warnings about paying their account and I have to have them hurt. I can't sleep for days afterwards."

            He also told me to only bet on a wet track. The implied reason was that most races the outcome is fairly well known.

            He had a few mates that made a living off gambling. No other job, just the punt.

            I don't gamble.

    • ssfps on 31/07/2023 - 01:28
      +1

      What stats? I would have bet most people that laugh at the lotto don't gamble. That's my experience, anyway.

      • Protractor on 31/07/2023 - 09:53

        Look at the dent mobile gambling apps have made in the last 5 years.Those stats. Do you never watch a screen?
        So big a problem even the LNP potato man is barking about new laws to stop the ads for a start

        • ssfps on 31/07/2023 - 16:10

          Is there some evidence that the people that fully moved away from lotto to mobile gaming is actually people that
          1) swear off lotto entirely, vs play less
          2) talk hypocritically about it?
          Never seen anything like that.

          • Protractor on 31/07/2023 - 16:58

            @ssfps: You are missing the point. I'll simplify.People who use gambling apps are hypocrites, if they are bagging playing lotto, if it's based on the 'gambling aspects' or the overall harm or costs to community . Given how popular gambling apps are ,chances are some of the critics here use a gambling app/apps.

            Caveat. Some individuals who play lotto DO have a gambling issue.A very,very small %
            AFAIK most state lotteries return community dividends??

            • ssfps on 31/07/2023 - 22:42

              @Protractor:

              You are missing the point

              I wasn't, i understood exactly the point you were making. My point is that we have no idea how small the overlap between groups is, and your mention of mobile gambling making a dent in lotto doesn't speak to the distribution of players, only individual plays. It's just as well possible that nobody has ever given up lotto for mobile gambling - but everybody that plays lotto only plays every second week now.

              And, my other point, is that your original point

              We need a poll question on how many of the sagely lotto down-voters are using a gambling app. According to stats a fair whack of them.

              is obviously defensive and implies there is some not-significant number of people that have "moved" entirely and now shit on lotto players, which I said I haven't found to be true. All the people I know that shit on lotto players (like myself) don't gamble.

              • Protractor on 31/07/2023 - 23:31

                @ssfps: I totally (obviously) disagree. But I'll leave it with your obvious need? to shit on lotto players, cos that's a whole other can of (your) worms.
                BTW, despite that^ I'm glad (for you) you are a gambling ,wagering ,betting virgin. A rare beast,indeed.
                Melbourne Cup fans and syndicates look away now.

                BTW 2, the point you make about ppl moving between lotto and gaming apps, and vice versa, escapes me I was never in that debate

                BTW 3 " According to stats a fair whack of them." was an observation that gambling apps are rife in Oz" ergo a slab of the lotto critics here are LIKELY to participate in it

                eg
                (some stats)
                https://www.savings.com.au/savings-accounts/gambling-statist…

                and
                https://aifs.gov.au/research/research-snapshots/sports-betti…

                • ssfps on 01/08/2023 - 00:00

                  @Protractor: Those stats are pretty interesting, so thanks for sharing them.

                  gambling ,wagering ,betting virgin

                  Indeed, i had no idea gambling was so common. It's not common in the social circles i'm in - i'd say maybe half the people I know have mentioned putting $5 on the Melbourne cup at some point in the last 10 years, and I've only worked with 1 bloke that would discuss sportsbet semi regularly.
                  Seems pretty tragic really, as much as I shit on lotto, it's far more harmless than these TAB addicts, and so as not to be a hypocrite i definetly shit on TAB/sportsbet/etc more.

                  ergo a slab of the lotto critics here are LIKELY to participate in it

                  This still doesn't follow from the stats you shared, it's a pretty big extrapolation without more data.
                  But then again… you're a betting man ;)

                  • Protractor on 01/08/2023 - 10:15

                    @ssfps: You bet!
                    I think it's not even a 'stretch' to consider that the very demograph using Ozbargain sits smack bang within the % of the same /gender/social group who use gambling apps. And I'm willing to bet (odds are) a % of them have 'shat' on the lotto player cohort during this thread.

                    I'll flick you a sheckle next time I drag in 1st division. ( From on high)

  • Ryanek on 29/07/2023 - 10:35

    I wonder how much the strata is on that GC apartment

  • capslock on 29/07/2023 - 11:08
    -3

    Do you pick your own numbers or do quickpick? I just bought a quickpick and the numbers chosen on one game were 7,8,9,10,15,16,17. Hardly random is it?

    • SBOB on 29/07/2023 - 11:34
      +12

      Hardly random is it

      How is it not random? Odds of those numbers are the same as getting 1,2,3,4,5,6,7

    • flyingtrapeze on 29/07/2023 - 16:44
      +5

      The last $100 million ticket numbers were 3, 4, 5, 6, 14, 22 and 23. The Powerball was 17

    • cashews on 29/07/2023 - 21:58
      +3

      That is a perfect example of random numbers.

  • pharkurnell on 29/07/2023 - 11:10
    +3

    yes… I have an $8 win from my last $50 investment, which was first win in months

  • JIMB0 on 29/07/2023 - 11:20
    +4

    At work I told people if I won I wouldn't tell anyone. I'd still come to work driving my 20 year old car.

    • DiscountForThee on 31/07/2023 - 07:40

      I'd still come to work driving my 20 year old car.

      To clean your desk and hand in your resignation letter, right?

      • JIMB0 on 31/07/2023 - 09:31
        +1

        The idea is they'd never know if you won. For all they know I might have already won it but kept it secret.

        • DiscountForThee on 31/07/2023 - 09:47

          Yeah, my parents are definitely sick for a few weeks when I win and I definitely need time off work to see them. In fact, maybe my parents need full time care and I quit…

  • Nillionaire on 29/07/2023 - 11:36

    Yes. The cheapest possible ticket. In it to win it. But no regrettable loss.

  • Clear on 29/07/2023 - 12:12
    +2

    Yeah I bought a System 18.

  • ihbh on 29/07/2023 - 13:00

    No im not buying a ticket - lotto's an idiot tax

    Sad, but, thank goodness they help with taxes because it's progressive and they probably don't pay much income/capital gains tax. Likewise cheap meals at clubs, but this is even sadder - happy to pay more if they banned pokies.

  • MeesusEff on 29/07/2023 - 15:33
    +4

    Used to work at a lotto kiosk, Powerball is the worst to play. I'll just buy the Sat, Mon and Wed ones when there's a big pot

    • hasher22 on 29/07/2023 - 21:06

      What about picking a powerhit?

      • MeesusEff on 29/07/2023 - 21:54

        Yeah but that's only 1 line with a Powerball guarantee so your chance is that one line, and also costs like $30 for it IIRC

      • Randolph Duke on 31/07/2023 - 15:07

        Powerhit is the same as picking 45 lines and alternating the powerball number
        i.e. it's a convenience tool for purchasing, it doesn't improve your odds over a normal ticket.

        • hasher22 on 31/07/2023 - 15:46

          I don't understand how a non-powerhit ticket is the same odds as a normal ticket?

          Division 1 is 1 in 134,490,400 of winning while division 2 is 1 in 7,078,442. If I purchase a power hit ticket, wouldn't my chances of winning would be 1 in 7,078,442? As my powerhit ticket guarantees me the power ball number?

          • Randolph Duke on 31/07/2023 - 16:58

            @hasher22: Playing 1 Powerhit game is the same as selecting the same 7 numbers and then changing the Powerball for every line (20 lines all up, not 45 like I said earlier)

            Can see it in the price - 1x Powerhit and 20x standard games are both $26.95

  • punk on 29/07/2023 - 15:42
    +1

    rather spend it on food.

  • Ghost47 on 29/07/2023 - 15:55
    +2

    Who's in for the OzBargain syndicate? Last time we won $60m.

  • Cluster on 29/07/2023 - 15:59
    +2

    Imagine winning $100M. What would you do with it, honestly? After your fifth Ferrari and second $5M home you might actually become bored with it.

    Give the money away? To whom? Family and friends? It's inevitable your identity will leak, and you'll be inundated with bleeding heart stories for money. As soon as you say no to someone you'll be branded the world's biggest ass and hated.

    Once people know who you are they'll know where you are, and that you have loads of money. You had better hire security, as you're now a target for kidnapping, extortion, and much worse. Seems far fetched? Its happened before:

    https://en.wikipedia.org/wiki/Abraham_Shakespeare

    • CalmLemons on 29/07/2023 - 17:44

      So that I'll be 1% closer to building the star ship enterprise….

    • Protractor on 29/07/2023 - 18:26

      I take it you watch a lot or Tarantino? LOL

      If 'I' won a $100M, by the time the circling vultures discovered my ID, it would all be doing it's thing,divvied up, or long gone.

    • Usemame on 29/07/2023 - 20:41

      Yep in a world where I win, I'd stay anonymous if possible

  • Vieira4 on 29/07/2023 - 16:01
    +3

    I’m playing. You’ve gotta be in it to lose it.

  • infinite on 29/07/2023 - 16:20

    Nope.

  • frugalftw on 29/07/2023 - 16:52

    Hey maths people, do you know if it scales? As in, the higher the prize, the more people are ‘investing’, but is it linear or is there some type of a sweet spot?

    • freshofftheplane on 30/07/2023 - 15:46

      Odds don't scale. But if more people play there's bigger chances of more people winning, therefore the prizes would be split between all winners. #nomathperson

      • frugalftw on 30/07/2023 - 15:59

        Thanks. I see now, because it’s the probability of hitting the specific combination and there are limited permutations. So more ticket sales do not matter as much because the odds are so small to start with.

  • AMLagonda on 29/07/2023 - 16:52
    +1

    Lose or lose my wife will still buy a ticket…..

  • rr64 on 29/07/2023 - 17:04

    Yeah I'll buy one and yeah I'll lose

  • xc on 29/07/2023 - 18:38

    Always loved the NSW Lotteries ad by the famous MOJO team:

    https://youtu.be/kMrxGT43JCI

    • Ghost47 on 30/07/2023 - 16:16

      These days the only people who walk into car dealerships with a suitcase full of money are drug dealers. Ah, how times have changed…

  • hawkshead on 29/07/2023 - 18:44

    Some people waste money on fancy peanut butter, some people waste it on lotto tickets. NGL the peanut butter probably soothes the soul more, but its your money spend it how you want.

    • Trying2SaveABuck on 29/07/2023 - 19:19

      Some people waste money on fancy peanut butter, some people waste it on lotto tickets. NGL the peanut butter probably soothes the soul more, but its your money spend it how you want.

      i gotta ask what is considered 'fancy' when it comes to peanut butter

      • soan papdi on 29/07/2023 - 23:04

        Pic’s when it’s not on sale

      • hawkshead on 30/07/2023 - 20:41

        feel like if the label has pictures or fancy fonts it costs $5 or more. and you're only paying for the label at that point. The basic $2 coles/woolworths brand is just fine. I tend to use peanut butter the same way somebody uses garlic, its something you put in food to change the taste. The expensive one might be better for like toast?

    • kaleidoscope on 31/07/2023 - 15:53

      I’d rather buy regular onions / free range eggs and a lotto ticket than spending all of that on organics 😂. ymmv ofcourse

  • tabz on 29/07/2023 - 19:22
    +9

    Here's a simulator if anyone is interested: https://lottosimulation.com/au/powerball

    Played a PowerHit with $100K, won $30K.. sign me up!

    • Hamish125 on 29/07/2023 - 20:26
      +1

      Haha this is great. Just simulated a PowerHit System 15 - cost $156,151.70

      Winnings: $41.51

    • hasher22 on 29/07/2023 - 21:12

      I played powerhit as well, got back 32k with 100k balance, I win!

      Got 5 numbers + powerball and got a measly $120

      • Protractor on 30/07/2023 - 10:46

        Save that bad luck for Thursday

  • Brianqpr on 29/07/2023 - 19:29
    +1

    Powerball = a tax on people that are bad at math.

  • Aerith-Waifu on 29/07/2023 - 20:04
    +1

    Win the top prize? I can't even get 1 Powerball with 2 winning numbers……

  • Willy Beamish on 29/07/2023 - 20:07
    -2

    You can't win if you don't enter. Even if the odds are basically 0 of winning, if you can afford a ticket then why not.

    • Cluster on 29/07/2023 - 22:03
      -1

      You're better off putting that money into an ETF, or even a savings account. Lotteries return about 30c per dollar spent.

      • Willy Beamish on 30/07/2023 - 16:02
        +1

        No you're not. The risk/return is worth dropping a few bucks on. Putting that same amount into a savings account won't mean shit even in the long run.

        • DASHCAM NOW DUDE on 30/07/2023 - 19:37
          +1

          Unless your name is Philip J. Fry.

        • SydStrand on 31/07/2023 - 02:33

          The risk/return is worth dropping a few bucks on.

          Mathematically, it really isn't. You're only attempting to rationalise this by comparing the relatively trivial loss vs winnings. But the odds of the latter are so statistically improbable it's a moot point, so you're basically pissing away small amounts of money that you're comfortable losing.

          • Willy Beamish on 31/07/2023 - 14:19

            @SydStrand: Almost like exactly what I said is if you can afford it then do it.

            IDK why some of you people comment tbh.

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