Showing posts with label gambling. Show all posts
Showing posts with label gambling. Show all posts
if you purchase us$530 million's worth of powerball tickets, each one a different number combination and all for the same day's drawing, you will likely win.
unfortunately, because the prize is unlikely to ever climb that high, it's equally likely that you will lose at least us$200 million by doing so.
unfortunately, because the prize is unlikely to ever climb that high, it's equally likely that you will lose at least us$200 million by doing so.
it is possible to guarantee a winning jackpot lottery ticket. here's how:
the current odds of winning the powerball jackpot are roughly 1 in 176 million. tickets cost us$2 each. therefore, to purchase every possible number combination, you must spend us$352 million. assuming that you will lose roughly half of the winning amount paying taxes, it is necessary for the jackpot to be about us$700 million before you will actually make any money.
the current odds of winning the megamillions jackpot are roughly 1 in 259 million (that's right - the population of the entire country). tickets cost us$1. therefore, to purchase every possible number combination, you must spend us$259 million. assuming that you will lose roughly half of the winning amount paying taxes, it is necessary for the jackpot to be about us$520 million before you will actually make any money.
and remember, they roughly double the odds against you at least once each year. so - unless you have a few hundred million sitting around doing nothing - playing either game is the equivalent of setting your money on fire.
the current odds of winning the powerball jackpot are roughly 1 in 176 million. tickets cost us$2 each. therefore, to purchase every possible number combination, you must spend us$352 million. assuming that you will lose roughly half of the winning amount paying taxes, it is necessary for the jackpot to be about us$700 million before you will actually make any money.
the current odds of winning the megamillions jackpot are roughly 1 in 259 million (that's right - the population of the entire country). tickets cost us$1. therefore, to purchase every possible number combination, you must spend us$259 million. assuming that you will lose roughly half of the winning amount paying taxes, it is necessary for the jackpot to be about us$520 million before you will actually make any money.
and remember, they roughly double the odds against you at least once each year. so - unless you have a few hundred million sitting around doing nothing - playing either game is the equivalent of setting your money on fire.
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