Board index › Topical Discussion › Computers, Math, Science, and Technology

Powerball and Math

Page 1 of 1 [ 7 posts ] 

Previous topic | Next topic

goatfish57
Veteran
Veteran

User avatar

Joined: 12 Nov 2015
Gender: Male
Posts: 617
Location: In a village in La Mancha whose name I cannot recall

11 Jan 2016, 5:39 am

The odds of winning the new Powerball lottery are 292 million to one. The payout is over 1 billion dollars. That would make it appear to have a positive expectation. Should I buy a few tickets?


_________________
Rdos: ND 133/200, NT 75/200

Not Diagnosed and Not Sure


guitarman2010
Veteran
Veteran

User avatar

Joined: 12 May 2012
Gender: Male
Posts: 578
Location: Erie, PA

11 Jan 2016, 5:28 pm

Sure, why not? Lol


_________________
When u hit the walls of sanity, u have no-where to go....


BAP_Buddy
Snowy Owl
Snowy Owl

Joined: 20 Dec 2015
Age: 37
Posts: 163
Location: Pennsylvania, USA

13 Jan 2016, 7:49 pm

For my own entertainment, I got a ticket with the numbers 1,2,3,4 and 5 and the powerball is 1. Same odds as any other combination, right? :)



Fnord
Veteran
Veteran

User avatar

Joined: 6 May 2008
Age: 67
Gender: Male
Posts: 59,890
Location: Stendec

13 Jan 2016, 8:25 pm

Odds are something like 99.99999% against any one person winning; but somone must eventually win.

I bought my ticket with winnings from another ticket, so it's not as if I'm throwing hard-earned money away.


_________________
 
No love for Hamas, Hezbollah, Iranian Leadership, Islamic Jihad, other Islamic terrorist groups, OR their supporters and sympathizers.


goatfish57
Veteran
Veteran

User avatar

Joined: 12 Nov 2015
Gender: Male
Posts: 617
Location: In a village in La Mancha whose name I cannot recall

14 Jan 2016, 5:43 am

The winning Powerball numbers were drawn Wednesday night: 8, 27, 34, 4, 19 and the Powerball of 10.

The three winning tickets were sold in: California, Tennessee and Florida. With a cash value in the very desirable neighborhood of 350 million dollar. Sound like a positive expectation to me, worthy of a few tickets.


_________________
Rdos: ND 133/200, NT 75/200

Not Diagnosed and Not Sure


KyleTheGhost
Veteran
Veteran

User avatar

Joined: 29 Jul 2008
Age: 37
Gender: Female
Posts: 70,217
Location: Luna, Imagination Isle

14 Jan 2016, 5:46 am

May the winners spend their money wisely. Some of these big winners overestimate how much they really have.


_________________
I am Ashley. My pronouns are female.


goatfish57
Veteran
Veteran

User avatar

Joined: 12 Nov 2015
Gender: Male
Posts: 617
Location: In a village in La Mancha whose name I cannot recall

14 Jan 2016, 6:11 am

Close to 60% of lottery winners declare bankruptcy within 15 years. That must be one wild ride.


_________________
Rdos: ND 133/200, NT 75/200

Not Diagnosed and Not Sure


cron