Originally posted by: DrPizza
Originally posted by: KarmaPolice
I don't get why people start buying tickets when the amount gets to some insane number. If you want buy lottery tickets you should buy them at any point. When its down to 50million how is "well its just not enough for me to take the chance" make any sense. 4million would change your life just as much as 300million would. Doesn't make any sense to me.
Ive bought tickets but ive never gotten any money on any of the ones i've picked. How many of you pick the numbers and how many of you do it at random from the machine. It would be intersting to see the % of people who pick and win and the% of people who do random, and then the % of people who win at random.
Allow me to explain. Suppose the lotto payout was 3 dollars. Would you waste a dollar then? Also, 2 million (after taxes on your 4 million) wouldn't change my life nearly as much as 300 million. To understand the difference, compare the annuities that are paid out, vs the lump sum payment. The 2 million jackpot is the equivalent of getting 100k per year. That may be life changing for some, but not that huge of a change for many people. 300 million, on the other hand, is 7.5 million per year after taxes. THAT would definitely change most people's lives.
Originally posted by: d3n
I think the advantage is with people who let the machine pick the numbers.
Actually, the odds of 1,2,3,4,5,6 coming up are EXACTLY the same as any other six digit combination. Anyone who says "yeah, but picking 1,2,3,4,5,6 is really stupid" yet still plays lotto is, in fact, according to their own definition, stupid.