Powerball jackpot at $400 million - Oops! $1.5 billion - $40 mil

[Bird222]

I trust and want Vivi to do it like back in the day. I just wish we could find a way to pay him. It is possible to maybe create a bank account just for this? Can paypal send money to someone's bank account?

 

[ViviTheMage]

I trust and want Vivi to do it like back in the day. I just wish we could find a way to pay him. It is possible to maybe create a bank account just for this? Can paypal send money to someone's bank account?

Paypal does that, but paypal doesn't accept funds for this reason. The last time I tried to just have people say 'congrats on the baby' or some other donation thing, but paypal found the thread we used, and linked it up, banned my accounts, haha :|

 

[nakedfrog]

Paypal does that, but paypal doesn't accept funds for this reason. The last time I tried to just have people say 'congrats on the baby' or some other donation thing, but paypal found the thread we used, and linked it up, banned my accounts, haha :|

Holy crap! :lol:

 

[Bird222]

Paypal does that, but paypal doesn't accept funds for this reason. The last time I tried to just have people say 'congrats on the baby' or some other donation thing, but paypal found the thread we used, and linked it up, banned my accounts, haha :|

But Paypal can't ban a bank account that it doesn't have control over. So can you send a payment to a bank account number (assuming you had the routing number and account number) with paypal? I guess they could ban all of everyone else's Paypal accounts. But I wouldn't think the activity on an individual account would look suspicious.

 

[ViviTheMage]

But Paypal can't ban a bank account that it doesn't have control over. So can you send a payment to a bank account number (assuming you had the routing number and account number) with paypal? I guess they could ban all of everyone else's Paypal accounts. But I wouldn't think the activity on an individual account would look suspicious.

Good question, I know I couldn't use my CC's that were attached to that paypal account, so I imagine my bank account info is locked out as well. I had the account for about 7ish years before they ended up 'banning me'. I had used it for lots of sales, but I am guessing the influx of small donations were the problem, then linking it to the post. I tried opening another account under my name, different cc's and bank info, but banned in a few days because of prior ban. I even used a different ip, email, etc. I am guessing my name is insta ban over there now, haha.

I remember when it was first banned, they locked up like 2k of the lotto funds for 5 months until they released it to me.

I tried calling, but it wasn't worth the effort, I just use my wifes now or amazon/google/mo for fs/t stuff.

TLR need to use something other then paypal for lotto group buys...maybe bitcoin?

 

[Slew Foot]

id be in for a group buy if we could get it going

 

[BAMAVOO]

Why not have anyone that wants in go buy their own tickets. Then a picture of each ticket can be uploaded. I would think a $10 or $20 limit for all would be fair. Everyone would hve to agree on how much to spend, so the winnings would remain equal to all. Don't want someone saying they spent $50 so they should get more of the winnings.

 

[disappoint]

So this got me wondering now if you spend say $100 on 1 lottery drawing or you spend $1 on 100 separate lottery drawings (assuming $1 per ticket which is different than Powerball, I know) but which has the higher chance of winning or are they both the same? It costs the same amount but is the probability different?

I could write a computer program to do this experimentally and through lots of iterations see which one is more likely to win...hmmm I might do this if no one has the answer.

So to use powerball as an example let's say for example you spend $2000 on 1000 tickets for this one drawing, or you spend $2 for 1000 different drawings over the course of playing for several years. You'd spend the same amount. Would the probability of winning be any different?

 

[Bird222]

Good question, I know I couldn't use my CC's that were attached to that paypal account, so I imagine my bank account info is locked out as well. I had the account for about 7ish years before they ended up 'banning me'. I had used it for lots of sales, but I am guessing the influx of small donations were the problem, then linking it to the post. I tried opening another account under my name, different cc's and bank info, but banned in a few days because of prior ban. I even used a different ip, email, etc. I am guessing my name is insta ban over there now, haha.

I remember when it was first banned, they locked up like 2k of the lotto funds for 5 months until they released it to me.

I tried calling, but it wasn't worth the effort, I just use my wifes now or amazon/google/mo for fs/t stuff.

TLR need to use something other then paypal for lotto group buys...maybe bitcoin?

Maybe I am not being clear. I'm talking about a bank account that is created and never has any ties to Paypal. Then us with Paypal would use the routing and account numbers to deposit money in this account. I don't know if you can send money this way with Paypal. It may just be with email addresses and phone numbers.

 

[Bird222]

So this got me wondering now if you spend say $100 on 1 lottery drawing or you spend $1 on 100 separate lottery drawings (assuming $1 per ticket which is different than Powerball, I know) but which has the higher chance of winning or are they both the same? It costs the same amount but is the probability different?

I could write a computer program to do this experimentally and through lots of iterations see which one is more likely to win...hmmm I might do this if no one has the answer.

So to use powerball as an example let's say for example you spend $2000 on 1000 tickets for this one drawing, or you spend $2 for 1000 different drawings over the course of playing for several years. You'd spend the same amount. Would the probability of winning be any different?

Good question. You should write that program and find out.

 

[blackangst1]

Up to $450 mil now

 

[Schfifty Five]

So this got me wondering now if you spend say $100 on 1 lottery drawing or you spend $1 on 100 separate lottery drawings (assuming $1 per ticket which is different than Powerball, I know) but which has the higher chance of winning or are they both the same? It costs the same amount but is the probability different?

I could write a computer program to do this experimentally and through lots of iterations see which one is more likely to win...hmmm I might do this if no one has the answer.

So to use powerball as an example let's say for example you spend $2000 on 1000 tickets for this one drawing, or you spend $2 for 1000 different drawings over the course of playing for several years. You'd spend the same amount. Would the probability of winning be any different?

The probability of winning on any single ticket is the same this drawing, the last drawing, all drawings.

For simplicity's sake, let's say the odds of hitting the jackpot is 1:200M (I don't know the exact probability off the top of my head). If you buy 1 ticket, you have a 1:200M chance. If you buy 2,000 completely different combinations of tickets, you now have 2000:200M, or 1:100K.

So technically, if you bought 2,000 completely different combination tickets for 1 drawing, your chances of winning the big jackpot are significantly better than if you play 1 ticket over 2,000 drawings.

Edit: Now that I think about it some more, if you add up 1/200,000,000 * 2,000 (drawings), it comes out to 1:100K as well. So my new answer is that it is the same whether you play 2,000 completely different combination tickets on 1 drawing, or play 1 ticket on 2,000 separate drawings. Both come out to 1:100K.

 

[ViviTheMage]

Maybe I am not being clear. I'm talking about a bank account that is created and never has any ties to Paypal. Then us with Paypal would use the routing and account numbers to deposit money in this account. I don't know if you can send money this way with Paypal. It may just be with email addresses and phone numbers.

At that point, I should just open a bank account, and tell everyone routing/account # and they just deposit that way, haha. Problem is, I would think anyone could withdraw with that info as well?

 

[disappoint]

The probability of winning on any single ticket is the same this drawing, the last drawing, all drawings.

For simplicity's sake, let's say the odds of hitting the jackpot is 1:200M (I don't know the exact probability off the top of my head). If you buy 1 ticket, you have a 1:200M chance. If you buy 2,000 completely different combinations of tickets, you now have 2000:200M, or 1:100K.

So technically, if you bought 2,000 completely different combination tickets for 1 drawing, your chances of winning the big jackpot are significantly better than if you play 1 ticket over 2,000 drawings.

For PowerBall I think it was mentioned it's 1 in 292 million.

But why would it be better odds if you spent it all for one drawing as opposed to spent the same amount over many different drawings?

I think you're right though I just don't know how to prove that it is so because I'm not a stats expert. The only way I could think to prove it is to do the experiment I mentioned above.

Also after doing a quick search I found out you can increase your odds of winning if you pick numbers whos sum add up to a certain amount. For example if the lottery drawing is 5 numbers picking from 1 to 55, then you want the numbers you pick to add up between 104 to 176. Not sure why that is either but the site said over 70% of winning lottery drawings add up like that. Weird.

If I'm going to pay a voluntary tax, I want to be smart about it and really increase my chances of winning. If that's even possible to any significant amount.

 

[Svnla]

So Vivi, are we going to do it (group buy) again via PM? If we are, I am ready to send you a few Amazon gift cards, just like last time.

And Megamillions is "only" up to $145M, chump changes. (tongue in cheek)

 

[zinfamous]

At that point, I should just open a bank account, and tell everyone routing/account # and they just deposit that way, haha. Problem is, I would think anyone could withdraw with that info as well?

At least with BoA, you can link accounts under different users and transfer from account to account, but you can't withdraw from the other.

Basically, assuming everyone has the same bank (not likely), you could open a deposit account and request everyone link to that one.

But I doubt that would work, as there must be some sort of limit to how many accounts can be linked?

 

[zinfamous]

Paypal does that, but paypal doesn't accept funds for this reason. The last time I tried to just have people say 'congrats on the baby' or some other donation thing, but paypal found the thread we used, and linked it up, banned my accounts, haha :|

holy shit, I did not know that. er,

 

[ViviTheMage]

holy shit, I did not know that. er,

Yeah, they sent me the URL, and said it was against EULA so banned for life.

 

[Schfifty Five]

For PowerBall I think it was mentioned it's 1 in 292 million.

But why would it be better odds if you spent it all for one drawing as opposed to spent the same amount over many different drawings?

I think you're right though I just don't know how to prove that it is so because I'm not a stats expert. The only way I could think to prove it is to do the experiment I mentioned above.

Also after doing a quick search I found out you can increase your odds of winning if you pick numbers whos sum add up to a certain amount. For example if the lottery drawing is 5 numbers picking from 1 to 55, then you want the numbers you pick to add up between 104 to 176. Not sure why that is either but the site said over 70% of winning lottery drawings add up like that. Weird.

If I'm going to pay a voluntary tax, I want to be smart about it and really increase my chances of winning. If that's even possible to any significant amount.

I edited my post to say that it is no different playing all tickets at one drawing, or 1 ticket each spread over several drawings.

But the key for the tickets all in one drawing, no ticket can be the same combination.

 

[disappoint]

I edited my post to say that it is no different playing all tickets at one drawing, or 1 ticket each spread over several drawings.

But the key for the tickets all in one drawing, no ticket can be the same combination.

Are you sure because intuitively you'd think that spread out over many drawings you are essentially trying to hit a moving target. That is to say the winning numbers change every time.

But if you play them all at one drawing, you get multiple guesses at one set of winning numbers. Assuming you are picking different number combinations for all of the tickets of course.

 

[disappoint]

Ok let's put it this way:

Suppose I say I'm going to roll a 6 sided die. Numbered 1-6.

I give you 6 tries to guess what will be rolled.

If you take all 6 guesses for 1 roll, you are guaranteed to win, you can just guess all the numbers 1 through 6 and one of them will be right. Of course it's stupid to guess the same number multiple times because then you can't cover all of the possibilities, so let's not even mention that anymore because that is obvious.

But if I roll the die 6 times and you get 1 guess per roll...

You see you are not guaranteed a win anymore right? Because each roll you only get 1 guess. Even though you have 6 guesses total, same number of guesses as before. You only have a 1/6 chance of winning each roll, you do get 6 tries and 6 rolls but it's not certain you will win 1, unlike before right?

And that is because scenario 1 it's 6 of your guesses vs. 1 of my rolls.
Scenario 2 is 6 of your guesses vs. 6 of my rolls. Seems to me scenario 1 has a better probability (100%!) of winning. I don't see 100% chance for scenario 2, where you have spread your guesses out among 6 rolls.

 

[Slew Foot]

im guessing that playing over multiple lottos has a higher payout (assuming equal jackpots) because in the odd chance that you hit multiple prizes of the same level in one drawing, you dont necessarily get double the payment.

 

[highland145]

I'm guessing that if I won the $450....crickets from h145.

 

[master_shake_]

Jesus god all mighty.

That's like 8 Chelsea Clinton's!!

 

[Jimzz]

So Vivi, are we going to do it (group buy) again via PM? If we are, I am ready to send you a few Amazon gift cards, just like last time.

And Megamillions is "only" up to $145M, chump changes. (tongue in cheek)

Not sure why any one plays PowerBall vs MegaMillions. Not that either one has decent odds but MM is better.

PB has worse chances and cost double, $2 vs $1, to play.