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

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zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
And two good numbers per Chinese numerology. Excellent work Vivi

no I'm not Chinese and I don't understand the whole idea I just know 4 is bad 8 is good and numbers can make weird combination/accelerator or decelerator combos.

OMG lucky lotto pool 88# for fortune happy successes! much luck!


nice.
 

SnipeMasterJ13

Golden Member
Oct 20, 2004
1,005
0
71
First off, thanks to Vivi for letting me sneak in at the last second! It was a scramble but I got it figured out!

And two good numbers per Chinese numerology. Excellent work Vivi

no I'm not Chinese and I don't understand the whole idea I just know 4 is bad 8 is good and numbers can make weird combination/accelerator or decelerator combos.

My brother just married a girl from China. To elaborate on the numbers, apparently the Chinese pronunciation of 4 sounds similar to "die". I learned about this last weekend because he bought a house and she didn't find out about the address until later (they met online and he bought it before she got here/knew all the details).

Long story short, their house number is 4414, which is worse than 4444, because 1 sounds similar to "want". So basically 4414 = "die die want die". I found that pretty amusing.
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
El Gordo is a geat lottery.

I did not know that the numbers were pre-printed on each ticket.


...seems rife for fraud, no? I'm sure there is a decent system of checks, but that seems like the most exploitable feature in any type of lottery system.
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
First off, thanks to Vivi for letting me sneak in at the last second! It was a scramble but I got it figured out!



My brother just married a girl from China. To elaborate on the numbers, apparently the Chinese pronunciation of 4 sounds similar to "die". I learned about this last weekend because he bought a house and she didn't find out about the address until later (they met online and he bought it before she got here/knew all the details).

Long story short, their house number is 4414, which is worse than 4444, because 1 sounds similar to "want". So basically 4414 = "die die want die". I found that pretty amusing.



So ah, did the new bride turn around and go back home?
 

momeNt

Diamond Member
Jan 26, 2011
9,297
352
126
Wherever your lotto trust is based or created it should be in a state with no income tax - like Texas. I sure hope Vivi does not live in NY or CA or you guys will get about .99 cents each after taxes.

Think it's closer to tree fiddy.
 

sdifox

No Lifer
Sep 30, 2005
96,205
15,787
126
I did not know that the numbers were pre-printed on each ticket.


...seems rife for fraud, no? I'm sure there is a decent system of checks, but that seems like the most exploitable feature in any type of lottery system.

Why? What makes the number any less safe?
 

SnipeMasterJ13

Golden Member
Oct 20, 2004
1,005
0
71
Wherever your lotto trust is based or created it should be in a state with no income tax - like Texas. I sure hope Vivi does not live in NY or CA or you guys will get about .99 cents each after taxes.

He's in Minnesota. Our tax rate is 7.25% (I'm also in MN). While it's higher than a lot of states, at least it's not NY.
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
Why? What makes the number any less safe?

How are the tickets being printed and who is controlling the tickets between buyer and seller?

Say the lotto agent receives some allotment of tickets from the lotto headquarters. I'm not sure how the drawing is determined (of course I assume it only happens on the day of the draw and is similarly random to other lottos?), but if you were interested, and capable, of fixing that draw, you already have the power to choose where your determined winning tickets go.

If you control distribution of pre-determined numbers, then one expects that you control where those numbers go. Either directly determining winners in a region (Hey mom, uncle, dad, steve, sally: Go buy x # of tickets at this gas station on Tuesday!) or greatly influence the odds of winning to a certain district.

I'm not saying it would be easy, but to me it seems to go from a double-blind level of confidence to a single-blind level.
 

disappoint

Lifer
Dec 7, 2009
10,137
382
126
I wonder if this would be a lucrative insurance policy for small businesses: "Protect your business against the lotto pool!"

Certainly guaranteed to never have to pay out more than 0.00001% of policy holders, but imagine the stress on some business owners if this does indeed happen?

It would be cheaper for the boss to just join in the lotto pool. It would only cost him what? Around $10 every time there is a high jackpot like this. Much cheaper than any insurance.
 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
Wherever your lotto trust is based or created it should be in a state with no income tax - like Texas. I sure hope Vivi does not live in NY or CA or you guys will get about .99 cents each after taxes.

If it's an LLC, don't you just call it a business and dividend withdrawals--not income--and effectively avoid all taxes like your beloved 1% "small business saints" are already allowed to do?

 

zinfamous

No Lifer
Jul 12, 2006
110,810
29,564
146
It would be cheaper for the boss to just join in the lotto pool. It would only cost him what? Around $10 every time there is a high jackpot like this. Much cheaper than any insurance.

damn it! I guess my new insurance company won't be all that innovative after all.
 

Train

Lifer
Jun 22, 2000
13,863
68
91
www.bing.com
It would be cheaper for the boss to just join in the lotto pool. It would only cost him what? Around $10 every time there is a high jackpot like this. Much cheaper than any insurance.

That's exactly why my boss never skips a lotto pool.

"I don't want to be the only one to show up to work"
 

Phokus

Lifer
Nov 20, 1999
22,995
776
126
That's exactly why my boss never skips a lotto pool.

"I don't want to be the only one to show up to work"

Yeah normally I wouldn't play the powerball, it's irrational, but my coworkers starting a pool tapped into some irrational fears of me not only losing out on a share of the winnings but me being stuck with everyone's work lol.
 

ViviTheMage

Lifer
Dec 12, 2002
36,190
85
91
madgenius.com
If it's an LLC, don't you just call it a business and dividend withdrawals--not income--and effectively avoid all taxes like your beloved 1% "small business saints" are already allowed to do?


Yeah, this might be the best idea yet, will let our lawyer figure it out!

A little tease before I scan them all:

 

sdifox

No Lifer
Sep 30, 2005
96,205
15,787
126
How are the tickets being printed and who is controlling the tickets between buyer and seller?

Say the lotto agent receives some allotment of tickets from the lotto headquarters. I'm not sure how the drawing is determined (of course I assume it only happens on the day of the draw and is similarly random to other lottos?), but if you were interested, and capable, of fixing that draw, you already have the power to choose where your determined winning tickets go.

If you control distribution of pre-determined numbers, then one expects that you control where those numbers go. Either directly determining winners in a region (Hey mom, uncle, dad, steve, sally: Go buy x # of tickets at this gas station on Tuesday!) or greatly influence the odds of winning to a certain district.

I'm not saying it would be easy, but to me it seems to go from a double-blind level of confidence to a single-blind level.


Each ticket has the number and a series number. Each ticket is 200 euro but you can buy tenths. They are currently on 160 series, with 100k numbers (00000-99999) so if they sell out it's 3.2B. Payout is 70% or 2.24B. They draw two balls, first is the 5 digit number, the second is the prize. 100k balls in the first machine and the second one is 1807 balls for the prize amount.

Not easy to rig that or purchase the whole series of 160.
 
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thegimp03

Diamond Member
Jul 5, 2004
7,426
2
81
Wherever your lotto trust is based or created it should be in a state with no income tax - like Texas. I sure hope Vivi does not live in NY or CA or you guys will get about .99 cents each after taxes.

Typically I would agree on your joke about California taxes, but surprisingly, California doesn't tax lottery winnings.
 

Imp

Lifer
Feb 8, 2000
18,829
184
106
Quite a few are crossing the border to buy tix. There is even a bakery here giving away ticket if you spend twenty at the bakery

Effing genius. Cost is $2 + regular labor + materials. Reward is free advertising on local channels, by word of mouth, and a minimum of $20 in sales per person coming by.

Yeah, this might be the best idea yet, will let our lawyer figure it out!

A little tease before I scan them all:

Man, you American lottery tickets are boring looking. Plain-ish white paper? The ones here are orangey.
 

Chiropteran

Diamond Member
Nov 14, 2003
9,811
110
106
Wherever your lotto trust is based or created it should be in a state with no income tax - like Texas. I sure hope Vivi does not live in NY or CA or you guys will get about .99 cents each after taxes.

Isn't this like anything else... you still have to pay state taxes for your state even if you buy it out of state?

As a VA resident, I am supposed to pay a "use tax" equal to the state sales tax rate for anything I buy out of state and don't pay taxes on. Now a lot of people ignore this law, and AFAIK there isn't much enforcement, but when it's millions of dollars worth of lotto winnings I think the state tax auditor might take notice if you try to skip out payment...
 

sdifox

No Lifer
Sep 30, 2005
96,205
15,787
126
Effing genius. Cost is $2 + regular labor + materials. Reward is free advertising on local channels, by word of mouth, and a minimum of $20 in sales per person coming by.



Man, you American lottery tickets are boring looking. Plain-ish white paper? The ones here are orangey.

Lulz someone broke their window today. Apparently people line up at the bakery...
 
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