Jump to content
Sign in to follow this  
Cale

Lotto this W/end

Who's buying lotto/powerball this weekend?  

56 members have voted

You do not have permission to vote in this poll, or see the poll results. Please sign in or register to vote in this poll.

Recommended Posts

So I was wondering how many Bimmersporters are going to play Lotto this weekend, seems a good time to ask as it is a record $24,000,000 jackpot!

I have worked out the odds of winning:

49!/6!(40!-6!) * 10 = 38,383,800

So if odds are 1 in 38,383,800 and you buy one ticket a week, theoretically you will have to wait 738150 years to win!

Although I will be buying one as I would happily recieve 24 big ones in my bank account, no matter how much tax would be deducted. Imagine 1.5mil interest P.A.!

Share this post


Link to post
Share on other sites

I have worked out the odds of winning:

49!/6!(40!-6!) * 10 = 38,383,800

So if odds are 1 in 38,383,800 and you buy one ticket a week, theoretically you will have to wait 738150 years to win!

There are 10lines(on average) per ticket so only 73815 years!

Share this post


Link to post
Share on other sites

Waste of money..

Brought one last weekend thinking I was going to be getting all the E30 M3's I will ever want but noooo..

Share this post


Link to post
Share on other sites
Guest SamSpargo

Mclaren F1

4.5 million dollar house

box at Eden park

a mountain of hookers and blow

f**k yea i'm buying a ticket!

Share this post


Link to post
Share on other sites

There are 10lines(on average) per ticket so only 73815 years!

Not quite. As each draw is independent, it would take forever if ever to win one.

Share this post


Link to post
Share on other sites

Not quite. As each draw is independent, it would take forever if ever to win one.

Was a response to the original post

Or Just spend $42222180 to guarantee yourself a slice

Edited by jeddy

Share this post


Link to post
Share on other sites

Was a response to the original post

Or Just spend $42222180 to guarantee yourself a slice

You have to get 6 numbers right out of 40, then independently get 1 of the 10 numbers drawn for powerball.

So if odds of that are 1 in 38,383,800 then you play that many times per week, then only theoretically you will win.

738150 years because 38,383,800/52 weeks equals 738150.

Share this post


Link to post
Share on other sites

You have to get 6 numbers right out of 40, then independently get 1 of the 10 numbers drawn for powerball.

So if odds of that are 1 in 38,383,800 then you play that many times per week, then only theoretically you will win.

738150 years because 38,383,800/52 weeks equals 738150.

You cant buy 1 line/chance/odd. Usually you buy 10.So then devide by ten(lines) Edited by jeddy

Share this post


Link to post
Share on other sites

No tax on it as far as I know - 24 mil will be all yours (provided you win) :P

Share this post


Link to post
Share on other sites

You cant buy 1 line/chance/odd. Usually you buy 10.So then devide by ten(lines)

You are probably right, its too late to think :P

Doesn't each line come with its own powerball number?

Share this post


Link to post
Share on other sites

You are probably right, its too late to think :P

Doesn't each line come with its own powerball number?

Your correct that there is 38,383,800 different combinations but when you buy a dip you get 10lines/chances/odds(usually) so just devide it by 10.

Share this post


Link to post
Share on other sites

No tax on it as far as I know - 24 mil will be all yours (provided you win) :P

no tax on the win, but isnt there tax on the interest you make??

Share this post


Link to post
Share on other sites

Stop doing maths you nerds,

No I'm not buying a ticket lotto is ghey!

Share this post


Link to post
Share on other sites

Your correct that there is 38,383,800 different combinations but when you buy a dip you get 10lines/chances/odds(usually) so just devide it by 10.

Oh yup, cheers Jeddy.

NZ Herald still gives $38.4mil mind, though they are sensationalists.

Yeah, just seen no tax on winnings, though you still pay tax for anything else you decide to do afterwards. Could always hide it in the attic.

Share this post


Link to post
Share on other sites

I'll hide it for you.

Share this post


Link to post
Share on other sites

Gotta be into win! I have been getting tickets latley.

Last weekend a lady in front of me brought one worth $232!!!

Share this post


Link to post
Share on other sites

Somebody has to win the money, it can't keep going up can it? Does it have a cap on it? I think at least 6 people will win the big one, which then would be divided, but even if I won 1Mil i'd be happy. I'm going to buy my first ticket in years for this draw. How much are they now days? $5???

Share this post


Link to post
Share on other sites

Has to go when it gets to 30 million, Tickets vary in price alot depending on how many lines you get. I got an $11 one

Share this post


Link to post
Share on other sites

Somebody has to win the money, it can't keep going up can it? Does it have a cap on it? I think at least 6 people will win the big one, which then would be divided, but even if I won 1Mil i'd be happy. I'm going to buy my first ticket in years for this draw. How much are they now days? $5???

$6 for a Lucky Dip, but you don't get Power Ball. $11 for the cheapest Powerball one.

Edited by Eddy

Share this post


Link to post
Share on other sites

i've never bought a lotto ticket ever.

maybe i should ....

maybe not!

Share this post


Link to post
Share on other sites

Indeed. Been in since it was on 8mil!

Gotta be into win! I have been getting tickets latley.

I'm going to buy my first ticket in years for this draw.

It never ceases to amaze me that people who don't buy lotto tickets rush out and buy them when the jackpot is huge. You would spend $11 for a chance of winning $24m, but wouldn't spend the same amount for a chance of winning $2m? Last week Lotto sales were 30% higher than average, diminishing your chances being the lone jackpot winner even more. The smart people must only buy them in "normal" weeks.

Share this post


Link to post
Share on other sites

Not like it makes a difference Jeremy - lotteries are already irrational in the first place. Good luck people, hopefully we'll see some new M cars on the board ;)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...