Cale 36 Report post Posted October 6, 2008 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.! Quote Share this post Link to post Share on other sites
Nobimmer 694 Report post Posted October 6, 2008 Indeed. Been in since it was on 8mil! Quote Share this post Link to post Share on other sites
Jeddy 0 Report post Posted October 6, 2008 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! Quote Share this post Link to post Share on other sites
e30plz 1 Report post Posted October 6, 2008 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.. Quote Share this post Link to post Share on other sites
Guest SamSpargo Report post Posted October 6, 2008 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! Quote Share this post Link to post Share on other sites
my_e36 43 Report post Posted October 6, 2008 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. Quote Share this post Link to post Share on other sites
Jeddy 0 Report post Posted October 6, 2008 (edited) Not quite. As each draw is independent, it would take forever if ever to win one.Was a response to the original postOr Just spend $42222180 to guarantee yourself a slice Edited October 6, 2008 by jeddy Quote Share this post Link to post Share on other sites
Cale 36 Report post Posted October 6, 2008 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. Quote Share this post Link to post Share on other sites
Jeddy 0 Report post Posted October 6, 2008 (edited) 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 October 6, 2008 by jeddy Quote Share this post Link to post Share on other sites
Avenged.SSE 0 Report post Posted October 6, 2008 No tax on it as far as I know - 24 mil will be all yours (provided you win) Quote Share this post Link to post Share on other sites
Cale 36 Report post Posted October 6, 2008 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 Doesn't each line come with its own powerball number? Quote Share this post Link to post Share on other sites
Jeddy 0 Report post Posted October 6, 2008 You are probably right, its too late to think 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. Quote Share this post Link to post Share on other sites
SIR E30 68 Report post Posted October 6, 2008 No tax on it as far as I know - 24 mil will be all yours (provided you win) no tax on the win, but isnt there tax on the interest you make?? Quote Share this post Link to post Share on other sites
tire 10 Report post Posted October 6, 2008 Stop doing maths you nerds, No I'm not buying a ticket lotto is ghey! Quote Share this post Link to post Share on other sites
Cale 36 Report post Posted October 6, 2008 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. Quote Share this post Link to post Share on other sites
Guest SamSpargo Report post Posted October 6, 2008 hide it in trust finds like all the other rich people. Quote Share this post Link to post Share on other sites
bravo 34 Report post Posted October 6, 2008 I'll hide it for you. Quote Share this post Link to post Share on other sites
QuickSilver 0 Report post Posted October 6, 2008 I dont know why your all going on about my money, I;m clearly going to win Quote Share this post Link to post Share on other sites
Braeden320 0 Report post Posted October 6, 2008 Gotta be into win! I have been getting tickets latley. Last weekend a lady in front of me brought one worth $232!!! Quote Share this post Link to post Share on other sites
M325is 0 Report post Posted October 6, 2008 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??? Quote Share this post Link to post Share on other sites
Braeden320 0 Report post Posted October 6, 2008 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 Quote Share this post Link to post Share on other sites
bmw.maniac 1 Report post Posted October 6, 2008 (edited) 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 October 6, 2008 by Eddy Quote Share this post Link to post Share on other sites
OLLIE 26 Report post Posted October 7, 2008 i've never bought a lotto ticket ever. maybe i should .... maybe not! Quote Share this post Link to post Share on other sites
jjs 60 Report post Posted October 7, 2008 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. Quote Share this post Link to post Share on other sites
Yuen 16 Report post Posted October 7, 2008 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 Quote Share this post Link to post Share on other sites
