Originally posted by Sour Masher
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Power Ball and Mega Millions
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Originally posted by Judge Jude View Postwell, if you don't play, then those who do are paying YOU (an infinitesimal amount of) tax!
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well, if you don't play, then those who do are paying YOU (an infinitesimal amount of) tax!
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Originally posted by Judge Jude View Post"The lottery is a tax on 99.99% of people who are bad at math" doesn't have quite the same ring to it....
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"The lottery is a tax on 99.99% of people who are bad at math" doesn't have quite the same ring to it....
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Originally posted by Judge Jude View Post"The lottery is a tax on people who are bad at math."
true
100% chance of not winning to those who do not play. I fall into that category much more often than not.
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My office pool actually hit 50K once. We all got about 900 after taxes. The look on people’s faces who did not participate in the pool was priceless.
But yeah, I only buy a ticket when it gets to these mammoth ones. It’s just less money I’ll flush away on terrible prop bets on DraftKings.
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"The lottery is a tax on people who are bad at math."
true
but I once interviewed a Princeton mathematics professor. neither he nor his peers I spoke with at other esteemed universities had ever bought a lottery ticket (surprise!).
but he had sort of a mathematical angle to a sociological answer - his point being that when a lottery jackpot gets this large, it inevitably becomes a topic of discussion at the lunch table at work (long before COVID disclaimer).
he said that by purchasing the ticket, you earned a right into a potentially spirited discussion. one colleague would buy a massive yacht and invite 100 friends to sail around the world each year, another would buy their own island, another would ease a major charitable need, or buy a grand home for their son or daughter and their new family, and so on.
that discussion would be quite enjoyable for everyone, pass the time at lunch, and provide for a fun conversation with a spouse at dinnertime that night. then the couple could trade their own fantasies about what to do with all that money.
as far as he was concerned, the price of the lottery ticket for all that? it seemed like a bargain to him.
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Originally posted by Sour Masher View PostThis is why Vegas does so well, and why Roulette profits skyrocketed once they added the board of past hits. It makes not impact on what comes next, but I'd see a board where red came up 10 times in a row and I'd bet on black. Stupid brain.
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Originally posted by madducks View PostI'm waiting for the jackpot to reach a billion dollars before i play.
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I'm waiting for the jackpot to reach a billion dollars before i play.
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