There is no, statistically, better investment than one of these.
>>1364951
What about Pets.com?
>>1364951
>There is no, statistically, better investment than one of these.
Ethereum and Trumpcoin comes to mind.
Things poor people say thread?
Probably more a question for /sci/ but if you took a large pile of cash (say, a billion $1s) and threw a Molotov cocktail on top, by the the time the fire ran its course would you be left with more or less money than if you used it all to buy powerball tickets?
>>1365012
I believe it would depend on how the cash was arranged.
>>1365005
>I'm going to get rich daytrading with Robinhood
Might as well buy one once in a while.
Here in Canada your at least competing with 30 million other people, rather than 300 million in the States. So you're bound to win eventually.
>>1365012
Less, you'd expect to have at least a few k if you bought powerball tickets.
>>1365005
>you're bound to win eventually.
>>1365036
>1/30m chance
>Bound to win
Maybe if they do a lottery every second or something
>>1365049
>it's only a few dollars each week
>>1365081
>you have to buy a lot of tickets if you really want to win
>>1365036
>So you're bound to win eventually.
That's not how it works.
But the most bang you'll get for $3 is a powerball ticket.
>>1365117
>the most bang you'll get for $3 is a powerball ticket
you must not live in Detroit
>>1364951
i see you don't know what "statistically" means, because statistically, a lottery ticket is one of the worst investments you can make.
>>1365140
It's sarcasmmmmmmmmm
>>1365160
That isnt how sarcasm is spelled.
Generally, these are a waste of money. But in some rare cases, you can turn the odds in your favor. Popular and successful lotteries (like Mega Millions) modify the rules to make it harder to win, while unsuccessful ones modify the rules to make it easier (attracting more buyers). That's what happened with the Massachusetts and Michigan Cash WinFall games, and people made millions off of gaming the system (most famously a pool of MIT students).
So, yes, the games are "random," but it's a controlled randomness that has the potential be exploited by the buyer.
>>1365220
But to manipulate the games in a way that gives you an edge, you have to already have a decent amount of capital to begin with.
>>1365140
Actually, you're wrong. Statistically, a lottery ticket is proven to be the best investment one can make.
>>1365226
That's true, and that's also why basically everyone who gamed the WinFall lotteries were groups of people and not just individuals.
And I'm not claiming it's the best way to make money. Just pointing out that there are exceptions to the assumptions we make.
>>1365226
>you have to already have a decent amount of capital to begin with
I hear this is true for everything except the stock market.
>>1365231
i hope you're only pretending to be retarded
>>1365258
fair point
the fuck is this gay bullshit captcha
>>1365110
>It helps pay for education
>>1365265
Classic, call me the retard when you run out of comebacks. Good job, kid.
Even Warren Buffett debunked this myth. He essentially said that it is scientifically proven that a lottery ticket is, statistically, the best investment.
>>1365284
you're going to have to cite that because math says it isn't brainlet.
>>1365258
That's doubly true for the stock market though
If the broker charges you a flat fee to buy and a flat fee to sell, plus paying the taxman, you have to have either enough gain or enough capital to make small gains worth it
>>1365285
It's 2016. We live in a world where technology is at its peak, especially with Apple, the greatest piece of technology ever created.
And yet you are unable to do one simple Google search? A shame this generation, I tell ya.
>>1365284
http://www.businessinsider.com/powerball-lottery-expected-value-2016-1
>>1365265
>fair point
Right?
Most of the successful traders and investors started right here, using free software.
>>1365290
we live in a world where people are able to not be braindead apes, and yet here you are.
>>1365292
Business insider? You're going to have to do better than that pal.
I have Warren Buffet, you have a wannabe business site? Who's the winner here?
>>1365302
you sure you have warren buffett?
>>1365288
That's not what the people at Robinhood told me
>>1365304
Fucking idiot. Next time learn to Google. I embarrassed you in front of everyone.
>>1365316
Classic. The "go back to /b/" meme when you are proven wrong.
Back to le Reddit you go.
>>1365012
depends if you blew your fat stack on the powerball tickets in one specific powerball, or on a small number of tickets in every powerball.
Theoretically speaking, there's nothing stopping you from spending all your money on powerball tickets in a single powerball, being careful to select all number combinations, thus guaranteeing you at least a share of the prize. Since there's somewhere in the neighborhood of 250 million possible combinations, if you were to do this for a jackpot larger than $250M, you'd be pretty much guaranteed to at least win something.
>>1365012
Well, must be lots of coins, so that the bottle will break, and i think the coins will remain, if gasoline or similar is used.
I mean, its painful to watch, when your cocktails just slowly runs out of the unbroken bottle, or even worse - you just taped the thing that lights it, and it is even slower...
>>1365348
lol you could try this but so much of the jackpot goes to tax, and they're not gonna let you buy 250 million tickets.
>>1365348
Tickets are $2, your reward is heavily taxed (30-40%), and you'd have to read through hundreds millions of tickets.
>>1365366
Why wouldn't they? They are guaranteed to make profit off of selling 250 million tickets if the powerball is 250 million and each ticket is more than a dollar? It's just free money
>>1366183
It's funny how well the lottery compounds on itself
The more poor people that buy into it, the higher it goes, and the higher it goes, the more poor people will buy into it
You pay sales tax on the ticket and your winnings are taxed
Only government could run a scam like this and not cause a revolt
>>1366220
Lottos and casinos just boggle my mind
People pay you for the privilege of losing their money
I really don't know how you can lose money owning one. Literally the safest possible investment since you guarantee yourself an advantage
>>1366248
There's a gas station right up the road that I go to for coffee a few times a week ($0.50 per cup) and there will always be people in line at 7 am buying lottery tickets before they go to work.
Most probably think that if they win, they won't have to go to work
>>1364951
you meant to say, risk/reward option.
And I assume you mean only at a certain high level of return and not 3 plays each time.
3 plays each time, 2x week is throwing away money.
1 play is all you need.
