The mega millions jackpot is almost up to 500 million. What does /pol think about playing the lottery ? I don't see anything wrong in buying a couple of lottery tickets each week for one or dollars when the prize could change your life forever . Low risk high reward
Gamble all you want as long as you realize the odds and don't put yourself in a shitty financial situation because of it.
Just realize that you're better off just saving the money, though.
>>79855423
Well....... I think it's okay to buy a latto ticket. I don't personally play, accept when it hit 1billion not long ago. I bought two tickets one night.
>>79853797
Just in time to distract the American public from the blatant corruption that has infested every aspect of the American system.
>hurr we gon be rich niggas
>>79855329
Saving 2 dollars a week won't get you anywhere
Waste of time and money. If you must play spending more then $5 a week is stupid as fuck.
I am going to dish out a few bucks for a couple tickets.
Good luck anons
>>79853797
I ran an odds simulator to see how much money I would need to pay to win and the winning ticket came after 3 days and 250,000 was spent. Lottery is a tax on idiots who don't understand math.
>by a single ticket for $1 every Wednesday and Saturday
>get small pulses of hope every time I think about winning hundreds of millions of dollars
>I know the odds and know I won't win
>still get those small pulses because hope is not rational
A single dollar buys me a few hits of dopamine everyday for almost four days. Well worth it.
>>79853797
If you only spend a couple bucks on them a week, you're (on average) getting more entertainment on a per dollar basis than many other diversions. As such, they aren't as bad as they're made out to be.
Now if you're spending hundreds of dollars on them, and you're not a mathematician who figured out a flaw in their system, then you're wasting money. But that's nobody's business but your own.
http://archive.is/qluk6
>>79857102
Throwing a few dollars at the lottery twice a week is a hell of a lot less pathetic compared to people spending $5 a day at Starbucks. At least the lottery doesn't make you fat.
>>79855423
nobody cares lol loser
>>79858492
You are an idiot if you do either of those things.
>>79853797
>>79855329
They do say as the odds are so slim just to buy one
>>79856923
It's a start. Would be better to stop eating out and buying coffee every day
>>79857102
>>79858594
This was for the Powerball when it hit $1 billion, but close to the same thing
http://graphics.latimes.com/powerball-simulator/
>>79853797
I should post the ticket where I won 100 or so and all my other numbers were off by 1. It was the one around 2012 that was 6or800 million. I always spend 100 when it's above 500 million, but I heard they changed the rules a year or two ago so there's less winners but bigger jackpots.
>>79858594
Why? Explain how $4 a week on a lottery ticket makes you an idiot? Do you never spend anything in a frivolous fashion?
Do you see movies? Do you do anything besides sit in your mothers basement? Do you buy a car based on looks instead of reliability? Do you literally breathe?
>>79858856
>I heard they changed the rules a year or two ago so there's less winners but bigger jackpots.
I know Powerball went from 50 numbers to 65 or so
>>79858960
That must be it. I don't really follow it at all. I just buy tickets when it's over 500 million.
>/pol/ is full of retards who can't understand math and play the lotto hoping to hit it big based on muh feels and muh hope
really sums up the whole philosophy of this place
>>79859272
>people thinking they can win the lottery
>not just playing it for a laugh between family, friends, and coworkers to see who can match what
>literally costs about the same as your mother pays for your ramen per week
You're not enlightened, kiddo... people know they aren't winning jack.
>>79858872
>Explain how $4 a week on a lottery ticket makes you an idiot?
That's roughly $120 a month. Over a grand a year. Invest that or make an extra mortgage payment you dumb fuck.
>Do you see movies
No I don't support Jewllywood
>Do you do anything besides sit in your mothers basement
I own my own house.
>Do you buy a car based on looks instead of reliability
I live in NYC I don't need a car.
>Do you literally breathe
Yes.
>>79859464
>playing for a laugh
>every week
yeah mate, you don't secretly hope you'll win, you're just making the same joke over and over again and it's just as funny each time
>i-it's just a few dollars a week (for a nearly 0% chance of winning)
>>79859666
Satan... I thought you encouraged gambling?
>>79859272
>not playing your dead grandma's numbers every week
>>79859591
>$4 a week
>$120 a month
Must be quite the months you've got there.
The lottery funds both jews and degeneracy.
You would be better of spending that dollar on a hamburger from McDonald's. At the very least, that would cost them the resources for manufacturing goods.
>MUH SCHOOLS
I dare you to try and declare the amount you "donated" to schools by listing your lottery spending on your taxes.
If there was genuine altruism in your sentiment, you would be giving that money directly to the schools instead of sharing most of it with jews who WILL declare that tax deduction.
>Low risk high reward
This logic only works if the risk and rewards are inversely proportional. Taking probability into consideration, that lottery ticket is worth considerably less than the dollar that you spent on it.
Repeat after me:
ONLY
RETARDS
PLAY
THE
LOTTERY
>>79856923
...is what poor people say.
>>79859890
Usually people aren't honest with how much they actually spend on lotto and low ball it. Alcoholics and other substance abusers do the same.
>>79853797
Do you even understand the concept of expected value? Playing the lottery is not rational, period.
>>79859464
>people know they aren't winning jack.
>Know I'm wasting money
>Do it anyway
I bet you ironically refer to yourself as redpilled, too.
>>79859652
>>79859666
I and a few others in this thread only play when its over $500 million
But yeah, it's literal poor people that buy tickets every week and dozens when it's this much.
We'll probably see footage of lines of people waiting to get tickets.
>>79859652
I haven't played in over a year. I just know that it was fun comparing tickets with coworkers. Not all of us are autistic. There is no way you have not spent more frivolous in your life.
>>79859591
Check your math...
>>79859939
>The lottery funds both jews and degeneracy.
And you've never bought a movie ticket?
>>79859272
The math says that playing the lotto has a positive expectation once the prize gets big enough. It's just that most people don't have the bankroll to play for the big money.
>>79860129
>Check your math...
>>79860056
>>79860126
>I and a few others in this thread only play when its over $500 million
Poor choice.
Expected ticket value decreases after a certain point due to a high number of participants and an increased likelihood of sharing.
He's a binomial distribution to explain the concept.
>>79860060
>>79860351
Same could be said of any form of gambling
>>79860240
I avoid it at all costs. Yohoho, mother fucker.
Also, movies at the very least have production values that are in line with expected values.
I purchase a movie ticket.
In return, I see a movie.
I purchase a lottery ticket.
In return, I get.....
>>79853797
I think of it as an insurance against not winning.
>>79860459
Shit, I should have explained.
X value is the anticipated number of winners and Y value is the chance of that number of winners occurring.
>>79860459
Theoretically that is sound, but the numbers aren't picked already when you buy your ticket. Everyone has the same shitty odds.
>>79859591
Wow we got the next mathematical genius here
>>79860672
"Not winning" has zero consequences.
I'm "not winning" right this very moment, and my quality of life has not decreased one iota.
Why insure yourself on something with no consequences?
>>79860612
>I purchase a lottery ticket.
>In return, I get.....
A lottery ticket
At least you get something physical when you get a ticket
There's literally nothing wrong with throwing a little bit of money that your existential nightmare will come to an end.
> Hurr durr make extra payments on your mortgage n shit
The marginal gains putting the money spent on the lottery into something better is not worth the loss of the lottery fantasy. I'd rather have the 1 in a billion chance than pay my mortgage off a couple of months early.
>>79860796
The same reason why some people buy insurance.
Did you know that if you have no insurance, you can get free health care?
>>79860733
Look, if you don't know what a binomial distribution is, then don't pretend you have a clue what you're talking about.
It doesn't matter if everyone has the same odds of winning.
The value of the ticket still decreases the more people that play.
>>79860842
You are a retard good sir.
>>79860827
>At least you get something physical when you get a ticket
The concept of goods and services seems to be lost on you.
Internet connection is not a good either, but you still pay for that because you are getting something in return.
What is the "good" you get from a lottery ticket?
What is the "service"?
>>79861036
People pay to see fantasy films, people pay for fantasy books, people pay for fantasy games.
Why is paying a small amount for the fantasy of being rich so bad?
You should buy a powerball ticket.
In one of the multiverses you'll win.
>>79853797
If you feel like it's a problem then it's a problem. I personally only buy a ticket when the jackpot gets big and no more than $5 for tickets. I do have a change jar that I cash in and buy scratch tickets occasionally.
>>79856923
>Saving 2 dollars a week won't get you anywhere
Learn about expected return and spend those 2 dollars in a casino
>>79861261
>Why is paying a small amount for the fantasy of being rich so bad?
Why the fuck do you need to pay money to fantasize about being rich?
>>79861261
The odds of getting rich off of the lottery is actually higher than the odds of getting rich working an honest job. This is why people buy the lottery.
It's a better deal than wage slavery.
>>79861261
...Actually a pretty good argument.
What would you do with 500 million?
Half of it is going towards taxes.
$250 million
$50 million for living off
$1 million for the church the married me and my wife
$1 million for the other church that did our pre cana
$5 million to build a new church in my wife's home town overseas
$1 million for a Catholic scholarship
$1 million for family on my side
$1 million for family on my wife's side
$50 million in stocks
$75 million to open a dunkin donuts chain in North and South Dakota
$10 million set aside for my children
$15 million to start a resturant
$30 million for a house, land, and taxes
$10 million to make an indie video game
>>79861461
No, it's not.
I'm thinking about all the things I could do if I was rich right now.
Guess how much it cost me. Go ahead. Guess.
put each dollar you would have spent on lottery tickets and place it in the market.
>>79861261
Invest and the fantastic becomes reality. I made $150,000 off BREXIT depending on what happens with Scotland and when you guys officially leave I'll make more. Then I'll invest all that money into a food truck and be rich.
>>79861375
Because possible fantasy is better than an impossible one. Maybe I'm biased because I personally know someone who won £250,000. Not the jackpot, but bought a house at 22 and escaped the mortgage/rent Jew that plagues the rest of us for most of our lives.
>>79860530
The odds of your 2 dollars winning 10 back in a slot machine are far greater than your 2 dollars winning 500 million in the lottery
>>79859591
What planet do you live on?
A month here is like 4 weeks
>>79861745
>Because possible fantasy is better than an impossible one
Spend your money on literally anything else involving investment.
Your odds of being rich are better than spending it on the lottery.
>Maybe I'm biased because I personally know someone who won £250,000.
WTF I love the lottery now!
>>79861882
You can win more other than $500 million
>>79861668
>things that never happened.
>>79857694
thats the way I see it.
it's a dream tax. you pay your 1-3$, and you get to dream about all those things you want to do, but can't because you are responsible.
>>79862012
Hey.
Tard.
What part of "$500Million has worse expected value" did you not understand?
Do you want me to explain it to you step by step?
I'll be more than happy too.
>>79862012
*win other
The last winner was a jew.
>>79862174
Again, $500 million isn't the only thing you can win
>>79862160
>>79857694
Why on earth is giving your money to (((the lottery))) a prerequisite for dreaming?
Where the fuck did you chucklefucks get this braindead idea from to begin with?
>>79862348
Even counting the secondary prizes doesn't make the expected value worthwhile.
I don't know why you'd make this argument
stupid tax
>>79858872
>he pays the idiot tax
Top kek
>>79858872
>Do you never spend anything in a frivolous fashion?
If it does, it's because it goes to places and people I trust.
Why are you so eager to give your money to people that actively try to fuck you over?
No one's brought up that its a bad way to redistribute wealth? It really is a stupid tax.
So what do you guys think the winning numbers will be?
>>79860060
>All value is monetary.
You might as well say going to a movie or doing anything at all isn't rational. Clearly, people still gamble or purchase lottery tickets despite the odds being against them because of the thrill it provides. Even if we limit it to just money, you can't use math on human values. A guaranteed dollar does not equal a one in a million shot at a million dollars. A million dollars could change your life even if the odds of getting it is low while a dollar is just a dollar.
>>79859999
>>79859999
CHECKED
>>79853797
In my country we have a saying:
"Lottery is the fools tax"
>>79862884
1 0 10 6 9 69
>>79859591
>live a totally boring and lame life so u can talk shit bout how you are smarter then everyone else because you dont spend any money on things that entertain you.
Life is for living asshole. You seem to think being a miser makes you smart and those that dont live that way are dumb.
I say you're the dumb one, you are wasting the one life you have on pinching pennies while those you talk down on are out enjoying themselves.
>>79863066
>pays 70% tax to the government
>€1 voluntary purchase is the fools tax
>>79853797
I got two last week. Grabbing two more today.
I just need to come up with a plan
Daily reminder that the guy who one the last powerball was literally named Shlomo
http://m.jpost.com/Diaspora/US-Jewish-philanthropist-bought-Powerball-ticket-for-lucky-employee-441597#article=6023RUJCMzUxQTM0OEVFNjgzMUYzRTBBREE4NUMyRTQ1QjU=
>>79853797
if you want to take a dollar you'd spend on crap food or tomfoolery and buy a lotto ticket, I don't see the problem.
>>79860060
With this high jackpot, the expected value is actually positive right now. So mathematically, the optimal strategy would be to spend all of your savings on lottery tickets.
>>79863660
expected value is positive,yes, but the kelly criterion would probably indicate a smaller bet to avoid risk of ruin.
>>79863066
And working is for the idiots.
