[Powerball] $900 million

Friggen insane. Billionaire born overnight.

 

It's like 800 million cash payout.

Thornton was talking about buying tickets and Lawson did..can y'all imagine if a millionaire won it? Chaos...:grin:

 

I hit the powerball number! Spent $4, won $4.

 

Here's some math for you...

1 in 292 million is the chance of winning meaning there is 292,000,000 combinations of numbers.

So for $584 million ($2x292mm) you could purchase every combination of a ticket and be guaranteed to own a piece of the pot. Of course splitting the pot would stink but if you would have done that with the last pot, you would have made around $300 million (counting big pot plus all the side winner tickets) profit (minus taxes). And you'd make over $700 million on the next pot. Even if you split the next pot, you'd make a few million.

Here are the problems with that though:
1) You need the cash to buy them.
2) You'd have to fill out 292 million tickets (no quick picks). At 10 seconds a ticket, that would be 90+ years of filling in the bubbles. If you employed 270 people and they worked each worked 8 hours a day, you could have the tickets filled out in a year (and I hope no one makes a mistake - unlikely but you hope that the mistake was not the winner). Doable but you better get the crew started asap for that future drawing. The good news is they are reusable - until they change the number combinations.
3) To purchase that many tickets, if you were able to purchase 1 ticket per 1 second (5 seconds for a sheet of 5) and did that for 24x7, it would take you 9 years to process all the ticket combinations. You could split the tickets up and spread out the work (multithread), but to purchase all the tickets in a 48 hour period, you'd need over 40,000 people at 40,000 different machines.

So the lesson here? If you want to be a chance to be a millionaire, stay in school.

 

do y'all do quick picks? or is it better to pick the numbers on your own?

 

Makes no difference from a statistical standpoint, all combinations have the same chance of success.

 

Paging Morey

 

Been practicing my jumpshot all summer and took videos of myself passing.

I'm ready for this!

 

75% of the tickets sold were quick picks.

75% of the winners used quick picks.

 

I'm not sure your math is right here, but even still there is a bigger problem, you are letting the state control a half a billion of your funds for the next 30 years, or whatever it is.

No billionaire is going to do that. That would be insane.

 

4. as the prize increases, more people buy and the odds of multiple winners rises

 

Ahh yes...there is that point too.

 

Surprised no one has brought up the fact that the media (and general public) won't leave this "overnight billionaire" alone.

Since this is unprecedented and it seems like everyone is talking about it, the winner is doomed to a miserable existence.

 

Questions

1. If I buy tickets today or tomorrow and it hits one of the past lotto drawing numbers, am I winner?

2. Likewise if my tickets already bought hit future drawings I am a winner right?

 

No.

 

The probability is the same its a random draw. However 70% of winners used quick picks.

 

You are either trolling super hard or you live under a rock. First you ask where you buy tickets at, now this?

 

I'm serious

First time playing.

But can you answer my question?

 

So assuming there is a winner announced Wednesday, it will be someone who has purchased tickets between now and time of the draw on Wednesday?

Weird

 

Yes sir.