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Dark_Koopatrol 12/05/24 6:18:15 PM #1: |
Notes: - $1 million is untaxed - There are 156 drawings per year - Your Powerball ticket is free - The average jackpot tends to be in the range of $100 million to $300 million, but it is taxed - If you win once, you don't stop. For life! ... Copied to Clipboard!
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Anteaterking 12/05/24 6:20:13 PM #2: |
You'd expect to win the powerball every 13 months or so. --- http://i18.photobucket.com/albums/b136/Anteaterking/scan00021.jpg http://i18.photobucket.com/albums/b136/Anteaterking/scan00021.jpg ... Copied to Clipboard!
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GATTJT 12/05/24 6:24:11 PM #4: |
Guaranteed money is better than not guaranteed money --- http://steamcommunity.com/id/gamerfanfan/wishlist Oops, we trained a monkey to be a fascist! ... Copied to Clipboard!
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Phanir 12/05/24 6:26:28 PM #5: |
I'm a gambling man, so I'll take the risk. --- DFFOO ID: 801834319 ... Copied to Clipboard!
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Robot2600 12/05/24 6:30:05 PM #6: |
definitely a 1/400 chance. that's a 156/400 chance every year. wait, is that right? i never took stats --- April 15, 2024: The Day the Internet Died ... Copied to Clipboard!
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orangefire25 12/05/24 6:32:09 PM #8: |
A quarter of a percent is pretty low fam Powerball --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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Tequilawhatitdo 12/05/24 6:32:40 PM #9: |
Just gimme $1M --- http://www.abload.de/img/untitled-4fgojx.gif - #1 P4P Nachos = $3, Nachos con queso = $5, Champion Dos Nachos = Priceless ... Copied to Clipboard!
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Glob 12/05/24 6:33:00 PM #10: |
It seems like the power ball option is likely to pay out a far greater amount unless you dont expect to live more than a few years. So unless you really need the money now, it seems better to take the gamble. ... Copied to Clipboard!
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Dragon239 12/05/24 6:34:06 PM #11: |
I think... ~1/3 chance of winning at least once after 156 drawings. ~55% after 312 (156*2) drawings. And it's just a free entry into every one? Yeah. --- http://i.imgur.com/nkZgO.jpg ... Copied to Clipboard!
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R_Jackal 12/05/24 6:45:19 PM #12: |
Powerball. By the power of shit luck I'll never win but it'll be funny if I ever do. ... Copied to Clipboard!
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The_Korey 12/05/24 6:49:45 PM #13: |
The mil. I'd rather not get the attention of being a Powerball winner once, much less several times. --- Philosophy major in the academy of Nope. ... Copied to Clipboard!
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thronedfire2 12/05/24 6:51:05 PM #14: |
obviously the powerball chance even if you win the minimum that's still ~20M after taxes plus in order to have that high a chance of winning every time, you'd have to be getting 4 numbers a significant amount of times, which would be $1M each time --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... ... Copied to Clipboard!
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UnholyMudcrab 12/05/24 6:51:22 PM #15: |
I feel like you're gonna start getting investigated at some point when you start winning multiple Powerballs You win one, that's fine. You win two, quite a few eyebrows are being raised. You win three, and everyone is now looking at you. --- http://i.imgur.com/VeNBg.gif http://i.imgur.com/gd5jC8q.gif http://i.imgur.com/PKIy7.gif http://i.imgur.com/3p29JqP.gif ... Copied to Clipboard!
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joaquintall 12/05/24 6:52:57 PM #16: |
Statistically, in 2.5 years, you *could* be the winner. Actually that's not bad as opposed to our current 1/14000000 odds (or whatever it actually is). Then again $1 mil guaranteed is good. Not so much that 4th & 5th cousins saying they pushed the swing for you once when you were 6 years old need money, but enough to pay off a modest house, do some traveling and retire depending on your age. ... Copied to Clipboard!
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-Unowninator- 12/05/24 6:57:05 PM #17: |
A million bucks, or a less than 1% chance of getting a million bucks? Gotta go with the first choice. --- I hate Earth! It's a horrible home! People are stupid!" ~ Korvo (this is how I really feel now) Join the unknown: http://goo.gl/S75cmn ... Copied to Clipboard!
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LeCh0nk 12/05/24 6:57:16 PM #18: |
UnholyMudcrab posted... I feel like you're gonna start getting investigated at some point when you start winning multiple Powerballsyou don't need to claim the subsequent prizes --- @('_')@ ... Copied to Clipboard!
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Kanaya413 12/05/24 7:07:38 PM #19: |
GATTJT posted... Guaranteed money is better than not guaranteed money ... Copied to Clipboard!
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LeoRavus 12/05/24 7:09:29 PM #20: |
I could live comfortable the rest of my life on a million. Everything I own is paid for. It would just be utilities and spending money. I could probably live off the interest alone. Fuck gambling. --- This is where cool people write stuff. ... Copied to Clipboard!
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thronedfire2 12/05/24 7:11:40 PM #21: |
-Unowninator- posted... A million bucks, or a less than 1% chance of getting a million bucks? Gotta go with the first choice. ..that's a less than 1% chance 3 times a week. statistically, it wouldn't take long to win --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... ... Copied to Clipboard!
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The_Popo 12/05/24 7:22:08 PM #22: |
This poll is basically Do you want $1 million now, or 8 to 10 figure sometimes in the next 2 years? Absolutely the power ball. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran ... Copied to Clipboard!
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rick_alverado 12/05/24 7:51:05 PM #23: |
I'll take the cash now. Apparently the tickets have to remain within the state they were sold in, and while moving to the USA would be easy enough after I won once and was rich, that wouldn't solve the issues with getting that first win. ... Copied to Clipboard!
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Glob 12/05/24 7:52:00 PM #24: |
rick_alverado posted... I'll take the cash now. Apparently the tickets have to remain within the state they were sold in, and while moving to the USA would be easy enough after I won once and was rich, that wouldn't solve the issues with getting that first win. I was assuming that for this hypothetical to work, such things would not apply. Because theres no way Id be willing to move to the US. ... Copied to Clipboard!
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LeoRavus 12/05/24 7:57:42 PM #25: |
The_Popo posted... This poll is basically Do you want $1 million now, or 8 to 10 figure sometimes in the next 2 years? How do you get that out of a .25% chance to win? That's 1/4 of a 1% chance. You could get 10 tickets a day for life and never win. --- This is where cool people write stuff. ... Copied to Clipboard!
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ADW 12/05/24 8:04:40 PM #26: |
The lottery is literally built off the backs of tons of people who play their entire life and never win. Not taking guaranteed money is madness. ... Copied to Clipboard!
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The_Popo 12/05/24 8:11:10 PM #27: |
LeoRavus posted... How do you get that out of a .25% chance to win? That's 1/4 of a 1% chance. You could get 10 tickets a day for life and never win. If you have a .25% chance of something happening, you have a 1 in 400 chance of winning something. With 156 drawings per year, the odds are that youd probably win something within 2 years. Not guaranteed, but likely. As for the 10 tickets per day thing, I believe the math comes out that you have a 91.8% chance of winning in the first 100 days of 10 tickets per day. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran ... Copied to Clipboard!
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LeoRavus 12/05/24 8:15:20 PM #28: |
The_Popo posted... If you have a .25% chance of something happening, you have a 1 in 400 chance of winning something. With 156 drawings per year, the odds are that youd probably win something within 2 years. Not guaranteed, but likely. Isn't that a 1/400 chance per drawing? Each time you'll have the same 1/400 chance. I don't think it stacks to reach a higher percentage. --- This is where cool people write stuff. ... Copied to Clipboard!
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MichaeI_Vick 12/05/24 8:25:08 PM #29: |
LeoRavus posted...
Each attempt is going to be 1/400, but the more times you enter the higher your chances are to win at least once. Getting 10 tickets a day for a week (70 entries) gives you a 16% chance to win at least one of those entries. Getting 10 tickets a day for a year (3650 entries) gives you a 99.98% chance to win at least one of those entries. I understand that at a glance that 1 in 400 looks like impossible odds but trust me it's not that super unlikely to hit it a couple of times if you have multiple chances at it. --- http://sports.yahoo.com/nfl/players/5448 --- http://sports.espn.go.com/nfl/players/profile?playerId=2549 ... Copied to Clipboard!
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LeoRavus 12/05/24 8:28:57 PM #31: |
MichaeI_Vick posted... Each attempt is going to be 1/400, but the more times you enter the higher your chances are to win at least once. That's if each ticket has its own .25% chance. It could be .25% chance no matter how many tickets you buy. TC didn't explain this in the magic scenario. --- This is where cool people write stuff. ... Copied to Clipboard!
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The_Popo 12/05/24 8:38:24 PM #33: |
LeoRavus posted... Isn't that a 1/400 chance per drawing? Each time you'll have the same 1/400 chance. I don't think it stacks to reach a higher percentage. It is probability odds. What are the odds that you can guess a coin flip right? 50%. How about guessing it right multiple times in a row? Twice = 50% x 50% = 25% 3 times = 50% x 50% x 50% = 12.5% 4 times = 50% x 50% x 50% x 50% = 6.25% And so on. It isnt guaranteed, but those are the odds. Now if you wanted to find the odds of getting your coin flip correct just once on multiple guesses, you just subtract the above odds from 1: Guessing right once on 2 flips = 1 - .25 = 75% Guessing right once on 3 flips = 1 - .125 = 87.5% Guessing right once on 4 flips = 1 - .0625 = 93.75% The same works with the lottery, only with higher odds against you. if we assume the 99.75% chance of losing each time One draw = .9975 Two draws = .9975 x .9975 = .995 chance of losing Three draws = .9975 x .9975 x .9975 = .9925 chance of losing Four draws = .9975^4 = .9900 chance of losing And so on. So by the time you got to 300 drawings .9975^300 = .472 chance of losing Which means you have a 52.8% chance of winning within the first 300 drawings. Better than 50%. Again, not a guarantee. But thats statistics. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran ... Copied to Clipboard!
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UnsteadyOwl 12/05/24 8:41:30 PM #34: |
At a .25% chance with each drawing you'd have about a 32% chance of hitting at least once jackpot in any given year. I'd take those odds for sure. --- "If you are always trying to be normal, you will never know how amazing you can be." ... Copied to Clipboard!
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pegusus123456 12/05/24 8:41:50 PM #35: |
You can quote stats and math, but I know I've killed Arthas Menethil like a hundred times and I still don't have an invisible horse. That said, I voted Powerball. Big money big money no whammy --- https://i.imgur.com/Er6TT.gif https://i.imgur.com/Er6TT.gif https://i.imgur.com/Er6TT.gif So? I deeded to some gay porn. It doesn't mean anything. - Patty_Fleur ... Copied to Clipboard!
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MichaeI_Vick 12/05/24 8:42:33 PM #36: |
LeoRavus posted...
If that's the case then there's really no reason to pick the Powerball option then. I figured that it was each ticket would be its own .25% chance. Makes the scenario interesting and worth talking about, especially since it's capped at 156 drawings per year (assuming it's only 1 ticket per draw to make it more interesting) then you only have a 32.32% chance to win a drawing of $100 million to $300 million (taxed) per year. People might just say screw that and stick with the guaranteed million. --- http://sports.yahoo.com/nfl/players/5448 --- http://sports.espn.go.com/nfl/players/profile?playerId=2549 ... Copied to Clipboard!
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LeoRavus 12/05/24 8:45:35 PM #38: |
Ok TC is this .25% chance per ticket or just .25% chance per drawing no matter how many tickets you get? --- This is where cool people write stuff. ... Copied to Clipboard!
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Alucard188 12/05/24 8:49:09 PM #39: |
Get the sure million now. I don't need a powerball winnings. --- Face it Cloud is a gaming icon and has appered in lots of games while mario has only appeared in 2 games sunshine and 64~xSlashbomBx ... Copied to Clipboard!
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thronedfire2 12/05/24 8:59:43 PM #40: |
[LFAQs-redacted-quote] just /rng 10000 and if you get 1-25 you win --- I could see you, but I couldn't hear you You were holding your hat in the breeze Turning away from me In this moment you were stolen... ... Copied to Clipboard!
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TheFalseDeity 12/05/24 9:05:12 PM #41: |
Million easy. Instant retirement vs delayed retirement. 1 million is enough to get the job done for me and multi millionaire status wouldnt add much for me. --- http://psnprofiles.com/TheFalseDeity Currently playing - Tropico 5 ... Copied to Clipboard!
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LeoRavus 12/05/24 9:09:58 PM #42: |
TheFalseDeity posted... Million easy. Instant retirement vs delayed retirement. 1 million is enough to get the job done for me and multi millionaire status wouldnt add much for me. Not to mention if you put it in a high yield savings account you could get 50k per year in interest. That's more than I was making at my old job. --- This is where cool people write stuff. ... Copied to Clipboard!
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Ratchetrockon 12/05/24 9:10:35 PM #43: |
thronedfire2 posted... just /rng 10000 and if you get 1-25 you win Damn. Ive done about 130 drawings and haven't hit the lotto yet. I'll try some more later tho Oh wait is this accurate https://gamefaqs.gamespot.com/a/forum/1/15a5a3aa.jpg https://gamefaqs.gamespot.com/a/forum/4/4254854c.jpg So can take a bit less than 2 years of drawings if lucky up to 11+ years if unlucky. --- I'm a Taurus. Currently playing: Oldschool Runescape & DMC 3 Ubisoft Port. He/Him ... Copied to Clipboard!
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The_Popo 12/05/24 9:23:43 PM #45: |
Just tried it with an RNG calculator. Took me 569 tries before I got my jackpot. It was a 24% chance that itd take that long for me to hit it, so I was unlucky. Still, generational wealth in 3.5 years. --- Live action Hungry Hungry Hippos though, now that was a sport. ~Aeon Azuran ... Copied to Clipboard!
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misterbum 12/05/24 9:25:33 PM #46: |
Gotta go with the stats, 1/400 odds on that is too good to pass up. --- http://imgur.com/a/WqlxL ... Copied to Clipboard!
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MichaeI_Vick 12/05/24 9:27:04 PM #47: |
Sorry yall, I took all the luck. I got the jackpot after 24 tries. lol --- http://sports.yahoo.com/nfl/players/5448 --- http://sports.espn.go.com/nfl/players/profile?playerId=2549 ... Copied to Clipboard!
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Iodine 12/05/24 9:43:53 PM #48: |
The_Korey posted... The mil. I'd rather not get the attention of being a Powerball winner once, much less several times. --- In Belichick we Trust ... Copied to Clipboard!
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The_Wheelman1 12/05/24 11:57:32 PM #49: |
Still to low of a chance. Just give me the $1 mil. --- XBox Live GT: MastaMez PSN: KoolMez The Topic Killer \_0_/ ... Copied to Clipboard!
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not_KDTProjekt 12/06/24 12:04:45 AM #50: |
You'd have a 97.99% chance of winning the Powerball within 10 years. ... Copied to Clipboard!
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