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Author Topic:   Mega Millions Mania
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


Message 2 of 43 (657626)
03-29-2012 4:08 PM
Reply to: Message 1 by Phat
03-29-2012 3:55 PM


The odds of winning are an astronomical 147 million to one.
The odd thing is, if this calculation is true, then you could gurantee a winner by buying 147 million different tickets (assuming there were no duplicates of all numbers).
This would cost you $147 million, but you would win $500 million. I'd like someone to actually do this, but unfortunately, the bank laughed at me when I asked for the loan to do this.
A question for evc readers....what would you do with $540 million dollars?
To be honest, I'd like to think I'd not do much different. I wouldn't buy a huge house, though I would fix up the one I have to become exactly what I want (a fence, new landscaping and a 4 seasons room). I'd probably buy a new car for my wife, and my immediate family members who need one. I'd set up college funds for my children, my nieces and nephews, and probably a few scholarship programs for unrelated kids.
Ultimately, I'd probably invest most of it so my wife and I could live comfortably without worry about money. Money may be considered the root of all evil, but to me, it is definitely the root of all worry.
Oh, and the lot behind my neighborhood that is attempting to be rezoned multi-family so they can put in unnecessary low-income apartments? I'd probably buy it and turn it into a park.

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 Message 1 by Phat, posted 03-29-2012 3:55 PM Phat has seen this message but not replied

Replies to this message:
 Message 34 by Hyroglyphx, posted 03-31-2012 5:44 PM Perdition has replied

  
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


Message 4 of 43 (657632)
03-29-2012 4:23 PM
Reply to: Message 3 by jar
03-29-2012 4:13 PM


I would refuse to accept it.
Then why would you buy the ticket? If you wouldn't buy the ticket, then you couldn't win and the question is moot.

This message is a reply to:
 Message 3 by jar, posted 03-29-2012 4:13 PM jar has replied

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 Message 5 by jar, posted 03-29-2012 4:30 PM Perdition has seen this message but not replied

  
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


Message 25 of 43 (657814)
03-30-2012 6:24 PM


The prize has jumped to $640 million, in just one day, and it continues to rise as more and more people are buying them.
A colleague of mine has said that he heard all possible combinations have been sold at least once, meaning someone or some few are going to win tonight.
I wish those winners luck (I doubt I'll be one).

  
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


Message 39 of 43 (658094)
04-02-2012 10:28 AM
Reply to: Message 34 by Hyroglyphx
03-31-2012 5:44 PM


Yeah, but if there were other winners (in this case 3 separate winners), then you'd have to share the winnings. In this instance, that would still leave you with $2 million, but ordinarily you would be in the hole.
Well, there are two potential issues here. For one, there are many weeks when no one wins. For instance, the drawing before was for over $300 million, and no one won it (obviously) so doing it thern would have guaranteed you a single victory.
Secondly, you wouldn't just win the jackpot. You'd also have every possible combination of the lower payouts, too.
Secondly, even if you had a team of 20 people working around the clock, filling in bubbles and filling in every combination possible 147 million times, the contest would be over 8 months ago by the time you finish.
I wouold suggest starting the process early. Once you get the self-pick tickets filled in, you can use them at any time, so you just need to find people who are willing to help you fill them in, or just do nothing else during your down time for a year, and you'll have all the possible combinations.
The hard part is getting all of them printed. You'd almost certainly need to spread out your purchases, and with three days between drawings, you'd have to work fast, smart, and with help. You'd probably need to coordinate with the owners of a few establishments (they get money for printing a winner so they have some incentive to work with you) to have a stack of those tickets dropped off and printed, then picked up later.
But beyond that, you'd need to have the money to pay for them all, in cash. That means a loan, and then some rather large stacks of money being transported.
All in all, it would be quite the undertaking, but if you could pull it off, you'd be famous, and rightfully so.

This message is a reply to:
 Message 34 by Hyroglyphx, posted 03-31-2012 5:44 PM Hyroglyphx has not replied

Replies to this message:
 Message 40 by Theodoric, posted 04-02-2012 11:25 AM Perdition has replied

  
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


(1)
Message 41 of 43 (658122)
04-02-2012 12:35 PM
Reply to: Message 40 by Theodoric
04-02-2012 11:25 AM


I can find a better and less tenuous ROI on that much money.
I'm sure you could, but very few of them would be guaranteed.
I didn't say it was practical, just possible. If it were both, I'd have done it this past week.

This message is a reply to:
 Message 40 by Theodoric, posted 04-02-2012 11:25 AM Theodoric has replied

Replies to this message:
 Message 42 by Theodoric, posted 04-02-2012 12:50 PM Perdition has replied

  
Perdition
Member (Idle past 3256 days)
Posts: 1593
From: Wisconsin
Joined: 05-15-2003


Message 43 of 43 (658129)
04-02-2012 1:35 PM
Reply to: Message 42 by Theodoric
04-02-2012 12:50 PM


Not guaranteed. What if 5 or more people hit the #'s?
You're guaranteed to win. Whether others do too is another thing, but the odds are pretty much in your favor. More lottery draws are not won than are.
What if you missed a handful of #'s and the winning # was in the handful?
Then you didn't do what I suggested, which is to buy all of the possible numbers.
Again, not practical, but possible.

This message is a reply to:
 Message 42 by Theodoric, posted 04-02-2012 12:50 PM Theodoric has not replied

  
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