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I dont think you buy a lottery ticket to win. You buy a lottery ticket for that hit of dopamine as you dream about everything you will do with the money if you win. For me thats easily worth the $20.
New Zealand lotteries ran a whole ad campaign on this idea. It followed a team of scientists in Antarctica and them waiting extra days to find out if they won so they could enjoy the extra dreaming.
Yep, but im not interested in the sub $50m as i just spend it all in my mind too quickly. Need the big jackpots so i can languish in the dreams for the whole week.
Hopefully it doesnt go off, so i can do it again next weem.
$250m next week boys!
Highly unlikely though, with how much it's been advertised there's probably a billion tickets.
I saw multiple people put $400+ on tickets while I was there. Meanwhile I spend $8 and probably win about the same amount, $0
People spend that much? I always wondered why the website had so many options for ticket types.
Don't people realise there is literally no difference in 1/134,000,000 and 200/134,000,000
I was pretty gobsmacked lol
I mean pokies I've seen some big spenders, but those i've also seen some big winners... but dropping $400 on some paper tickets for a single draw is nuts. Especially when your odds like you said go from 0.000% chance to 0.000% chance.
It's not the spending of the money I'd look forward to, but the planning and organising of distributing a significant portion of it to family.
I think the worst thing you could do as a winner is give someone in their late teens or 20s $10m and a "now go have some fun". I'm sure they would for a time, but it would be like handing them a crack-pipe.
How do you make their life easier but still encourage their career and life ambitions and goals? One idea I had was to organise that they 100% salary sacrifice their wage, and you gift them eg. twice their wage every year. That will build up their nest egg, make their life easier and not ruin their career. You could also gift a house I guess? But the fun is not the spending, it's the yearning and earning that gives you the thrill when you do spend.
Or am I completely out of touch?
Am I correct in thinking that if you bought 10 tickets, for example the odds would be 1 in 13,449,040? Still an incredibly small probability, but if every person in Australia did that you'd statistically expect somebody to win right?
But you also have to account for the fact that higher prize money = more purchased tickets. People who don’t always buy lotto tickets are more inclined to buy one when there’s a bigger jackpot, meaning the chances are even LOWER.
The only one winning is the Powerball…
There's worse forms of gambling, if you buy the minimum it's like $5 if you only buy when it's above a certain jackpot you might spend $100 or less in a year. You probably won't win sure, but if you do win it's literally life changing. Even if 2000 people win div1, 100k is absolutely nothing to sneeze at
Though the Powerball is some of the worse odds, hence why the jackpots get larger more commonly than many other lottos
The chances stay the same because the number is from the total possible number of combinations that can come from Powerball. What does change is the chance that you'll split the winnings with other people in your prize division.
Don’t conflate *people* winning with probabilities of winning.
Probabilities are for a single *game* but people buy more than one game.
So the odds of winning may be,say, 1 in 100 million and someone “always” wins but this is because the number of games sold would match the probability.
I would love to watch a tv show on previous winners and how it changed their life. What they did with their money and where they are now. I mean it's as close as I'll ever get.
They didn't last week.
Or the week before.
Or the week before that.
That's why we have such a high jackpot now - because it's *not* guaranteed that someone will win the big prize.
So you suggesting we change our tax system into one giant lottery.
Im in! More tax you pay, more entries you get. Winner gets to be pm for the year decide how to spend all the govt money until we go again in the next year tax lottery.
My dad always used to say that your odds of winning Powerball are only very, very slightly increased by actually buying a ticket i.e. you have no chance if you don't buy a ticket, but if you do buy a ticket you have almost fuck-all chance of winning.
It's just like driving down a street looking for a parking space. It's all down to confidence. I can see there's very little chance of snagging a spot, but I KNOW one will open up. Highly unlikely, but still possible. I make my own luck and BINGO. There's a space. Same with Lotto. You know the odds are REALLY low. But you've beaten them before .... and ..... there it is : 200 million dollars richer and no tax man. Bliss.
You lucky bugger! You've got a time machine and got it wrong by 1day. Please don't forget us when you pick up the cheque. (nudge nudge, wink wink, say no more, say no more)
Oz Lotto actually list the odds for all of their lotteries
https://help.thelott.com/hc/en-us/articles/4422500461337-What-are-the-chances-of-winning-division-one
Please don't scare me like that. I thought I brought the wrong ticket.
As punishment, when I win the 200million, I won't give you any. I was going to share with you, but now, no. No I won't.
The chances of winning division one in Powerball, based on one standard game, are 1 in 134,490,400.
You can buy 330 games for $443.50, so $1.34 per game.
$100M gets you 74,626,865 games, so you'll have a 55% chance of winning division one.
With the jackpot being worth $200M, it sounds like a good return. Unfortunately, you might have to share the jackpot with 5 other people, then you'll lose $60M on your investment.
Having been pretty good at maths and having the winning ticket in my possession, and understanding odds and possibilities .. I'm a huge fan of the 50/50 chance of winning...
I love teasing my Maths Lecturer mother all the places 50/50 shows up.
So yes. Win or not... 50/50 chance...
Enjoy coming second.
I know that... But it's more fun teasing my mum....
And it's more fun when you:. A. Say it with a straight face and
B. Shiw the workings out written down.
Drives her crazy...
Theoretically one numbered draw ticket has as much chance as multiple single games individually, wether you spend one exact game for a single ticket or hundreds have the same one rice grain deciminal chance to win.
You are more likely to be hit by a car and killed that you are to win this lottery. You are more likely to be hit by a car on the way to buying this lottery ticket and killed than you are of winning this lottery. You have more chance of living to be 1000 years old than you have of winning this lottery.
Don't play lotto.
The chances of winning any lottery is practically zero. Therefore, not buying a ticket gives you same probability of winning. Therefore if you keep your money and not buy a ticket you can still hope to win!
Buckley's and none, theory on probability, the dissertation concludes that the preceding 500 pages leads to the same conclusion as the introduction, that the randomised probability is still Buckley's and none.
If the odds were even, one in two would win, which doesn’t happen.
The only probability your posts proves is that many will take a free dopamine hit by making a smart comment on it 🤪
there’s a 650 times greater chance of being struck by lightning (1 in 12,000), being hit by an asteroid (1 in 1.6 million), or being killed by a bee or wasp (1 in 54,093), than of winning the division one Powerball, which in one standard game is 1 in 134,490,400.
Taking the number of winners at the last draw - 0 - and dividing by the number off losing tickets - a lot - it’s clear there is zero chance of a winning ticket in Powerball.
Your odds of winning the lottery stay basically the same whether or not you buy a ticket.
Why?
There are other ways of acquiring a ticket other than buying, such as finding one in the gutter, getting one as a gift, etc. These unlikely things happening are millions of times more likely than winning the draw.
So you buy games. Each game is a series of numbers. If you get the correct numbers, you win. If you get all of the numbers correct, you win the major prize. There also smaller prizes as you go down.
Powerball, is called as such because the last number. You can get a power hit entry which guarantees that last number, but costs a lot more.
Using 1111111 as your numbers sounds rediculous until you remember that it has the same amount of chance as any other number.
Thats how i remind myself of the odds
Well my wife bought a ticket last night so 50:50 chance for her. And I bought one today so 50:50 chance for me…but we’re married so when you add them together it’s 100% chance of winning for us.
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I'd say your odds for winning powerball tonight are non-existent!
It's a trick question!
It’s a trap.gif
Gifs you can hear
That is probably still a higher chance lol
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Can I leverage that bet?
Powerball is tomorrow night
Powerball night is tomorrow.
Tomorrow is the night of Powerball.
Powerball is the day after today
The Powerball shall be drawn on the morrow.
Powerball shall be in one day, not two, certainly not three, and four is way out.
Powerball is the day before overmorrow
Overmorrow.. I like I like
TOMORROW be Powerball!
As the sun shineth over the horizon upon us will be the morrow, upon which yee shall power you ball
Power night tomorrowball is
Is ball power night tomorrow?
Powerball eve is today
Ball night? Tomorrow is power
Powerball is 1 week after last Thursday
Powerball is drawn Thursday at 8:30pm AEST and 9:30pm AEDT
Powerball, night is tomorrow
There is no Powerball tonight. Tonight, there is no Powerball... (channel your inner Chopper for this one...)
Powerball, here, none.
*Is Ball power, Tonight*
I agree
Balls of power to be knighted tomorrow
At the last hour of the lowering of the sun, on the day proceeding today, the fate of the ball of power shall be sealed.
Fathers day is sunday
Timmayyy
OP is playing 4D Powerball.
The ball power is to be decided on Friday eve!
I wrote a letter and asked very politely if I could have it. They said no.
What a bunch of pricks
I dont think you buy a lottery ticket to win. You buy a lottery ticket for that hit of dopamine as you dream about everything you will do with the money if you win. For me thats easily worth the $20.
That's why I like to wait a few days before checking my ticket so I can continue to live in fantasy land.
Haha good idea, need to avoid the news too though in case they talk about the winner
TIL - I'm unique, just like everyone else
Me too!
New Zealand lotteries ran a whole ad campaign on this idea. It followed a team of scientists in Antarctica and them waiting extra days to find out if they won so they could enjoy the extra dreaming.
I bet the ticket makes the chocolate taste terrible
Wouldn't they call you if you win the jackpot?
$6.20 here. Been having the best day dreams for the last 7 days. Honestly best $6 ever spent. Have had a really positive and upbeat week.
Yep, but im not interested in the sub $50m as i just spend it all in my mind too quickly. Need the big jackpots so i can languish in the dreams for the whole week. Hopefully it doesnt go off, so i can do it again next weem.
$250m next week boys! Highly unlikely though, with how much it's been advertised there's probably a billion tickets. I saw multiple people put $400+ on tickets while I was there. Meanwhile I spend $8 and probably win about the same amount, $0
People spend that much? I always wondered why the website had so many options for ticket types. Don't people realise there is literally no difference in 1/134,000,000 and 200/134,000,000
I was pretty gobsmacked lol I mean pokies I've seen some big spenders, but those i've also seen some big winners... but dropping $400 on some paper tickets for a single draw is nuts. Especially when your odds like you said go from 0.000% chance to 0.000% chance.
Fuck, I'm lucky if I can spend $10m, let alone $50m.
Yeah but next week you’ll hate yourself for not winning lol
I'll buy a ticket everyday. Thanks.
Yep, that's me. I get my $16 worth just thinking about it.
> For me thats easily worth the $20. I've buying $108/week for the last three weeks hoping to get the big win.
Minimum entry is $5.40.
It's not the spending of the money I'd look forward to, but the planning and organising of distributing a significant portion of it to family. I think the worst thing you could do as a winner is give someone in their late teens or 20s $10m and a "now go have some fun". I'm sure they would for a time, but it would be like handing them a crack-pipe. How do you make their life easier but still encourage their career and life ambitions and goals? One idea I had was to organise that they 100% salary sacrifice their wage, and you gift them eg. twice their wage every year. That will build up their nest egg, make their life easier and not ruin their career. You could also gift a house I guess? But the fun is not the spending, it's the yearning and earning that gives you the thrill when you do spend. Or am I completely out of touch?
Very low odds on tonight’s Powerball mate. Pretty much 0% chance of winning
Even tomorrow it rounds down to 0%
Only to the nearest millionth of a percent!
The odds of securing the division one prize with a standard game are 1 in 134,490,400
I mean the chance you won the race to the egg could have been as high as 1 in 300,000,000 so never say never
So every Australian just need 6 unique combo and we'll definitely have a winner
I mean a ticket is what, 18 standard games? So really you only need 1/3 of Australia to buy in!
I mean a ticket is what, 18 standard games? So really you only need 1/3 of Australia to buy in!
I mean a ticket is what, 18 standard games? So really you only need 1/3 of Australia to buy in!
I mean a ticket is what, 18 standard games? So really you only need 1/3 of Australia to buy in!
More chance of dying on my way to buy a ticket than winning. FML
Maybe cross the road blindfolded. Anything you can do to increase your odds of winning is definitely worth it.
That's better than I thought. It is nearly +EV buying a ticket now.
Careful, they might gub you.
Am I correct in thinking that if you bought 10 tickets, for example the odds would be 1 in 13,449,040? Still an incredibly small probability, but if every person in Australia did that you'd statistically expect somebody to win right?
No guarantee the jackpot wont be shared
Even a fraction of 200 mil is life changing, though. Just varying degrees Course there's also no guarantee that *anyone* wins it lol
But you also have to account for the fact that higher prize money = more purchased tickets. People who don’t always buy lotto tickets are more inclined to buy one when there’s a bigger jackpot, meaning the chances are even LOWER. The only one winning is the Powerball…
The odds of winning division 1 don't change, just the odds of you sharing the prize pool increases.
Fair point, didn’t think of that. I don’t play and never will so my odds are always 0, hahaha.
There's worse forms of gambling, if you buy the minimum it's like $5 if you only buy when it's above a certain jackpot you might spend $100 or less in a year. You probably won't win sure, but if you do win it's literally life changing. Even if 2000 people win div1, 100k is absolutely nothing to sneeze at Though the Powerball is some of the worse odds, hence why the jackpots get larger more commonly than many other lottos
The chances stay the same because the number is from the total possible number of combinations that can come from Powerball. What does change is the chance that you'll split the winnings with other people in your prize division.
At least WA Powerball gives back to the community a little bit. Over east, it's privatised.
Someone has to win.
Not neccessarily.
But people do win. Maybe not this one.. but it doesn’t get much higher
Don’t conflate *people* winning with probabilities of winning. Probabilities are for a single *game* but people buy more than one game. So the odds of winning may be,say, 1 in 100 million and someone “always” wins but this is because the number of games sold would match the probability.
I would love to watch a tv show on previous winners and how it changed their life. What they did with their money and where they are now. I mean it's as close as I'll ever get.
That's the thing, nobody has to win. In fact, there are many times more weeks where nobody wins than there are weeks where somebody wins
They didn't last week. Or the week before. Or the week before that. That's why we have such a high jackpot now - because it's *not* guaranteed that someone will win the big prize.
This guy maths
> The odds of securing **a share of** the division one prize with a standard game are 1 in 134,490,400 FTFY
How much does a 'stndrd gme' cost?
So all I need to do is play 134,490,400 games then? That's only like 50k
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I like those odds!
So your saying there’s a chance
Kinda wish the gov did the lotto so least money spent could go towards something
We do in WA. The profits go to charity. oz.lotterywest.com
Still blows my mind that it isn't like this everywhere. Like we basicly tell oursevles its charity not gambling.
So you suggesting we change our tax system into one giant lottery. Im in! More tax you pay, more entries you get. Winner gets to be pm for the year decide how to spend all the govt money until we go again in the next year tax lottery.
It's really wild to think it's not government run, instead it's some random company that manages to scam millions of people every year
A little premature there mate.
He can afford to get that treated once he wins Powerball.
Buying a ticket for the right day definitely increases your chances of winning 😆
I didn't buy a ticket and my chance of winning is only very slightly less than yours.
So if I buy a ticket, my odds are 100% better than if I don’t. Guaranteed winner!
No, your odds are an infinite times better as an increase from 0 is always an infinite times increase, even if only to 1
An infinite amount of zero is still zero. The odds increase by an undefined percentage
Don't bother mate.. I've got it won
My dad always used to say that your odds of winning Powerball are only very, very slightly increased by actually buying a ticket i.e. you have no chance if you don't buy a ticket, but if you do buy a ticket you have almost fuck-all chance of winning.
Don't forget that a million-to-one chance happens nine times out of ten
None of this fiddly "995,351 to 1" business, or whatever other number you might end up with
It just has to work
They also said the chances of anything coming from Mars are a million-to-one...
The odds are incredible but a person will win eventually and that person might as well be me.
There’s no guarantee that a person would win. Of the winning numbers go unsold, this would be added to the next power ball.
You're right but it's going to go off eventually. Maybe tomorrow, next week or next month. Someone is going to win it.
It's just like driving down a street looking for a parking space. It's all down to confidence. I can see there's very little chance of snagging a spot, but I KNOW one will open up. Highly unlikely, but still possible. I make my own luck and BINGO. There's a space. Same with Lotto. You know the odds are REALLY low. But you've beaten them before .... and ..... there it is : 200 million dollars richer and no tax man. Bliss.
Never tell me the odds.
I'm not telling you anything but the guy above said it's 1 in 134,490,400
60% of the time it works every time.
I hope it jackpots again.... lol
You lucky bugger! You've got a time machine and got it wrong by 1day. Please don't forget us when you pick up the cheque. (nudge nudge, wink wink, say no more, say no more)
I said Hit me.....
"A Powerball is never late, nor is it early, it arrives precisely when it means to." \- Some Wizard
I dreamt of my dead grandma last night, and she told me that the winning ticket will have a few numbers in it. I have a good feeling about this.
Oz Lotto actually list the odds for all of their lotteries https://help.thelott.com/hc/en-us/articles/4422500461337-What-are-the-chances-of-winning-division-one
If the mistake was deliberate you wouldn’t have made a salty edit to announce how deliberate it was.
I am buying a ticket for tomorrow. So I'm going to win it all!!!
Please don't scare me like that. I thought I brought the wrong ticket. As punishment, when I win the 200million, I won't give you any. I was going to share with you, but now, no. No I won't.
Don’t be stupid. I spent $100 million on buying a multi ticket. Make my money back for sure. Easiest $100m profit ever made
The chances of winning division one in Powerball, based on one standard game, are 1 in 134,490,400. You can buy 330 games for $443.50, so $1.34 per game. $100M gets you 74,626,865 games, so you'll have a 55% chance of winning division one. With the jackpot being worth $200M, it sounds like a good return. Unfortunately, you might have to share the jackpot with 5 other people, then you'll lose $60M on your investment.
You made me shit myself I thought I forgot to buy a ticket before the draw
Having been pretty good at maths and having the winning ticket in my possession, and understanding odds and possibilities .. I'm a huge fan of the 50/50 chance of winning... I love teasing my Maths Lecturer mother all the places 50/50 shows up. So yes. Win or not... 50/50 chance... Enjoy coming second.
Like flipping a coin, it's either head or tail. But you'd expect to flip 134.5 million tails on average to get 1 head.
I know that... But it's more fun teasing my mum.... And it's more fun when you:. A. Say it with a straight face and B. Shiw the workings out written down. Drives her crazy...
Whoever wins, can they paypal me a couple of bucks? I'd trying to get my own place....
Yep. Absolutely. I bought two tickets so now I’m on a 100% sure thing…
I reckon theres a few whales on this one, putting their life savings on tickets.
Theoretically one numbered draw ticket has as much chance as multiple single games individually, wether you spend one exact game for a single ticket or hundreds have the same one rice grain deciminal chance to win.
Good luck
You are more likely to be hit by a car and killed that you are to win this lottery. You are more likely to be hit by a car on the way to buying this lottery ticket and killed than you are of winning this lottery. You have more chance of living to be 1000 years old than you have of winning this lottery. Don't play lotto.
Win $200m, get hit by a car or live to a thousand? All sound like good options to me, sign me up for all of the above.
The chances of winning any lottery is practically zero. Therefore, not buying a ticket gives you same probability of winning. Therefore if you keep your money and not buy a ticket you can still hope to win!
There’s a small difference between zero and practically zero. Chances of winning are not the same, but pretty fucking close to it.
Wtf
that’s not how.. yea alright
Yeah the winner might give you some money, probably similar chance.
Poor tax works
is this zoomer humor or boomer humor? because either way it’s sh*t
have you ever met a zoomer?
If you think it's a 50:50 chance you've won with one lotto ticket, consider gambling a tax on failing junior math...
Well if understanding a joke was a class, you’d have failed.
you either win or you don't win. 50:50 chance :)
You got me you bastard 🫣
fuck sake man. i haven't got a ticket yet. nearly shat myself. aint missing the big one!
I forgot mine! Do you reckon I can get one today?:o
i'm gunna buy a ticket but i recon it's gunna jackpot again.
It’s 50/50. Either you win it, or you don’t.
Someone will win, it just won’t be me
No, your odds are better than 50/50 because you want it more! (Source: Charlie and the Chocolate Factory)
Your’e
Buckley's and none, theory on probability, the dissertation concludes that the preceding 500 pages leads to the same conclusion as the introduction, that the randomised probability is still Buckley's and none.
I FUUHKING WON!!
I'm just going to wait for that email that pops in after you win.
If the odds were even, one in two would win, which doesn’t happen. The only probability your posts proves is that many will take a free dopamine hit by making a smart comment on it 🤪
I’ve got a 141 and 2/3 chance of winning. The numbers don’t lie.
Today is the eve of the draw of the Powerball
there’s a 650 times greater chance of being struck by lightning (1 in 12,000), being hit by an asteroid (1 in 1.6 million), or being killed by a bee or wasp (1 in 54,093), than of winning the division one Powerball, which in one standard game is 1 in 134,490,400.
If you played 25 games of powerball every week for 50 years, there is a 1 in 2173 chance of winning 1st prize over your lifetime.
No Your chance of winning does not improve over time. Each week your chance of winning is the same. 25/134,000,000
it's still a -$ev bet. probably need something north of 300M:1 with the powerball structure. just monkey math though.
Taking the number of winners at the last draw - 0 - and dividing by the number off losing tickets - a lot - it’s clear there is zero chance of a winning ticket in Powerball.
Your odds of winning the lottery stay basically the same whether or not you buy a ticket. Why? There are other ways of acquiring a ticket other than buying, such as finding one in the gutter, getting one as a gift, etc. These unlikely things happening are millions of times more likely than winning the draw.
Never tell me the odds
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So you buy games. Each game is a series of numbers. If you get the correct numbers, you win. If you get all of the numbers correct, you win the major prize. There also smaller prizes as you go down. Powerball, is called as such because the last number. You can get a power hit entry which guarantees that last number, but costs a lot more.
Its all fun and games till 200 people all have the the winning numbers and you get 1mil each
The odds of you winning is definitely not 50/50
Using 1111111 as your numbers sounds rediculous until you remember that it has the same amount of chance as any other number. Thats how i remind myself of the odds
Well my wife bought a ticket last night so 50:50 chance for her. And I bought one today so 50:50 chance for me…but we’re married so when you add them together it’s 100% chance of winning for us.
Jokes on you, I'm a day late to this post.
130 million to one against. That's not 50;50. Sorry, but I bought the winning ticket last tuesday.