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Cryoma
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 Posted: Sun Jan 10, 2016 3:19 am Post subject: |
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the odds are static, the payouts are self-balancing considering more players = more winners to share with
it's simple
doesn't much matter what the payouts are though because no matter what's going on you always have the same chance of getting more money than you need for your entire life, whether it's 50m or 1b
if any of you win, always always take the annuity payments, not only do you get more but it's easier to manage and harder to fuck up
for example imagine if no matter what you did you were destined to lose all your money a year after winning the lotto
if you take the annuity you lose a relatively small amount and just have to go a short while before getting shitloads more money handed to you
plus there's just no reason or need to take the lump sum unless you have very specific plans to invest it
but that's unlikely
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br0l0ck
Cheater
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| Posted: Sun Jan 10, 2016 3:21 am Post subject: |
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| Cryoma wrote: | the odds are static, the payouts are self-balancing considering more players = more winners to share with
it's simple
doesn't much matter what the payouts are though because no matter what's going on you always have the same chance of getting more money than you need for your entire life, whether it's 50m or 1b
if any of you win, always always take the annuity payments, not only do you get more but it's easier to manage and harder to fuck up
for example imagine if no matter what you did you were destined to lose all your money a year after winning the lotto
if you take the annuity you lose a relatively small amount and just have to go a short while before getting shitloads more money handed to you
plus there's just no reason or need to take the lump sum unless you have very specific plans to invest it
but that's unlikely |
INVEST IT ALL INTO BITCOIN
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Negima
I post too much
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| Posted: Sun Jan 10, 2016 9:16 am Post subject: |
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| LOL NOBODY WON
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Antagonist
Cheater
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Joined: 24 Nov 2009
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Location: California
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| Posted: Wed Jan 13, 2016 8:12 pm Post subject: |
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| Cryoma wrote: | the odds are static, the payouts are self-balancing considering more players = more winners to share with
it's simple
doesn't much matter what the payouts are though because no matter what's going on you always have the same chance of getting more money than you need for your entire life, whether it's 50m or 1b
if any of you win, always always take the annuity payments, not only do you get more but it's easier to manage and harder to fuck up
for example imagine if no matter what you did you were destined to lose all your money a year after winning the lotto
if you take the annuity you lose a relatively small amount and just have to go a short while before getting shitloads more money handed to you
plus there's just no reason or need to take the lump sum unless you have very specific plans to invest it
but that's unlikely |
No you take cash. Taking annuity, you're asking the state to stay solvent for 30 years. Imagine asking Detroit to pay you that much for 30 years. Too much credit risk. An average person doesnt necessarily need to invest in anything. They'll have more money than they can spend. They'll probably still have a few hundred million left after they die. But I guess if average person is worried they should buy low risk investment such as gov bonds. They'll receive about 130k a month.
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| tough guy talix wrote: | | i've had it with your shit. fuck outta here |
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HitIer
How do I cheat?
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Location: Location Location Location
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| Posted: Wed Jan 13, 2016 8:17 pm Post subject: |
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Human beings are such interesting aliens. They will pool their wealth together at low odds in an attempt to win, but will not pool their wealth together elsewhere (boycotts, protests, etc)
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With self driving cars, CE can work in real life
| t328163 wrote: | | Your username derives from the fact that this site cannot format special characters lol. |
| t328163 wrote: |
lmfao, on reddit i'd get banned |
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AverageAzn247
Grandmaster Cheater
 Reputation: 34
Joined: 01 Oct 2007
Posts: 909
Location: Austin,TX with 72 virgins
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| Posted: Wed Jan 13, 2016 9:05 pm Post subject: |
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| Antagonist wrote: | | Cryoma wrote: | the odds are static, the payouts are self-balancing considering more players = more winners to share with
it's simple
doesn't much matter what the payouts are though because no matter what's going on you always have the same chance of getting more money than you need for your entire life, whether it's 50m or 1b
if any of you win, always always take the annuity payments, not only do you get more but it's easier to manage and harder to fuck up
for example imagine if no matter what you did you were destined to lose all your money a year after winning the lotto
if you take the annuity you lose a relatively small amount and just have to go a short while before getting shitloads more money handed to you
plus there's just no reason or need to take the lump sum unless you have very specific plans to invest it
but that's unlikely |
No you take cash. Taking annuity, you're asking the state to stay solvent for 30 years. Imagine asking Detroit to pay you that much for 30 years. Too much credit risk. An average person doesnt necessarily need to invest in anything. They'll have more money than they can spend. They'll probably still have a few hundred million left after they die. But I guess if average person is worried they should buy low risk investment such as gov bonds. They'll receive about 130k a month. |
hes right. Also that assumes you live for 30 years. You never know with the death rates of lottery winners
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| Waxxup wrote: | What are Night Elves?
A girl group? |
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BreakinGods
How do I cheat?
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Joined: 13 Jan 2013
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| Posted: Wed Jan 13, 2016 9:11 pm Post subject: |
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Try #2 tonight, get your tickets guys I got 6 this time because I got 5 and had some change left over later in the day. No one else in my fam is playing, and if someone wins tonight I'm going to abstain until it reaches 500m+ again. Good luck folks.
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AverageAzn247
Grandmaster Cheater
Reputation: 34
Joined: 01 Oct 2007
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Location: Austin,TX with 72 virgins
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| Posted: Thu Jan 14, 2016 12:10 am Post subject: |
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sweet i won -2 dollars. Great waste of munie
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| Waxxup wrote: | What are Night Elves?
A girl group? |
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BreakinGods
How do I cheat?
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| Posted: Thu Jan 14, 2016 1:17 am Post subject: |
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| AverageAzn247 wrote: | | sweet i won -2 dollars. Great waste of munie |
I lost 12$ lol, but it was something to look forward to that provided some thrills. Hopefully I'll win the next one.
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Cryoma
Member of the Year
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| Posted: Fri Jan 15, 2016 1:42 am Post subject: |
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| Antagonist wrote: | | Taking annuity, you're asking the state to stay solvent for 30 years. Imagine asking Detroit to pay you that much for 30 years. Too much credit risk. An average person doesnt necessarily need to invest in anything. They'll have more money than they can spend. They'll probably still have a few hundred million left after they die. But I guess if average person is worried they should buy low risk investment such as gov bonds. They'll receive about 130k a month. |
The states have been around for over 200 years and no annuity winners have been shorted money so far.
I'm not saying it can't happen, but you are literally more likely to die or lose all your money somehow than have the state decline to pay you your winnings.
It shouldn't be a factor in your decision.
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HackOtaku
I posted the 500000th topic
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Joined: 31 May 2007
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| Posted: Fri Jan 15, 2016 10:15 am Post subject: |
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| Cryoma wrote: | | Antagonist wrote: | | Taking annuity, you're asking the state to stay solvent for 30 years. Imagine asking Detroit to pay you that much for 30 years. Too much credit risk. An average person doesnt necessarily need to invest in anything. They'll have more money than they can spend. They'll probably still have a few hundred million left after they die. But I guess if average person is worried they should buy low risk investment such as gov bonds. They'll receive about 130k a month. |
The states have been around for over 200 years and no annuity winners have been shorted money so far.
I'm not saying it can't happen, but you are literally more likely to die or lose all your money somehow than have the state decline to pay you your winnings.
It shouldn't be a factor in your decision. |
Illinois stopped paying out lottery winnings for a brief stint because we are poor as a state.
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br0l0ck
Cheater
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| Posted: Fri Jan 15, 2016 6:55 pm Post subject: |
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| my city doesn't have lottery
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deleted19776
I post too much
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| Posted: Fri Jan 15, 2016 7:16 pm Post subject: |
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| Brolock wrote: | | my city doesn't have lottery |
Good don't play it. Odds are against you if you can think with your logical brain.
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HackOtaku
I posted the 500000th topic
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| Posted: Fri Jan 15, 2016 8:19 pm Post subject: |
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| Waxxup wrote: | | Brolock wrote: | | my city doesn't have lottery |
Good don't play it. Odds are against you if you can think with your logical brain. |
Are the odds any better if I can't?
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deleted19776
I post too much
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| Posted: Fri Jan 15, 2016 9:27 pm Post subject: |
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| HackOtaku wrote: | | Waxxup wrote: | | Brolock wrote: | | my city doesn't have lottery |
Good don't play it. Odds are against you if you can think with your logical brain. |
Are the odds any better if I can't? |
You know what I meant, don't be a wise guy.
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