Lottery Winner & Bankrupt?!

AnimeSpirit · 03-23-2007, 11:42 AM

Quote:

Originally Posted by joepole

People that play the lottery aren't, by definition, very savvy so why would it be surprising that they don't know how to handle their business?

I agree. People who do not know how to properly manage money are the ones who end up broke and playing the lottery. The ones who win continue managing their money the same way and end up broke again. That's basically how it tends to work.

joepole · 03-23-2007, 11:46 AM

There are exceptions, though. My mom is a relative smart lady who was playing $5 Caribbean Poker at one of the casinos and got a royal flush that paid $130,000. About a year later she got another one for $380,000.

Casinos aren't as bad as lottery tickets, thought, because at least casinos provide entertainment fr your money.

Isaac-Saxxon · 03-23-2007, 11:54 AM

Quote:

Originally Posted by joepole

There are exceptions, though. My mom is a relative smart lady who was playing $5 Caribbean Poker at one of the casinos and got a royal flush that paid $130,000. About a year later she got another one for $380,000.

Casinos aren't as bad as lottery tickets, thought, because at least casinos provide entertainment fr your money.

Joe have you ever purchased a lottery ticket ???

AnimeSpirit · 03-23-2007, 12:26 PM

Quote:

Originally Posted by joepole

There are exceptions, though. My mom is a relative smart lady who was playing $5 Caribbean Poker at one of the casinos and got a royal flush that paid $130,000. About a year later she got another one for $380,000.

Casinos aren't as bad as lottery tickets, thought, because at least casinos provide entertainment fr your money.

That is to say that she is considerably lucky, but that say nothing for her ability to manage money. But yes, there are exceptions. Some people who win the lottery are people who know exactly how to manage money, but were merely down on their luck. Such people shouldn't have much trouble after winning the lottery.

joepole · 03-23-2007, 12:29 PM

The vast majority of lottery tickets are bought by people that shouldn't be buying lottery tickets. It's basically a tax on people that are bad at math.

I have bought lottery tickets before. I didn't win.

AnimeSpirit · 03-23-2007, 12:51 PM

Quote:

Originally Posted by joepole

The vast majority of lottery tickets are bought by people that shouldn't be buying lottery tickets. It's basically a tax on people that are bad at math.

I have bought lottery tickets before. I didn't win.

I don't buy them regularly, but I have before. The chances of winning are, indeed, astronomical, yet people still cling to hope. I guess you can't always blame them.

Neo · 03-23-2007, 01:10 PM

I think I saw an equation get solved between sir IS and Joepole.

A+B= not very wise

Isaac-Saxxon · 03-24-2007, 07:38 AM

Quote:

Originally Posted by Neo

I think I saw an equation get solved between sir IS and Joepole.

A+B= not very wise

Nice avatar. Sure did take you a while to get it right. I take it you and Joe are both very good at higher math

I wounder what the odds are of winning the lottery ? Why would someone good at math play those kind of odds by buying a lottery ticket

Isaac

Isaac-Saxxon · 03-26-2007, 07:32 PM

Quote:

Originally Posted by joepole

The vast majority of lottery tickets are bought by people that shouldn't be buying lottery tickets. It's basically a tax on people that are bad at math.

I have bought lottery tickets before. I didn't win.

Now Al when you win the world as you now know it will never be the same and more like a long vacation. You have put in your time and served your country maybe your number is coming up. I think that joepole is not happy his "tickets" did not pay

Joe you did buy lottery tickets so you are part of the lottery matrix.

Isaac

joepole · 03-26-2007, 10:44 PM

I don't know how to respond. I am genuinely stunned to learn that somebody who thinks the lottery is a good investment is also able to own and operate a computer.

So, just to get this straight, you honestly think spending money on a 1/150M chance to win ~$20M is a smart thing to do?

Al Swearengen · 03-26-2007, 10:58 PM

Quote:

Originally Posted by joepole

I don't know how to respond. I am genuinely stunned to learn that somebody who thinks the lottery is a good investment is also able to own and operate a computer.

So, just to get this straight, you honestly think spending money on a 1/150M chance to win ~$20M is a smart thing to do?

Who said it was a "good investment"? Not I. You originally made the comment that people who play the lottery are lacking in financial savvy, or words to that effect, yes? Now, for the last time (and you question MY ability to own and operate a computer? I'd say your ability to comprehend written english is what's seriously in question here), the answer is YES, I honestly think that spending money on a 1/150M chance to win ~$20M is a smart thing to do, and apparently, Im not alone. Me and 200 million other folks are wrong, but YOU're right? What are the odds of that? You're the math prodigy, you tell me!

03-23-2007, 11:46 AM	#2
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	There are exceptions, though. My mom is a relative smart lady who was playing $5 Caribbean Poker at one of the casinos and got a royal flush that paid $130,000. About a year later she got another one for $380,000. Casinos aren't as bad as lottery tickets, thought, because at least casinos provide entertainment fr your money.

03-23-2007, 12:29 PM	#5
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	The vast majority of lottery tickets are bought by people that shouldn't be buying lottery tickets. It's basically a tax on people that are bad at math. I have bought lottery tickets before. I didn't win.

03-23-2007, 01:10 PM	#7
Neo Advanced Member Join Date: Oct 2006 Posts: 261 Rep Power: 251	I think I saw an equation get solved between sir IS and Joepole. A+B= not very wise

03-26-2007, 10:44 PM	#10
joepole SBLive! Veteran Join Date: Sep 2006 Posts: 1,606 Rep Power: 281	I don't know how to respond. I am genuinely stunned to learn that somebody who thinks the lottery is a good investment is also able to own and operate a computer. So, just to get this straight, you honestly think spending money on a 1/150M chance to win ~$20M is a smart thing to do?

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