Lottery Winner & Bankrupt?!

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

AnimeSpirit · 03-24-2007, 11:24 AM

http://www.powerball.com/powerball/pb_prizes.asp

The odds of winning Powerball are posted here. Those odds are fairly astronomical.

I think they are on the back of the ticket slips you fill out to buy tickets too.

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!

Al Swearengen · 03-26-2007, 11:52 PM

Now that I have JoePole squirmin in the grip o reason, I'll deliver the "coup de grace" to his argument and bring the debate to a timely conclusion! (WARNING:THE WEAK OF STOMACH AND FAINT OF HEART ARE CAUTIONED TO AVERT THEIR GAZE)

If memory serves, Joe, werent you one of the winners in the SBLive Ipod Drawing? Now granted, it didnt cost you anything to enter, and the whole thing was obviously done on a much smaller scale than a state lottery, but there were still enough entrants in the drawing to make the odds of winning suffiently remote enough to render the whole deal an exercise in pure luck, right? And yet, Lo and Behold, YOU WON! Hell, even if it had cost you $1.00 to enter, you still would've come out way ahead, right? Not to mention that your own MOTHER has won more than half a million bucks at a casino, but you think spending a buck or two on a lottery ticket is foolish? Talk about lookin a "gift horse" in the ass! You might want to reconsider...from where Im standin, your luck aint half bad...which is fortunate for you, since you seem to have been shortchanged upstairs. If ya cant be smart, good lookin, or rich, you'd damn sure better be LUCKY. One out of four aint bad, right Joe?

Oops...looks like Joe just got chopped off at the ankles by the "Sword O Logic", wielded by Your's Truly...and "dour pragmatism" wont stop the bleeding! Medic...MEDIC!

03-26-2007, 11:52 PM	#12
Al Swearengen Advanced Member Join Date: Aug 2006 Posts: 849 Rep Power: 269	Now that I have JoePole squirmin in the grip o reason, I'll deliver the "coup de grace" to his argument and bring the debate to a timely conclusion! (WARNING:THE WEAK OF STOMACH AND FAINT OF HEART ARE CAUTIONED TO AVERT THEIR GAZE) If memory serves, Joe, werent you one of the winners in the SBLive Ipod Drawing? Now granted, it didnt cost you anything to enter, and the whole thing was obviously done on a much smaller scale than a state lottery, but there were still enough entrants in the drawing to make the odds of winning suffiently remote enough to render the whole deal an exercise in pure luck, right? And yet, Lo and Behold, YOU WON! Hell, even if it had cost you $1.00 to enter, you still would've come out way ahead, right? Not to mention that your own MOTHER has won more than half a million bucks at a casino, but you think spending a buck or two on a lottery ticket is foolish? Talk about lookin a "gift horse" in the ass! You might want to reconsider...from where Im standin, your luck aint half bad...which is fortunate for you, since you seem to have been shortchanged upstairs. If ya cant be smart, good lookin, or rich, you'd damn sure better be LUCKY. One out of four aint bad, right Joe? Oops...looks like Joe just got chopped off at the ankles by the "Sword O Logic", wielded by Your's Truly...and "dour pragmatism" wont stop the bleeding! Medic...MEDIC! __________________ Molon Labe! Last edited by Al Swearengen; 03-28-2007 at 03:14 AM.

03-23-2007, 11:46 AM	#1
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	#4
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	#6
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

03-24-2007, 11:24 AM	#8
AnimeSpirit SBLive! Veteran Join Date: Dec 2006 Location: Nowhere Age: 43 Posts: 1,659 Rep Power: 284	http://www.powerball.com/powerball/pb_prizes.asp The odds of winning Powerball are posted here. Those odds are fairly astronomical. I think they are on the back of the ticket slips you fill out to buy tickets too.

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?

Currently Active Users Viewing This Thread: 5 (0 members and 5 guests)