(Topic ID: 227697)

Lotto 1.6 billion, Buy Now!

By Azmodeus

5 years ago


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  • 16 posts
  • 11 Pinsiders participating
  • Latest reply 5 years ago by underlord
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    #13 5 years ago
    Quoted from PinMonk:

    Your math was way off. Even at only 2% interest, you'd have over $40k, but if you put it in stocks and averaged 10% annually (highs and lows are smoothed out over time to about that), you'd have well over $400k after 35+ years.
    And your odds of winning don't change like that. There's one winning combination, so you have a 1 in 300+ million chance of holding a winning ticket. The only odds that change are your likelihood of splitting it with yourself or another person because with more tickets the chance of duplicates goes up. That's why watching Mayweather blow $2000 on lottery tickets was just a SMH moment...

    if you're putting in $10 a week for 39 years, at 2% annual interest, you do not get to $40k. At 10% annual interest you'd be around $230k. and if you buy $2000 worth of unique tickets you do improve your chances of winning...

    Quoted from Atari_Daze:

    So if one could play all 300,000,000 options... WINNER

    if you were the sole winner you'd come out ahead... by probably 200M, but if you have to split with even one other winner you'd be in the hole...almost as much

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