Lotto & I

uncle Alan

uncle Alan

Joined
Jul 11, 2004
Messages
1,830
I've got a handle on Florida's lotto . I buy/ have at least 21 scratch-offs. It appears that in that spread you'll get at least one $10 & a 5 & several $1's.Yesterday I turned in $21 worth of winners & now have $35 worth.
This system has been working for several months. I cash in all but $19 & roll over the rest

Do you play ? Any success ? Try my method a few times & let me know please.

Uncle [ slightly feverish] Alan
 
You "invest" in 21 tickets; that's $21. And your return is $10+5+1+1+1; that's $18. Your return-on-investment is... about -15%.

I tell you what: I'll do better for you than the state. You send me $21 (cash, of course) and I will send you back $16. That's almost -24%!
 
If you like doing it for fun and can afford to lose the money, I guess its okay, but scratch off tickets are calculated to turn a profit for the state.

My friend Tim has a "foolproof" way to win at roullette. I asked him how much he had won and he said actually he's busted every time he's played, but insisted that his theory was sound. He said he just needed a bigger bankroll!
 
scratch-offs are for profit BUT enough winners are allowed to keep them returning. It's like mining; I have found the seam of ore & am in the blue clay. I get just enough to give me the winning edge.
\ When I lose a few times I'll quit but my streak is continuing.

Uncle Alan
 
The Lotto is for people who don't have a good understanding of odds.

When Calif started the the scratch-offs in the mid 80s, a bunch of people at Raytheon pooled their funds and bought 500 tickets. They scratched them and won $230. They bought
230 tickets and won $74. The bought 74 tickets and won $32. They bought 32 tickets and won $0. Good investment. :rolleyes:

When Calif. started the Lottery a friend wrote a program that would generate 1,000,000 lines of 6 numbers 1 to 50. He played every week for over 20 years and never
hit all 6 numbers.
 
Never played the lottery. Bet the ponies twice at Oaklawn. Broke even once, doubled my money the second time. Went to casinos twice and played the slots. Broke even once and came out ahead once. That was fun. Down and done.
 
I have only ever bought two lottery tickets.

When the jackpot gets really huge, I bought a ticket (couple years apart).

Then, for a little while I can play "if I won the lottery". Entertainment only.
 
I had a neighbor who was @ a 7-11 buying coffee. Guy in front of him bought some scratchers but underestimated his cash on hand and had to turn a couple of the

tickets.My neighbor took them since they were already torn off the roll. He hit for 20K! At least he rubbed them off when he got home and not on the spot in

front of the poor schlep who made the choice of which tickets to keep and which to turn down.

Winners do happen,I'm not one of them, so ,no,I generally stay away from all gambling.
 
In terms of return-on-investment, I'm the Oregon lottery's biggest winner.

I have invested nothing, never bought a single ticket. I've had a few given to me and they have all been losers. BUT, every now and then, when I'm at Clancy's (local bar I frequent (good food)), someone will win a "big" jackpot and buy a round for the house. I've enjoyed six or eight drinks this way. So, no investment, but six or eight cocktails in return? That's a great ROI.

Several years ago, I was enjoying my breakfast at Clancy's (and maybe some vodka accidentally fell into the orange juice -- wink, wink) when some poor slob stumbled out of the video poker room and took the barstool beside me. He announced to the barkeeper that he had lost his entire paycheck. He had come in to try and win enough money to pay his rent and now he was doomed to be evicted from his shabby apartment and had no money at all. The barkeeper was setting up a comp beer for him when suppose I whispered under my breath something about "tax on stupidity." And he and I came within a split-second of a fist-fight when suddenly the music played. It's the music that plays in the whole bar when someone hits the maximum win in video poker ($3000, as I recall). I love that music because it means the winner traditionally buys a round for the house (maybe ten or fifteen of us at the time). My would-be pugilistic opponent (I suspect that "victim" would have been the outcome) lost interst in me as the winner emerged to cheers. "What machine?", he asked.

"Second one from the right."

"That was my machine!"

Fortunately, the guy ended up just sobbing in his beer. In lieu of the traditional round-for-the-house, the winner gave the poor guy $400 for his rent. At my suggestion, that payment was in the form of a check payable to the landlord.
 
I don't buy lottery tickets, for my own personal reasons. But someone explain something to me. When he pot builds up to an extremely large amount, people come out of the woodwork buying lottery tickets. Around here people who do not normally buy them will make a special trip to Georgia to buy tickets. So does the thought process go something like this?

"It isn't worth driving 100 miles for a chance to win a measly 10 million or so, but for 60 million I'll make the trip.":confused:
 
yeah, i think thats exactly the thought process.
used to know a guy who would only play the lottery when the pot was over 150 million or something like that. he knew there was virtually no chance of winning regardless but figured paying a small fee for virtually no chance of winning 200 million dollars was better than paying a small fee for virtually no chance of winning 5 million.
i suppose waiting until the prize was hundreds of millions of dollars was a check to keep him from blowing too much money. though admittedly he didnt drive a hundred miles to buy a ticket.
 
I'll be honest. I spend $10.00 per week buying lottery tickets for megabucks and powerball. Other than drinking beer, its my only vice.

Why do I do it? So I can dream about hitting a lottery, that's why. A few dollars for a few minutes of hope, even if false, is not necessarily a bad thing.
 
MikeH said:
"It isn't worth driving 100 miles for a chance to win a measly 10 million or so, but for 60 million I'll make the trip.":confused:
Click to expand...

This is the thinking, yes.. But what they forget is that everyone else is thinking that way too. Your odds are higher when the jackpot is lower. But, your odds are never very good.
 
Shann said:
I'll be honest. I spend $10.00 per week buying lottery tickets for megabucks and powerball. Other than drinking beer, its my only vice.

Why do I do it? So I can dream about hitting a lottery, that's why. A few dollars for a few minutes of hope, even if false, is not necessarily a bad thing.
Click to expand...

I think that makes a lot of sense -- dreams are worth some money -- but do your dreams really require $10 a week to maintain them? What if you only bought one ticket a week -- couldn't you dream just as well on that? How about one a month? Or one a year?
 
$10/week is over $500 per year. And that'll get you not just a dream but a very nice reality of a beautiful custom knife.
 
Gollnick said:
$10/week is over $500 per year. And that'll get you not just a dream but a very nice reality of a beautiful custom knife.
Click to expand...

Everybody makes their own choices. I've got dozens of knives. I don't think someone is foolish because they buy another knife. I just make my choice elsewhere.
 
Pardon my poor grammar, but "There ain't no easy money." My father in law has played the same "pick 6" style lotto numbers for over 30 years, and he's never won anywhere near what he's paid for draws. I played twice a week for about three years, and lost more than I won. And these were 2 dollar powerball powerplay tickets which I bought 2 of per week, so it was only costing me $4.00 a week to play. At first, I thought it was fun because I had the ability to say "if I win the lottery, I'll do............." You do at least have to buy a ticket to even have that dream. But I eventually felt punked. Then I got angry with myself for the couple hundered dollars I had blown with nothing to show for it. At about the same time I was considering never buying another lottery ticket, the price of a powerball powerplay ticket went from 2 dollars to 3 dollars and that was it for me. I was through. I quit buying tickets. Six dollars a week does not sound like much, but that's still 312 bucks a year, and at my age I could easily live another 30 years, which would equal $9,360.00. I just bought a brand new motorcycle with 0% financing that cost less than 9 grand that and gets 42 mpg even when I flog it and recently got 50 mpg when I took a long 350 mile interstate trip running at 70mph or more for most of that trip. (Please, no comments on how dangerous motorcycles are. I've had too many friends die while driving a car or truck.) My father in law has not won in 30 years, so it gives me little hope of winning. Sure, I'll blow the money on something else: knives, guns, flashlights, bike payments, old Zippo lighters and what not. But in those instances I'm buying a physical item that I can resale for part of what I originally paid, and sometimes more than I paid if I stumble up on a deal at a flea market or pawn shop. You can't sell a losing lotto ticket. You could line a bird cage with them or wallpaper a room. Maybe use them as firestarting material. A midget could possibly wipe his butt with them. But I'm through paying money to be a looser. I can be that for free, thank you.
 
Last edited:
You must log in or register to reply here.
Back
Top