So if I took $500,000 cash & immediately put it

[Denny]

No shit, why do you think I posted that I like the odds of that happening (having 500,000 unique combinations)?

LMAO!!!

Why do I have the feeling that some people are actually thinking the OP might be on to something? Nuts!

[slow99]

LMAO!!!

Why do I have the feeling that some people are actually thinking the OP might be on to something? Nuts!

It's not? Fuck!! Guess I'll go to work tomorrow.

[Nash B.]

LMAO!!!

Why do I have the feeling that some people are actually thinking the OP might be on to something? Nuts!

I had this idea back in high school before I was gambling age, but, to my surprise, it turned out that it required some obscenely high jackpot to break even. Who would've thought that you could lose money on the lottery?

[Denny]

Don't get me wrong, if I had $500K in disposable cash, one of the first things I'd do is hit up the RaceTrac and unload it on the lotto.

I'd just like to hear other people's opinions on how they can increase their wealth with a measly half-mill.

[slow99]

I had this idea back in high school before I was gambling age, but, to my surprise, it turned out that it required some obscenely high jackpot to break even. Who would've thought that you could lose money on the lottery?

You guys really know how to kick someone in the nuts.

[slow99]

Don't get me wrong, if I had $500K in disposable cash, one of the first things I'd do is hit up the RaceTrac and unload it on the lotto.

I'd just like to hear other people's opinions on how they can increase their wealth with a measly half-mill.

I have to admit, I understand the odds but I still buy a lotto ticket every now and then. I'd just have to accept getting paid in Cali IOUs if I won.

[Denny]

I have to admit, I understand the odds but I still buy a lotto ticket every now and then.

Buying a ticket on occasion and playing the odds is different than trying to beat the odds by unloading a dumptruck of cash into it. With odds like those, buying one ticket is pretty much just as effective as buying 100. Mathematically, yes, but in reality... pffft.

I know you know, but people like the OP need to just be a little smarter with their $500K.

[jdgregory84]

Outlook not so good

[War Machine]

Im counting on hitting the lottery as my retirement.

[Vertnut]

Im counting on hitting the lottery as my retirement.

My odds of seeing my Social Security checks are about the same, so I'm in the same boat! LOL!

[BERNIE MOSFET]

No shit, why do you think I posted that I like the odds of that happening (having 500,000 unique combinations)?

I thought you might have been applying a little sarcasm.

[Cooter]

you gotta be in it to win it!

your odds of winning are exponentially higher if you buy one ticket than if you buy zero tickets...

however, your odds of winning aren't really that much higher if you buy a thousand tickets than if you buy one ticket

[Ruffdaddy]

54!/(6!48!) = 25,827,165, which is the number of unique combinations available when selecting 6 numbers from a lot of 54.

I'm not convinced that randomly selecting 6 numbers 500,000 times will produce a significant number of duplicates. The probability of selecting the same set of numbers twice is the same as winning the lottery.

Only if you're going in a sequential order of some sort. Do you know the coding that dictates what quick pick values you get? I sure as he'll don't, and I would know you have alot more variable to consider when looking at duplicate numbers versus lotto odds.

[TexasDevilDog]

Tax on poor people.

Even if you win, 90% of the people are broken in a year. So you still lose.

[RWhite]

Didn't some Australians do that a couple years back... Spend enough money to buy one ticket of every possible combination?

Look on Wikapedia.

http://en.wikipedia.org/wiki/National_Lottery_(Ireland)

They discuss a group that did this.

"A 28-member Dublin-based syndicate, organized and headed by Polish-Irish businessman Stefan Klincewicz, had spent six months preparing by marking combinations on almost a quarter of a million paper playslips. In the days before the drawing they tried to buy up all possible combinations and thus win all possible prizes, including the jackpot."