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Response to Omaha Steve (Original post)

Wed Nov 28, 2012, 01:16 PM

7. Word of advice to anyone reading...

 

I actually changed a friend's behavior by telling them this, as they never thought about it.

If you are going to buy a lottery ticket, buy only one ticket.

It seems counter-intuitive to some. It feels like, "Hey, if I buy ten tickets, or twenty, then I am ten or twenty times more likely to win!!!"

Yes, this is true. So instead of 1-in-75,000,000 odds of winning, your odds are now 10-in-75,000,000 or 20-in-75,000,000.

They are still infinitesimal.

But to you, and your personal finances, there is probably a huge, huge difference between spending one dollar and spending ten, or twenty dollars.

So if you want to blow a buck, hey, why not? It's the same price as a drink in a restaurant. It helps fund scholarships. Chip in your buck.

But don't go buying dozens of tickets thinking it is helping you. It isn't.

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Replies to this discussion thread
Arrow 43 replies Author Time Post
Omaha Steve Nov 2012 OP
tinrobot Nov 2012 #1
NICO9000 Nov 2012 #2
IDoMath Nov 2012 #5
Thav Nov 2012 #8
KewlKat Nov 2012 #9
sofa king Nov 2012 #12
VWolf Nov 2012 #14
IDoMath Nov 2012 #18
VWolf Nov 2012 #23
coalition_unwilling Nov 2012 #39
W T F Nov 2012 #22
VWolf Nov 2012 #25
IDoMath Nov 2012 #31
coalition_unwilling Nov 2012 #40
W T F Nov 2012 #42
GoCubsGo Nov 2012 #29
coalition_unwilling Nov 2012 #38
Dakota Flint Nov 2012 #32
coalition_unwilling Nov 2012 #37
onehandle Nov 2012 #3
VWolf Nov 2012 #16
loyalkydem Nov 2012 #4
Thav Nov 2012 #6
Debau2005 Nov 2012 #13
LineReply Word of advice to anyone reading...
Atypical Liberal Nov 2012 #7
brooklynite Nov 2012 #11
question everything Nov 2012 #10
Separation Nov 2012 #17
VWolf Nov 2012 #21
question everything Nov 2012 #28
GoCubsGo Nov 2012 #30
RC Nov 2012 #34
ElboRuum Nov 2012 #36
qazplm Nov 2012 #15
Panasonic Nov 2012 #20
Duer 157099 Nov 2012 #24
Atypical Liberal Nov 2012 #26
Duer 157099 Nov 2012 #27
Panasonic Nov 2012 #19
Fuddnik Nov 2012 #33
Dakota Flint Nov 2012 #35
coalition_unwilling Nov 2012 #41
democrat2thecore Nov 2012 #43
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