January 8th, 2016 at 2:27 PM ^

why buy more than one?  Your EV doesn't change in any meaningful way from 1 to 10 tickets so you are really just throwing away more money.  At the odds of winning the lottery you either play or you don't, buying 10 tickets compared to 1 is making no meaningful difference and your odds and makes it less likely to recoup anything for just getting a couple numbers right.


January 8th, 2016 at 2:38 PM ^

My advice is to not play the lottery since you have a better chance of flushing your money down the toilet leading to a clog which leads you to discovering you have buried treasure under your house than you do of winning it (obviously /s).  Seriously, if WD put the $16 he spent in an ally savings account and accrued interest at 1% it would be 1,0000% times the investment in the lottery.  Lol at saying the roi of buying multiple tickets is worth it.  Going from a 1 292 million chance to an 8 in 292 million chance does nothing for your expected outcome and costs you an additional $14.  Donate that money to charity if you are so willing to just give it up.


January 8th, 2016 at 2:48 PM ^

If $1 makes or breaks you, then yah, don't play.


If $1 is mostly irrelevant to you,then the ROI from winning the lottery (aka permanent financial freedom)  is probably worth buying 1 ticket. 


But I agree, buying anything more than 1 ticket is a total waste of money, because you are essentially dividing by infinity.  Your chances of winning are going up, but they are still so ridiculously small that you really haven't gained anything, you've just thrown your money away. 

The biggest increase in odds you can gain is that first dollar, because your odds of winning went from 0 to >0, and that is a INFINITELY large jump.  Every jump beyond that is ridiculously small, unless you were to buy thousands and thousands of tickets. 



January 8th, 2016 at 3:05 PM ^

Nobody has to win, but someone is going to.  Literally every jackpot in the history of the game has been won by someone eventually, except for the current one, so the pattern is not likely to break.  And that someone won't be you unless you play.

From a pure ROI standpoint it is stupid to play any kind of gambling game, but some people walk out of the casino winners anyway.


January 8th, 2016 at 3:20 PM ^

Sure it will be won at some point but I didn't originally post to say don't play, I'm going to buy a ticket because I have a pretty good job and $2 to spare.  I'm arguing buying multiple tickets is stupid.  Once you are in the game you get the thrill of those seconds until your ticket busts.  Having 10 tickets isn't going to change that but it will cost you extra money.

rob f

January 8th, 2016 at 5:43 PM ^

shit, Jamie, I'm screwed.  You see, I bought one ticket yesterday and on impulse, bought another today.

Do you or anyone else know someone who is willing to take that 2nd ticket off my hands?  Though it's totally worthless to me, to someone who doesn't yet have a ticket it might be their ticket to a life of foolhardiness and debauchery. 

Any takers?



January 8th, 2016 at 2:58 PM ^

What a lol terrible way to view your money. You got a trust fund I don't know about.  Seriously you are what 18 years old? take the $10 you are throwing away and save it.  $10 bucks a month will be over $1,000 in a year, buy yourself something nice or put it in a savings account.  At least when you throw away money on sports you get a few hours of enjoyment rather than approximately 35 seconds.


January 8th, 2016 at 3:51 PM ^

$10 a month is over $100.  I picked $10 since that is about the diffenence in cost from buying 1 ticket compared to the 8 WD got. I guess I could have typed $10 a month will get you $120 if it makes you feel better.


January 8th, 2016 at 2:47 PM ^

The lottory is played for entertainment the same way reading this site is entertainment. If someone feels that entertainment is worth 16 dollars instead of 2 more power. Just like some people feel this site is worth donating to and other don't.