Author Topic: In defense of lottery tickets  (Read 2507 times)

Hargrove

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Re: In defense of lottery tickets
« Reply #50 on: March 17, 2017, 04:42:32 PM »
Quote
There are people that enjoy watching Let's Plays though...

Absolutely!

The previous poster actually suggested playing a game by putting in a quarter, however. The two examples are not the same videogame-derived entertainment. E-Sport Watching Other People Buy Lottery Tickets is still really, really, really, really, really niche.

prognastat

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Re: In defense of lottery tickets
« Reply #51 on: March 17, 2017, 04:53:32 PM »
Quote
There are people that enjoy watching Let's Plays though...

Absolutely!

The previous poster actually suggested playing a game by putting in a quarter, however. The two examples are not the same videogame-derived entertainment. E-Sport Watching Other People Buy Lottery Tickets is still really, really, really, really, really niche.

I was mostly just playing around with the statement. As for the actual topic I don't partake in the lottery or any game of pure chance since it holds no interest even for entertainment purposes. I do have problems with people partaking in the lottery for the sake of entertainment, I do however have a problem with many lottery systems that seem to be a lazy way to tax poor ignorant people that often invest far more in to the lottery than necessary for entertainment and sometimes more than they can afford.

Hargrove

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Re: In defense of lottery tickets
« Reply #52 on: March 17, 2017, 05:12:47 PM »
I was mostly just playing around with the statement. As for the actual topic I don't partake in the lottery or any game of pure chance since it holds no interest even for entertainment purposes. I do have problems with people partaking in the lottery for the sake of entertainment, I do however have a problem with many lottery systems that seem to be a lazy way to tax poor ignorant people that often invest far more in to the lottery than necessary for entertainment and sometimes more than they can afford.

Also agree. Punishing ignorance is no substitute for better teaching (though the two aren't always mutually exclusive).

And we basically don't teach finance at all.

There is no mandatory HS senior AND college senior class everyone should have to take quite like Finance 101. Or Sex Ed 101.

Spork

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Re: In defense of lottery tickets
« Reply #53 on: March 17, 2017, 05:18:10 PM »
There is no mandatory HS senior AND college senior class everyone should have to take quite like Finance 101. Or Sex Ed 101.

We had a local city requirement for a Finance 101 when I was in high school.  Unfortunately it had to be designed as a "make sure everyone passes" class.  It was terrible.  Worse than terrible.  In retrospect it seems like it was such a fundamentally good idea.  In practice it was something akin to a 4th grade math class.
Some will sell their dreams for small desires
Or lose the race to rats
Get caught in ticking traps
And start to dream of somewhere
To relax their restless flight

exterous

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Re: In defense of lottery tickets
« Reply #54 on: March 20, 2017, 02:10:27 PM »
I buy tickets in the office pools when the big jackpots show up. That's mostly insurance though - nobody wants to be the only person to show up at the office if the pool actually wins.

That is exactly why I've always played office pools. At my last company about 2/3 of the company took part - including the all the scientists\patent holders\lead engineers. Some incredibly specialized talent so there was zero doubt in my mind that if the office pool had won the company would have been out of business in months

Rosy

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Re: In defense of lottery tickets
« Reply #55 on: March 21, 2017, 01:54:54 PM »
The things you learn on MMM :) ...

QUOTE: If you want to increase your odds (and they'll still suck) buy multiple, overlapping tickets.  For example, if you need to pick 6:
* 1, 2, 3, 4, 5, 6
* 2, 3, 4, 5, 6, 7
* 3, 4, 5, 6, 7, 8
etcetera

This means if prizes are handed out for matching 3, 4, 5.... you'll multiple matches of 3, 4, 5.  You are still "just as likely" to win the big pot and much more likely to win multiple small pots.

This is also counter intuitive to everyone that plays.  They'll want 10 numbers that are all vastly different instead of 10 numbers that overlap
END OF QUOTE

It's fun to imagine - what if??!:) I buy them off and on, usually when things aren't going so well and always a few during the holidays and New Year.
Maybe total investment of $30 to $50max a year.

Reynold

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Re: In defense of lottery tickets
« Reply #56 on: March 21, 2017, 02:55:11 PM »
You offered a videogame (arcade game). Why do you need to play it? Stand near the machine and watch while someone else plays it!

It's a little different if you are involved yourself...

I actually did this (stand nearby and watch) when I was in college, because if I put money in, I'd get to see about 2 minutes worth of play, if I watched someone good I got to see much further into the game, more levels and such. 

I've played only the 3-4 times there was a big office pool, both to avoid the "don't want to be the only one left coming into work" chance and because I got to participate in the discussions with everyone else about what they would do with the money. 

Slee_Stacks suggestion of pretending you found a ticket on the ground reminded me of a comic (Dogbert in the Dilbert strip maybe?) where someone was selling losing tickets for half price the day AFTER a drawing, "Only 1 in 200 million lower chance of winning!"  :)