Well, I didn't win Powerball 2016-07

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StevieT

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#198461 10-Jul-2016 05:09

I cannot check my ticket until 6.30am, which is when MyLotto allows people to log in. But I can safely say I did not win Powerball division 2, or Lotto 1st division. Perhaps a minor prize?

Those who purchased tickets, any luck?

And I do wonder if that person who spent $10,000 on tickets won anything!

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#1589053 10-Jul-2016 06:25

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

reven

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#1589057 10-Jul-2016 08:05

I only ever get a ticket when its huge, like I suspect a lot of people. I know theres close to zero chance of me actually winning, but spending $14 every couple of years on lotto is a bit of fun and no harm.

sadly I did not win either.

my parents are locked in since they have been playing the same numbers since it started, they cannot stop now.

Fred99

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#1589058 10-Jul-2016 08:12

When gambling is at the "problem" level then I don't think knowing the odds makes an iota of difference.

It also pays to note that the gambling organisations obfuscate reality by calling gambling other names "gaming" and with the format, choosing your "own" numbers etc rather than the old raffle ticket format like the old "golden kiwi" tickets etc.

I know the odds - but bought a ticket anyway - paid for using some loose change. I despise gambling in general. The Akl Casino has ruined a close family member's life. Some people strongly disagree with me - that it's "freedom of choice" and "personal responsibility". Having seen someone close to me decay into despair once they got their hooks in to her, they're really no better than methamphetamine dealers, preying on the same reward response mechanisms in the brain too. We are not machines.

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#1589063 10-Jul-2016 09:00

Lotto got an astounding amount of free advertising for this draw, including mainstream prime-time news broadcasts, at least a week in advance.

No wonder we have so many problem gamblers.

I wasn't very good at maths at school, but I do know that a one in 25 million chance = impossible.

So I wasn't tempted to buy a ticket.

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#1589065 10-Jul-2016 09:09

What's sad is the number of charities in this country who only seem to survive on other people's vices, namely the proceeds of gambling.

That said, I did waste $9.60 on one ticket and got nothing for it. The missus won $80 on her ticket(s).

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#1589066 10-Jul-2016 09:14

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

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Rikkitic

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#1589067 10-Jul-2016 09:19

Also bought a ticket, also rarely do, also didn't win. The thing about the odds is that they are just as unlikely for the one who does win, yet someone does. That keeps it alive.

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#1589068 10-Jul-2016 09:20

joker97:

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

very true. Warranty as well.

The difference is you can decide that you cant or don't want to afford a loss in a house fire or car accident. Peace of mind. But gambling means that if you lose a bet you lose. if you win the bet, you bet again, until you lose. For the vast majority of gamblers there is only one outcome, unlike insurance.

Gambling SHOULD be just entertainment. Horse racing, they often call it your investment.

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#1589070 10-Jul-2016 09:23

Rikkitic:

Also bought a ticket, also rarely do, also didn't win. The thing about the odds is that they are just as unlikely for the one who does win, yet someone does. That keeps it alive.

We bought a bunch of tickets. One off. If we won the big prize it costs me $4500 a day if I don't check them! Crazy stuff. But entertainment. The unfortunate thing is I envisage many kids went light on food this week as the financially challenged wagered up on Lotto.

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#1589071 10-Jul-2016 09:24

tdgeek:

joker97:

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

very true. Warranty as well.

The difference is you can decide that you cant or don't want to afford a loss in a house fire or car accident. Peace of mind. But gambling means that if you lose a bet you lose. if you win the bet, you bet again, until you lose. For the vast majority of gamblers there is only one outcome, unlike insurance.

Gambling SHOULD be just entertainment. Horse racing, they often call it your investment.

Nope. Insurance is a form of repeated gambling.

You place a bet of say $100 every month that - if you get sick SX will pay you $100,000. if you get robbed in Thailand, SCTI will pay you $10,000. if you house catch fire AMI will pay you $1.2mil, if you die Sovereign will pay you $250,000, and so on.

SX, SCTI, AMI, Sovereign etc are all saying no you won't. Repeatedly. And gladly take your money.

ripdog

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#1589072 10-Jul-2016 09:25

joker97:
ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

What a silly simile. I get protection from the unexpected from my insurance.what do you get from your lotto ticket? A tiny bit of toilet paper and a lighter wallet?

And if the chances of winning lotto were anything in the same universe as the chances of me having a traffic accident this month, buying a ticket would be worthwhile.

Like I said, stats education. Odds are hard for humans to understand.

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#1589073 10-Jul-2016 09:28

ripdog:
joker97:

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

What a silly simile. I get protection from the unexpected from my insurance.what do you get from your lotto ticket? A tiny bit of toilet paper and a lighter wallet?

And if the chances of winning lotto were anything in the same universe as the chances of me having a traffic accident this month, buying a ticket would be worthwhile.

Like I said, stats education. Odds are hard for humans to understand.

Odds huh

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#1589074 10-Jul-2016 09:31

joker97:

tdgeek:

joker97:

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

very true. Warranty as well.

The difference is you can decide that you cant or don't want to afford a loss in a house fire or car accident. Peace of mind. But gambling means that if you lose a bet you lose. if you win the bet, you bet again, until you lose. For the vast majority of gamblers there is only one outcome, unlike insurance.

Gambling SHOULD be just entertainment. Horse racing, they often call it your investment.

Nope. Insurance is a form of repeated gambling.

You place a bet of say $100 every month that - if you get sick SX will pay you $100,000. if you get robbed in Thailand, SCTI will pay you $10,000. if you house catch fire AMI will pay you $1.2mil, if you die Sovereign will pay you $250,000, and so on.

SX, SCTI, AMI, Sovereign etc are all saying no you won't. Repeatedly. And gladly take your money.

We can afford $10 each way on a horse. $100 at the casino to throw into machines. $100 into an insurance premium. How many can afford to rebuild their burnt home tomorrow with cash, or replace the written off 18 month old car with cash tomorrow? Most gambling "wins" are minor. No one expects to win $10000 on a longshot gamble, but they arent down $10000 if it loses, as is the case with an insurance claim.

I do hear what you are saying, but one of these transactions insures against a real loss, the other doesn't

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#1589075 10-Jul-2016 09:35

ripdog:
joker97:

ripdog:

I really wish statistics classes were mandatory in high school... Gambling would be dead in a generation.

Was wondering if you buy insurance - that's also gambling on statistics.

What a silly simile. I get protection from the unexpected from my insurance.what do you get from your lotto ticket? A tiny bit of toilet paper and a lighter wallet?

And if the chances of winning lotto were anything in the same universe as the chances of me having a traffic accident this month, buying a ticket would be worthwhile.

Like I said, stats education. Odds are hard for humans to understand.

Jokers simile is wrong, but its not that wrong. There is a definite similarity. Where I work, we self insure vehicles. In that respect we gamble that our costs will be less long term that the premiums. But going back to my posts here, for most punters, pun intended, there is no positive outcome, unlike insurance where there definitely is

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#1589076 10-Jul-2016 09:35

tdgeek:

I do hear what you are saying, but one of these transactions insures against a real loss, the other doesn't

Isn't that the definition of insurance? I thought we were talking about gambling. What's the definition of gambling?

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