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Mad Scientist
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  Reply # 1589078 10-Jul-2016 09:39
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Anyway, what I'm trying to get at is, in life, unless you are an overconfident lawyer, nothing is black and white. 


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  Reply # 1589079 10-Jul-2016 09:44
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Sideface:

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


This sentence made me smile.

BDFL - Memuneh
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  Reply # 1589080 10-Jul-2016 09:47
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Sideface:I wasn't very good at maths at school, but I do know that a one in 25 million chance = impossible.

 

 

Impossible and yet three people walked away with $13 million.

 

You folks...





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  Reply # 1589091 10-Jul-2016 10:23
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freitasm: Impossible and yet three people walked away with $13 million.

Technically*, they won prizes at Division 2 level, where the odds where only "slightly impossible".

And, as we're Geeks: Officlal Lotto Odds tables

----

* I've often thought that with the high chance that geeks are also very pedantic (and yes, I very much include myself in that), that our BDFL should have called this site "pedanticszone" - perhaps as a alias. Or a suggestion for next year's April 1 rebranding?? :-)

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  Reply # 1589119 10-Jul-2016 12:36
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$13 million is peanuts really.

 

Would only buy a 5% share in one of Graeme Hart's toy boats:

 


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  Reply # 1589132 10-Jul-2016 13:33
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I consider it solely as a donation to the groups that apply for grants, and also gives you a chance to win. Better than bonus bonds too. I do know a few people who have won 1st division, but won under 1 million. One squandered most of it. The problem is so many winners end up not being able to cope with having that much money.

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  Reply # 1589137 10-Jul-2016 14:02
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Wouldn't you be better putting your money in premium bonds (or whatever the equivalent is in NZ)?

 

Some chance of winning a reasonable sum and you can have your capital back.






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  Reply # 1589143 10-Jul-2016 14:37
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mattwnz: I consider it solely as a donation to the groups that apply for grants, and also gives you a chance to win. Better than bonus bonds too. I do know a few people(!!!) who have won 1st division, but won under 1 million. One squandered most of it. The problem is so many winners end up not being able to cope with having that much money.

 

Really? A FEW people? What is your secret for making friends?

 

 





I reject your reality and substitute my own. - Adam Savage
 


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  Reply # 1589166 10-Jul-2016 16:38
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I know a couple of people that have won under a million 1st division too. One guy bought his first house. 


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  Reply # 1589169 10-Jul-2016 16:46
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Woke up to the news this morning to the news that someone in Hamilton won $13.3m  through mylotto

 

I'm in Hamilton

 

I bought a ticket through mylotto

 

I hadn't checked my ticket

 

 

 

My guess using some figures I pulled out of thin air I estimated that while my chances were better than 1 in 38m, it was still 1 in 15k of me winning.

 

 

 

Was actually in no rush to check it at all. I spent all day relating to schrodingers cat.

 

 

 

Was still in no rush to check but then the mrs came home. Let's call her Mrs "I can't wait - need to know"

 

 

 

Sadly - it wasn't me. On a completely unrelated note, have to go - I'm writing my resignation letter, planning world trip and buying a new porsche.

 

 

 

 

 

 

 

 

 

 

 

 

 

 


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  Reply # 1589170 10-Jul-2016 16:48
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logo:

 

Woke up to the news this morning to the news that someone in Hamilton won $13.3m  through mylotto

 

I'm in Hamilton

 

I bought a ticket through mylotto

 

I hadn't checked my ticket

 

 

 

My guess using some figures I pulled out of thin air I estimated that while my chances were better than 1 in 38m, it was still 1 in 15k of me winning.

 

 

 

Was actually in no rush to check it at all. I spent all day relating to schrodingers cat.

 

 

 

Was still in no rush to check but then the mrs came home. Let's call her Mrs "I can't wait - need to know"

 

 

 

Sadly - it wasn't me. On a completely unrelated note, have to go - I'm writing my resignation letter, planning world trip and buying a new porsche.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How do they know the person is in Hamilton who purchased teh ticket online? When I look up my IP, it shows I am in Masterton, yet I am in Wellington. So if I had won, they would have likely said someone in Masterton had won. 


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  Reply # 1589172 10-Jul-2016 16:51
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mattwnz:

 

 

 

How do they know the person is in Hamilton who purchased teh ticket online? When I look up my IP, it shows I am in Masterton, yet I am in Wellington. So if I had won, they would have likely said someone in Masterton had won. 

 

 

Probably from your location (under My Details) when you set up your Mylotto account .

 

I suppose you could lie and say you're from somewhere else or you may have moved and not updated your location.

 

 

 

 


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  Reply # 1589177 10-Jul-2016 17:35
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I only buy tickets when the prize gets up to $30M or more. So I bought a ticket last weekend, last Wednesday, and this weekend. I won something on the Wednesday draw - not quite as much as I spent on the three tickets, but I'm only about one cup of coffee behind for the week. It's just a bit of harmless fun.

 

I know the odds are terrible, but they're worse if you don't buy a ticket. Sometimes people do win big prizes. Try telling the three people who won $15M this weekend, or the group of ladies in the Wairarapa who won $30-something million, that they shouldn't have bought a ticket. My chances are no worse than theirs. And my retirement isn't dependant on it.


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  Reply # 1589181 10-Jul-2016 17:46
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joker97:

 

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?

 

 

Insures against a win. Problemo is if they get a win, its gets gambled, maybe another win but at the end of the day they gamble till they lose. 

 

Me, I gamble with the insurance company. if I win, they pay for rebuilding our 830k home, or 30k car car or 80k contents. Im ok with that


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