Lotto is unfair.

Forums › Off topic › Lotto is unfair.

JaseNZ

2576 posts

Uber Geek
+1 received by user: 1489

ID Verified

Lifetime subscriber

#268099 27-Feb-2020 22:15

Just my opinion but I think that 50 million is just far to excessive for one person. I think a couple of million max would be completely life changing and any more than that should trickle down to the other divisions.

Ding Ding Ding Ding Ding : Ice cream man , Ice cream man

1 | 2 | 3 | 4 | 5 | 6 | ... | 7

5346 posts

Uber Geek
+1 received by user: 3317

Trusted

#2428520 27-Feb-2020 22:17

It's designed that way to part gamblers with their money.

CYaBro

4708 posts

Uber Geek
+1 received by user: 1182

ID Verified

Trusted

#2428521 27-Feb-2020 22:21

But it is a must win jackpot this time so if no one wins first division power ball it will drop down so could be shared by a lot more people.

Opinions are my own and not the views of my employer.

JaseNZ

2576 posts

Uber Geek
+1 received by user: 1489

ID Verified

Lifetime subscriber

#2428527 27-Feb-2020 22:40

CYaBro: But it is a must win jackpot this time so if no one wins first division power ball it will drop down so could be shared by a lot more people.

Yup I get that I just think it should not get that high before it becomes a must win.

Ding Ding Ding Ding Ding : Ice cream man , Ice cream man

heavenlywild

5091 posts

Uber Geek
+1 received by user: 901

Trusted

#2428528 27-Feb-2020 22:42

JaseNZ:
Just my opinion but I think that 50 million is just far to excessive for one person. I think a couple of million max would be completely life changing and any more than that should trickle down to the other divisions.

If you won 50 mill yourself would you still be thinking the same way? I wouldn't... but I get your point though.

JaseNZ

2576 posts

Uber Geek
+1 received by user: 1489

ID Verified

Lifetime subscriber

#2428530 27-Feb-2020 22:46

heavenlywild:
JaseNZ:

Just my opinion but I think that 50 million is just far to excessive for one person. I think a couple of million max would be completely life changing and any more than that should trickle down to the other divisions.

If you won 50 mill yourself would you still be thinking the same way? I wouldn't... but I get your point though.

We donate every week and have done since it started I have always thought there was to big of a gap between 1st division and 2nd division.

Ding Ding Ding Ding Ding : Ice cream man , Ice cream man

Geektastic

18009 posts

Uber Geek
+1 received by user: 8465

Trusted

Lifetime subscriber

#2428532 27-Feb-2020 23:13

It's a reasonable sum. You'd need another $200 million to even get to 1000th place on The Times Rich List though....

AliExpress

Shop now on AliExpress (affiliate link).

Journeyman

1205 posts

Uber Geek
+1 received by user: 1236

#2428538 27-Feb-2020 23:33

It's not intended to be fair. That's why it's called gambling...

MadEngineer

4591 posts

Uber Geek
+1 received by user: 2570

Trusted

#2428539 27-Feb-2020 23:35

It certainly wasn’t fair when I asked the lady behind the counter for a winning lotto ticket and she sold me a dud. Surely I can get my money back

You're not on Atlantis anymore, Duncan Idaho.

Zepanda66

533 posts

Ultimate Geek
+1 received by user: 212

#2428540 27-Feb-2020 23:38

Lol please. Since when was gambling meant to be fair? Let's not pretend like either one of us would take the money and run if we won.

http://www.speedtest.net/result/7315955530.png

mattwnz

20515 posts

Uber Geek
+1 received by user: 4795

#2428545 28-Feb-2020 00:36

JaseNZ:

Just my opinion but I think that 50 million is just far to excessive for one person. I think a couple of million max would be completely life changing and any more than that should trickle down to the other divisions.

Not long after lotto started, the basic prize rose up to around a million for division one, which isn't too much different to what it is today, for the basic first division. But back them you could probably buy 5-10 houses in Auckland if you won that. Today, you would be lucky to buy 1 decent house in Auckland for a million. When the prize went up to 3-5 million decades ago, we also saw similar numbers of people buying tickets for the big draw. So 50 million in terms of house price inflation, isn't that much different to 3-5 million back then. The big difference is that the odds of winning 50 million in the powerball is significantly worse, than winning 3-5 million in first division back then, without powerball.

2 million is life changing today. But it probably isn't 'financial freedom' level, as you would be lucky to get 50k of interest after tax to live on, if you just put it in the bank.

Batman

Mad Scientist
30012 posts

Uber Geek
+1 received by user: 6217

Trusted

Lifetime subscriber

#2428558 28-Feb-2020 06:49

life is not fair.

the 2 guys who swing his arms in the boxing ring gets paid millions.

the cleaners who work for 24 hrs get 18 quid per hour.

the 2 women who bounces the tennis balls and shrieks a few times get a million.

the umpire get 250 quids.

etc

Not to mention this is where reality defeats science. Statistically people shouldn't win lotto. But people do, every few weeks to months (though this doesn't count if the jackpot is not struck and it gets trickled down). I heard one fella even struck it twice.

AliExpress

Shop now on AliExpress (affiliate link).

logo

659 posts

Ultimate Geek
+1 received by user: 255

Trusted

#2428565 28-Feb-2020 07:36

It is what it is - you need the big jackpots to generate the hype to get more punters. I know I only buy work syndicate tickets when the jackpot gets big.

Personally I'd rather the $50m get split into 50 x $1m prizes which will help 50 people/families change their lives. I would like to think that if one person won $50m then they would help out others, typically family, so that one winner would still change the lives of maybe 5-10 others (pure guess).

I do know the brother of a big lotto winner ($20m+) who got given $1m plus their kids got $50k each.

josephhinvest

1550 posts

Uber Geek
+1 received by user: 322

ID Verified

Trusted

#2428567 28-Feb-2020 07:38

I don’t think fairness has anything to do with it.
However I probably do agree that 50M is big enough or too big a jackpot. I reckon if it went to “must-win” at say 20M this would be plenty.

alasta

6889 posts

Uber Geek
+1 received by user: 3363

Trusted

Subscriber

#2428572 28-Feb-2020 07:49

heavenlywild:
JaseNZ:

Just my opinion but I think that 50 million is just far to excessive for one person. I think a couple of million max would be completely life changing and any more than that should trickle down to the other divisions.

If you won 50 mill yourself would you still be thinking the same way? I wouldn't... but I get your point though.

I honestly have no idea what I would do with one million let alone 50 million.

I would probably do a few international marathons, get a slightly bigger home, a spa pool, and maybe an MX5 to supplement my workhorse vehicle but that's about it. I wouldn't quit work long term because I would get bored to tears and frankly I would feel ridiculous driving around in a Ferrari.

xpd

Geek of Coastguard
14116 posts

Uber Geek
+1 received by user: 4575

Retired Mod

ID Verified

Trusted

Lifetime subscriber

#2428574 28-Feb-2020 07:55

Be a lot of things Id buy/do, but think even 2 million would satisfy me with change left over.

XPD / Gavin

LinkTree

1 | 2 | 3 | 4 | 5 | 6 | ... | 7