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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Lotto Max:: $95 Millions in total!!
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Dior Homme
Hedi Slimane



Registered: Aug 2008
Location: Paris

quote:
Originally posted by VDub
At the club last night, a buddy tells me he won the Lotto Max...

I question since no one won the jackpot and he says that he won 7 G's and shows me the ticket with the winning amount on it...

FML...



Good for him though...


thats amazing, id be happy with that. take what you can i guess...

Old Post Jun-22-2010 02:30  France
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DigiNut
You kids get off my lawn!



Registered: Dec 2002
Location: Toronto, Self-proclaimed Centre of the Universe

quote:
Originally posted by Pett
what?
the odds of winning the jackpot never change

Lotto Max is 7 numbers. Normal Lotto 6-49 is 6 numbers (duh). Can you see how the odds of picking 7 correct numbers are much lower than picking 6?

quote:
with these carryover draws the total prizes awarded out is higher than sales for that week so its actually a good roi

I assume that by "good" you actually mean "better", since the expectation value is less than 1/100th of a penny. As ChemEnhanced pointed out, the vastly-increased number of people buying tickets pretty much nullifies the effect of any carryover draws; everybody else is in the same position as you and the effect is cumulative. Unless you win the jackpot (for which the odds are truly pathetic), you're liable to find that your $1 million winning ticket is worth a lot less than $1 million.


___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here

Last edited by DigiNut on Jun-23-2010 at 02:55

Old Post Jun-23-2010 02:48  Canada
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VDub
Scoundrel



Registered: Feb 2008
Location: Toronto

quote:
Originally posted by DigiNut
Lotto Max is 7 numbers. Normal Lotto 6-49 is 6 numbers (duh). Can you see how the odds of picking 7 correct numbers are much lower than picking 6?


I assume that by "good" you actually mean "better", since the expectation value is less than 1/100th of a penny. As ChemEnhanced pointed out, the vastly-increased number of people buying tickets pretty much nullifies the effect of any carryover draws; everybody else is in the same position as you and the effect is cumulative. Unless you win the jackpot (for which the odds are truly pathetic), you're liable to find that your $1 million winning ticket is worth a lot less than $1 million.


Yah but so what???

If my million dollar ticket netted me $50 grand, I'd be jizzing in my pants...


___________________
quote:
Originally posted by chinamon
chinamon is INCH MOAN.
LOL so fitting.

Old Post Jun-23-2010 23:20 
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Jayx1
Prime Minister of TOTA



Registered: Feb 2003
Location: The Socialist People's Republic Of Canada

quote:
Originally posted by VDub
At the club last night, a buddy tells me he won the Lotto Max...

I question since no one won the jackpot and he says that he won 7 G's and shows me the ticket with the winning amount on it...

FML...



Good for him though...


drinks on him then? If i won that kind of money i wouldnt be bragging about it unless i was going to be at least buying a round in celebration!


___________________
quote:
Originally posted by jester
Everything in this country is illegal.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery…" Winston Churchill

‎"If you have ten thousand regulations you destroy all respect for the law" - Winston Churchill

Old Post Jun-23-2010 23:23  Canada
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DigiNut
You kids get off my lawn!



Registered: Dec 2002
Location: Toronto, Self-proclaimed Centre of the Universe

quote:
Originally posted by VDub
If my million dollar ticket netted me $50 grand, I'd be jizzing in my pants...

If you say so. Point is, it's worse odds for a lower payout. You'd be better off playing the Lotto 6-49 on any regular week. (Even then it's still one of the worst ways to gamble)


___________________
My party schedule:
2009-02-21 - DJ Attention @ I'm So Popular
2009-06-18 - DJ Annoying @ People Need To Know Where I'll Be
2012-11-32 - DJ Insufferable ɸ Or At Least the Stalkers I Complain About
2048-06-66 - Spastic & Whocares Although I'm Actually Flattered
9999-45-81 - Tweaker Gimp I Probably Won't Even Go To This But I Have To Make Sure I Fill Up All The Available Space Here

Old Post Jun-24-2010 23:45  Canada
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rabbitjoker
aural sadist



Registered: Aug 2002
Location: Toronto, ON, CANADA

quote:
Originally posted by DigiNut
(Even then it's still one of the worst ways to gamble)


True. Better to save up your year's worth of lotto tickets and go play one red/black bet on the roulette.


___________________
- rabbit.joker [funny¿rabbit] | www.rabbitjoker.com |www.ddtt.org

Dark Dirty Tech Tribal. | Hands in air (trance) and feet on the floor (house).

Old Post Jun-25-2010 04:16  Canada
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jester
[enigma within a enigma]



Registered: Oct 2003
Location: The End of Elsewhere by Taras Grescoe

quote:
Originally posted by rabbitjoker
True. Better to save up your year's worth of lotto tickets and go play one red/black bet on the roulette.


or just stick to the stock market lol

Old Post Jun-25-2010 04:19 
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Pett
Supreme tranceaddict



Registered: Sep 2003
Location: Toronto, Canada

quote:
Originally posted by rabbitjoker
True. Better to save up your year's worth of lotto tickets and go play one pass line bet and bet full odds (craps).


fixed

Old Post Jun-25-2010 04:28 
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Sasha
Obsequey



Registered: Jun 2005
Location: Doll-Dagga Buzz-Buzz Ziggety Zag

LET'S DO IT!


___________________
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mail: [email protected]
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House is not just a groove. House is a feeling. And when u feel it, you will understand... house music gets you up and makes you high...

Old Post Jun-25-2010 11:33  Latvia
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jester
[enigma within a enigma]



Registered: Oct 2003
Location: The End of Elsewhere by Taras Grescoe

Everyone that wins this... should go all in and buy Mykonos seeing its for sale by the Greek Government

Old Post Jun-25-2010 13:02 
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magikb
Home of Lix and Jenn²



Registered: Jan 2004
Location: on the other side

I got another ticket for tonight.. I'm just gonna be a dreamer
I played the same random numbers the machine spit out last week again this week... wishful thinking that that will make the difference!


___________________

Old Post Jun-25-2010 15:51 
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jester
[enigma within a enigma]



Registered: Oct 2003
Location: The End of Elsewhere by Taras Grescoe

Fuck I knew I forgot to buy something when I went to the grocery store just now...

Guess I should go back soon

Old Post Jun-25-2010 16:52 
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TranceAddict Forums > Local Scene Info / Discussion / EDM Event Listings > Canada > Canada - Toronto & Southern Ont. > Lotto Max:: $95 Millions in total!!
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