Mega Millions drawing tonight 3-3-2012 hits 640 MILLION dollars!!

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Andrew Jones
Investor · Los Angeles, CA · Member since 2011 · 242 posts · 61 votes
14y

I bought a ticket. If I win next years BP Summit is on me.

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  • Carlos Flores
    Commercial Real Estate Lender / Syndicator · Dallas, TX · Member since 2011 · 888 posts · 309 votes
    14y

    I was going to say I never play, but lets just say I rarely play. Might be worth a couple of bucks tonight.

    0Reply
  • Jon Holdman
    Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
    14y

    Saw that 1.5 billion tickets have been bought. Oh yeah, there are going to be multiple winners.

    0Reply
  • Joel OwensBusiness Member
    Moderator
    OP
    Real Estate Broker · Canton, GA · Member since 2010 · 15k+ posts · 11k+ votes
    14y

    Multiple winners are fine with me as long as I one of them ! I can still do some serious damage with tens of million of dollars for R.E. investing......... :)

    Podcast Guest on Show #47
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  • Tod R.
    Investor · Southlake, TX · Member since 2009 · 950 posts · 338 votes
    14y

    Be careful on your way to get your ticket...odds of being struck by lightning? 1/1,000,000. You're more likely to be struck by lightning than win the big one!

    0Reply
  • Mike McKinzie
    Investor · Westminster, CO · Member since 2009 · 1k+ posts · 1k+ votes
    14y

    Jon Holdman gives the exact "mathematical science" of Gambling Odds. But I really don't think that addresses the issue for the individual. Sure, you have a 1 in 176,000,000 chance of winning, but you also have a 175,999,999 in 176,000,000 chance of losing.

    Instead of buying lottery tickets, lets say you invest just $20.00 a week. At 5%, in 40 years you have $131,900 and at 10%, you have $506,300.

    The psychological question is this, "Do you get more enjoyment out of hoping for a lottery win with that dollar spent or would you get more enjoyment out of investing that dollar." The truth is, you would get more BENEFIT using that dollar to start a fire in your fireplace than you get by buying a lottery ticket.

    I used to buy lottery tickets, many years ago, even got five out of six in the California lottery and won $2,000.00. But doing the financial analysis, I found I was just putting my money through the shredder.

    If you think winning the lottery is all happiness and joy, read this article:

    http://www.oddee.com/item_97101.aspx

    I have heard it put this way, "A lottery is nothing more than a tax on the poor and the naive."

    1Reply
  • Kyle Meyers
    Residential Landlord · Indianapolis, IN · Member since 2010 · 592 posts · 138 votes
    14y

    2-4-23-38-46-23

    Who won it?

    0Reply
  • Account Closed
    Indianapolis, IN · Member since 2008 · 244 posts · 36 votes
    14y

    I put $5 on it, If I win I will do a magic trick.... and disappear.

    0Reply
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