05-21-2009, 10:29 AM
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#21
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In the Sin Bin
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About the same on my participation in the lottery. When it gets big, I'll buy a quick pick. I'm not going to miss $3 if I lose, and hell, if I come away with $10, then I turned a profit!
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05-21-2009, 10:34 AM
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#22
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Franchise Player
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I'm in the same boat. When it's over $20M I buy a $10 ticket.
It's worth the $10 just to dream about what I'd do with that money before my dreams come crashing down at draw time.
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05-21-2009, 10:41 AM
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#23
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Norm!
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Just to put it into perspective, $49,000,000 would buy approximately 1400 killograms of 75% pure Cocaine.
or 490,000 $100.00 hooker tricks.
Or you could split it in half and get 700 kilo's of cocaine and 245,000.00 $100.00 tricks
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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05-21-2009, 10:43 AM
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#24
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First Line Centre
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Yeah exactly, the lottery elitists who roll their eyes and make the "bad math" and "tax for the stupid" just don't get it.
I'm not investing my hard earned $5 or $10 because I'm expecting a return on the investment, I do it to dream about the what if scenarios. I'm not going to miss $5 a week.
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05-21-2009, 10:48 AM
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#25
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Sleazy Banker
Join Date: Oct 2001
Location: Cold Lake Alberta Canada
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Quote:
Originally Posted by Old Yeller
Yeah exactly, the lottery elitists who roll their eyes and make the "bad math" and "tax for the stupid" just don't get it.
I'm not investing my hard earned $5 or $10 because I'm expecting a return on the investment, I do it to dream about the what if scenarios. I'm not going to miss $5 a week.
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Feel free to send it to me. I'll let you dream about what I am going to do with it!!! 
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05-21-2009, 11:12 AM
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#26
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Franchise Player
Join Date: Oct 2001
Location: Vancouver
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Damn, I was really counting on winning this time. 
__________________
"A pessimist thinks things can't get any worse. An optimist knows they can."
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05-21-2009, 11:15 AM
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#27
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Franchise Player
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Somebody is going to win! And you can't win if you don't play!
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The Following User Says Thank You to Jason14h For This Useful Post:
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05-21-2009, 11:15 AM
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#28
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Lifetime Suspension
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Quote:
Originally Posted by Old Yeller
Yeah exactly, the lottery elitists who roll their eyes and make the "bad math" and "tax for the stupid" just don't get it.
I'm not investing my hard earned $5 or $10 because I'm expecting a return on the investment, I do it to dream about the what if scenarios. I'm not going to miss $5 a week.
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Exactly.
I drop $10 or $15 for a chance to win $50 Million.
I'm OK with that. I know my odds are crazy bad, but really...if I did win...wow.
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05-21-2009, 11:16 AM
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#29
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Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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I think there are ~ 14 million combinations for 6/49. So assuming you played all of the numbers; the tickets would have cost you $28M and you would have netted about $27M in prizes.
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05-21-2009, 11:22 AM
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#30
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Redundant Minister of Redundancy
Join Date: Apr 2004
Location: Montreal
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Quote:
Originally Posted by Jason14h
Somebody is going to win!
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There's no guarantee of that. It's possible for no one to get the right combination of numbers.
Quote:
Originally Posted by Jason14h
And you can't win if you don't play!
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You can't lose if you don't play either.
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05-21-2009, 11:37 AM
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#31
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First Line Centre
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Quote:
Originally Posted by ken0042
I think there are ~ 14 million combinations for 6/49. So assuming you played all of the numbers; the tickets would have cost you $28M and you would have netted about $27M in prizes.
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and if someone shared your winning combination? or worse, many people did...then you make a loss
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05-21-2009, 11:55 AM
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#32
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Powerplay Quarterback
Join Date: Jan 2008
Location: Calgary
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Quote:
Originally Posted by Ironhorse
And for those who are bad at math.
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I have a minor in math. I pitched in when the office goes and buys tickets. (when it's high like 49 mil)
yes, i know the odds are bad, but I can't bear to see the office win without me. That would be demoralizing coming into work and seeing half the office retired. Even if the odds are 1 in 14 million. (although that drops if we're sharing numbers, i think it ended up being 1 in 500 000)
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05-21-2009, 12:15 PM
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#33
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Lives In Fear Of Labelling
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So apparently there is a group of winners, 14 they all work for ATB Financial.
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05-21-2009, 12:18 PM
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#34
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One of the Nine
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Quote:
Originally Posted by underGRADFlame
So apparently there is a group of winners, 14 they all work for ATB Financial.
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So they're indeed from Edmonton, eh? Wouldn't it be funny if during the interview they publicly announce that they'll cover the cost of paying out Lowe's contract if Katz will fire him?
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05-21-2009, 12:39 PM
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#35
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Franchise Player
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I heard it was 18 people from ATB Financial's payroll department???
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05-21-2009, 12:47 PM
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#36
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Draft Pick
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I can confirm it was 13 people from the ATB payroll department. We are hoping we get paid next payday....
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05-21-2009, 01:03 PM
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#37
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Franchise Player
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nm
Last edited by malcolmk14; 05-21-2009 at 01:08 PM.
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05-21-2009, 01:05 PM
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#38
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Franchise Player
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Quote:
Originally Posted by malcolmk14
So about 2.5 mil each in a lump-sum payment.
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If it was 13 people, then its $3,834,759.31 per person
Man, that would be awesome. I'd so retire and call off my engagement! Just kidding about the engagement!
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05-21-2009, 01:06 PM
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#39
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Lifetime Suspension
Join Date: Sep 2008
Location: , location, location....
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Quote:
Originally Posted by albertGQ
and call off my engagement! Just kidding about the engagement!
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nice.....
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05-21-2009, 01:09 PM
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#40
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Franchise Player
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Quote:
Originally Posted by albertGQ
If it was 13 people, then its $3,834,759.31 per person
Man, that would be awesome. I'd so retire and call off my engagement! Just kidding about the engagement!
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I don't think it is. I believe if you win the lottery they pay you in installments over 25 years, but I could be wrong.
If you take the lump-sum payment, it's the present value of all the future installments.
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