Lottery

[Papilio]

Hey,
Anybody here ever win the lottery or even know of anybody that won the jackpot?

I haven't and no to the latter. Unless you count Troll's owner, who was already rich, that won twice in a row. Look it up.

I play but I know it's a sucker's bet. My strategy is no consecutive numbers and an equal amount of even and odd digits. Long run stuff... Does choosing 1-2-3-4-5-6 in 6/49 have an equal chance as any other number combo of winning? Yes. It actually does. What?!?

I won $50 bucks once on a Scratch and Lose 15 years ago. I still relish in that win! That's the most I've ever won in over 35 years of playing.

What's your luck? Lottery or otherwise?

If it wasn't for bad luck, I'd have no luck at all! Lol! But seriously I know. I was born an underachieving Chinaman.

-P

 

[Oldfart]

The next Mega Millions jackpot is US$1.1B which works out to roughly CDN$1,433,000,000.00.
Two plays costs about $9.
Message me if you'd like the link.

 

[luvsdaty]

My cousin won the set for life scratcher. Took the $600,000.buy out instead of the $1000/week and was broke in just under 3 years

 

[PuntMeister]

Lottery = Greed Tax for the “hopefully weak”.

i go to the supermarket or corner store and see the type of people buying lottery tickets that either look like they have made some pretty questionable life choices, or that really don’t have a lot of discretionary cash to burn. Yet the people who should be benefiting by the healthy proceeds are the people paying into the system. Reverse taxation and discrimination imho.

Sure, I will grab a quick pick once a year or so, but wishful addiction is unhealthy. Odds are better for most vegas games. Better yet, invest in yourself. Save up for a new bike, mini-getaway, or poonalicious adventure.

Besides, winners are often losers. If their ship miraculously does comes in, they have no clue or context how to pivot into a wealthly lifestyle and end up on drugs, booze, penniless, and/or dead within 2 years.

Sad that our government not only supports but manages and benefits from praying on the hopes and dreams of our less advantaged brothers and sisters.

 

[rlock]

Lottery = Greed Tax for the “hopefully weak”.

i go to the supermarket or corner store and see the type of people buying lottery tickets that either look like they have made some pretty questionable life choices, or that really don’t have a lot of discretionary cash to burn. Yet the people who should be benefiting by the healthy proceeds are the people paying into the system. Reverse taxation and discrimination imho.

Sure, I will grab a quick pick once a year or so, but wishful addiction is unhealthy. Odds are better for most vegas games. Better yet, invest in yourself. Save up for a new bike, mini-getaway, or poonalicious adventure.

Besides, winners are often losers. If their ship miraculously does comes in, they have no clue or context how to pivot into a wealthly lifestyle and end up on drugs, booze, penniless, and/or dead within 2 years.

Sad that our government not only supports but manages and benefits from praying on the hopes and dreams of our less advantaged brothers and sisters.

Well, you can't blame people for dreaming of a way out of living paycheck-to-paycheck. Great for those who win - the idea of never needing to worry about a lack of money ever again.
I saw a bumper sticker the other day that said something like "Life's too precious to just pay your bills until the day you die". Well that's life for most people, and they only want to break out of that cycle.
It's just throwing a few dollars at some tiny chance that you can live your life at ease, free from the eternal grind of chasing those dollars, and starving in the gutter if you can't catch enough of them.

What I would not do is count on winning it (or any sort of gambling). Is it rigged against the players? Of course - it works to make a profit in aggregate so there will always be more money coming in than going out as prizes.
Very small chance of victory, but not zero.

 

[ModSquad]

I’ve known a major prize winner for about 15 years. He is not the sit on a beach and drink Mai Tais kind of guy. He turned that money into his passion of building high end spec houses around Vancouver and a few at Whistler.

Personally I’ve won $1000 four times all from the Extra. Three times in the past 12 months I’ve picked 5 of 7 numbers in the Lotto Max. Too bad the payout is usually $100.

I use a site called Lottoextreme that posts lotto info from around the world. Hot/cold numbers, hot pairs of numbers drawn and other useful statistical info too.

Using last nights Lotto Max as an example, four of the winning numbers had already been picked 4-6 times in the past three months. Random numbers for sure but sometimes numbers are picked numerous times over any given period of time.

 

[vanperb]

My cousin won the set for life scratcher. Took the $600,000.buy out instead of the $1000/week and was broke in just under 3 years

600k buy out? Did they only expect winners to live another 11.5 years?

 

[vanperb]

Well, you can't blame people for dreaming of a way out of living paycheck-to-paycheck. Great for those who win - the idea of never needing to worry about a lack of money ever again.

I've heard too many people say that was their retirement plan (not having actually won it yet).
They were dead pan serious.

 

[vanperb]

My cousin won the set for life scratcher. Took the $600,000.buy out instead of the $1000/week and was broke in just under 3 years

Also any idea how he lost it all? Bad investment? Hookers and blow? Gambling problem? Medical bills?

 

[Bridge]

Anyone tried buying penny stocks. Maybe not such a "rush," but if you do it as a group and research the companies it can work out well.

 

[luvsdaty]

Just enjoyed it,new 1 ton pick ups for him and his dad. Once he started running out of money he bought a commercial fish boat. Bought a lot of questionable native art from his relatives. He said he didn't have any regrets which is good.

 

[Wakeup]

I am addicted to penny stocks, tried to quit many times maybe this is it.sold a bunch to take tax losses but still way ahead over many years.
getting tired of it now tho. But it’s a new year!,
cheers

 

[Rusty razor]

600k buy out? Did they only expect winners to live another 11.5 years?

It’s the same as the US mega lottery, the payout is based over time. The scam is that they pay you from the investment earnings on the money and they then keep the initial cash at the end of the term and keep making money from it afterwards. If you take the buyout it’s reduced. Take the US lottery for instance, a recent winner took the lump sum and got about half of the stated grand prize then the IRS sticks their hand out and takes half of that. 1.1 billion is actually about 300 million in your pocket.
lotteries are the biggest voluntary tax grab

 

[vanperb]

It’s the same as the US mega lottery, the payout is based over time. The scam is that they pay you from the investment earnings on the money and they then keep the initial cash at the end of the term and keep making money from it afterwards. If you take the buyout it’s reduced. Take the US lottery for instance, a recent winner took the lump sum and got about half of the stated grand prize then the IRS sticks their hand out and takes half of that. 1.1 billion is actually about 300 million in your pocket.
lotteries are the biggest voluntary tax grab

To be fair 300 million is still 300 million but damn... that's not even 50% of the take.

 

[angry anderson]

Anyone tried buying penny stocks. Maybe not such a "rush," but if you do it as a group and research the companies it can work out well.

I bought Greenlane Renewables a couple of years ago. It was up to a dollar from 30cents or so in about a month and some boiler room operation was pumping it. I thought, at this rate it isn't much of an ask that maybe it would go up another dollar in a month or so before the bubble burst. I invested $10 grand and doubled it in a month, only to watch it slide and stall out. I think I doubled my money and sold. My one smart trade.
Got 6 out of 7 twice on the Lotto Max, 20 years apart. Won $2000 and change both times. Missing $32,000000 both times. Fun eh?
I still play. But only once a month instead of once a week. I ticket on the max and the 6/49. $11.00 a month is a cheap dream. Like sp's really. My life is dysfunctional really. But survivable.

 

[blakealridge]

Anyone tried buying penny stocks. Maybe not such a "rush," but if you do it as a group and research the companies it can work out well.

My friend’s ex sugar daddy dealt in penny stocks. He’s in jail now HAHAHAHAHHAA

 

[Oldfart]

Take the US lottery for instance, a recent winner took the lump sum and got about half of the stated grand prize then the IRS sticks their hand out and takes half of that. 1.1 billion is actually about 300 million in your pocket.

Canadians who win lotteries in the USA are not subject to IRS tax withdrawals.
But even $300 million in US dollars works out to nearly CDN $400 million.

 

[Rusty razor]

I only buy the max, and only one ticket when it hits 50m plus the bonus mils. Then I won’t check it right away. That way you are a potential winner for longer. $5 for a dream 😆

 

[Uncled]

I don’t gamble at casinos, play VLTs in bars, or buy lottery or scratch tickets.

But if someone asks me what I want for Xmas, I tell them to get me a $20 Scratch ‘N Win Mega Pack.

I’m OK with gambling if someone else is paying for it.

 

[Bridge]

My friend’s ex sugar daddy dealt in penny stocks. He’s in jail now HAHAHAHAHHAA

He's on the inside trading??