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jon6784
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04-25-2005, 08:31 PM
Post subject: So I had the pot odds to call right?
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#1 (permalink)
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Join Date: Feb 2005
Posts: 11
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Thought this was rather amusing. You have a 1 in 160 million chance of winning the mega millions multi state lottery. Thie weekend the jackpot was 205 million. So I was indeed getting the correct pot odds to call.
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whileone
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04-25-2005, 08:34 PM
Post subject: Re: So I had the pot odds to call right?
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#2 (permalink)
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Flush
Join Date: Nov 2004
Posts: 306
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Quote:
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Originally Posted by jon6784
Thought this was rather amusing. You have a 1 in 160 million chance of winning the mega millions multi state lottery. Thie weekend the jackpot was 205 million. So I was indeed getting the correct pot odds to call.
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you forgot to take into account a split pot. 
but good luck!
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Noooooooooooooooo!!
--Darth Vader
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BoondockSaint
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4-of-a-Kind
Join Date: Mar 2004
Location: Indiana
Posts: 1,844
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yeah there was a dude around indiana/michigan somewhere that somehow got the company to sell him the like 100 million combinations for 100 million dollars - maybe they just said if you give us a 100 million we will say you win after the numbers are drawn or something. But anyway 3 people ended up winning it because it was like huge as hell and so many tickets were sold. So he got screwed. I think it was 60 million something combinations but I can't really remember for sure it was so long ago. I saw it on the news. Anyway he did not come out ahead.
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!Luck
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Full House
Join Date: Feb 2004
Location: Under a bridge
Posts: 1,367
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I wonder of lotto ticket purchases are tax deductible.
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Spook
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Flush
Join Date: Oct 2004
Location: Denver, CO
Posts: 388
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Quote:
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Originally Posted by !Luck
I wonder of lotto ticket purchases are tax deductible.
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Only to offset gambling winnings.
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JeffreyGB
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4-of-a-Kind
Join Date: Dec 2004
Location: Jenks, OK
Posts: 3,477
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Quote:
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Originally Posted by Spook
Quote:
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Originally Posted by !Luck
I wonder of lotto ticket purchases are tax deductible.
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Only to offset gambling winnings. |
So it's look something like this?
Net winnings: $204,999,999
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JeffreyGB
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4-of-a-Kind
Join Date: Dec 2004
Location: Jenks, OK
Posts: 3,477
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I wonder if you need a receipt...
"But Mr. IRS Man, I swear I spent $200,000,000 last week buying lotto tickets! How do you think the pot reached $205,000,000?"
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whileone
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Flush
Join Date: Nov 2004
Posts: 306
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The rake on powerball tickets is like 70%... only 30% of the purchase goes into the prize pool. some portion goes back to the "fund" to pay of current winners and a big chunk goes to states. most use the cash for school. lottery scholarships and such.
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Noooooooooooooooo!!
--Darth Vader
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