Who else is playing tonight?! $260,000,000

[Cuz]

I can't imagine trying to invest/deposit $341 million at one time..... It would have to be split into 1364 different financial instutions just to be insured.

I can't imagine depositing $341.00 ...

[brymor31]

I win and everybody gets to go mule deer hunting!

[Apullin17]

I'm holding off for more money. $476 mil doesn't go a long way nowa days.

[Legdog]

odds

Getting pregnant from a one-night stand: 1 in 20
Getting struck by lightning: 1 in 10,000
Dying in an airplane crash: 1 in 355,318
Being dealt a royal flush in a given hand of poker: 1 in 655,750
Dying from a flesh-eating bacteria: 1 in 1 million.
Winning the California Super Lotto Jackpot: 1 in 18 million.

14 Days to Broke

What does all this mean to you? Well, say you're a happy-go-lucky guy with $1,000 burning a hole in your pocket. You decide to "invest" this money in lottery tickets, and keep on reinvesting the proceeds of your bets to buy even more lottery tickets.

How long do you think you could keep this game rolling? Let's play:

If you buy $1,000 worth of $1 lottery tickets on Day 1, then statistically speaking, the average lottery payout of 60% means you'll have $600 left to spend on Day 2.

Spend that $600 on Day 2, and by Day 3, you're down to $360.

Keep going, and by Day 14, you will have (on average) just $0.78 left jingling in your pocket.

In other words, two weeks of playing the lottery has left you too broke to afford a single lottery ticket. You've gambled away nearly every cent you started with.

It's no wonder Bloomberg calls it the "Sucker Index."

[TexasAg2002]

odds

But what if your numbers hit?

[Legdog]

But what if your numbers hit?

Then you will probably get struck by lightning the next day!

[flufster]

odds

Tell that to all the folks with their picture on the walls of conv stores and casinos!!!!

[Legdog]

Tell that to all the folks with their picture on the walls of conv stores and casinos!!!!

Maybe you are right... I thought those were hot check writers!

[flufster]

Maybe you are right... I thought those were hot check writers!

Maybe before they won (actually most of them afterwards too)

I did know one family from Ballinger/San Angelo area that bought a ranch after winning the lotto. I cant remember their last name to save my life but always wished it was me.

[Cuz]

Well I've hit this twice...
Being dealt a royal flush in a given hand of poker: 1 in 655,750

But I've proobsly played 4,000,000 hands of poker to hit it twice.

[Cuz]

I win and everybody gets to go mule deer hunting!

I ain't greedy, Bryan. I just want you to win so I can work for you on your new ranch!