Domain: tiger-web1.srvr.media3.us Powerball-$800 million | Page 8 | O-T Lounge
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re: Powerball-$800 million

Posted on 1/8/16 at 12:49 pm to
Posted by cwahl1
Louisiana
Member since Aug 2014
316 posts
Posted on 1/8/16 at 12:49 pm to
quote:

Its hilarious to me that all these people start buying tickets when it hits 500+ million. Like the 40-400 million dollar prize wasn't enough.


In my mind it isn't statistically worth even pretending to have a chance until it reaches $600 million.

The odds are about 1 in 300,000,000.

If $2 gives me a shot at $600,000,000 then at that point the $2 I am throwing away is worth at least having a shot at the reward.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 12:50 pm to
quote:

A hotel would be considered temp housing



Ok, but you could do all the things you wanted in 2 days.

You can get an LLC registered verrrrry quickly these days.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 12:51 pm to
quote:


In my mind it isn't statistically worth even pretending to have a chance until it reaches $600 million.

The odds are about 1 in 300,000,000.

If $2 gives me a shot at $600,000,000 then at that point the $2 I am throwing away is worth at least having a shot at the reward.



But $2 isn't worth having a shot at 300 million?

I get what you're saying and I'm guilty of it too, but it just doesn't really make sense
Posted by Vandyrone
Nashville, TN
Member since Dec 2012
7907 posts
Posted on 1/8/16 at 12:52 pm to
quote:

In my mind it isn't statistically worth even pretending to have a chance until it reaches $600 million.

The odds are about 1 in 300,000,000.

If $2 gives me a shot at $600,000,000 then at that point the $2 I am throwing away is worth at least having a shot at the reward.


Taxes bro.
Posted by ell_13
Member since Apr 2013
87503 posts
Posted on 1/8/16 at 12:52 pm to
Advisors would range from lawyers to accountants. That would not take a couple days. Moving out of my home during that time would not take a couple days. A few weeks sounds right.
Posted by gatorguru
New Orleans
Member since Aug 2014
333 posts
Posted on 1/8/16 at 12:54 pm to
would you change your cell phone number?
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 12:55 pm to
quote:

Advisors would range from lawyers to accountants. That would not take a couple days. Moving out of my home during that time would not take a couple days. A few weeks sounds right.




You don't have a lawyer or an accountant? Or friends that are those things?

And you don't have to move out. Just pack a week long bag and move into a nice hotel that same day. Buy a gas station go-phone on your way to the hotel if you really want one.


Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 1/8/16 at 12:58 pm to
quote:

Advisors would range from lawyers to accountants. That would not take a couple days. Moving out of my home during that time would not take a couple days. A few weeks sounds right.




I want that ticket out of my trucking hands.

A Canadian couple lost a $50 million dollar ticket at Church the next day Some one eventually gave it back months later since they had signed it.

Another guy in California lost a $1 million dollar ticket in California & could not collect even though he was on surveillance camera buying the ticket( bearer instrument he needed to physically validate ticket).



I would hope I could validate the ticket at least some way through lawyers/Lottery immediately.



Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 1/8/16 at 1:00 pm to
quote:

what is more likely for most people...win 7-800 million or earn it



Point well taken.

Unless I replace El Chapo with my head intact.
This post was edited on 1/8/16 at 1:02 pm
Posted by cwahl1
Louisiana
Member since Aug 2014
316 posts
Posted on 1/8/16 at 1:01 pm to
quote:

But $2 isn't worth having a shot at 300 million?



What it comes down to is with the odds at 1 in 300 million to win,
once it surpasses the point of paying $2 to win $600 million, any prize money beyond that amount just feels like making a good bet where the odds are slightly in your favor at least.


Yes, taxes. I know.

Which begs the question, what good is going to be done with the $200,000,000 donated to the government in form of taxes from my winnings? I want to at least get to pick which branch of government that tax money goes to.
Posted by gatorguru
New Orleans
Member since Aug 2014
333 posts
Posted on 1/8/16 at 1:02 pm to
so we know no one wants to be bothered with requests... what if someone you know outside of your immediate family wins...

not immediately family, not best friend...say a 3rd cousin, a frat brother, a co-worker, a member of your church, etc.
You have their phone number and know where they live but you aren't so close that you exchange gifts for bdays and xmas.

DO you even call to congratulate them?
Surely you don't ask them for any money, right? not even 10-50k bucks?
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 1:04 pm to
quote:

so we know no one wants to be bothered with requests... what if someone you know outside of your immediate family wins...

not immediately family, not best friend...say a 3rd cousin, a frat brother, a co-worker, a member of your church, etc.
You have their phone number and know where they live but you aren't so close that you exchange gifts for bdays and xmas.

DO you even call to congratulate them?
Surely you don't ask them for any money, right? not even 10-50k bucks?


I'd text congrats and leave them alone.

College friend, I'd say "vegas?"
Posted by MrLarson
Member since Oct 2014
34984 posts
Posted on 1/8/16 at 1:05 pm to
quote:

would you change your cell phone number?


Hell yes. I would have a closet full of throw away phone.
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 1/8/16 at 1:06 pm to
quote:

Its hilarious to me that all these people start buying tickets when it hits 500+ million. Like the 40-400 million dollar prize wasn't enough.



Jackpot fatigue. No one pays attention at that point.


Lagging sales is why the Powerball increased the odds from the insane 1 in 175 million to the absurd 1 in 293 million odds.


They wanted more rollovers ,huge jackpots , public interests & the money that comes with it.

They win.
Posted by TechDawg2007
Bawville
Member since Nov 2007
32527 posts
Posted on 1/8/16 at 1:07 pm to
How would you quit your job?
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 1/8/16 at 1:09 pm to
quote:

DO you even call to congratulate them?
Surely you don't ask them for any money, right? not even 10-50k bucks?



dont even call and congratulate them. just comes off like you probably want something because theyve probably been getting messages nonstop.

i do think it would be funny to win and make it public and see all the people come out of the woodwork to get in touch with you. really show who the dipshits are
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 1:11 pm to
quote:

How would you quit your job?



I'd text my team and boss, tell them what happened, ask them to keep it quiet, and say "you can throw away all my stuff, I'm never coming back in"

Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 1/8/16 at 1:11 pm to
quote:

i do think it would be funny to win and make it public and see all the people come out of the woodwork to get in touch with you. really show who the dipshits are



I would relish the chance to tell those people to frick off. I'd almost want to go public just for the opportunity to do that.
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 1/8/16 at 1:13 pm to
quote:

dont even call and congratulate them. just comes off like you probably want something because theyve probably been getting messages nonstop.


Agree .

Plus I would be angry as hell & have near suicidal envy.

I would nit be envious of someone who earned $ 700-800 million ,but the lottery that I wanted to win?


Lottery does bring out the worst in us.
Posted by Happygilmore
Happy Place
Member since Mar 2009
1828 posts
Posted on 1/8/16 at 1:13 pm to
quote:

Just go to a hotel


just buy the hotel
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