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Here’s $100. Can you win $800M at Powerball?

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Re: Here’s $100. Can you win $800M at Powerball?

#111

The comment on the site where some people play when it's a high payout more for wanting to participate in the cultural event (i.e. go see Star Wars in theaters) than the expectation that they'll win makes a lot of sense. I think that's mainly why I get a few tickets sometimes when it gets super high, even though I know my chances of winning are significantly worse and my chances of winning at all are almost nothing.

[deleted]

Re: Here’s $100. Can you win $800M at Powerball?

#112
post #35

Earlier quoted context omitted.

And funny enough this doesn't guarantee that you'll even hit the jackpot in that total. Man the lottery can be fun! (to be clear I'm not implying that you said that total will guarantee a jackpot win)

I suspect the simulator will run until well after the actual drawing (it just doesn't play fast enough to burn through that much cash).

And it chooses new winning numbers every time so you likely will never win.

Re: Here’s $100. Can you win $800M at Powerball?

#113
post #87

I recently purchased a OneRNG trng and decided to give it a chance at guessing the right number with its quantum-noise super powers. Reading from it overnight produced 24 million guesses and no winner. Though several were just one number off. Too bad so sad. I'm really curious what RNG the registers use when people say "let the computer guess for me". I'm pretty sure they don't all have a TRNG installed on the circui…

"Quick Pick" numbers are not generated at the store. Regardless of if you pick the numbers or let the computer do it, your request is sent in real time back to a lotto office where the real ticket is securely generated (with a TRNG if you so choose). The local terminal then receives a bitmap to print out.

Do you have a source for this? I'm extremely curious. Random number generation is a fun problem.

Re: Here’s $100. Can you win $800M at Powerball?

#114
post #107

I recently purchased a OneRNG trng and decided to give it a chance at guessing the right number with its quantum-noise super powers. Reading from it overnight produced 24 million guesses and no winner. Though several were just one number off. Too bad so sad. I'm really curious what RNG the registers use when people say "let the computer guess for me". I'm pretty sure they don't all have a TRNG installed on the circui…

Is there reason to believe that a TRNG would somehow select numbers with a better chance of winning than any other method? I can see the method impacting the number of dollars you win but surely any valid set of numbers has the same chance to win as any other. It's not like your TRNG is actually emulating the behavior of the balls in the machine.

I can't say if a TRNG has a better chance, but I don't think I'm leaping too far to say a broken, predictable RNG has a _worse_ chance of winning.

Re: Here’s $100. Can you win $800M at Powerball?

#115
post #68
post #43

Buy a $2 ticket for entertainment, not "investment." Spend 10 minutes imagining what you'd do with $496M. It might be fun.

Join lottery pool at work. Might lose $2, but won't have to kill myself if everyone at the office wins and I have to show up everyday remembering that fact.

We had an office pool for Wednesday's drawing and one of the guys in my area declined to participate.

I joked that there was now a 292.2 million to 1 chance that tomorrow, he'd want to jump off of a bridge.

Fortunately for him, we didn't win anything.

Re: Here’s $100. Can you win $800M at Powerball?

#116
post #24

Lottery is a progressive tax on stupidity.

I don't agree with that. I have a friend who plays solely for the entertainment. He doesn't gamble on anything else in his life.

He knows full well it is very unlikely he'll ever win, but he enjoys the excitement/fantasizing that it provides him throughout the week.

Re: Here’s $100. Can you win $800M at Powerball?

#117
post #47

Free YC 2016 application: Build website to crowdsource $292,201,338. Buy all the lotto tickets. Pay back investors 150% of their investment. Make ~ $69.5M. (assuming lotto tickets are a $1) (someone else can figure out the break even point after taxes)

Would not work unless it ballooned into 10 figures. Lump sum taxes would take most of the gains away and that assumes you are the only winner.

Each ticket you purchase is an expense that will reduce your tax liability.

If you spent $500 million on tickets and won $800 million, your tax liability would only be on the $300 million profit.

Re: Here’s $100. Can you win $800M at Powerball?

#118
post #107

I recently purchased a OneRNG trng and decided to give it a chance at guessing the right number with its quantum-noise super powers. Reading from it overnight produced 24 million guesses and no winner. Though several were just one number off. Too bad so sad. I'm really curious what RNG the registers use when people say "let the computer guess for me". I'm pretty sure they don't all have a TRNG installed on the circui…

Is there reason to believe that a TRNG would somehow select numbers with a better chance of winning than any other method? I can see the method impacting the number of dollars you win but surely any valid set of numbers has the same chance to win as any other. It's not like your TRNG is actually emulating the behavior of the balls in the machine.

It would impact the likelihood of someone else winning as well, which does affect the amount of money you get.

Re: Here’s $100. Can you win $800M at Powerball?

#119
post #86

Sooo I hit the $50,000 after only $2,000. Apparently that is almost 1 in a million. Scary

Whoa, I'm still working on spending $100k...

Spent $62,630 Won $5,793 Win/loss $56,837

Hovering consistently just below losing 90 cents on each dollar.

Re: Here’s $100. Can you win $800M at Powerball?

#120
post #107

Earlier quoted context omitted.

Is there reason to believe that a TRNG would somehow select numbers with a better chance of winning than any other method? I can see the method impacting the number of dollars you win but surely any valid set of numbers has the same chance to win as any other. It's not like your TRNG is actually emulating the behavior of the balls in the machine.

I can't say if a TRNG has a better chance, but I don't think I'm leaping too far to say a broken, predictable RNG has a _worse_ chance of winning.

Maybe worse over the long term, but wouldn't you have the same odds for any given draw.
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