[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 51 KB, 750x1000, flat,750x,075,f-pad,750x1000,f8f8f8.jpg [View same] [iqdb] [saucenao] [google]
49761026 No.49761026 [Reply] [Original]

I bought a Powerball ticket for the draw this weekend. Please tell me this was a wise investment.

>> No.49761162

>>49761026
You're an idiot for buying a Powerball ticket. You have a 0.00000024% chance of winning the jackpot, so you're pretty much guaranteed to lose money on this 'investment.

>> No.49761334

>>49761162
but what if I win?

>> No.49761408

>>49761334
Don't let this fool get you down, as long as the jackpot is $416,666,666.67 or greater you have positive EV on that ticket. You did wait for the jackpot to get that high, right?

>> No.49761450

>>49761026
I spent $5,000 on lottery tickets and won $300. A company I used to work for spent $500,000 on lottery tickets and didn't hit the jackpot. Still a better investment than buying LUNA

>> No.49761475
File: 2.31 MB, 3072x3118, tra4ffcjuwu51.png [View same] [iqdb] [saucenao] [google]
49761475

>>49761408
Uhh, it's only $279,000,000 right now. How fucked am I?

>> No.49761950

>>49761475
Sorry, my math is off because I forgot a powerball ticket is $2. You need the jackpot to be $833,333,333.34