/biz/ - Business & Finance

>>52279717
There are laws forbidding it now.
I am playing.

I should go buy a ticket at the corner store but it’s damp and cold from the rain and I cbf.

>>52279726
Don't bother. It's a waste of money and not worth the hassle.

>>52279717
winning the jaxkpot doesn't guarantee you win the full amount multiple people buy the same ticket all the time
especially when numbers like 9 and 11 get picked for the jackpot

>falling for the lottery in 2022
what a fucking embarrassment of a so called business and finance board. the financial literacy of this board at the moment is shockingly low, far below the average for the general population let alone a forum dedicated to finance

>>52279717
>also why are you not playing?
It's a waste of money and time.
https://en.m.wikipedia.org/wiki/Probability_theory

>>52279741
>what a fucking embarrassment of a so called business and finance board.
Yeah I blame Americans.

>>52279717
Ah guess you didn't like your last 39 threads nigger just had to make ONE FUCKING MORE.

>>52279742
>>52279758
>not even American
>complains about an American lottery
When I win the powerball lottery, I'm going to buy your entire country, demolish it, and build a McDonald's in its place.

>>52279787
>when i win
smartest burger to ever live

when i traveled to america with some friends the women asked me if we drove from australia to america. the men asked me if i was from alaska or perhaps even london (not the UK, just london specifically)

these were supposedly college educated americans asking. your country is doomed to fail

after taxes you lose

>>52279837
Better start working on your burger flipping now.

Why do crypto/stock bagholders seethe at people buying lottery tickets?

Once I saw bohemian capital win and the ridiculous mask he wore to collect it I knew it was rigged. Pretty sure early 2016 when Obama was running around the country betting for donors.

>>52279758
guy might sound a little stupid but he's not wrong

>>52279929
I've got no problem people playing when it gets up to record amounts. it's the one's that play everyday and put any winnings back into more tickets. they make crypto/stock bagholders look responsible.

>>52279837
maybe, you are all cousins so congrats on that, seriously.

>>52279741
>risking an inconsequential amount of money for generational wealth
it's a pretty rational decision, anon. but please, go dump more money into shit coins and meme stocks.

>>52279994
>inability to calculate ER of a trade
please, anon, continue playing the financial markets with blinders on. you are a gimp ripe to be fucked and, lucky for me, you come a dime a dozen

dumb cunt

>>52279741
Bro I threw $10 at it. You sound more than that a day on onions lattes.

>>52279741
>nooo you can't spend $10 sub-optimally it's a fucking embarrassment to finance!!
>spends hours of his life every day posting on anime boards

>>52279741
Fuck off nigger, I'm going to win

>>52279741
This anon has no hope within his soul

For one thing there are 40 billion possible tickets, costing $80b

>>52280215
There's only 292 million tickets.
>(69 choose 5)*26
Each ticket costs 2 dollarydoos so hypothetically 585 mil would be enough to guarantee a win

>>52280112
This anons an attention seeking samefaggot who's spamming the catalog like a redneck nigger.

>Time goes by so slowly for those who wait
>No time to hesitate
>Those who run seem to have all the fun
>I'm caught up
>I don't know what to do

thank you anons who made these threads
i bought some tickets a few days ago and won 50,000 dollars on one, pictured with my wife (left)
just 1 number off, oh well!

>>52281051
Why couldn't Blondie have sung that instead of that hag, Madonna?

>>52281066
nice, did you buy into the current drawing?

>>52281171
i tried to, but they cut off tickets an hour before and i didn't know that, so none for me. already used up all my luck on the 50k hit anyways

>>52281066
Wow it's true
Good job

>>52279742
>>52279741
you got BTFO

>>52281196
Bro nice

>>52281004
69x69x69x69x69x26 is over 40 billion

>>52279787
lmao

>>52279717

lump some after taxes is less than 500m, you'd have to pay like 600m to get every combination.

>>52281307
That's not how you calculate probabilities.

If you want to win a lottery with numbers 1 through 3 and two draws you need to buy 3 tickets in total (1 and 2, 1 and 3, 2 ad 3). This funtion written as "3choose2" and is equal to 3. You wouldn't do 3x2. Similarly for powerball you need to solve "69choose5"×"26choose1", not simply multiply things together.

Wut

The winning numbers are... 6 9 4 20 42 69 Powerball 13

the numbers mason

All numbers have been chosen, so unfortunately we'll have to cancel tonight's drawing. Thanks for playing!

RIGGING CONFIRMED

>>52279740
This. why do so many people ignore this? Even BS articles about how its positive EV, even though 3 or more people will probably win at this point.

>>52281399
>>52281469
true,
but you still have to pay taxes and risk a split pot

First elections, now the lottery…. They are mocking the peasants at this point

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

https://twitter.com/search?q=powerball+live+drawing

STOP THE STEAL!!!!

THE FIX IS IN

waiting stream: https://www.youtube.com/watch?v=ANDZ_MwxyPQ

>>52279837
>college educated
Well that's more of a problem than the American part.
American colleges are easier to get good grades in than middle schools, let alone high schools.
t. Got a BFA degree from a private school and got ten different awards with minimal effort from home

/biz/ pls help, I borrowed 3 million from the mob to buy tickets, figuring it would give me a 1% chance of winning the jack pot, and a pretty high chance of at least breaking even, but now I don't even have an answer.
I told them it was for a drug deal and they want the money or the drugs by tomorrow. Can you shill me a 1000X coin that I can redeem by tomorrow?

>>52281630
>Thanks for playing!

>>52281630

Jews up to their usual tricks.

>>52281630
Holy shit the CEO of powerball was just seen boarding a flight to Tahiti

No refunds, thanks for playing

>>52281687
Oh darn. I’m going to miss that $8

>>52281630
https://powerball.com/refunds

>>52281666
>Satan names the Synagogue of Himself
checked

>>52281722
You all got scammed hard by the jews yet again.

Ohio just called me. I gave them my numbers. Thanks for playing.

>>52281066
>>52281196
did you choose your numbers or let the computer pick it?

>>52281623
The main guy there in that live feed keeps belittling any conspiracy notions. He has quite the nose too.

>>52281874
i simply walked up to the fine black gentleman at the register and said "give me 15 powerball tickets"
the last one he printed won me 50,000

>>52279717
A tax on the poor!!! >:(

Anons lets get an N tower going in the stream.

Okay everytime I see someone say the lottery is a bad buy, its under the assumption that your wasting hundreds a month in tickets, because yeah that's the only way you can realistically say that. Otherwise it doesn't work if you play once in a while.

There is pretty much nothing with a higher reward ratio than the lottery. 2 dollars cash spent on the lottery once in a while, is a better investment than virtually anything else you can do with that two dollars. You can't invest 2 dollars cash, fees alone would fuck you over, and even if could, you would then need to correctly pick a stock that has a return of 100000000% in order to rival what the lottery would give you for two dollars.

In fact it doesn't even really work for the numbers they use (sometimes)
this for example
>Spending $5 per week on lottery tickets adds up to $260 per year. Over 20 years (a typical long-term investment horizon for stocks and bonds), the total spent on lottery tickets would be $5,200. Putting $260 per year into stocks (and assuming annual returns of about 7% based on equities' historical performance) would leave you with $11,015 after 20 years. But if you just spent the money on lottery tickets you'd only be left with your (likely negligible) prizes won.

>field too long
wtf tell me how much characters over the limit I am

continued....

What is gonna change your life more? $11,015 in 20 years or being a fucking millionaire today? They don't take in to account the vast difference between having a couple extra thousand decades later vs being a multimillionaire now. When this is taken into account, it's makes it much more worth it. The thing is for a lot of people playing, they're locked into poverty regardless of if they save that 2 dollars or spend it on the lottery.
I guess to put it all simply... Save and invest the 2 dollars, your chance of getting out of poverty is 0% due to it. Spend it on the lottery, you have a very small chance but it's higher.
By the way, the time spent also needs to be taken into consideration. Sure you could do some kind of straw millionaire deal and painstakingly trade your way up to a million dollars from that 2 dollars. But even if it did work, which it has a low chance of working in the first place, probably less than a powerball ticket, it would take far far longer than the time spent buying a ticket at the corner store.

>They tweeted this out then immediately deleted it

>>52281897
kek

>>52281967
>>52281952
average 4chan time horizon = 10 minutes
you're better off adding your $2 to a savings account and then investing that once it gets large enough.

You will not win the lottery. You'll sooner suffocate in a room full of air.

Try this for me, flip a coin 28 times. If you get heads for every flip, go buy a ticket

>>52282031
If I flip heads 28 times I’m guaranteed to win?

>>52282031
Actually I'll make this easier, for everyone at home.

Try get a run of 28 in a row, count both heads and tails (start again each time a different face lands up)

WHAT A FUCKING RUGPULL HAHHHAHAHAHHA HOLY FUCK SO DID THEY DRAW OR DID SOME1 RIG IT

>>52279741
>pocket change investment
>potential billions of profit
I guess you didn't buy BTC a decade ago either huh.
Are you sure you aren't the financial illiterate?

>>52282099
the story is there is one state that didn't follow security protocols. So either a rigging or someone tried to scam the lotto by printing a gorillion tickets

>>52282118
What were the odds of btw hitting 20k back in 2009

>>52282143
Gorilla tickets?

>>52282143
LIFE IS ONE GIANT RUGPULL

>>52282079
If you actually managed to get 28 heads in a row, go ahead and buy a ticket

>>52282031
There is no need for getting a bunch of quarter flips in a row right in order to win the lotto on one try. All you need to do is show up and play at the time that God wills you to win. If God wills you to win and you rebel against Him and do not get a ticket then you really fucked yourself in the ass. You should have been humble and followed the voice of the shepherd, retard. I just play every now and then to give God the opportunity to bless me in that way if He wants to, but if He doesn't then that is fine too, I just want whatever He wants for me because He knows way better than I do.

>>52282195
Yes but Hee will show you the light by having the coin bounce at a weird angle straight into your eye earning you disability payments for the rest of your life. Saves you having to go buy a ticket. God's a smart gal

>>52282195
Praise allah

>>52279717
Honk Honk..

>>52282031
>>52282089
Except the REALITY is that people DO win the lottery. And they don't have to play your stupid game of flipping a coin 28 times and it landing on heads to do so. They win by merely buying a ticket. A small chance does not mean 0 chance.

>you're better off adding your $2 to a savings account and then investing that once it gets large enough.
Better off in that you will have a couple more thousand in a few decades (which will actually be much less due to inflation), if you're still alive. You gave your self a 0% chance to be a multimillionare at any point in your life for this.

>>52280053
>he doesn't understand probability distributions have more than one moment
big yikes

>>52282268
I personally know someone who won over one million a few years ago, you are right, it definitely happens.

>>52282195
>I just play every now and then to give God the opportunity to bless me in that way if He wants to
This is really just how it works. If you NEVER play you just aren't even giving yourself the chance.

>>52282235
And this reply ties in to the other part of my argument.
Disability payments aren't going to make you a multimillionaire like the lottery could. Even the most freak of freak coincidence windfalls can't compare to the lottery which is in a league of its own, anything comparable in odds is gonna pay less.
Anything that could pay similarly has even worse odds. Sorry but I'm gonna say the odds of you being warren buffets illegitimate child and him wanting to leave you his fortune when he dies is even lower than winning the powerball.

Fuck this I’m going to bed

>>52282428
>If you NEVER play you just aren't even giving yourself the chance
Das rite. I only play a max of once per month, just to give the LORD GOD Almighty His chance to shine the light on me.
>>52282444
checked!

>>52279717
its 3 dollars so that ups entry cost by 50% from what you're proposing
Risk is substantial if someone else does it. Or if 2 more people do it
Or if a pleb wins by spending just 3$

the problem with lottery isn't the money spent, it's the time spent for this including the time spent talking about it and what if i win

>>52282479
that's fun time though

powerball drawing delayed "due to a technical issue". lmfao wtf issue is that? that i have the winning ticket and they need to fire up CERN to split this reality up to the point that i don't win anymore? lol wtf bros.

How do you retards not know you need to spend 3$ on the ticket to win the jackpot

>>52282479
This is rare. I never talk about them, I just pick up a ticket while already out for something else and toss it if it loses, Tonight is an event way outside the usual.

>>52282550
its $2

>>52279994
Simple tax on morons. Numbers rackets aren't for white people, anon

>>52281630
>mfw do kwon has the winning numbers

Lottery= nigger and retarded npc cattle tax.

>>52279741
playing the lottery is unironically a better investment than browsing this shithole

>>52279717
>>52279741
Just do this to scratch the retard itch you american fucikign retards, its impossible to win anything in this scam

lottosimulation
com
us
powerball

>EXIT SCAM
EXIT SCAM
>EXIT SCAM
EXIT SCAM
>EXIT SCAM
EXIT SCAM
I WANT A REFUND REEEEEEEEEEEEEEEEEEEEEEEE

Guys im going to win soon, trust the plan!!!

pretty sure these threads are paid advertisements

>>52281066
Checked and nice trib on the winning ticket.

I made the first thread a few days ago. Congrats, bro. I didn’t buy all the tickets like I said I was going to, but now /biz/ is rife with discussions on the lotto and discussion over the potential for cheating the system—as intended.

Feeling it this time. Send me your energy, anon.

>>52281066
she looks so proud of you LOL

>>52279741

Statistically speaking it's actually profitable at this jackpot level, every ticket is +EV as long as it's not rigged.

>>52284000
>>52284036
yes anon it's impossible to win the lottery, no one has ever won the lottery you are a genius

>>52279741
we're on a gambling board after all

>>52284289
are you actually this much of a braindead retard nigger? if the lotto was +EV they would not run the lotto you stupid fucking retarded fucking NIGGER

>>52282479
yea its this theres over 300 million possible number combinations for the powerball, if every single ticket took 1 minute to fill out purchase and enter into the system that would take over 200000 days to complete

>>52279994
you may as well just throw that $2 straight into the trash, it has similar odds of netting you the win.

>>52279717
I guess the lottery people haven't thought about this anon. I think you just cracked the code to free money.

>>52279717
a lot of multimillionaires would have to split it then, so they would in turn take a loss after taxes, not worth it. plus, how much longer am i going to have to stay up till they figure this drawing shit out? interesting that this is all happening at the same time FTT is about to get margin called

>>52281066
>"Congratulations sir, that will be $3.50 after tax and handling fees"

>>52284405
It doesn't though

>>52284036
>>52284316
Have I been missing out on the easiest way to make it in life this entire time? Took me 70k in tickets to make this am, and the only reason the losses are so high is cause it automatically deducts tax costs from winnings.

https://lottosimulation.com/us/powerball

>>52282268
>>52284316
Can either of you fine gentlemen tell me how many people have lost the lottery though? Nobody seems to want to talk about that for some reason.

>>52279717
>Spend 700 million on 350 million tickets
> Lose
V
>Win 1.9B
>Taxed to 1 billion immediately
> pay another 500M in taxes
>Lose 200M

I wonder why

>>52284974
plenty of people duh
that doesn't mean the guy who won ceases to exist

>>52284550
Odds of winning if you throw your $2 in the trash: 0%
Odds of winning if you buy one ticket: 0.00000000342%

>>52286260
Anon. You won't win.

>>52282195
>>52282428
Exactly anons. At least buy one ticket and should God will then His will be done. That's why when I win I will make a religious organization and the money goes into that.

Inb4.
>You're just doing that to evade taxes!

>>52285591
>plenty of people
lmao that's so disingenuous. Of course someone has to win by nature of a lottery being probabilistic. Over billions of attempts, the odds of even extremely unlikely events occuring once nears 100%. But to focus on the one winner instead of the literally hundreds of millions of losers is statistical illiteracy at its finest. I'm sorry your peabrain can't conceive of such unfathomable odds, but you and everyone you will ever know will be part of the 99.99999999% of humanity that will never win. Ever.

>>52279717
So several hundred multimillionaire do that, and then several hundred people split the jackpot. Better hope it covers what you spent.

finally

>>52287761

>33

Masons at it again.

>>52287761
Did anyone win the jack?