# 365 Million

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**1****365 Million**

Just bought my powerball numbers, So when I pick up the $365million on monday, I am going boat shopping!!!!!!!

Dean

Dean

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**2**Senior Member

Join Date: Oct 2003

Location: Virginia Beach, VA

Posts: 1,220

**Re: 365 Million**

The local news ran a story on that lottery. They said that the odds of winning were LESS than they were that you would be struck by lightning. ......... 208 times!

I didn't check their math, but at least it's not like there is no chance at all, right?

I didn't check their math, but at least it's not like there is no chance at all, right?

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**7**Senior Member

Join Date: Oct 2003

Location: Virginia Beach, VA

Posts: 1,220

**RE: 365 Million**

mronzo - 2/16/2006 11:04 PM I'm not sharing it with any of you SOBS! But I will take you fishing on my new (dream )boat !

I am improving YOUR odds by not buying any tickets myself.

please remember myassistance is you should win.

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**8**Senior Member

Join Date: Jun 2003

Location: Norfolk

Posts: 4,030

**Re: 365 Million**

I wonder if the odds of winning still outnumber the number of possible combinations of numbers. In other words, if you spent one dollar on every possible combination would the payout be more than what was spent? Not that I could afford to try!

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**9**Senior Member

Join Date: Oct 2003

Location: Virginia Beach, VA

Posts: 1,220

**Re: 365 Million**

thubert57 - 2/17/2006 7:00 AM I wonder if the odds of winning still outnumber the number of possible combinations of numbers. In other words, if you spent one dollar on every possible combination would the payout be more than what was spent? Not that I could afford to try!

The problem with buying every possible combinationonce the payout equals the cost approach is that you had better be the ONLY one who wins. You also need to factor in taxes, so payout had better be about twice the cost, or you are still behind.

One of my coworkers in Miami once won the lottery.All six numbers, and it was worth millions,

He later found out that it was him, and about 1200 other people. After it was all split up, his millions was afew thousand, and that was it. bummer

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**10**Senior Member

Join Date: Apr 2003

Location: Raleigh, NC USA

Posts: 651

**Re: 365 Million**

thubert57 - 2/17/2006 8:00 AM

I wonder if the odds of winning still outnumber the number of possible combinations of numbers. In other words, if you spent one dollar on every possible combination would the payout be more than what was spent? Not that I could afford to try!

I wonder if the odds of winning still outnumber the number of possible combinations of numbers. In other words, if you spent one dollar on every possible combination would the payout be more than what was spent? Not that I could afford to try!

If the lottery has 6 numbers and 47 possible numbers in each position, the odds are 47x47x47x47x47x47, or one in 10,779,215,329. So, if you spent a little ($779 million) over $10 billion dollars you could insure being at least one of the winners of a net of $103 million. If 10 others "get lucky", you would split the pot and net $10.3 million net on your $10 billion investment.

Thinking you are going to get a fair shake from the government is a suckers bet.

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**11**Senior Member

Join Date: Oct 2003

Location: Virginia Beach, VA

Posts: 1,220

**Re: 365 Million**

yes, but once a number comes up, it can't come up again, so really, only the first number has 47 possibilities, the next has 46, and the next 45. that means the total combinations are only 7.731 billion.

See, the odds are alot better than we first thought!

See, the odds are alot better than we first thought!

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**14**Member

Join Date: Sep 2004

Location: Rock Hill, SC

Posts: 90

**Re: 365 Million**

not quite. The odds are 1 in 146,107,962. There are 55 numbers and 42 for the powerball. The formula is 42*(55/5*54/4*53/3*52/2*51/1). The amount is high enough that if you could garantee that you would be the only winner you could buy all the combinations and win.

I still don't get how the odds are 1 in 68.96 for picking the powerball (according to the website and back of the tickets). There are only 42 numbers, so it should be 1 in 42.

I still don't get how the odds are 1 in 68.96 for picking the powerball (according to the website and back of the tickets). There are only 42 numbers, so it should be 1 in 42.

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**15**Senior Member

Join Date: Oct 2003

Location: Virginia Beach, VA

Posts: 1,220

**Re: 365 Million**

Slappified - 2/17/2006 10:47 AM not quite. The odds are 1 in 146,107,962. There are 55 numbers and 42 for the powerball. The formula is 42*(55/5*54/4*53/3*52/2*51/1). The amount is high enough that if you could garantee that you would be the only winner you could buy all the combinations and win. I still don't get how the odds are 1 in 68.96 for picking the powerball (according to the website and back of the tickets). There are only 42 numbers, so it should be 1 in 42.

Well shoot, I guess I am just not smart enough to play the lottery,

That's really a shame too, cause we shore could use a new mobile home.

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**17**Admirals Club

Join Date: Oct 2002

Location: anderson, sc

Posts: 18,584

**RE: 365 Million**

bellsisland - 2/16/2006 8:33 PM

Just bought my powerball numbers, So when I pick up the $365million on monday, I am going boat shopping!!!!!!!

Dean

Just bought my powerball numbers, So when I pick up the $365million on monday, I am going boat shopping!!!!!!!

Dean

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