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20 Jan 2006, 15:30
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#1
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Euromillions
Well I thought I would notify you guys of the old lottery taking place tonight, with a record 85million pound jackpot, must be worth a little gamble right?
__________________
pig
[ 1u p]
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20 Jan 2006, 15:33
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#2
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: Euromillions
Quote:
Originally Posted by pig
Well I thought I would notify you guys of the old lottery taking place tonight, with a record 85million pound jackpot, must be worth a little gamble right?
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Aye-aye Captain Jackass.
__________________
Some might ask what good is life without purpose but I'm anticipating a good lunch.
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20 Jan 2006, 15:58
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#3
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: Euromillions
I'm not really sure if it matters whether it's a £1 million prize of an £80 million prize tbh. Unless you were planning on buying five million tickets or something.
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20 Jan 2006, 16:13
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#4
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Hi there ...
Join Date: May 2004
Posts: 481
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
I'm not really sure if it matters whether it's a £1 million prize of an £80 million prize tbh. Unless you were planning on buying five million tickets or something.
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only that your chances on 80 millions are a lot lower because a lot more people will try to get them :/
i never played lottery ...
__________________
#Reunion
[Ascendancy] - While you were trying, we were sleeping
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20 Jan 2006, 16:13
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#5
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The Twilight of the Gods
Join Date: Jan 2001
Posts: 23,481
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
I'm not really sure if it matters whether it's a £1 million prize of an £80 million prize tbh. Unless you were planning on buying five million tickets or something.
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Well, for this kind of thing it's risks vs potential benefits.
Quote:
Originally Posted by jupp
only that your chances on 80 millions are a lot lower because a lot more people will try to get them :/.
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Your chance to win a proportion of the jackpot is the same, it's just a matter of if 80 times more tickets are bought that it becomes a comparable situation, and that's only assuming you won one of the non-fixed prizes.
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20 Jan 2006, 16:16
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#6
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: Euromillions
Quote:
Originally Posted by MrL_JaKiri
Well, for this kind of thing it's risks vs potential benefits.
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I'm presuming that there's some sort of law of diminishing returns on how much fun you could have with money. £1m would change my life considerably, mean I never had to work again, give me security, etc....£80m would do the same and mean I could buy an entire housing estate and make everyone call me Lord Dante in lieu of paying rent.
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20 Jan 2006, 16:20
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#7
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: Euromillions
I'd just have continuous money fights. The more money you have the more people can play!
__________________
Some might ask what good is life without purpose but I'm anticipating a good lunch.
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20 Jan 2006, 16:21
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#8
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Registered User
Join Date: Jan 2003
Posts: 4,290
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
I'm presuming that there's some sort of law of diminishing returns on how much fun you could have with money. £1m would change my life considerably, mean I never had to work again, give me security, etc....£80m would do the same and mean I could buy an entire housing estate and make everyone call me Lord Dante in lieu of paying rent.
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'diminishing marginal utility'
__________________
im not tolerant, i just dont care.
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20 Jan 2006, 16:26
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#9
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Klaatu barada nikto
Join Date: Mar 2000
Location: St. Paul, Minnesota
Posts: 3,237
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
£80m would do the same and mean I could buy an entire housing estate and make everyone call me Lord Dante in lieu of paying rent.
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All your long-lost relatives.
__________________
The Ottawa Citizen and Southam News wish to apologize for our apology to Mark Steyn, published Oct. 22. In correcting the incorrect statements about Mr. Steyn published Oct. 15, we incorrectly published the incorrect correction. We accept and regret that our original regrets were unacceptable and we apologize to Mr. Steyn for any distress caused by our previous apology.
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20 Jan 2006, 17:19
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#10
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Caveat Lector
Join Date: Feb 2003
Location: Tucson, Arizona
Posts: 3,038
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Re: Euromillions
Quote:
Originally Posted by MrL_JaKiri
Your chance to win a proportion of the jackpot is the same, it's just a matter of if 80 times more tickets are bought that it becomes a comparable situation, and that's only assuming you won one of the non-fixed prizes.
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I don't know how your lottery works, but if can you pick your own numbers, it in creases the possibility that you would end up sharing your winnings as the likely hood that someone else picked your number increases (especially if you picked numbers others are likely to pick 7,13, 42, 69, etc.
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20 Jan 2006, 17:23
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#11
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The Twilight of the Gods
Join Date: Jan 2001
Posts: 23,481
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Re: Euromillions
Quote:
Originally Posted by s|k
I don't know how your lottery works, but if can you pick your own numbers, it in creases the possibility that you would end up sharing your winnings as the likely hood that someone else picked your number increases (especially if you picked numbers others are likely to pick 7,13, 42, 69, etc.
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Our lottery works by picking 6 numbers between 1 and 49.
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20 Jan 2006, 17:31
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#12
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Registered User
Join Date: Jan 2005
Posts: 3,174
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Re: Euromillions
Quote:
Originally Posted by pig
Well I thought I would notify you guys of the old lottery taking place tonight, with a record 85million pound jackpot, must be worth a little gamble right?
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Seek help.
__________________
If one person is in delusion, they're called insane.
If many people are in delusion, it's called a religion.
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20 Jan 2006, 17:32
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#13
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Caveat Lector
Join Date: Feb 2003
Location: Tucson, Arizona
Posts: 3,038
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Re: Euromillions
Quote:
Originally Posted by sniborp
Seek help.
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I play sometimes. Somebody's gotta win.
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20 Jan 2006, 17:36
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#14
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Clerk
Join Date: Jun 2001
Posts: 13,940
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Re: Euromillions
Quote:
Originally Posted by s|k
I don't know how your lottery works, but if can you pick your own numbers, it in creases the possibility that you would end up sharing your winnings as the likely hood that someone else picked your number increases (especially if you picked numbers others are likely to pick 7,13, 42, 69, etc.
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Yes, but that doesn't matter particularly.
Let's say, for the sake of argument, that it's a million to one odds to win. The prize is a £1m. A million people play (keeping this simple) and one person wins the full prize.
Now, it's the same lottery so same odds but the prize is now £80m because 80m people have bought tickets. 80 people pick the same (winning) numbers and they all win £1m each. Obviously that's a really simplistic case but the point is the odds of winning remain exactly the same. You're more likely to share your prize, but it's a bigger prize proportionally, so it doesn't matter.
Obviously there are some numbers which are more popular than others, but that's not really related to how many people play per week.
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20 Jan 2006, 17:40
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#15
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Registered User
Join Date: Jun 2000
Posts: 8,476
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Re: Euromillions
Quote:
Originally Posted by s|k
I don't know how your lottery works, but if can you pick your own numbers, it in creases the possibility that you would end up sharing your winnings as the likely hood that someone else picked your number increases (especially if you picked numbers others are likely to pick 7,13, 42, 69, etc.
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I doubt this is true; if you used a random number generator for your own numbers while everyone else chose theirs freely (and refused to use any silly combinations the RNG produced like 1,2,3,4,5,6), I assume you'll have a slightly higher expected win amount than in a lottery where everyone was randomly allocated.
Consider the 100 person case where (if given free choice), 5 people will chose 1,2,3,4,5,6 while you use a RNG programmed to exlude that particular combination. Its obvious that your expected returns will be slightly higher than in the fully random case since youre deliberately excluded an (equally probably) combination which would result in you winning less due to splitting.
The key point is that youre picking randomly while others are clustering (to an admittedly small degree) around a particular group of numbers, which gives you a slight advantage. If everyone was randomly allocated, it would be an equal playing field.
edit: I didnt read the context of your post; Dante is right. Multiplying the number of players by the same constant factor that the prize is multiplied by doesnt affect the expected winnings, because you arent actually changing any of the distributions. Winning 80 million and sharing it with 79 other people is the same as winning 1 million outright. However in this particular case, the prize is being multipilied by a number thats almost certainly greater than that which the number of players is being multiplied by (I doubt theyll sell anywhere near 4x as many lottery tickets), so you have a higher expected value than in the normal lottery.
Last edited by Nodrog; 20 Jan 2006 at 18:04.
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20 Jan 2006, 17:42
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#16
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Next goal wins!
Join Date: Sep 2000
Location: London
Posts: 5,406
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
I'm presuming that there's some sort of law of diminishing returns on how much fun you could have with money. £1m would change my life considerably, mean I never had to work again, give me security, etc....£80m would do the same and mean I could buy an entire housing estate and make everyone call me Lord Dante in lieu of paying rent.
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I let someone wipe out his debts to me (fairly considerable at the time i think, around fifty quid at age 17) by always referring to me as "Lord Henry" throughout the rest of the term.
__________________
bastard bastard bastard bastard
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20 Jan 2006, 18:02
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#17
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For Crowly <3
Join Date: Aug 2003
Location: Luton, England
Posts: 1,391
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Re: Euromillions
My numbers
09, 15, 30, 40, 44 || 05, 06
08, 10, 22, 26, 46 || 02, 09
24, 26, 38, 46, 48 || 02, 05
__________________
[14:53:26] * Keiz`afk has joined #support
[14:53:36] <Keiz`afk> THE SMUDGE CHEERLEADING TEAM HAS ARRIVED
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20 Jan 2006, 18:21
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#18
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Re: Euromillions
I had two lucky dips and two I chose myself, its just a little bit of fun, considering ive just lost £40 at the bookies i dont mind losing this money of £6 for 4 tickets. Have faith, btw If I win GD will have one hell of a meet (barbados anyone?)
__________________
pig
[ 1u p]
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20 Jan 2006, 18:22
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#19
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Registered User
Join Date: Jan 2005
Posts: 3,174
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Re: Euromillions
You must spread some Reputation around before giving it to pig again.
You better win or I'll neg rep you.
__________________
If one person is in delusion, they're called insane.
If many people are in delusion, it's called a religion.
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20 Jan 2006, 18:26
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#20
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Re: Euromillions
__________________
pig
[ 1u p]
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20 Jan 2006, 18:34
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#21
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WANNASEEMYNEWCHAINSAW
Join Date: May 2000
Location: Éire
Posts: 2,738
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Re: Euromillions
LIsten, it's one in 74 million to one to win. No matter how many play you still have the same odds. No matter how many times it's rolled over, you still have the same odds.
But, again, you have some odds (however small) of winning if you participate.
The woman who won the last largest jackpot, Dolores McNamara who won €115million, lives up the road from me.
She bought her ticket in a local shop, Garryown Stores.
For a laugh I've bought my €4 ticket there.
I think it's just a bit of fun to participate. If you're the type of person to whinge about how unlikely it is, then your missing the point.
If you're the type of person to buy €100 worth of tickets, then you're missing the point too I think.
I'd laugh my arse off if I won, mainly as the same local shop would have sold the two record settting jackpot wins. And the combined personal wealth of our street would rise to above €240 million.
Good luck anyway to those who've entered.
__________________
I came, I saw, I shouldn't mix pleasure with carpentry.
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20 Jan 2006, 18:35
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#22
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Old Man O Deh *****s
Join Date: Apr 2000
Location: In spelelpee land
Posts: 3,516
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Re: Euromillions
Quote:
Originally Posted by Smudge
My numbers
09, 15, 30, 40, 44 || 05, 06
08, 10, 22, 26, 46 || 02, 09
24, 26, 38, 46, 48 || 02, 05
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Nice numbers, mind if I use them too?
__________________
Dead_Meat
You dont need to keep beating a dog to get it to stop shitting on the carpet
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20 Jan 2006, 18:36
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#23
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Drink is Good
Join Date: Sep 2004
Posts: 2,122
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Re: Euromillions
might buy a ticket, or a pint depends how i feel:|
__________________
Can we please have a moment of silence...........
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20 Jan 2006, 18:36
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#24
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WANNASEEMYNEWCHAINSAW
Join Date: May 2000
Location: Éire
Posts: 2,738
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Re: Euromillions
Quote:
Originally Posted by pig
btw If I win GD will have one hell of a meet (barbados anyone?)
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ditto :P
Though perhaps Antigua?
No,no I have the perfect place. Unleash this great unwashed board on Monaco in the summer...muhahahaha.
__________________
I came, I saw, I shouldn't mix pleasure with carpentry.
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20 Jan 2006, 18:39
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#25
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Caveat Lector
Join Date: Feb 2003
Location: Tucson, Arizona
Posts: 3,038
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Re: Euromillions
Quote:
Originally Posted by IncubusGod
LIsten, it's one in 74 million to one to win. No matter how many play you still have the same odds. No matter how many times it's rolled over, you still have the same odds.
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If the odds are 1 in 74 million, surely if you buy two tickets with different numbers the odds are now 2 in 74 million?
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20 Jan 2006, 18:44
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#26
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WANNASEEMYNEWCHAINSAW
Join Date: May 2000
Location: Éire
Posts: 2,738
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Re: Euromillions
Quote:
Originally Posted by s|k
If the odds are 1 in 74 million, surely if you buy two tickets with different numbers the odds are now 2 in 74 million?
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The odds are practically the same as to be imperceptibly different. You're still more likely to be killed by an exploding toilet at 1 in 74milllion as you are with 2 in 74million.
P.S. The odds of being struck by lightening are 1 in 2million, so you're 37 times more likely to be killed by a god bolt than win the Euromillions tonight.
__________________
I came, I saw, I shouldn't mix pleasure with carpentry.
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20 Jan 2006, 18:46
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#27
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Re: Euromillions
Exactly incubusgod, its a laugh. You wont win, but if you do then awesome, its still better way to spend a few quid than put it in a gambler.
Antigua sounds good ;p
__________________
pig
[ 1u p]
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20 Jan 2006, 19:46
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#28
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Henry Kelly
Join Date: Apr 2000
Posts: 7,374
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Re: Euromillions
I threw £6 on it for shits and the other thing.
__________________
You're now playing ketchup
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20 Jan 2006, 19:53
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#29
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Euromillions
£7.50 here. 2 for me , 2 for the girlfriend , and one random i put the wrong numbers for.
__________________
And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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20 Jan 2006, 19:58
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#30
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Bored
Join Date: Apr 2001
Location: Nottm ->Shef ->Croydon ->Manc ->Durham ->Sheffield
Posts: 6,506
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Re: Euromillions
i buy a ticket with the syndicate at work.
If we win the Home Office is going to shit
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20 Jan 2006, 20:23
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#31
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Generic funny comment.
Join Date: May 2000
Location: Basingstoke, UK
Posts: 136
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Re: Euromillions
Seems to me it makes more sense to just stick with the good old National Lottery, you're over 5 times more likley to win that jackpot than the Euromillions one. Is £85 million really going to change your life that much more than £5 Million? That plus I never understood the way people suddenly play more when the jackpot is higher after a few rollovers, it just means the odds are there'll be more winners so the huge jackpot prize dilutes to a normal sized jackpot prize per winner anyway and it's not like your chance of winning is improved just because the prize fund is bigger!
Odds of jackpot win:
Euromillions = 50!/45!/5! * 9!/7!/2! = 1 in 76,257,360
Lotto = 49!/43!/6! = 1 in 13,983,816
__________________
- GlimmerMan
Kick the Baby! - did we rock your world?
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20 Jan 2006, 20:40
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#32
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Next goal wins!
Join Date: Sep 2000
Location: London
Posts: 5,406
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Re: Euromillions
comparing odds on different lotteries is like comparing aids to cancer. It's just never going to happen.
__________________
bastard bastard bastard bastard
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20 Jan 2006, 21:21
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#33
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Re: Euromillions
Quote:
Originally Posted by Emperor Rozenski
snip
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you dont get it do you?
you dont play the lottery because you can win, its a fantasy bet, its cheap and a dream. If you win you just gained a dream cheaply. If you lose, you lose, big deal you arent going to lose sleep over it.
__________________
pig
[ 1u p]
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20 Jan 2006, 21:30
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#34
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________
Join Date: May 2002
Location: Somwhere I belong
Posts: 4,474
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Re: Euromillions
Quote:
Originally Posted by IncubusGod
She bought her ticket in a local shop, Garryown Stores.
For a laugh I've bought my €4 ticket there.
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Did any of the chavs beat you or her up then? I'm sure they hang outside of shops.[/poor joke]
__________________
Quote:
Originally Posted by blink 182
Breathing deeply, walking backwards,
finding strength to call and ask her
Roller coaster favorite ride,
let me kiss you one last time.
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20 Jan 2006, 21:43
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#35
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Synaptidian
Join Date: Jan 2001
Posts: 256
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Re: Euromillions
i hope someone thats won the lottery has had this conversation with a dubious person, and went back and just went "HA!"
I dont do the lottery btw :P
__________________
#eXcessum forever \o/
<vampy> Cheek is 1337
<Zeus> Cheek is 1337 <-- maybe?
<idimmu> Cheek is 1337
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21 Jan 2006, 08:18
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#36
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For Crowly <3
Join Date: Aug 2003
Location: Luton, England
Posts: 1,391
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Re: Euromillions
its another rollover
estimated jackpot is £100 million
__________________
[14:53:26] * Keiz`afk has joined #support
[14:53:36] <Keiz`afk> THE SMUDGE CHEERLEADING TEAM HAS ARRIVED
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21 Jan 2006, 11:05
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#37
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1up on you
Join Date: Mar 2002
Location: Birmingham, UK
Posts: 4,007
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Re: Euromillions
yep I didnt win, will try next week ;o
__________________
pig
[ 1u p]
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21 Jan 2006, 13:15
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#38
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Banned
Join Date: May 2001
Location: Further to the right
Posts: 19,441
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Re: Euromillions
I shall buy a ticket next week. I'm due a bit of good ****ing luck so **** you god if you **** me over again.
__________________
Some might ask what good is life without purpose but I'm anticipating a good lunch.
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21 Jan 2006, 16:54
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#39
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WANNASEEMYNEWCHAINSAW
Join Date: May 2000
Location: Éire
Posts: 2,738
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Re: Euromillions
Didn't win either.
*shakes fist at the sky*
DONT MAKE ME COME UP THERE!
__________________
I came, I saw, I shouldn't mix pleasure with carpentry.
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21 Jan 2006, 17:03
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#40
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Old Man O Deh *****s
Join Date: Apr 2000
Location: In spelelpee land
Posts: 3,516
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Re: Euromillions
Quote:
Originally Posted by JonnyBGood
I shall buy a ticket next week. I'm due a bit of good ****ing luck so **** you god if you **** me over again.
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Looks like the whole 'luck of the irish' missed you, sucka
__________________
Dead_Meat
You dont need to keep beating a dog to get it to stop shitting on the carpet
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21 Jan 2006, 17:12
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#41
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Jazz Man
Join Date: Jan 2003
Posts: 1,494
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Re: Euromillions
I WON!
...no not really. not even a bean.
__________________
Marv
Ex ROCK HC & PA Team Head of Support.
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22 Jan 2006, 00:02
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#42
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#planetarion
Join Date: Feb 2002
Location: Birmingham, UK
Posts: 1,538
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Re: Euromillions
No-one won the jackpot, so it's up for grabs again next Friday, and currently predicted to be over £100,000,000 (€146,000,000 approx)
Code:
Match All Irish Prize
Winners Winners
5 + 2 Stars 0 0 €0
5 + 1 Star 18 1 € 373,221
5 23 0 €82,889
4 + 2 Stars 261 4 €5,217
4 + 1 Star 3,645 95 €249
4 5,539 136 €115
3 + 2 Stars 12,248 283 €74
3 + 1 Star 157,305 4,084 €29
2 + 2 Stars 180,780 4,224 €22
3 244,081 6,135 €17
1 + 2 Stars 971,110 23,201 €9
2 + 1 Stars 2,330,229 60,385€9
__________________
- A2
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22 Jan 2006, 00:09
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#43
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Registered User
Join Date: Jul 2003
Location: UK , Nottingham
Posts: 138
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Re: Euromillions
if i win ill pay for another free rd of pa
................................................prepare to pay for your own credits
__________________
Just some n00b
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22 Jan 2006, 02:46
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#44
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^ ^ Clearly Stolen ^ ^
Join Date: Aug 2002
Location: Exeter
Posts: 753
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Re: Euromillions
hmm, i might buy a ticket or 2 this week, im also due some good luck, but God hates me, so ill win £2.50 or something stupid like that....
__________________
This is a stick - |
This a squiggly line - S
This is a hole - o
This is a man in a wheelchair - &
and that was my sig.
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22 Jan 2006, 04:57
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#45
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Caveat Lector
Join Date: Feb 2003
Location: Tucson, Arizona
Posts: 3,038
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Re: Euromillions
Quote:
Originally Posted by Superpig #1
hmm, i might buy a ticket or 2 this week, im also due some good luck, but God hates me, so ill win £2.50 or something stupid like that....
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If God really hated you you'd end up breaking both your legs on the way to the get the ticket, so you'd end up in the hospital and have to ask your friend to get it, and before he get's back you choke on some hospital food and they put you in intensive care because you went into a coma so your friend stuffs the lottery tickets in the pocket of your hospital gown and soon you wake up and then as the winning lottery numbers are announced the hospital has an electrical outage as they call of your winning numbers sparks fly around the tv, set the roof on fire, the bolts holding the tv to the ceiling come off, the thing drops, lands on the edge of your bed causing it to flip, throwing you down on your neck, it breaks and your cup of tea ruins your new clean, white, hospital socks as you die in the dark in agony. The nurse who gave rough treatment spots the ticket and gets all the winnings. Your family and all your friends end up bankrupt and homeless without you to support them.
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22 Jan 2006, 12:33
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#46
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Henry Kelly
Join Date: Apr 2000
Posts: 7,374
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Re: Euromillions
Hey I won £7.30. £1.30 profit eh, not spectacular but it's a start.
__________________
You're now playing ketchup
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22 Jan 2006, 12:34
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#47
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The Twilight of the Gods
Join Date: Jan 2001
Posts: 23,481
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Re: Euromillions
Quote:
Originally Posted by pablissimo
Hey I won £7.30. £1.30 profit eh, not spectacular but it's a start.
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Luck of the people who are quite close to Ireland sometimes.
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23 Jan 2006, 03:33
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#48
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Registered User
Join Date: Dec 2005
Posts: 227
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Re: Euromillions
Quote:
Originally Posted by Dante Hicks
Yes, but that doesn't matter particularly.
Let's say, for the sake of argument, that it's a million to one odds to win. The prize is a £1m. A million people play (keeping this simple) and one person wins the full prize.
Now, it's the same lottery so same odds but the prize is now £80m because 80m people have bought tickets. 80 people pick the same (winning) numbers and they all win £1m each. Obviously that's a really simplistic case but the point is the odds of winning remain exactly the same. You're more likely to share your prize, but it's a bigger prize proportionally, so it doesn't matter.
Obviously there are some numbers which are more popular than others, but that's not really related to how many people play per week.
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Understand the point your making, but just one extra point I'd like to add to it:
Theres probably some kind of elasticity law that describes how the amount of people playing changes in comparison to the jackpot, and I'd be prepared to put a good lot of money into saying it aint a linear relationship like described above. Theres only so many people who have the potential and the motivation to actually buy a ticket...
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23 Jan 2006, 03:40
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#49
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Has Soup On His Head
Join Date: Aug 2000
Posts: 10,095
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Re: Euromillions
If i win £100 Million , trust me , my football team are going to Disneyland. Or the SPL. One of the two.
__________________
And the Banker, inspired with a courage so new
It was matter for general remark,
Rushed madly ahead and was lost to their view
In his zeal to discover the Snark
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23 Jan 2006, 04:16
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#50
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Caveat Lector
Join Date: Feb 2003
Location: Tucson, Arizona
Posts: 3,038
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Re: Euromillions
Quote:
Originally Posted by Kurashima
If i win £100 Million , trust me , my football team are going to Disneyland. Or the SPL. One of the two.
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You're going to spend your winnings on a team of people you barely know because they kick a ball around. Amazing.
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