- Magnetic North
- Dec 15, 2008
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Beware the Forest's Mushrooms
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The FAQ on the Powerball website is actually kinda funny. I guess I would be sarcastic too if I knew that every single person who emailed me is stupid because they are playing the lottery.
Powerball FAQ posted:
YOUR ODDS / PROBABILITIES ARE WRONG.
Are not. Sure, the odds of matching 1 red ball out of 26 are 1 in 26, but we are not giving the odds for matching a red ball. We give the odds for winning a prize for matching one red ball ALONE. If you match the red ball and one or more white balls, you win some other prize, but not this prize. The odds of matching one red ball ALONE are harder than 1 in 26 because there is some risk that you will also match one or more white ball numbers - and then win a different prize.
Some persons who enjoy statistics (they do really exist) will come up with odds of 1 in 17 billion for the jackpot prize. Remember that you don't need to match the numbers in exact order - we use combinations to determine the probabilities for the first five white balls and not permutations.
DO POWERBALL TICKETS EXPIRE?
Yes. The Universe is decaying and nothing lasts forever.
MY NUMBERS ARE: XX-XX-XX-XX-XX-XX; DID I WIN?
We can't check numbers for a million folks a week. You can check your numbers on the web site. Teach a man to fish. Please go to:
http://www.powerball.com/powerball/pb_numbers.asp
Anyway, I went to the website to look up the current odds. The odds to win Powerball are 1 in 292 million. Each ticket is 2 dollars. That means the expected value of a ticket is 1/584th of a millionth of a dollar. So, that means that if the jackpot is greater than 584 million dollars, then the expected value of a ticket is greater than its cost. So, what I'm saying is don't buy until it is over that value and then spend every cent you have because it is a sure thing 
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Jan 2, 2016 18:11
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May 21, 2024 01:13
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- Magnetic North
- Dec 15, 2008
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Beware the Forest's Mushrooms
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there's a cool/depressing powerball simulator that made me never want to buy a ticket ever again. it's fun to see how much money you lose over 5 or 10 years by playing weekly.
http://powerball-simulator.com
Bwa ha ha ha this loving rules.
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Jan 2, 2016 20:34
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Jan 2, 2016 18:11
