Thursday Thread...National Apple Pie day

[Guy Incognito]

Yeah, but having fifty 1-in-whatever odds is 50 times more than having one 1-in-whatever odds.

As it relates to the Powerball, I'd agree that going from 1-in-whatever odds to 50-in-whatever odds is virtually inconsequential, but it's not identical.

No, it's not identical, but there's a formula (probably used by the example you and gob used) that says that the cost of buying 50 tickets (might not be that many, might be 25) doesn't move the odds of paying off enough to justify it. Something about marginal spend.

 

[PeoplesChicken]

Actually, it's a weekly drawing with a prize of up to $100MM.

Also giving away a four-year full scholarship to any of Ohio's state colleges/universities, including tuition, room and board.

100 million? Oh, that's even better

 

[ill]

I just had a bunch of T-shirts made at this place. Really pleased with the result and price.

Jakprints

www.jakprints.com

looks like all they have is cotton.

no bueno

 

[PeoplesChicken]

Shut up and give me money

Well go out and get a vaccine every day till ya win

ya gotta play to win

 

[PeoplesChicken]

That they are bribing people to take the Bill Gates untested vaccine*?



*it's not a vaccine

what is it?

 

[ill]

what is it?

he's trying to kiss Hammertime's ass

 

[PeoplesChicken]

he's trying to kiss Hammertime's ass

Dewsh can DIAF

 

[PeoplesChicken]

he's trying to kiss Hammertime's ass

 

[stakesarehigh]

Masks are done June 2

Thanks to the jackpot

 

[PeoplesChicken]

Thanks to the jackpot

 

[stakesarehigh]

 

[SlinkyRedfoot]

No, it's not identical, but there's a formula (probably used by the example you and gob used) that says that the cost of buying 50 tickets (might not be that many, might be 25) doesn't move the odds of paying off enough to justify it. Something about marginal spend.

Seems like that's pretty obvious.

There are 69 possible numbers for the white balls and 26 possible results for the Powerball. Thus, the odds of picking that perfect combination with a single ticket are one in 292,201,338.

So, going from 1/292,201,338 (.00000000342) to 50/292,201,338 (.00000017111) doesn't really move the needle much statistically, you would have a 50 times better chance of winning.

I'm not saying it makes sense to buy 50 powerball tickets because it doesn't.

 

[PeoplesChicken]

 

[PeoplesChicken]

Seems like that's pretty obvious.



So, going from 1/292,201,338 (.00000000342) to 50/292,201,338 (.00000017111) doesn't really move the needle much statistically, you would have a 50 times better chance of winning.

I'm not saying it makes sense to buy 50 powerball tickets because it doesn't.

 

[SlinkyRedfoot]

100 million? Oh, that's even better

I'm sorry, I fucked that up. It's $1MM, but it's a weekly drawing.

 

[SlinkyRedfoot]

looks like all they have is cotton.

no bueno

Could be. For t shirts, I wear cotton except for when I'm working out.

 

[Deep Dish Pizza Goat]

what is it?

@HammerDown help this guy out

 

[PeoplesChicken]

@HammerDown help this guy out

 

[ill]

Could be. For t shirts, I wear cotton except for when I'm working out.

understood.

like I said, sand volleyball where cotton just won't work.

 

[stakesarehigh]

Really as we reflect on Covid "This was not an easy decision that was easily made" will really go down in the books.