Comments on: Profitable Gambling Advice-Don’t Play the Lottery-the Odds Are That It Is A Sucker Bet

By: Anonymous

Anonymous — Sun, 25 Jan 2009 16:21:00 +0000

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By: bahce

bahce — Mon, 29 Sep 2008 23:35:30 +0000

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By: promosyon

promosyon — Sat, 27 Sep 2008 07:25:20 +0000

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By: jiimionad

jiimionad — Thu, 14 Aug 2008 16:21:34 +0000

+100. Respect.

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Mon, 04 Aug 2008 05:00:44 +0000

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wa state lottery — Sun, 03 Aug 2008 19:14:08 +0000

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By: Online Poker

Online Poker — Sat, 02 Aug 2008 04:19:32 +0000

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By: admin

admin — Wed, 30 Jul 2008 00:17:36 +0000

Spinn,
Indeed, you are correct. Let’s try something simple and see if that makes at least a dinky impact. You start with zero dollars, assume you will not touch the money for 20 years and contribute $16 a month (the cost of $4 a week for 2 California Lotteries and 2 Mega Millions). Assuming a rate of return of 3.30% (and brother, it will go up once inflation kicks in), you will have $5,438 after 20 years. Compare that to the odds of even winning a small Lottery jackpot which you “reinvest” in the lottery. Chances are after twenty years a person won’t have any of their lottery money back. I forgot to mention that the interest would be compounded quarterly in the example above. People can do their own calculations by googling “savings calculators”. I hope to get one on my site when I get some time.
Kim

By: spinn

spinn — Tue, 29 Jul 2008 22:10:15 +0000

The “save the dollars instead of buying lottery tickets” bit would have more impact if there were numbers to back it up.

By: » Profitable Gambling Advice-Don’t Play the Lottery-the Odds Are That It Is A Sucker Bet

Tue, 29 Jul 2008 07:13:12 +0000

[...] Fast Loans – Personal Unsecured wrote an interesting post today onHere’s a quick excerpt Want some great gambling and investing advice? Don’t play the Lottery. If you live in any state that has a state lottery, Powerball or any kind of bingo ball lottery, you’ve seen the ads, you’ve seen people become millionaires overnight. It doesn’t happen very often. In fact it happens so rarely that you have better odds of being hit by lightning, winning the Congressional medal of honor or winning the Nobel Prize than winning the lotteries. They are built the way they are to make it seem tha [...]