Lottery Genius

[Narcileptico]

numerology is a pseudo-science at best, pure quackery at worst.

[XXXNoahXXX]

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lumpsum penalties

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???

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When they pay out a jackpot, they do it over say, 30 years. The money that is waiting to be paid to you is sitting in an account that is earning interest.

If you choose to lump sum it, that interest isn't there, therefore in addition to being raped by taxes, you get even less because of this.

[MasterLJ]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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There are rare cases when it's +EV. When that's true, then it's profitable to buy out all the combinations. There have been some interesting documented cases of people doing this successfully.

[lippy]

This guy doesn't really understand how to enjoy the lottery. Why didn't he take like 5m and go nuts?

[Nicholasp27]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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There are rare cases when it's +EV. When that's true, then it's profitable to buy out all the combinations. There have been some interesting documented cases of people doing this successfully.

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and if just 1 other person also buys out all the combinations, then u are splitting the pot and it goes back to -ev...

[jman220]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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There are rare cases when it's +EV. When that's true, then it's profitable to buy out all the combinations. There have been some interesting documented cases of people doing this successfully.

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In this scenario, it would actually be more +EV to just buy out the non-calendar combinations. However, this would also increase your variance.

[CardSharpCook]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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I call BS on this.

[rwesty]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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I call BS on this.

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Powerball's +EV around 450 million but the jackpot has never been this high, so he's sort of right.

[jman220]

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picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.

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You don't have to figure the taxes into your ev if you: 1. Play poker for a profit, 2. Itemize on your tax return, and 3. Deduct the cost of your lottery tickets from your gambling winnings. Of course lottery is still -EV 95 percent of the time.

[kidcolin]

So far my favorite part is he dropped $12K on a bicycle and $14K on a used Jetta.