SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : American Presidential Politics and foreign affairs

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Peter Dierks who wrote (3556)1/30/2006 5:35:13 PM
From: ManyMoose  Read Replies (2) of 71588
 
I have to work too hard to get my money to put it on those kinda odds. I rarely buy a lottery ticket, and when I do, it's for the really big pots. Most people think the odds of winning are less when a lot of people are playing for big pots, but they are part wrong and part right.

The odds that SOMEBODY will win go up when a lot of people play.

The odds that THEY will win stay the same regardless of how many people play. It's changed only by the number of tickets that they buy, but is miniscule for the number of tickets most people can afford to blow.

Playing the lottery to get rich is a sure way to lose all your money. Better to learn Black Jack really really well, and play a lot for a lot of money.

If you read an analysts report for a company and they said there was 99% chance you would lose all of your "investment and a .05% chance it would be worth a lot more soon, would you invest? Gamblers might; being partly a stock gambler, I can tell you that those are not my kind of odds.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext