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To: Peter Dierks who wrote (3556)	1/30/2006 5:35:13 PM
From: ManyMoose	Read Replies (2) \| Respond to 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.

To: Peter Dierks who wrote (3556)	2/1/2006 11:12:11 AM
From: Oral Roberts	Read Replies (2) \| Respond to of 71588

Sadly study after study has proven that the less you can afford to lose the more likely you are to play the lottery. A friend of mine calls it a tax on the mathematically challenged. Can't understand that you have a better chance of being struck by lightening on a sunny day then you do of winning Powerball. With that said my brother has informed me that Powerball is over 150 million. I believe I will tax myself one dollar:)

To: Peter Dierks who wrote (3556)	2/4/2006 9:15:01 PM
From: TimF	Read Replies (1) \| Respond to of 71588

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? If I read an analysts report that said that I would have little reason to think it was true. But if I did think it was true I might invest. Depends on how much "a lot more" is. If its more than 2000x my initial investment/gamble than its worth the risk. (You might also adjust for the time value of money but unless it is a long term investment that won't be much.) Tim