looshle 6 Posted February 3, 2006 Share Posted February 3, 2006 If you are better than average than you should obviously pick the tournament.If you suck at poker, you should pick the lottery.It's like Harrington said, it's basically a lottery and hes got about 3-4 tickets, meaning hes 3-4 times the chance of the average person to win. Link to post Share on other sites
telescop 0 Posted February 3, 2006 Share Posted February 3, 2006 If you are better than average than you should obviously pick the tournament.If you suck at poker, you should pick the lottery.It's like Harrington said, it's basically a lottery and hes got about 3-4 tickets, meaning hes 3-4 times the chance of the average person to win.What if the average person buys 5 tickets?????? Link to post Share on other sites
Royal_Tour 0 Posted February 3, 2006 Share Posted February 3, 2006 You are talking 10000 chances to win vs 1 chance to win? You would have a .0007 chance of winning the 6 number lottery if you buy 10000 $1 tickets. Your chances of winning the WSOP, if you go with the argument that x number of entrants gives you about x-1 odds of winning, are worser, much much worser.BTW i did all these calulations on my fisher price calculator, so believe me at your own risk.LMAO... i like the use of "worser"FYI, for those who think i voted lottery, i actually voted WSOP.But to be honest, if i had 10 grand, i'd probably do neither, and buy 10k worth of coke to sell and make money that way Link to post Share on other sites
MikeJohnson724 0 Posted February 3, 2006 Share Posted February 3, 2006 10k on the main event is a waste of money as is 10k in lottery tickets. I agree with Royal on this one unfortunately. Link to post Share on other sites
telescop 0 Posted February 3, 2006 Share Posted February 3, 2006 Bottom line the question was what would you rather spend $10000 on. I can't believe anyone on this form, if I gave them 10000 and that choice, wouldn't play in the WSOP. Link to post Share on other sites
telescop 0 Posted February 3, 2006 Share Posted February 3, 2006 You are talking 10000 chances to win vs 1 chance to win? You would have a .0007 chance of winning the 6 number lottery if you buy 10000 $1 tickets. Your chances of winning the WSOP, if you go with the argument that x number of entrants gives you about x-1 odds of winning, are worser, much much worser.BTW i did all these calulations on my fisher price calculator, so believe me at your own risk.LMAO... i like the use of "worser"FYI, for those who think i voted lottery, i actually voted WSOP.But to be honest, if i had 10 grand, i'd probably do neither, and buy 10k worth of coke to sell and make money that wayI like coke :twisted: Link to post Share on other sites
ShakeZuma 585 Posted February 3, 2006 Share Posted February 3, 2006 You are talking 10000 chances to win vs 1 chance to win? You would have a .0007 chance of winning the 6 number lottery if you buy 10000 $1 tickets. Your chances of winning the WSOP, if you go with the argument that x number of entrants gives you about x-1 odds of winning, are worser, much much worser.BTW i did all these calulations on my fisher price calculator, so believe me at your own risk.LMAO... i like the use of "worser"FYI, for those who think i voted lottery, i actually voted WSOP.But to be honest, if i had 10 grand, i'd probably do neither, and buy 10k worth of coke to sell and make money that wayI like coke :twisted:I hate coke. It likes me quite a bit, though. Link to post Share on other sites
psujohn 0 Posted February 3, 2006 Share Posted February 3, 2006 Really? I'm not challenging you, because I have no information that says otherwise, but that seems ridiculously high. Can you tell me where you aquired that percentage?According to the Maryland lottery website they pay out 57.7% of the lottery revenue as prizes. I assume other states are similar. Link to post Share on other sites
No_Neck 0 Posted February 3, 2006 Share Posted February 3, 2006 wow that is highway robbery Link to post Share on other sites
Ron_Mexico 4,219 Posted February 3, 2006 Share Posted February 3, 2006 I just burnt my tongue. Link to post Share on other sites
KingAustin 0 Posted February 3, 2006 Share Posted February 3, 2006 I think it's funny how you all are having a conversation and are completely wrong. The odds of winning the powerball matching 5 numbers, 1-55 and then another number, (the powerball) 1-42.The odds: 1 in 146,107,962.00http://www.powerball.com/powerball/pb_prizes.aspNow, go get me a buyin for the WSOP ME! Link to post Share on other sites
StrippersNBlow 0 Posted February 3, 2006 Share Posted February 3, 2006 You are talking 10000 chances to win vs 1 chance to win? Â You would have a .0007 chance of winning the 6 number lottery if you buy 10000 $1 tickets. Â Your chances of winning the WSOP, if you go with the argument that x number of entrants gives you about x-1 odds of winning, are worser, much much worser.BTW i did all these calulations on my fisher price calculator, so believe me at your own risk.LMAO... i like the use of "worser"FYI, for those who think i voted lottery, i actually voted WSOP.But to be honest, if i had 10 grand, i'd probably do neither, and buy 10k worth of coke to sell and make money that wayI like coke :twisted:I hate coke. It likes me quite a bit, though.I just like the smell of it. I said no to drugs, but they wouldn't listen. Link to post Share on other sites
dakielbasa 0 Posted February 3, 2006 Author Share Posted February 3, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningand also 10,000 tickets out of 14 million possible combinations is a negligible amount... 13990000 still remaining = 99.93% combinations left Link to post Share on other sites
KingAustin 0 Posted February 3, 2006 Share Posted February 3, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningYes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962 Link to post Share on other sites
dakielbasa 0 Posted February 3, 2006 Author Share Posted February 3, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningYes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962no it doesnt your chances of winning are still 1/14,000,000 Link to post Share on other sites
KingAustin 0 Posted February 3, 2006 Share Posted February 3, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningYes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962no it doesnt your chances of winning are still 1/14,000,000Yes it does, you're taking out 10,000 of the possible chances. Link to post Share on other sites
Hobbes 1 Posted February 3, 2006 Share Posted February 3, 2006 double Link to post Share on other sites
Hobbes 1 Posted February 3, 2006 Share Posted February 3, 2006 I didn't read this whole thing, but if you're really interested in this discussion: http://www.lotterypost.com/print-topic.asp?tp=86508 Link to post Share on other sites
KingAustin 0 Posted February 3, 2006 Share Posted February 3, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningYes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962no it doesnt your chances of winning are still 1/14,000,000Wait, why the hell are you saying 14,000,000 when I'm saying 146,000,000?Also, since I cant improve my chances, if I were to, oh, let's say, buy 146,107,962 tickets, you're saying I would still be a 1 to 146,107,962 chance to win?What's that word, OWNED Link to post Share on other sites
mosley 0 Posted February 4, 2006 Share Posted February 4, 2006 if you are better than 60% of the field in the ME, then, excluding luck, you should end up being eliminated WELL out of the cash. this is a losing proposition.in order for you to expect profit you should be better than 90% of the field, approx. where the cash starts. Link to post Share on other sites
sholden 0 Posted February 4, 2006 Share Posted February 4, 2006 1 ticket or 10,000 tickets would not make a difference, i mean in general how do you feel about it? Im saying it would be extremely difficult to get a correct answer id just liek to see everyones opinion on the matter.are u kidding?of course 10 thousand tickets makes a difference.If its lotto 6/49 and there is like 14 million possible combinations.and you have 1 ticket, thats 1: 14 millionif you have 10 thousand. thats umm.. well a lot better odds, i failed math 3 times1: 1400 i'm smrt edit: now that i think about it, thats much better odds than the 1 : 6000 WSOP ME oddsthats a fallacy... buying more than 1 ticket does not increase your chances of winningYes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962no it doesnt your chances of winning are still 1/14,000,000You are the dumbest person alive. Link to post Share on other sites
mcpickl 0 Posted February 4, 2006 Share Posted February 4, 2006 I think it's funny how you all are having a conversation and are completely wrong. The odds of winning the powerball matching 5 numbers, 1-55 and then another number, (the powerball) 1-42.The odds: 1 in 146,107,962.00http://www.powerball.com/powerball/pb_prizes.aspNow, go get me a buyin for the WSOP ME!what were they completely wrong about? Link to post Share on other sites
KingAustin 0 Posted February 4, 2006 Share Posted February 4, 2006 I think it's funny how you all are having a conversation and are completely wrong. The odds of winning the powerball matching 5 numbers, 1-55 and then another number, (the powerball) 1-42.The odds: 1 in 146,107,962.00http://www.powerball.com/powerball/pb_prizes.aspNow, go get me a buyin for the WSOP ME!what were they completely wrong about? To match all 6 numbers in a lottery, your odds are aprox. 1 : 13,983,816.Notice the odds of winning has an extra digit...makes a sliiiiight difference Link to post Share on other sites
blueodum 0 Posted February 4, 2006 Share Posted February 4, 2006 if you are better than 60% of the field in the ME, then, excluding luck, you should end up being eliminated WELL out of the cash. this is a losing proposition.in order for you to expect profit you should be better than 90% of the field, approx. where the cash starts.This is the dumbest thing I've read on this forum in a long while.If the average player in a tournament has a 12% chance of making the money, a player who is better than average has a greater than 12% chance of making the money. If you do not understand this, then there is no hope for you - in poker and in life. Link to post Share on other sites
Stealth Beagle 0 Posted February 4, 2006 Share Posted February 4, 2006 Really? I'm not challenging you, because I have no information that says otherwise, but that seems ridiculously high. Can you tell me where you aquired that percentage?Apparently my number was a little high. I did a quick internet search and it appears that most states keep somewhere between 30% and 40%, not the 50% that I said. Still quite a hefty cut. Link to post Share on other sites
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