lottery tickets vs tournament poker

[looshle 6]

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.

[telescop 0]

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??????

[Royal_Tour 0]

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

[MikeJohnson724 0]

10k on the main event is a waste of money as is 10k in lottery tickets. I agree with Royal on this one unfortunately.

[telescop 0]

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.

[telescop 0]

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

I like coke :twisted:

[ShakeZuma 585]

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

I like coke :twisted:

I hate coke. It likes me quite a bit, though.

[psujohn 0]

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.

[No_Neck 0]

wow that is highway robbery

[Ron_Mexico 4,219]

I just burnt my tongue.

[KingAustin 0]

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!

[StrippersNBlow 0]

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

I 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.

[dakielbasa 0]

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 odds

thats 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

[KingAustin 0]

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 odds

thats a fallacy... buying more than 1 ticket does not increase your chances of winning

Yes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962

[dakielbasa 0]

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 odds

thats a fallacy... buying more than 1 ticket does not increase your chances of winning

Yes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962

no it doesnt your chances of winning are still 1/14,000,000

[KingAustin 0]

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 odds

thats a fallacy... buying more than 1 ticket does not increase your chances of winning

Yes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962

no it doesnt your chances of winning are still 1/14,000,000

Yes it does, you're taking out 10,000 of the possible chances.

[Hobbes 1]

double

[Hobbes 1]

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

[KingAustin 0]

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 odds

thats a fallacy... buying more than 1 ticket does not increase your chances of winning

Yes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962

no it doesnt your chances of winning are still 1/14,000,000

Wait, 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

[mosley 0]

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.

[sholden 0]

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 odds

thats a fallacy... buying more than 1 ticket does not increase your chances of winning

Yes it does. Buying 10,000 tickets makes you 1 to 146,097,962 instead of 146,107,962

no it doesnt your chances of winning are still 1/14,000,000

You are the dumbest person alive.

[mcpickl 0]

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?

[KingAustin 0]

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

[blueodum 0]

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.

[Stealth Beagle 0]

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.