If my calculations are correct…. There is a probability of 9,400,000 to 1 to winning the lottery.

If for example there is a prize of 130,000,000 after taxes, taking a loan of 9,400,000 and buying a ticket with all the possible combinations would actually win the lottery.

Does this make sense?

 

Comments

  • Dear Mems,
    Yes, that makes perfect sense. I especially like the part about taking a loan for nine and half million.
    Good Luck,
    Jake

  • If you only had 46 numbers to choose from, then your 9,400,000 combinations would be close to correct.

    Matching 6 out of 46 numbers is a 1 out of 9,366,819 shot to be exact.

    Is that what your lotto in your state is? Pick 6 out of 46 numbers? If so, then YES! You could take out a loan, buy all the combinations, and win the jackpot 100% for sure.

    Oh…there’s just one little problem…..

    A lotto drawing that only had 46 numbers to pick from would RARELY get bigger than perhaps 3 or 4 million dollars!

    The only games out there that are going to reach $130 million are drawing such as Mega Millions and PowerBall.

    The problem there is Mega Millions is a 1 in 175,711,536 chance of winning, and PowerBall is a 1 in 195,249,054 chance of winning!!!

    Keeping in mind that you only actually receive HALF the money in a lump sum when you win, PLUS the government is going to take about 1/3 of it in taxes, you would have to wait for one of those big game to reach close to $500,000,000 before it would be worth it to take out a loan and buy all the combinations!!!

    And even THEN………….

    …………what do you do when someone ELSE hits the jackpot with you?!?!?

    *********

    Beyond me just showing you why your theory doesn’t work, let me just add this: The lottery is one of the worst bets you can ever make! Lottery companies take FIFTY percent off the top of all sales! In other words, for every $100,000 they collect in sales, they only pay out around $50,000 to winning tickets!!! To put this into perspective, the worst casino bet you can make has about a 10 to 15% advantage over the player. Lottery = 50%!!!!!!

  • Your calculations do make sense but no governing lottery body I’m aware of allows anyone one person or group to buy all possible combinations. If this was allowed, you would have multiple people and/or groups buying every combination possible and the jackpot would be split among several parties (so you may not make all your money back). It would also be seen as unfair to other players that cannot afford to be part of a group that buys every combination.

  • so you qualify for a 9 million dollar loan and you want to play the lottery….good morning .here is a dollar..please give me a lottery ticket with the numbers 1 2 3 4 5 and 6 for the power ball…thank you….here is another another dollar for for the numbers 2 3 4 5 6 and 1…..here is another doll HELP, POLICE!!!SOMEBODY JUST STOLE $9,399.998.oo….do you know a good bankruptcy attorney?

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