Dreams for sale
BrilloPad and Optimus have the right idea.
Lottery ticket is worth 50p once bought, then 0p after it is checked, plus whatever value you place on your daydreams about winning in the meantime.
To maximise this you should buy one ticket and hold it for 25 weeks before checking it, thus reducing the price of your dreams to 2p/week.
Simples!
Not so simple: you should also pick the least popular numbers (not the least frequent), so that you are less likely to have to share your prizes. These can be calculated, from the number of winners for each individual number over the last n years. However, this set will now be rendered useless by all the CUKers who will now rush out and pick these numbers. So the strategy needs to be adapted, eg by replacing one of the numbers for another.
Is there a Quants person out there who can devise an optimum strategy for this?
This is my plan C, but I don't mind sharing it with you.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Do you buy lottery tickets?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Do you buy lottery tickets?"
Collapse
-
Originally posted by SimonMac View PostLottery is a tax on the stupid in the same way speed camera's are a tax on motorists, you have a choice not to pay.
Leave a comment:
-
In terms of expected returns, lottery tickets are probably slightly less daft than buying a brand new car?
I cannot remember if I ever bought a ticket myself. Maybe I will in honour of this thread... imagine the look on DP's face if one of us paupers won big!
Leave a comment:
-
Bit of harmless fun. Mainly participate when the numbers look too tempting to avoid.
To be frank, watching those game shows when someone goes insane about winning £20k, I think 'would it really be worth it'? Not for me.
Leave a comment:
-
I've had £500 worth of Premium Bonds since 2004 (a gift) and have still haven't won a penny on them.
Leave a comment:
-
Missus spends about £10 every 2 months or so.
Never won a thing.
Leave a comment:
-
You've got to be in it to win it !
A syndicate in my local pub won £70k. I hadn't given over my £2 that week.
A few years before, the landlord won £90k
Those bus drivers who won £36m are less than a bus ride away from me.
Yes, I do buy tickets. As I approach a certain age, I know now that I won't get rich through my own endeavours. So it's a bit of fun that allows me to dream. And no amount of calling me stupid on here will make me change
Leave a comment:
-
Originally posted by Lockhouse View PostI usually spend £10-£20 when the Euromillions gets > a lot or there's a decent Rollover. Don't bother otherwise. I don't intellectualise it, it's only a bit of fun.
Last time I bought Euromillions tickets was when those fat pykies in Largs won £161M.
Has to be a super huge rollover for me to be interested.
I know the odds are ridiculous, but once in a while it doesn't hurt. Not like £20 is most of my weeks benefits is it.
Leave a comment:
-
My mate always has a little dig at the people in front of him queuing in front of him to pay their stupid tax while he's waiting to buy his fags.
Leave a comment:
-
Originally posted by SimonMac View PostLottery is a tax on the stupid in the same way speed camera's are a tax on motorists, you have a choice not to pay.
Leave a comment:
-
It does give you something to look forward to and dream about, perhaps with your spouse. That's got to be worth a bit.
Leave a comment:
-
I usually spend £10-£20 when the Euromillions gets > a lot or there's a decent Rollover. Don't bother otherwise. I don't intellectualise it, it's only a bit of fun.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: