View Poll Results: Your Greatest Ambition

Voters
42. You may not vote on this poll
  • Get Rich

    2 4.76%
  • Become famous

    0 0%
  • Raise a family

    12 28.57%
  • Promote World Peace

    0 0%
  • Protect Individual Liberty

    5 11.90%
  • Protect Environment

    1 2.38%
  • Help Poor (US)

    2 4.76%
  • Help Poor (Worldwide)

    3 7.14%
  • Promote Family Planning in Third World Countries

    0 0%
  • Other (specify)

    17 40.48%
Page 7 of 9 FirstFirst ... 56789 LastLast
Results 61 to 70 of 89

Thread: Your Greatest Ambition

  1. #61
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: Your Greatest Ambition

    Quote Originally Posted by Korimyr the Rat View Post
    Statistics: Let's assume the Powerball lottery. You have just over a 1 in 38 million chance of winning for every dollar you spend on the game. That means that if the amount of the prize money-- after taxes and the hassle of collecting-- is over $38 million, statistically it is a profitable venture. If you buy any number of lottery tickets only when the prize is over $100 million, you will eventually profit barring the possibility that you're forced to split your winnings with another player.

    The only limitation is the fact that you will not live for an infinite amount of time and thus cannot predict whether or not your inevitable victory will fall within your limited lifespan.

    Of course, there are more reliable investments with better returns over time. But they cost more-- usually much more-- to get started with.
    I don't know where you got your numbers from, but they're wrong. Here is the expected value for Powerball (from Wikipedia):

    Jackpot CashValue WinningsPerDollar
    $20M $15M $0.22
    $50M $25M $0.30
    $100M $50M $0.43
    $200M $100M $0.68
    $300M $150M $0.94
    $323M $161.5M $1.00
    $350M $175M $1.07
    $400M $200M $1.19


    In other words, you are losing money unless the jackpot is more than $323M. It has only paid that much TWICE in the entire history of the game. And even if the jackpot was $350M, your ROI would be better investing in the stock market.
    Last edited by Kandahar; 08-25-09 at 05:48 PM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  2. #62
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 01:05 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,444

    Re: Your Greatest Ambition

    Quote Originally Posted by RightinNYC View Post
    You're harshing my buzz broseph. Next, you're going to tell me that it doesn't involve being drunk by noon every day sitting in your grotto with the real housewives of antigua and barbuda.
    I mistakenly believed that drinking beer all day was a part of it. That turned out to be a whole new level of wrong ideas. 'Specially when Mrs. Breadwinner came home. She didn't waste time explaining to me that new level of bad ideas, either.

    Another erroneous idea about being a house hubby was that I wouldn't be dog ass tired when I got home and would have plenty of energy for sex. The only thing was, that when she got home, she was dog ass tired and had a headache and didn't have the energy for sex. Talk about a double edged sword!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #63
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 01:05 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,444

    Re: Your Greatest Ambition

    Quote Originally Posted by Korimyr the Rat View Post
    I don't play for less than 9 figures.
    I figure that if I do win--the way my luck goes--it won't be the big money, it'll be the chicken feed money, so that's why I only go after the smaller jackpots.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #64
    Girthless
    RightinNYC's Avatar
    Join Date
    Mar 2005
    Location
    New York, NY
    Last Seen
    01-23-11 @ 11:56 PM
    Gender
    Lean
    Slightly Conservative
    Posts
    25,894

    Re: Your Greatest Ambition

    Quote Originally Posted by Kandahar View Post
    I don't know where you got your numbers from, but they're wrong. Here is the expected value for Powerball (from Wikipedia):

    Jackpot CashValue WinningsPerDollar
    $20M $15M $0.22
    $50M $25M $0.30
    $100M $50M $0.43
    $200M $100M $0.68
    $300M $150M $0.94
    $323M $161.5M $1.00
    $350M $175M $1.07
    $400M $200M $1.19


    In other words, you are losing money unless the jackpot is more than $323M. It has only paid that much TWICE in the entire history of the game. And even if the jackpot was $350M, your ROI would be better investing in the stock market.
    That's actually really interesting. I would have never guessed that it was a good investment at any dollar figure.

    If it ever gets up that high again, I might actually buy a ticket or two.


    (Wait...does that account for income taxes and the lump sum amount? Cause that's like 2/3 of the amount right there. ****.)
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

  5. #65
    Mod Apologist

    missypea's Avatar
    Join Date
    Apr 2007
    Location
    Pacific Northwest
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    6,152

    Re: Your Greatest Ambition

    Quote Originally Posted by Tucker Case View Post
    I'd probably use about 250K of it as a bankroll to become a pro poker player.
    That's exactly what my husband would want to do.


    I would chat with her when I'm feeling particularly snarky, but I wouldn't ever call her on the phone.

  6. #66
    Mod Apologist

    missypea's Avatar
    Join Date
    Apr 2007
    Location
    Pacific Northwest
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    6,152

    Re: Your Greatest Ambition

    Quote Originally Posted by Blackdog View Post
    Wow my plan involved nothing more than being happy every day, thats it. So far I am on the money!

    I'm with you 100% on that. I married well and it's been paid off in spades (happiness spades-not money spades )


    I would chat with her when I'm feeling particularly snarky, but I wouldn't ever call her on the phone.

  7. #67
    Mod Apologist

    missypea's Avatar
    Join Date
    Apr 2007
    Location
    Pacific Northwest
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    6,152

    Re: Your Greatest Ambition

    I've heard of people spending a lot of money on the lotto but 300.00???? YIKES!

    I buy a lottery ticket occasionally......few times a year.


    $300.00??? OMG


    I would chat with her when I'm feeling particularly snarky, but I wouldn't ever call her on the phone.

  8. #68
    Sage

    Join Date
    Oct 2006
    Last Seen
    04-23-17 @ 05:59 PM
    Gender
    Lean
    Centrist
    Posts
    15,429
    Blog Entries
    2

    Re: Your Greatest Ambition

    Quote Originally Posted by missypea View Post
    I've heard of people spending a lot of money on the lotto but 300.00???? YIKES!

    I buy a lottery ticket occasionally......few times a year.


    $300.00??? OMG
    When I worked at a gas station about 12 years ago, we would just pull off a bunch of tickets from the rolls, and scratch them off, and hope that we at least broke even on how much we won vs. how many we took. Sometimes you had to throw in $20 at the end, and if you got lucky, you could get a $50 ticket within the first $5-10 worth of cards. One gal won $500 once. I got a $100 card myself, and proceeded to buy booze that I was legally allowed to sell, but not drink.
    "Loyalty only matters when there's a hundred reasons not to be-" Gen. Mattis

  9. #69
    Sage
    Bodhisattva's Avatar
    Join Date
    Sep 2007
    Location
    New Zealand
    Last Seen
    Yesterday @ 07:26 PM
    Lean
    Independent
    Posts
    63,906

    Re: Your Greatest Ambition

    Quote Originally Posted by B L Zeebub View Post
    My last goal is to die like I lived.
    That sounds an aweful lot like a paradox...
    Quote Originally Posted by Bucky View Post
    I have pooped in public, even in public neighborhoods.
    Quote Originally Posted by OldFatGuy View Post
    Usually a gag for wise mouthed insulting little girls. Then some good nylon rope so I can tie them up, toss them in the trunk of my car and forget about them.

  10. #70
    Sage
    DeeJayH's Avatar
    Join Date
    Sep 2005
    Location
    Scooping Zeus' Poop
    Last Seen
    06-21-15 @ 03:52 PM
    Gender
    Lean
    Conservative
    Posts
    11,728

    Re: Your Greatest Ambition

    Quote Originally Posted by SouthernDemocrat View Post
    Being a good father, a good husband, and being happy and content with life. I am happy and content with my life.
    after enjoying your blog, I am sure you are.

    Human Taxidermist - - now offering his services for all your loved ones
    Quote Originally Posted by jallman View Post
    How the hell did you just tie in a retroactive reparative measure with a proactive preventative measure. Not even close to being the same thing.

Page 7 of 9 FirstFirst ... 56789 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •