Its been a few years, what would you do with the Powerball winnings?

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brett05

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You have to buy the tickets and pick the numbers, which means making millions of purchases..... probably would need to have a staff of people making all the purchases to ensure you get every single number combination.... then you need some lottery vault where they bring millions of lottery tickets.... then when you win you need to find the right ticket and turn it in.... the overhead to make all the purchases, store all the tickets, and then claim the winnings would not be worth the expenditure... not only are you spending millions to make all the ticket purchases, but you are paying people to do it, paying logistical support and transportation, paying for a place to organize all of this, paying security to make sure nothing goes wrong.

And lol if you expend all that money and it turns out you missed on 1 ticket and it wins, you just spent hundreds of millions with ZERO return.... who would bother risking it?

And that's nothing really. The true issue is more than one winning ticket.
 

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And that's nothing really. The true issue is more than one winning ticket.

I wouldn't call it nothing... you're talking about investing a considerable amount of money in just trying to buy and store every single possible ticket and the risk is high that you could miss some tickets, have them get lost, have mistakes in purchases, etc.

The risk you could even execute on getting it right for a very large investment is way too high.

And then you move on to, even if you do it perfectly, if there are any other winners then you are guaranteed to be in the hole by a large margin.

There is way too much risk in this kind of venture for the kind of money it would cost.
 

brett05

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I wouldn't call it nothing... you're talking about investing a considerable amount of money in just trying to buy and store every single possible ticket and the risk is high that you could miss some tickets, have them get lost, have mistakes in purchases, etc.

The risk you could even execute on getting it right for a very large investment is way too high.

And then you move on to, even if you do it perfectly, if there are any other winners then you are guaranteed to be in the hole by a large margin.

There is way too much risk in this kind of venture for the kind of money it would cost.
I am thinking you could go to the lottery official for your state and just pay the total and they'll automatically give you the prizes you've won.

But say you couldn't do that. I don't think the machines could keep up to produce tickets fast enough.
 

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I will never understand how these odds work and actually trust this Powerball scam when it stating that odds to win are One in 292,000,000.00, when by the "back" of my "napkin math" there are clearly roughly 175,223,500 combinations of numbers that can be combined for a winning number. Would that make the odds 1/175.3MM? And therefore, furthermore if one were to literally buy all of those said number combinations, they would be assured a winning ticker also worth more than the sum of their overall total purchase, and after declaring losses on all of the losing tickets, pocket the difference? Why isn't this being done by anyone with billions of dollars on a regular basis? There has to be something I am not seeing here.

Powerball costs $2. That is $350 million for a $300 million (take home) pot.
 

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