Why I am betting on the Mega Millions Lottery – Jackpot over 500$ Million !

[creeps]

That is a jaw dropping amount to be won. I would spend 2 dollars to buy a ticket or a maximum of 10 dollars to buy 5 tickets and try my luck. Chances to win it are very slim and almost non existent but spending 10 dollars for a chance to win a huge sum make sense to me.

Probably that 10 dollars can be spent in a better way but that is another story.

The probability to win is really small but if you are just spending a small dollars why not to give it a try right? Sometimes I bet on a lottery game but I don't expect anything from it, I just want to find my luck their if ever. The Jackpot price is very high, and many people are participating on this lottery game to find also their luck.

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[bbc.reporter]

@krach. Yes, we understand. The absolute intention is to purchase as much free lottery tickets for as long as 5Dimes' odds will pay for them hehehe.

Also, how long do opportunities like these last? I reckon the sportsbooks might take notice on it and lower the odds.

[JanpriX]

Though the chances of winning the jackpot prize is very small in this kind of game, people still tend to bet their spare cash here thinking that they could win huge amount of money from it. It is by personal preference whether to bet on go big or go home games like this but again, the higher the risk, the higher the reward that you could get from it. You are only risking very small amount of money so people see it as a game that can go by any time of the day.

Wondering if there's any game like this that involves cryptocurrencies because I really want to try that out with my spare coins. 

[praine]

The only time it's worth buying a lottery ticket is if you can turn a profit by buying every single combination. Granted, that's not the only way to play, but it's a good rule of thumb that will indicate whether or not buying a ticket is a positive decision or not.

Of course, there is a factor that turns what would be simple mathematics into an uncertain poker-esque calculation and that is the chance that the jackpot could be split. If you could buy every single number and turn a profit, a few different billionaires might get that brilliant idea, and end up splitting the pot which would result in a net loss for each of them. It is this uncertain aspect that causes me to reject the lottery entirely - I don't think it is ever a good idea to buy, and if it is, it should be marginally so.

I get that for some people think that the lottery is their one shot to "make it big", but there are other gambling avenues that allow you to do that (i.e. constant doubling up on baccarat, buying bitcoin to play dice, or high leverage margin trading) that are much less vicious than the lottery when it comes to the house edge that it typically has. Especially if you're buying it off of third party sites like the one promoted in the OP that charge a commission for the luxury of being able to do so.

[krach]

REKT

LOST

Someone hit the jackpot

[leowonderful]

Here's the first article I found on it (CBS News). Details seem to be that it was purchased at a liquor store in San Jose, California. I imagine those who have bet the maximum of $500 on some sites are pretty happy right now, as the odds we're pretty damn skewed for this. I'm personally pretty glad I didn't go in high on no jackpot like I planned to.

[buwaytress]

Yikes. Talk about 258 million to 1 odds, though I've personally witnessed (online) a jackpot with far worse odds hit. Of course, millions of attempts were counted in that attempt so I suppose a (poorly-adjusted) odds for 1 million tickets is 258 to 1.

Not sure I understood though, did the liquor store owner himself buy the winning ticket? Because he seems to be the one congratulated.

1 time cashout of $300M. Not too shabby at all.

[Shinpako09]

That is a lot of money and someone would really be lucky if he or she is to win that. If multiple people still win it, it's still a large sum that's going to be divided to the people. Still having to win that would mean a life-changing event. Most of it would be a lifestyle, in my opinion. This post is making me want to buy a lottery ticket    

The odds of winning or sharing a Mega Millions jackpot are 258,000,000 to 1.

Lotteries are "pretty much" a waste of money.

Of course what will you expect from the word "Jackpot". Expect that chance of getting it is very low because the prize is really worth it. What will you expect? A huge prize with a high chance of winning? There's no such thing man. This is gambling and there is no easy in this industry.

[just_Alice]

A lot of people think that if the jackpot has not been hit for a long time then it is time for someone to win it.

A lot of people do think so and that's exactly why they can end up poor and with lots of debts. Especially typical situation when playing dice games 49.1/51.9 people feel like if it's been unlucky for e.g. 6 times in a row - the next one must be it, so they keep multiplying the betting amount and eventually lose everything, because you can have up to 16 unlucky bets in succession and more. My point is - you should always remember that past doesn't influence the probability.

[emberbekas]

That is a lot of money and someone would really be lucky if he or she is to win that. If multiple people still win it, it's still a large sum that's going to be divided to the people. Still having to win that would mean a life-changing event. Most of it would be a lifestyle, in my opinion. This post is making me want to buy a lottery ticket   

The odds of winning or sharing a Mega Millions jackpot are 258,000,000 to 1.

Lotteries are "pretty much" a waste of money.

Only people who have very high luck can win the jackpot. For most people, the odds of winning jackpots are almost non-existent. If we spend our time chasing the jakpot, then it can be said that we tend to waste our time. Even though we put only small amount of money to win the jackpot, but if we done it regularly, it can be a lot and the chance to win the jackpot won't increase.

[ralle14]

Not sure I understood though, did the liquor store owner himself buy the winning ticket? Because he seems to be the one congratulated.

They're congratulating the store owner too because according to cnn he's getting some $ too not sure how though.

On another article it was said that the person with the winning ticket hasn't claimed the prize yet. The winner still has a year to claim it and if he/she doesn't it would be one regretful memory for the person to remember.

[CryptoGamblingSites]

That is a lot of money and someone would really be lucky if he or she is to win that. If multiple people still win it, it's still a large sum that's going to be divided to the people. Still having to win that would mean a life-changing event. Most of it would be a lifestyle, in my opinion. This post is making me want to buy a lottery ticket    

The odds of winning or sharing a Mega Millions jackpot are 258,000,000 to 1.

Lotteries are "pretty much" a waste of money.

Of course what will you expect from the word "Jackpot". Expect that chance of getting it is very low because the prize is really worth it. What will you expect? A huge prize with a high chance of winning? There's no such thing man. This is gambling and there is no easy in this industry.

People who use critical thinking realize that time and money are wasted by the majority of people buying lottery tickets.

The odds of winning $2 on Mega Millions are 56:1, roulette hitting a number is 35:1, which makes more sense to bet money on?

The lottery is breakeven for one out of 56 people that buy a ticket. Roulette will pay 35 times the amount bet more often than a lottery ticket gets you a free lottery ticket.

Argue away that lotteries are a good gamble though...