Toronto women win jackpot lottery

[Betwrong]

I know it's stupid, I know the chance of hitting a certain number is always the same, whether it was last hit 10 seconds or 10 years ago, and yet, sometimes, when I play Roulette I keep betting on the same number waiting for it to pop up eventually. Sometimes it does, and other times it doesn't even after 150+ rolls, but I'd rather stop the game than change the number after 150 consecutive fails in a row.

I'll do the same thing, the hardest thing to accept is when you change the number and after a few rolls your number come out, so you end up sticking your number and hope that it will eventually come out even if it means a long wait, but twenty years of betting is a long perseverance, I'm glad that stick to their game, the worse is if they change the number or stop betting in their 19th year and the next year it comes out, congratulation to this couple.

Yep, by not changing the initial number we are saving us from the possible psychological damage.

I'm too glad they won in the end. And replying to @Kelvinid, no, I don't think they've lost more than $60 million in the course of 20 years. They don't look like millionaires, they are regular folks, and I'm happy for them.

I guess they occasionally played what they can afford to lose/risk, and responsibly too. I believe that is how things like lottery should be be played, as contributed money is pooled and given to their "lucky" winners. It's like a community pooling funds together and randomly distributing to some contributors.
It would be better if all contributors benefits sufficiently in one way or another (not necessarily financial), and the winners benefit more... That will likely help make most people appreciate lottery/betting.

Good point. But this is already happening actually. Maybe this is not the case for all lotteries in the world, but this is how it is with the National Lottery in the UK:

More than £26bn has been distributed to good causes through the national lottery, which donates 28p to charity for each £1 ticket sold, since its launch.

So the ticket buyers can be happy about their money going to good causes. Problem solved(at least in the UK).

[blockman]

Oh man, I think I've heard of that technique way back in my childhood days. When someone dreams of numbers, she/he has to bet it to the lottery or any form of gambling because it might really win. The woman took 20 years for it to wait and it happened.
It's a win to them and that's plenty of money that can have it for the rest of their entire retirement.

[Fredomago]

Oh man, I think I've heard of that technique way back in my childhood days. When someone dreams of numbers, she/he has to bet it to the lottery or any form of gambling because it might really win. The woman took 20 years for it to wait and it happened.
It's a win to them and that's plenty of money that can have it for the rest of their entire retirement.

A huge amount of money coming from the trust with the lucky number that they've got. This really common with those who are betting with lottery, thinking that a lucky combo is just there.

SOme used birthdays of important people or certain dates of important events that happened to their life, but looking to this story, it's  a long 20 years of waiting.

But the outcome is surely enjoyable, winning that huge amount of money makes your life changed
forever.

[ShowOff]

Winning the lottery in such a large number as that woman is the dream of all players. I saluted him after learning that he had been buying the same number for 20 years consistently. This is difficult to do because people usually change easily after repeated failure. I'm not sure if I can go on for 1 month without a win with the same number, but I think it's worth a shot.

[OgNasty]

quite surprised to hear the amount she won was $60 million.  in my country, this kind of money is enough to buy hundreds of mansions.  in the midst of this "PANDEMIC", their win is a great gift, but what amazed me was that they (her and her husband) always playing the same numbers for 20 years.

After playing the same lottery numbers for 20 years that came to her husband in a dream, a 57-year-old Toronto woman is $60 million richer.

Do any of you play the same trick as their (playing the same number always)??

https://www.cp24.com/news/toronto-woman-says-winning-numbers-for-60m-lotto-max-jackpot-came-to-husband-in-a-dream-1.5271897
https://toronto.ctvnews.ca/toronto-woman-wins-60-million-lotto-max-jackpot-with-numbers-husband-dreamt-of-20-years-ago-1.5271865

That is a great story.  Now she can look forward to the 1000x more likely to be murdered she is as she likely purchases too many liabilities and slowly goes broke.  Although there's the chance she does it right since she's got plenty of life experience.  Sure, money is great, but the % of lotto winners that wish they never won is quite a bit higher than most would believe.

[just_Alice]

To start with, the odds of winning the lottery are extremely low, perhaps, if people knew the chances - they wouldn't even bother (approx. 1 in 258.9 million). In fact, to add more understanding to just how rare it is people often compare lottery wins with the odds of getting struck by lightning! You don't often walk around and think that the latter might happen to you, right? Nevertheless, you're actually FAR more likely to be struck by lightning (1 in 12,000) than win the lottery. So one should only consider the lottery as a fun game, nothing more.

However, I see something interesting in their approach: using the same number. I too whenever I make some sorts of predictions (except sports betting or other bettings where logic can be applied) hold on to one rule: the less there are variables in the system - the more likely is the win. So, I keep using the same number, or add the same numbers to a certain parameter, or use the same formula, this way I bring more stability to the system, by making only one parameter a variable (my predictions strategy) and leaving the second one (the way things will happen) to chances. But it's only a theory though, I can't say for sure if it actually works 

[blockman]

Oh man, I think I've heard of that technique way back in my childhood days. When someone dreams of numbers, she/he has to bet it to the lottery or any form of gambling because it might really win. The woman took 20 years for it to wait and it happened.
It's a win to them and that's plenty of money that can have it for the rest of their entire retirement.

A huge amount of money coming from the trust with the lucky number that they've got. This really common with those who are betting with lottery, thinking that a lucky combo is just there.

SOme used birthdays of important people or certain dates of important events that happened to their life, but looking to this story, it's  a long 20 years of waiting.

But the outcome is surely enjoyable, winning that huge amount of money makes your life changed
forever.

She and her husband took care of the number until it came out. I got no luck in the lottery and reading news like this, it's really once in a blue moon to win such amounts on it.
I've done many combinations but to no avail and I don't have that persistence and patience that this woman had shown. They just have to enjoy the money for the rest of their lives.

[maydna]

She and her husband took care of the number until it came out. I got no luck in the lottery and reading news like this, it's really once in a blue moon to win such amounts on it.
I've done many combinations but to no avail and I don't have that persistence and patience that this woman had shown. They just have to enjoy the money for the rest of their lives.

That is because of luck. If other people try what that woman does, I am not sure if they can also hit the jackpot in the future because that woman really has a big patient to use the same number for 20 years. It is hard to stick to one thing for a long time, but that woman proves to us that she can do it. I can't imagine how hard she does that thing and just waits without knowing if she can hit the jackpot someday.

They don't have to do anything besides enjoying the win money, and  I think they are now happy. Having persistence and patience will be important, but it is better to use them for the other jobs, to have a chance to make money.

[Timelord2067]

I'd be more surprised if someone won that kind of money playing Keno (i.e. rapid play lottery) playing the same numbers one hundred or more times in a row. (The equivalent of twenty years, let's call it one thousand times in a row).

The cost to play are about the same, but there are far few bigger winners and lots more little wins.

[traderethereum]

I prefer to buy some gifts for people closest to me, but I will never tell them that I hit the jackpot and win big money.
I prefer to go to my bank and save all of the money in my bank account, and I only get some small amount for my daily life.

You sit on a cryptocurrency forum and dream of putting all your money in a bank account? WTF? What about buying Bitcoin for at least part of the funds or some other cryptocurrency?

Why? Is that strange to you?
I still save my money in a bank account and have a cryptocurrency investment, and I think that is not a big deal.
I do not put all of my money in a bank, but I also have it in crypto.
Besides that, I need fiat money to buy my daily needs because I can not use crypto to buy it. I know that it will be different in the other place to use crypto to buy their daily needs.
But that is what I did so far, and I always try to increase my crypto, especially bitcoin.
Oh, I am buying bitcoin too from some part of the funds.

[blockman]

She and her husband took care of the number until it came out. I got no luck in the lottery and reading news like this, it's really once in a blue moon to win such amounts on it.
I've done many combinations but to no avail and I don't have that persistence and patience that this woman had shown. They just have to enjoy the money for the rest of their lives.

That is because of luck. If other people try what that woman does, I am not sure if they can also hit the jackpot in the future because that woman really has a big patient to use the same number for 20 years. It is hard to stick to one thing for a long time, but that woman proves to us that she can do it. I can't imagine how hard she does that thing and just waits without knowing if she can hit the jackpot someday.

They don't have to do anything besides enjoying the win money, and  I think they are now happy. Having persistence and patience will be important, but it is better to use them for the other jobs, to have a chance to make money.

And also consistency. They were consistent in keeping the number until it had it hit after a very long year of waiting. We will never know even if someone becomes consistent for 20 years, there's no assurance that they'll be hitting the jackpot.
Maybe when they were betting on that number, they just made it as a hobby and didn't expect that it will hit someday until it finally did.

[bryant.coleman]

And also consistency. They were consistent in keeping the number until it had it hit after a very long year of waiting. We will never know even if someone becomes consistent for 20 years, there's no assurance that they'll be hitting the jackpot.
Maybe when they were betting on that number, they just made it as a hobby and didn't expect that it will hit someday until it finally did.

I have to disagree here. Since the draw is randomized to the maximum extent possible, no matter whatever number you chose, the chance of winning per draw remains the same. For example, let's say that there is 1 in 100 million chance of winning a jackpot. If you are buying tickets continuously for 25 draws, then there is a chance of 25 per 100 million that you will win the jackpot at least once. This probability (25 per 100 million) remains the same whether you are sticking with the same number or you are opting for 25 different combinations.

[Jemzx00]

I prefer to buy some gifts for people closest to me, but I will never tell them that I hit the jackpot and win big money.
I prefer to go to my bank and save all of the money in my bank account, and I only get some small amount for my daily life.

You sit on a cryptocurrency forum and dream of putting all your money in a bank account? WTF? What about buying Bitcoin for at least part of the funds or some other cryptocurrency?

He's one of the people who trust banks with all their money and expects that it will be forever be safe there. There's nothing wrong with it as most people really have that much trust on banks but with us who believes on crypto and know that bitcoin and other crypto is somehow alarming for banks then we might not be fully trusting banks for our money.
Anyway, the fact the he believes that he can hide his identity to any of their closest people is somehow ridiculous. You might even have a hard time hiding it to your neighborhood especially with how much the jackpot prize is.
Investment, Trading, Properties, Business is what you must remember when winning a jackpot prize such as that. Avoid leisure and buying unnecessary stuffs that might put all your winnings to waste and end up getting broke in the long run.

[Cryptmuster]

If this is true, I could say that woman is so lucky. And lucky to those family who is closed to her were I am pretty sure
they will inherit for the winning price of the old woman, isn't that right? Before I remembered I also played lotto games and
most of the time I hit the 4 digits in 6/49 and it never happen to hit at least 5 digits.

It is very important how a person can manage their winnings. After all, there are many stories when a person wins a lot of money, but after a while he has nothing left. Because if a person does not know how to manage money, then they leave him as quickly as they came.
And to win the lottery is a great success and such luck does not just come to a person. May she be good at managing her wealth. 

[blockman]

And also consistency. They were consistent in keeping the number until it had it hit after a very long year of waiting. We will never know even if someone becomes consistent for 20 years, there's no assurance that they'll be hitting the jackpot.
Maybe when they were betting on that number, they just made it as a hobby and didn't expect that it will hit someday until it finally did.

I have to disagree here. Since the draw is randomized to the maximum extent possible, no matter whatever number you chose, the chance of winning per draw remains the same. For example, let's say that there is 1 in 100 million chance of winning a jackpot. If you are buying tickets continuously for 25 draws, then there is a chance of 25 per 100 million that you will win the jackpot at least once. This probability (25 per 100 million) remains the same whether you are sticking with the same number or you are opting for 25 different combinations.

It's okay if you disagree but I'm not tackling the results per se. It's just that they've been consistently betting on their favorite number that they've been keeping for years.
But you're right about the draw and its randomness, whether you have a number that's being kept, that wouldn't change the chances.

[South Park]

60 million is a huge amount of money, pretty sure everyone in her neighborhood would be seeing her as some sort of celebrity and that stauts can be retained depending on how she spends this huge amount of money. A lot of people in our country tend to dry up their winnings because they are not financially literate, hope this Toronto Winner is so she and her children's children get to enjoy her winnings too.

That is one of the problems. Once everyone know that she has won the lottery jackpot, they will lineup outside her house to beg. It will take some effort to ignore such people. Take the case of Jack Whittaker. In 2002, he won the largest jackpot till date from Powerball ($113.3 million after the taxes were deducted). But it took less than 10 years for him to use up all that money. The last time I heard, he had declared bankruptcy.

That is incredibly common and it is not difficult to see why, in order for a person to earn 60 million dollars that person needs to be shrewd and know about the ins and outs of their profession and know about how to minimize their taxes and about investments too, but a person that wins the lottery does not know anything about what it means to earn that money so they begin to make all kind of irresponsible decisions when it comes to their money and they end up bankrupt in just a few years despite all the money they won.

[Rengga Jati]

Yes, that is a big amount of money that she got.
However. how often she had been playing and how many times she won?
This may be very big and also very promising, but we don't know how much she had spent to join that gambling. That is why it seems so natural to know the amount. However, this is a really legit play game with very intermediate difficulty.

[k@suy]

Yes, that is a big amount of money that she got.
However. how often she had been playing and how many times she won?
This may be very big and also very promising, but we don't know how much she had spent to join that gambling. That is why it seems so natural to know the amount. However, this is a really legit play game with very intermediate difficulty.

Yes I want to know that too, she got lucky to win that prize I hope it can really help in her daily lives, if I were her I will not gamble again my winning money, I will diversify it in another things or investment for me to make it grow, maybe soon when all her finances are stable she can gamble again, I wish I am lucky like her, I never win in any lottery that I joined I always got 2 or 3 digit only out of 6. Since then I barely play lottery again, just playing with tickets.

[STT]

it took less than 10 years for him to use up all that money. The last time I heard, he had declared bankruptcy.

Its happened more then once but thats an impressive scale of loss, some of it will be corrupt practice or even theft from those billing in various ways.  Often I hear of sports stars who lose alot or all money to their accountant who files 2 books and the fraud is not discovered till there is no cash left.   This is a good point in favor of always supporting your community and family who should in turn benefit you over the course of your life, not everyone has this perspective but Im just talking about long term investment really not exactly charity.   So with 111m you can provide housing with a supportive policy while also gaining some income from the rental revenue, this does require alot more thinking and work then simply just spending.   Simplest policy I'd say is always repay debts first, including all future costs that is also a kind of debt to the future so max out pension etc.
    Money is a strange thing not as simple as it seems, capitalism only works really because you cant ever exclude the constant circulation of capital in an economy  either productively or wastefully.   Get the lump sum but also buy an annuity and pension with this etc.   Or if you got no clue what that is do that get the regular sum is fairly easy to argue.

[lienfaye]

Yes, that is a big amount of money that she got.
However. how often she had been playing and how many times she won?
This may be very big and also very promising, but we don't know how much she had spent to join that gambling. That is why it seems so natural to know the amount. However, this is a really legit play game with very intermediate difficulty.

Thats a good question but the fact that she won the $60 million jackpot is huge enough to cover the amount she spent in gambling even for years. The good thing about this is all her effort and waiting (specially she has a specific numbers to play on) are paid off for having a good result. She is truly lucky and its really meant for her.