tabas
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August 26, 2021, 06:53:08 PM |
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Image taken from the linked news in the OP. Lets do simple math for this lottery winning based on what the old man spend for the lottery ticket ($36). 36*365*30= $394,200 total amount if the old man spent the same amount every single day in 30 years. Amount he won is $11m so he is in a great profit, but the question is "did he spend $36 only every day during 30 years?" We do not know the actual fact, but hopefully it is worth his time and money he spent during 30 years waiting and trying. Knowing that there's inflation and those early days, the ticket's price might not that been much, or if it was then that's high valued ticket before, and probably it's higher these days. But regardless of how much exactly it was before, he's in profit and wins like this is what makes those lottery bettors to keep going with the usual quote of "just one big win, jackpot".
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uneng
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August 26, 2021, 07:13:45 PM |
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Image taken from the linked news in the OP. Lets do simple math for this lottery winning based on what the old man spend for the lottery ticket ($36). 36*365*30= $394,200 total amount if the old man spent the same amount every single day in 30 years. Amount he won is $11m so he is in a great profit, but the question is "did he spend $36 only every day during 30 years?" We do not know the actual fact, but hopefully it is worth his time and money he spent during 30 years waiting and trying. Knowing that there's inflation and those early days, the ticket's price might not that been much, or if it was then that's high valued ticket before, and probably it's higher these days. But regardless of how much exactly it was before, he's in profit and wins like this is what makes those lottery bettors to keep going with the usual quote of "just one big win, jackpot". It's hard to know precisely because besides prices changes along the years, we also don't know how often the drawings have been happening on the last 30 years. As I see right now drawings happen twice a week, on Wednesdays and Saturdays at 7:29 p.m. So probably this man hasn't been spending money in tickets in a daily basis. Even though the prize took 30 years to come he is indeed a very lucky man, because it's not that easy anyway to achieve such a big profit. Most gamblers won't be able to hit the jackpot by adopting the same strategy he used. So the rule for gambling keeps the same: just gamble with money you can afford to lose. I hope the man can finally enjoy his money side by side with his family.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Fredomago
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August 26, 2021, 07:27:24 PM |
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It's hard to know precisely because besides prices changes along the years, we also don't know how often the drawings have been happening on the last 30 years. As I see right now drawings happen twice a week, on Wednesdays and Saturdays at 7:29 p.m. So probably this man hasn't been spending money in tickets in a daily basis.
Even though the prize took 30 years to come he is indeed a very lucky man, because it's not that easy anyway to achieve such a big profit. Most gamblers won't be able to hit the jackpot by adopting the same strategy he used. So the rule for gambling keeps the same: just gamble with money you can afford to lose.
I hope the man can finally enjoy his money side by side with his family.
Same rule applies with gambling and investments, use amount you will let go. This man got a happy retirement as he can use all this money to live and enjoy a much better life. Even it took him to wait for 30 years. Those times and money that he spent are all being paid with a lot of perks that he can now enjoy with his love ones. Just thinking if this same strategy with combining important dates and keep betting on it till it hits the jackpot?
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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BitcoinHunt3r
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August 26, 2021, 07:42:18 PM |
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It's hard to know precisely because besides prices changes along the years, we also don't know how often the drawings have been happening on the last 30 years. As I see right now drawings happen twice a week, on Wednesdays and Saturdays at 7:29 p.m. So probably this man hasn't been spending money in tickets in a daily basis.
Even though the prize took 30 years to come he is indeed a very lucky man, because it's not that easy anyway to achieve such a big profit. Most gamblers won't be able to hit the jackpot by adopting the same strategy he used. So the rule for gambling keeps the same: just gamble with money you can afford to lose.
I hope the man can finally enjoy his money side by side with his family.
Yes I also check that the draw is done 2 times a week for $1 per ticket, michiganlottery also provides a Favorite number feature so everyone can take the same number which is in his favorite list every day. An interesting feature, imagine if I was at the age of 61 years I might forget the number I choose every day without the feature
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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Lanatsa
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August 26, 2021, 07:55:17 PM |
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It's hard to know precisely because besides prices changes along the years, we also don't know how often the drawings have been happening on the last 30 years. As I see right now drawings happen twice a week, on Wednesdays and Saturdays at 7:29 p.m. So probably this man hasn't been spending money in tickets in a daily basis.
Even though the prize took 30 years to come he is indeed a very lucky man, because it's not that easy anyway to achieve such a big profit. Most gamblers won't be able to hit the jackpot by adopting the same strategy he used. So the rule for gambling keeps the same: just gamble with money you can afford to lose.
I hope the man can finally enjoy his money side by side with his family.
Yes I also check that the draw is done 2 times a week for $1 per ticket, michiganlottery also provides a Favorite number feature so everyone can take the same number which is in his favorite list every day. An interesting feature, imagine if I was at the age of 61 years I might forget the number I choose every day without the feature Is it really needing those things to be that relevant? Of course they had been made on where there are number generators or combination which you can choose and make them as favorite but most likely on matters like these on where numbers you do personally choose is basing up on your life time events or special days or occasion which you can easily remember without needing on checking your notes about those numbers that you are constantly betting on. Its just really amazing on this mans dedication to hit even its unsure or not guarantee that it would happen on his lifetime.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Oceat
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August 26, 2021, 07:59:58 PM |
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It's hard to know precisely because besides prices changes along the years, we also don't know how often the drawings have been happening on the last 30 years. As I see right now drawings happen twice a week, on Wednesdays and Saturdays at 7:29 p.m. So probably this man hasn't been spending money in tickets in a daily basis.
Even though the prize took 30 years to come he is indeed a very lucky man, because it's not that easy anyway to achieve such a big profit. Most gamblers won't be able to hit the jackpot by adopting the same strategy he used. So the rule for gambling keeps the same: just gamble with money you can afford to lose.
I hope the man can finally enjoy his money side by side with his family.
Yes I also check that the draw is done 2 times a week for $1 per ticket, michiganlottery also provides a Favorite number feature so everyone can take the same number which is in his favorite list every day. An interesting feature, imagine if I was at the age of 61 years I might forget the number I choose every day without the feature Nah, if you do it almost everyday there's no way you can forget that number, not unless you are having a memory loss problem which is a short term memory problem. I'm having a hard time believing if the story was legit or just part of the trick for most news article doing. But if it's true then it's his luck coming after a long years of repeating the same process almost every day. And 30 years is a very long time to keep spending money hoping to win using with their favorite number(s).
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3996
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worldofcoins
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August 26, 2021, 08:58:16 PM |
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Would you be able to do it? Playing the same numbers over and over again like this? Because I know that I will not have the patience to do this during 30 years.
winning 18 m for 30 year waiting and repeating the same thing. he must really believe in that number. for me I don't really like lottery and maybe I won't be able to be consistent like him. and for his dedication to waiting 30 years to get it all he deserves that prize. Exactly, I posted the above response to the OP in the same manner. I can't understand why he only chose that number and became lucky by continuously betting on that same number, even if there are 1 million total lottery tickets then his probability of winning on the same number he has chosen would be less than 0.1%, but he still won it. It's quite impressive.
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+_-
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Fatunad
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August 26, 2021, 09:59:48 PM |
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Would you be able to do it? Playing the same numbers over and over again like this? Because I know that I will not have the patience to do this during 30 years.
winning 18 m for 30 year waiting and repeating the same thing. he must really believe in that number. for me I don't really like lottery and maybe I won't be able to be consistent like him. and for his dedication to waiting 30 years to get it all he deserves that prize. Exactly, I posted the above response to the OP in the same manner. I can't understand why he only chose that number and became lucky by continuously betting on that same number, even if there are 1 million total lottery tickets then his probability of winning on the same number he has chosen would be less than 0.1%, but he still won it. It's quite impressive. Not quite impressive but totally exceptional and you would need all luck in the world before you could hit up a jackpot on lottery considering the odds then it is really close to impossible. What is impressive here is that man do continously play lottery for 30 years which everyone couldnt really make it of that far. With lots of combinations then you would really boggle up your mind on changing your number combinations because the previous one had lost and this would be the primary mindset you do have.
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Timelord2067
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August 26, 2021, 10:41:30 PM |
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36*365*30= $394,200 total amount if the old man spent the same amount every single day in 30 years.
The above calculations are based on the assumption that the game was played daily. I would have thought the game play was conducted weekly which would bring your calculation down to 30(y) X 52(w) X $36 = $ 56,160 (give or take - based on the today dollar values for the three game panels played)
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Joca97
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August 26, 2021, 10:47:36 PM |
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Betting for 30 years and finally winning the lottery is something big,at least he never gave up.But betting on the same numbers over and over is insane to have such big faith in your numbers.My parents also play lottery for too many years now but they werent even close once
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Best betting Tipster on the forum by far!! Join my telegram channel for free https://t.me/joca97freepicks and checkout the free predictions daily!!
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chaser15
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August 26, 2021, 10:59:20 PM |
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I'm more shocked that for 30 years, that man rarely missed placing a bet. It becomes a responsibility and a regular routine. I assume that part is exaggerated. When a person says that they are betting on that set of numbers for 30 years, it's not meant on daily basis. He's just doing it for 30 years but the average bet is not consistent.
For example in me, I always bet on the lottery, just a few blocks away from my home, for I think 10 years now but placing a bet maybe twice a month, sometimes more, sometimes less, something like that.
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goinmerry
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August 26, 2021, 11:28:04 PM |
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I would have thought the game play was conducted weekly which would bring your calculation down to 30(y) X 52(w) X $36 = $ 56,160 (give or take - based on the today dollar values for the three game panels played)
That's right. According to the article, the lottery where that man won is rolling twice a week. We just don't know if that man is also betting on other lottery tiers making it a daily basis. It makes more cost because he has 3 sets of numbers. But with this computation, daily or weekly, still an insane amount to spend. That man is even a hardcore gambler compare to the usual gambler.
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just_Alice
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August 26, 2021, 11:58:04 PM |
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For 18 million dollars? Yeah, I’d have the patience Besides, it is easier when you realize that by playing the same number over and over you somewhat increase your chances of winning, as there’s a probability that a certain number will hit someday, but if you do different numbers, you risk missing that event. By doing the same all the time, on the other hand, you’ll never miss it. So if you follow this rule, breaking it and choosing another number would simply be irrational. Yeah you do have the patience and the money to spent on tickets but do you have the time on going to those outlets on buying tickets on everyday basis or just few days of the week? It might be simple as it looks but when you are a person who just been forced on doing bets because you've seen others been winning then it turns out for this activity to be boring. Passion is indeed bad when dealing with gambling but you wont really make it that far if you arent really eager or dedicated on what you do have to reach on something thats in your mind. It's not necessarily boring, as some may think. On the contrary, many people, especially the elderly, are people of habits, they may even enjoy such routine. I know quite a few people that buy lottery tickets on a daily basis, but just for fun, they don't even expect to win anything, but the whole process of doing it has become a tradition and it's their way to cheer up. Though I haven't seen anyone doing the exact same number, that shows real devotion and deserves respect.
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coin-investor
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August 27, 2021, 12:09:14 AM |
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I would have thought the game play was conducted weekly which would bring your calculation down to 30(y) X 52(w) X $36 = $ 56,160 (give or take - based on the today dollar values for the three game panels played)
That's right. According to the article, the lottery where that man won is rolling twice a week. We just don't know if that man is also betting on other lottery tiers making it a daily basis. It makes more cost because he has 3 sets of numbers. But with this computation, daily or weekly, still an insane amount to spend. That man is even a hardcore gambler compare to the usual gambler. He has big faith in the numbers he is betting for the last 30 years, I doubt if he is counting the money he spent betting on his favorite numbers, he cannot keep up if he is counting, I cannot sustain this for 30 years with the same numbers, yes I bet on the lottery but it's always random because I don't want to have attachments on particular numbers, it will make me a lottery addict if I do.
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Cling18
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August 27, 2021, 01:54:44 AM |
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This is a very challenging strategy and it isn't easy for sure because you'll always be tempted to change your number combination. Holding and betting it for too long needs a lot of patience. I've heard about this news before and I admire that old man. However, it took a long time so he invested his time and capital for that 18 million. Whoever applies this strategy should be ready because it needs a lot of motivation.
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yazher
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August 27, 2021, 02:05:39 AM |
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The old man's lucky day will take after 30 years? Man! that's an awesome story and only those people like him can do that. It's so hard because when you put the same number as he did and the winning numbers are far from it, you will probably lose your patience at all. I think those numbers were special for him or he got it from someone who is special too. that's why he doesn't forget it and pursue to bet those numbers even though it wasn't winning for the last 3 decades and finally, he won this time and the timing was so good because of the pandemic.
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LUCKMCFLY
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August 27, 2021, 02:46:24 AM |
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It's a great story, I especially like to play a particular number always, in each raffle that I buy I play, and there may always be a greater possibility when numbers are chosen at random and that they are a large amount, without a doubt According to history, Mr. played since 1991, which means that he took 30 years to win, if we take into account that the draws are weekly, he played the same numbers around 1620 times, and they were a complete series, I think that among all the Odds were very lucky. Only on one occasion have I won and it was with 2 numbers, the only thing is that it was not with my usual number because they had already bought that number, precisely I won with the previous number.
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Sithara007
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August 27, 2021, 03:05:16 AM |
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This is a good tale to our younger generation, perseverance and consistency pays...it might delay to come but trust the process because once it comes it rewarding. it's just unfortunate this reward came through for the 61 year old when his Youthful days are over but am certain it will go a long way probably support his family here and there. The fact that he finally managed to win the jackpot is encouraging. But I don't want the youngsters to follow what he did. Depending on the type of lottery the chance of winning a jack pot can range from one in ten million, to one in hundred million or more. That means that even if you take 10,000 tickets (one every day for 30 years), there is only a 0.1% chance of winning the jackpot. The question will be asked whether the individual would have rather saved this amount and invested it somewhere else.
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rodskee
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OrangeFren.com
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August 27, 2021, 04:00:20 AM |
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Lmao, I wonder how much he spent on these lottery tickets.
Even a broken clock is right twice a day. I highly suggest that nobody repeat what this man has done because he has incurred a massive negative EV and just got extremely lucky. 99/100 times if you play a lottery daily, you will end up not hitting the jackpot even after a long time horizon.
Don't forget that mainstream media tend to give the tiny portion of wins all the coverage and therefore induce survivorship bias.
He may lose or spent money in betting before this jackpot but is it not worth a bet? computing the spent funds that long is not even 30% of how much win now and also there is a consolation price in every 3-4 digits that you get i think this will pay back your bets. This is a very challenging strategy and it isn't easy for sure because you'll always be tempted to change your number combination. Holding and betting it for too long needs a lot of patience. I've heard about this news before and I admire that old man. However, it took a long time so he invested his time and capital for that 18 million. Whoever applies this strategy should be ready because it needs a lot of motivation.
This cannot be consider as strategy because he constantly betting with the same number combinations .
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Poker Player
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August 27, 2021, 04:32:17 AM |
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The fact that he finally managed to win the jackpot is encouraging. But I don't want the youngsters to follow what he did. Depending on the type of lottery the chance of winning a jack pot can range from one in ten million, to one in hundred million or more. That means that even if you take 10,000 tickets (one every day for 30 years), there is only a 0.1% chance of winning the jackpot. The question will be asked whether the individual would have rather saved this amount and invested it somewhere else.
I don't see why. I am not too keen on EV- games, like the lottery, but the good thing about it is that you can earn a life-changing amount for a negligible amount. It also doesn't have as much potential risk of abuse as other games. So I don't see a problem with young people buying one lottery number a week (or a day).
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