What do you invest in the lottery? (if you don't mind saying)

Reply #24

savagegoose — Fri, 06 Nov 2009 21:00:09 GMT

around $20 a week

Reply #23

KY Floyd — Thu, 05 Nov 2009 17:35:36 GMT

I've heard the naysayers say how stupid it is to play the lottery and how it's a tax on stupid people and all that.

For some people that's eaxctly how it is. Spending too much and thinking you've got a realistic chance of getting your money back doesn't make you one of the sharper tools in the shed. Compared to other vices people spend their money on, a few bucks for lottery tickets isn't stupid at all.

As you say, a few lottery tickets doesn't cost any more than a couple of beers at a ba... [ More ]

Reply #22

Stack47 — Wed, 04 Nov 2009 23:27:00 GMT

Maybe if I was playing 20 QPs a day, but I played a 14 number abbreviated wheel. I had a nice run consistently getting 2 or 3 numbers with an occasional 4. When the bottom fell out I was consistently matching 0 or 1 number with an occasional 2. With the exception of the number that had the most draws between its last hit or until it hit, the other 13 numbers varied every day.

As for winning a jackpot, I was only getting a 1% coverage so while not out of the question, I would have been extreme... [ More ]

Reply #21

RJOh — Wed, 04 Nov 2009 16:18:20 GMT

When you're spending $20 a day playing a game with overall odds of 1:8.8 of winning something, if you're not winning two prizes a day then you would have to be doing something extremely wrong. With the mostly likely prize being $1, you can expect to at least win back 10% of your money.

Reply #20

Stack47 — Wed, 04 Nov 2009 15:52:46 GMT

Any form of gambling can be very entertaining providing we put a realistic value on it. With the overall odds of winning something in PB and MM being around 1 out of 40, we can't realistically expect to get a return by playing $5 a drawing or $10 a week. However even knowing that our chances of hitting the jackpot are very small, we're paying a small price for a dream.

Last year when I was chasing Ohio's Rolling Cash 5 (with jackpots starting at $100,000), my average daily wager was $20 but I... [ More ]

Reply #19

tiggs95 — Wed, 04 Nov 2009 14:06:40 GMT

rdgrnr..Thanks..I've been trying to hit big since 1962 gambling and 1988 on the lottery..I aiways say if I did hit big on the way home after cashing my ticket I'll probably nget run over by a bus..Let's do it now

Reply #18

rdgrnr — Wed, 04 Nov 2009 08:18:35 GMT

A tip o' the hat to ya tiggs. I always respect my elders.

I'm still an old geezer but I'll have to refer to you as the elder statesman from now on.

Let's win a big one now afore we kick the bucket

Reply #17

thegee — Wed, 04 Nov 2009 04:42:02 GMT

i put money into it cos i needed to generate funds for some charities i do and as such since my combos hit the east coast a lot mid and eve i call folks i know to play my selected combos i provide (not daily).initial starting funds was 2g a couple states.( p- 3 games.

Reply #16

Rowen — Wed, 04 Nov 2009 04:14:28 GMT

I spend at least a dollar a day for pick5 and sometime play bigger games only when jackpot is huge and only then a few bucks.

Reply #15

tiggs95 — Wed, 04 Nov 2009 03:18:08 GMT

rdgrnr..Can you beat Dec 4th 1940?..

Reply #14

psykomo — Wed, 04 Nov 2009 03:05:57 GMT

ole geezer how much DO u have 2 ?????????????

CD's 1o/o GOLD^^^up 10.oo BUCK'ssssstoday!!!!!

HOW MUCHO DOU^^^U ??

want LOTTERY POST will set U FREE !

PSYKOMO

Reply #13

lottocalgal — Wed, 04 Nov 2009 02:29:03 GMT

My standard is exactly 30 dollars per month for Fantasy Five and 24 dollars for Super Lotto. with a serious reduction in income thats all I can afford. If I win something however, I buy more tickets with the winnings.

Reply #12

rdgrnr — Wed, 04 Nov 2009 01:41:31 GMT

Not so fast tiggs95, I might have shoes that are older than you. I checked your profile to see but you must have forgotten to enter your birthday there. Get that updated and I'll let you know who the real old geezer is. That 95 on the end of your name isn't your age is it? LOL Good luck to you too.

Reply #11

rdgrnr — Wed, 04 Nov 2009 01:20:08 GMT

Very well put, Coin Toss.

I'll have to bone up on the semantics of gambling.

I understand the relative to the buy in thing and I think that is why I don't take losses too seriously. The potential is there for a big payoff and I enjoy that prospect but if it doesn't happen it's no big deal because I never really miss what I put into it anyway. Before I retired I used to spend more on coffee than I do now on the lottery. I won't even get into what I spent stopping for a few beers after work... [ More ]

Reply #10

Coin Toss — Tue, 03 Nov 2009 22:53:51 GMT

Through Oct 31 I've spent $770 on lotto and have won $444.

I started tracking like that after RJOh once posted about keeping a running total along with the tickets, because if you did hit something and tried to write off losses, just the tickets aren't enough proof.

Most of that $444 is from a Pick 3 straight box with a double for $80, and a straight box that hit straight for $290. The other $74 is from an occassional $1 or $10 Little Lotto payoff and $2 or $3 on Lotto or Mega Millions, wh... [ More ]

Reply #9

tiggs95 — Tue, 03 Nov 2009 20:59:39 GMT

rdgrnr...I'm probably older then you so please ease up on the geezer stuff..:):)..Good luck you old geezer..

Reply #8

PERDUE — Tue, 03 Nov 2009 18:56:08 GMT

It all depends on the amount in the gambling fund. I have had the gambling fund to reach almost a thousand dollars and everytime I've used it to pay a bill. Right now it stands at about $300 and I'm trying not to give in to the urge to pay a bill. I have spent about $20 on one drawing a time or two. But most of the time I play on paper. I always tell myself that my gambling budget for the week is $50 and set the $50 aside for the week but some of it is usually spent on one of the kids or on gas.... [ More ]

Reply #7

rdgrnr — Tue, 03 Nov 2009 18:47:52 GMT

When I call it an investment I mean it as an investment in a hobby. It's worth the price of a couple cups of coffee a day for me to enjoy this hobby. I look at winning as a bonus feature to the hobby. I still enjoy following the lottery whether I win or lose. I don't get down or discouraged when my numbers don't come in but I enjoy checking every day to see if they did.

What I spend on it doesn't affect my means or lifestyle a bit so maybe that's why I have a nonchalant attitude about it. I'm... [ More ]

Reply #6

ThatScaryChick — Tue, 03 Nov 2009 18:30:14 GMT

I think I average about $10 to $20 dollars a week. It varies between that amount, depending how much I spend on each drawing.

Reply #5

diamondpalace — Tue, 03 Nov 2009 18:22:14 GMT

Keeping track for a month now, break even. Some months short, some profit. I wouldn't call this an investment, because it is a really bad one in term of its odds payout. Just play for fun, with the budget one can afford.

Reply #4

tiggs95 — Tue, 03 Nov 2009 18:19:32 GMT

If I kept track I'd probably have a heart attack..Good luck..

Reply #3

RJOh — Tue, 03 Nov 2009 17:33:06 GMT

I keep tabs on my won/lost amount for the year and I'm about $70 short of my normal lost for the year which has been the same for the last 10 years even before MegaMillions was available locally.

Reply #2

tiggs95 — Tue, 03 Nov 2009 17:27:57 GMT

rdgrnr..Play what you can today tomorrow is not a given day so enjoy today..I hope you hit in all states in one day..That would knock down some odds..Bust a big one

Reply #1

stephi — Tue, 03 Nov 2009 17:23:22 GMT

When I do play, $1 to $4.

What do you invest in the lottery? (if you don't mind saying)

rdgrnr — Tue, 03 Nov 2009 17:16:02 GMT

I have on occasion wondered if maybe I spend too much on the lottery. I have however decided that I don't, in my opinion.

This month I will purchase roughly $214.00 worth of tickets in two states (TN and VA).

That comes out to roughly $7.14 a day.

This keeps me in the action for every play for all of the jackpot games in both states with a line of my own numbers and a line of quick picks in every game and with multiplier options on all that are available.

I'm not wealthy but I can we... [ More ]