August 26, 2009 9:22 pm at 9:22 pm #860002
Is there a mod in the house (with a cc machine)?
Otherwise, I’ll just post my UBS account # and you can all wire your shares in.August 26, 2009 9:25 pm at 9:25 pm #860003
In PA about 19 years ago, they rigged the pick 3 by injecting a small amount of liquid in all numbers except for 2 numbers (I think 9’s and 6’s) then they placed big money on those combinations. I think it came in triple 6’s. When the numbers were in the machine be blown around all the weighted numbered balls stayed low in the machine and the others rose to the top. the investigation lead to the arrest of the insiders who attempted to pull off this caper.August 26, 2009 9:26 pm at 9:26 pm #860004AnonymousInactive
Will you guys trust a junior mod with this? I do have a credit card machine ready for action.August 26, 2009 9:26 pm at 9:26 pm #860005
It is now 10 minutes by the CR clock
I have served my time wellAugust 26, 2009 9:29 pm at 9:29 pm #860006
Yes, but the difference is clear. It would be perfectly legal for lottery numbers to be drawn by computer, and I’m sure there is no law that says they are not allowed to fool you into thinking it is random.August 26, 2009 9:32 pm at 9:32 pm #860007
26, I think it makes you an IDEAL pick.
Everyone who is interested should email cc info 26.August 26, 2009 9:34 pm at 9:34 pm #860008AnonymousInactive
For some reason my fight or flight instinct has been activated… and I think I should be running…August 26, 2009 9:35 pm at 9:35 pm #860009
ames, really, can’t you imagine some kind of behind the scenes “connection” that you can’t see? I can think of several. The winning balls could have a chip inside them that the computer sends a gust of wind towards. Or, the winning balls could be weighted, as 72 said. Just because we can’t see it doesn’t mean it’s not there. Otherwise, how do you explain the magic shows I’ve been to?August 26, 2009 9:36 pm at 9:36 pm #860010
nooooooooooooooooooooooAugust 26, 2009 9:38 pm at 9:38 pm #860011
Cindarella has been crushedAugust 27, 2009 12:16 am at 12:16 am #860012
btw- I meant the myth of magic has been crushed
sorry for that crusher- er- CindarellaAugust 27, 2009 2:22 am at 2:22 am #860014
Is there a mod update on the number of participants so far?
I had a thought – maybe Paypal would be better than CC.August 27, 2009 2:24 am at 2:24 am #860015
the myth of magic will always be crushed by the power of being open to educating oneself…
Enjoy the illusions presented before you…
never confuse the two.August 27, 2009 3:36 am at 3:36 am #860016charlie brownMember
what a lucky day to come visit! Where do I sign to get my share of the winnings?August 27, 2009 3:43 am at 3:43 am #860017August 27, 2009 7:07 pm at 7:07 pm #860018
I believe this to be 72’s life motto:
(ps- I hear ya loud n clear pop ;))
the myth of magic will always be crushed by the power of being open to educating oneself…
Enjoy the illusions presented before you…
never confuse the two.August 27, 2009 7:22 pm at 7:22 pm #860019
sorry, not all posts are meant to be deep. Just take it at face value- this is 72’s big beliefAugust 27, 2009 7:30 pm at 7:30 pm #860020
maybe not his life’s motto- deffinitely his CR motto
Ask him and learn from the pro himself 😉August 27, 2009 8:48 pm at 8:48 pm #860021September 23, 2009 8:23 pm at 8:23 pm #860022chofetzchaimMember
Jothar, it seems that you are weong about lotto being a tax on the stupid based on this article:
A Can Of Coke Is The Real “Tax On Stupid People”
Scenario I: You’re walking down the street with a friend when you remember that there’s a Mega Millions drawing that night. “One second,” you say, “I’m going to stop into this store and buy a lottery ticket for $1.”
If your friend is like many people, you’ll get a haranguing about how stupid that is, about how the lotto is just a tax on the poor, the desperate, and the stupid, and how you’re much better just putting your money into a bank.
Scenario II: You’re walking down the street, and you’re feeling thirsty. “One second,” you say, “I’m going to stop into this store and buy a can of Coke.”
“Cool,” says your friend.
But really, which is the tax on the stupid, the lottery ticket or the can of Coke? Most people reflexively say the lottery ticket, as WSJ numbers guy Carl Bialik reminds us today. But consider. In the first scenario, you’re out $1, in exchange you get a brief chance to fantasize, and the very remote chance of getting rich, plus a little tension while they pull the numbers.
In the second scenario, you’re out $1, you get a brief sugar high, followed by a crash, followed by tooth decay, sugar addiction, and then obesity, if you make a habit out of it. Clearly the Coke is worse in every way. If someone asked you whether they should buy a lotto ticket every day, or a Coke every day, you’d have to suggest the lotto ticket. Its superiority isn’t even in doubt.
Probably the reason people freak out over the lotto ticket is because the presence of math seems to make the analysis very clear, and they’re thinking about it strictly as an investment, and since there are so obviously better investments to make, the lottery ticket is dumb.
But for one thing, lottery ticket buyers probably aren’t thinking of them as investments, and really, regardless of how they view them, the fact is there are a lot dumber things you can do with $1, including buying a can full of sugar water. That’s the real tax on the stupid.September 23, 2009 8:38 pm at 8:38 pm #860023
I like the slant of that article!September 24, 2009 1:35 pm at 1:35 pm #860024
The article is specious.
1. The Coke provides a genuine, tangible benefit- a drink (admittedly overpriced) of sugar water, Caramel color,flavorings, and caffeine. The benefit is delivered. The lottery ticket, on the other hand, provides a dimyon of a future benefit, but very rarely delivers on it. It’s a complete waste of money
2. The addiction liability of the Coke is one shared by the lottery ticket as well, and in a much more severe form. One imagines “If I triple my investment, I triple my odds of winning!”, forgetting that 3 times basically 0 are still basically 0.
3. Finally, you can make a bracha on the Coke, delivering an instant shefa of bracha to the world (Nefesh Hachaim part II). No such benefit accrues when buying a lottery ticket. Buy the Coke, but brush your teeth.September 24, 2009 2:21 pm at 2:21 pm #860025
The following is a public service announcement:
The Mega Millions is Jackpot is now $75,000,000 – Next Drawing is Tuesday September 25.
you can play the Mega Millions in the following States:
California, Georgia, Illinois, Maryland, Massachusetts, Michigan, New Jersey, New York, Ohio, Texas, Virginia and Washington.
The PowerBall Jackpot is now $150,000,000 – Next Drawing is Wednesday September 26
you can play the PowerBall in the following States:
Arizona, Colorado, Connecticut, Delaware, District of Columbia, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Minnesota, Missouri, Montana, Nebraska, New Hampshire, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, U.S. Virgin Islands, Vermont, West Virginia and Wisconsin.
A bottle of Coke is anywhere from 1.25 and up and is available in all 50 States (as are dentists, endocrinologists and cardiologists)September 24, 2009 3:26 pm at 3:26 pm #860026
You can always buy a Diet Coke.
If you took the dollar bill and lit it on fire, you would have a tangible benefit of watching the paper burn, without any empty calories or tooth decay, and you have statistically about the same chance as wining the lottery.September 24, 2009 3:56 pm at 3:56 pm #860027
if you lose you can light the lottery ticket on fire and get the benefit of watching paper burn without violating laws regarding the destruction of US currency OR you can save the losing tickets so that if you win you can offset your winnings with the loses for tax purposesSeptember 24, 2009 4:03 pm at 4:03 pm #860028
Yeah, like open your faucet, fill up a couple of bottles and sell them for profit.September 24, 2009 4:07 pm at 4:07 pm #860030mazcaMember
hey how do I buy the lottery , I can always try, once somebody told me I was going to win the lottery but I never buy..how is that, please alight me on thatSeptember 24, 2009 4:08 pm at 4:08 pm #860031Poshite Yid 613Member
sell them for profit in midbar yehuda!!!!September 24, 2009 4:10 pm at 4:10 pm #860032
Or in the airport to really rake it in.September 24, 2009 4:13 pm at 4:13 pm #860033Poshite Yid 613Member
Or during shiur!September 24, 2009 4:18 pm at 4:18 pm #860034mazcaMember
lol i want to win no loseSeptember 24, 2009 4:19 pm at 4:19 pm #860035
yeah, I can already see the $$$ rolling in.September 24, 2009 7:21 pm at 7:21 pm #860036
mepal, I think a year or two ago, there were a few companies selling bottled water that actually was tap water. Next time you’ll have to be original. 😉September 24, 2009 11:58 pm at 11:58 pm #860037
We could collect rain water and sell it or we could find a stream and collect the water. Profit!!!September 25, 2009 12:04 am at 12:04 am #860038
mybat, it would have to be approved by all the mods first. 😉September 25, 2009 12:12 am at 12:12 am #860039
Woooow! I’m in awe! It is mod 80!September 25, 2009 2:11 pm at 2:11 pm #860040
Drop of genuine Erev Yom Kippur mikveh water in every bottle..September 25, 2009 3:54 pm at 3:54 pm #860041
Mine will have Motsoai Yom Kippur mikveh water and will sell at a premium!September 25, 2009 3:59 pm at 3:59 pm #860042
just let me know where so I know not to buy.October 5, 2009 2:41 pm at 2:41 pm #860043
From a newspaper article today:
When Lou Eisenberg struck it rich in 1981, winning $5 million in what was then the largest lottery payout ever, people started asking him for advice about money.
“All of a sudden, people were asking, ‘Lou, what about this?’ ‘What about that?’ ” Eisenberg, now 81, recalled.
It turns out he was the one who needed the answers.
Nearly 30 years after picking winning numbers, all that’s left are memories of his lucky day and the whirlwind life of TV appearances, cheering fans, travel and luxury.
The former multimillionaire now lives in a mobile home in Lake Worth, Fla., on $250 a week from his Social Security and pension checks.
you left out some details that explain how he spent his money:
With installments of $219,000 a year, $130,000 after taxes, paid out over 20 years, he was able to quit his job and buy a $130,000 condo with an ocean view and a terrace in Brighton Beach.
As his fame grew, so did his spending. There were days at the track, trips to Europe and Hawaii, and dinners where the newly minted millionaire always picked up the check. “Whoever needed something, I gave cash. I wanted to be nice to people,” he said.
He said he gave a big chunk of his winnings to his second ex-wife. He married a third time, but that didn’t last either.
By 2001, after he cashed the last lottery check, he was broke.
Eisenberg now spends time at a dog track in West Palm Beach, Fla., and still bets “a penny” here and there.October 5, 2009 7:04 pm at 7:04 pm #860044October 6, 2009 3:06 am at 3:06 am #860045
Mybat, the hard part here is winning, with the odds of winning statistically zero. This point is, even lu yitzur you win, there’s no guarantee the galgal hachaim will keep you that way.October 6, 2009 3:24 am at 3:24 am #860046
Yes jothar. The world turns. But look at how many celebrities just spend like there is no end. Money could finish. Especially if they are spending faster then they could make it. (Michael Jackson)October 6, 2009 2:14 pm at 2:14 pm #860047youmeMember
sit and shtiegOctober 6, 2009 3:57 pm at 3:57 pm #860048
Here’s a little something from Tim Harford, Financial Times advice columnist:
J.P., via e-mail
More surprising is the discovery that those who won between $50,000 and $150,000 were as likely to have gone bankrupt five years later as those who won less than $10,000. Since the size of a win is random, there should have been no difference between big winners and small winners at the time they bought their ticket. It is remarkable that the additional money was not used to pay off debts.October 6, 2009 4:25 pm at 4:25 pm #860049
The bankruptcy issue is tied to the instant gratification mentality that is predominant amongst lottery players. The delayed gratification mentality is what motivates a person to work hard in school, go to college, get an entry level job in hopes of moving up, save money for retirement, etc. Instant gratification is the predominant mentality in poor societies – the ghetto kids who are always looking for their “ticket” out, for example, and all the buddies who hope to ride out with him on his ticket.
Therefore, it is not surprising that a large percentage of lotto winners end up bankrupt – since a large percentage of lottery players are imbued with an instant gratification mentality (which is what drives them to spend their paycheck on lotto tickets in the first place). This observation is a purely sociological one, and I believe it completely undermines the value of your statistics. The chances of you going bust before you win the lottery are probably about the same as they were for you before you won.October 6, 2009 6:45 pm at 6:45 pm #860050
Squeak, no it doesn’t. You merely explained why the statistics are true. Granted, a delayed gratification type who wins the lottery will invest the money in something paying long dividends. But he will also be much less likely to blow money on the lottery in the first place. That’s why the lottery is a tax on the stupid- the delayed-gratification types don’t pay it.
Tim Harford has a better suggestion- pick numbers and DON’T buy the ticket. That way you can sweat to see if you should have bought the ticket. If the numbers are picked, you feel like an ID10T. You win much more often, and save money besides.
My inbox is filled with lottery winnings ever day. I must win about $10-20 million worth of lotteries every day. should I cash them in? 🙂October 6, 2009 7:54 pm at 7:54 pm #860051
Jothar, you are right in semantics. The statistics ARE correct. It is your conclusion that is incorrect. Merely winning the lottery is not a valid predictor for bankruptcy. Rather, the predictor is the predisposition of the lottery winner.October 6, 2009 8:09 pm at 8:09 pm #860052
For 1 dollar??? Buy it if it makes you happy. For entertainment purposes only,don’t expect to win.October 7, 2009 4:35 am at 4:35 am #860053
Squeak, the lottery winning is siman, not a sibah. Winning the lottery isn’t causative, but a lottery winner usually is the type who plays lotteries, and it’s indicative of the personality type.
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