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I bought 3 lottery tickets this week. foolish?

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  • #16
    Originally posted by jasonnoguchi View Post
    If you don't play, you will never win.
    Technically, this is not exactly true. I think you do have some chance of winning even if you don't play (you find a ticket on the ground, a friend gives you a ticket, a family member wins then dies leaving you the money). Maybe it is a really small chance, like 1 in 500 million, but then again some lottery chances are 1 in 100 million anyway...so it doesn't seem that much more unlikely.

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    • #17
      I live in a powerball state - when the jackpot gets over $100 million and I happen to be at a gas station, I'll buy 2 tickets. Probably amounts to maybe $10-15 per year. I consider it entertainment. =)
      seek knowledge, not answers
      personal finance

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      • #18
        Originally posted by KTP View Post
        Technically, this is not exactly true. I think you do have some chance of winning even if you don't play (you find a ticket on the ground, a friend gives you a ticket, a family member wins then dies leaving you the money). Maybe it is a really small chance, like 1 in 500 million, but then again some lottery chances are 1 in 100 million anyway...so it doesn't seem that much more unlikely.
        Yeah like my sister-in-law. Her parents won powerball (40 million) a couple of years ago and gave her and my wife's brother 1.2 million.

        I never played the lottery (wouldn't even know how) but I have played poker online and done quite well allthough I rarely play and don't enjoy it. Honestly I don't know how anyone can become addicted to gambling as its way to stressfull. What do they say about poker? It's hours of boredom separated by moments of sheer terror.

        My wife will occasionally buy a lottery ticket.

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        • #19
          Just wanted to add that I see nothing wrong with buying lottery tickets as long as there is room in the budget. Its just a form of entertainment like going to see a movie.

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          • #20
            Well if you lose, then you will be called foolish, but if you win, all the people who would've called you a fool otherwise, will be buzz around you like bees. So, its up to you. to Play or not to play...

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            • #21
              I play Powerball occasionally. I limit my "investment" to no more than 10% of stated winnings. By that I mean 10% of 100, not 100 million. So 10 bucks at 100 million. That's a small price to pay for the dream

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              • #22
                Funny, my dreams don't cost a cent. If I want to dream, I don't even think of a lottery ticket.
                "There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid

                "It is easier to build strong children than to repair broken men." --Frederick Douglass

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                • #23
                  Originally posted by Joan.of.the.Arch View Post
                  Funny, my dreams don't cost a cent. If I want to dream, I don't even think of a lottery ticket.
                  All dreams have costs. Only some of them are financial.

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                  • #24
                    Explain, please? A recurring dream of mine is to have a nut tree farm. I will no doubt dream about this when I am happily planting pumpkin seeds late next spring, pruning my little apple trees, and on the way to our boat, driving past riverside farmland that would be great for walnuts. Where's the cost in that dream? You mean it cost me in the sense that it displaced whatever else I might have thought about during those times?
                    "There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid

                    "It is easier to build strong children than to repair broken men." --Frederick Douglass

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                    • #25
                      Originally posted by Joan.of.the.Arch View Post
                      Explain, please? A recurring dream of mine is to have a nut tree farm. I will no doubt dream about this when I am happily planting pumpkin seeds late next spring, pruning my little apple trees, and on the way to our boat, driving past riverside farmland that would be great for walnuts. Where's the cost in that dream? You mean it cost me in the sense that it displaced whatever else I might have thought about during those times?
                      I imagine he's referring to the cost of the actual farm land & nut trees.

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                      • #26
                        We won $5 this week b/c 3 of our numbers came up..lol. We spent $6 on tickets this week..I told my dh we can spend that only and he agrees . I am fickle..I might change my mind about the tickets soon!

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                        • #27
                          Originally posted by KTP View Post
                          Technically, this is not exactly true. I think you do have some chance of winning even if you don't play (you find a ticket on the ground, a friend gives you a ticket, a family member wins then dies leaving you the money). Maybe it is a really small chance, like 1 in 500 million, but then again some lottery chances are 1 in 100 million anyway...so it doesn't seem that much more unlikely.
                          hahaha, ok, YOU WIN!

                          @Joan.of.the.Arch,
                          How do you put together a nut tree farm without any money? I would be interested to seek your advice on that. (Unless of course you are talking about only the "dreaming" stage, which of course requires no money)

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                          • #28
                            Originally posted by Joan.of.the.Arch View Post
                            Funny, my dreams don't cost a cent. If I want to dream, I don't even think of a lottery ticket.
                            Ok, so what if I dream of buying a lottery ticket and then have a sub-dream of what I would buy if I won that lottery? See? that works and doesn't cost a cent.

                            I have only had a dream within a dream like one time though...and I forgot most of it when I woke up.

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                            • #29
                              Woah KTP I actually think my brain just had a small freeze there. You mean dreaming of buying a lottery ticket and imagining inside the dream what You'll do when You've won?? Woah.... Yea gonna have to do a system re-set on that one lol

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                              • #30
                                I sometimes still purchase lottery tickets just for that slim chance of hitting the jackpot. I wouldn't say it was foolish. If you waste alot of money on lottery tickets, then it would be foolish.

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