

9 years ago
5
Here’s $100. Can you win $800 million in the Powerball lottery?
The odds of winning the Powerball jackpot are 1 in 292 million. But someone has to win, right? This simulator can play a huge amount of draws in a split second to remind you about the chances you really have. You will most likely lose everything. Share your results if you can.
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I tried it with both quick pick and own choice. The latter started later with winning (I used $5000 every time), quick pick went straight ahead. Everytime. But at the end, 10% of the total amount of bets comes back as prize. Bad investment. ;-)
Dreams Dashed. S'pose I'll hold off on having the carvers flown in for the winding staircase in the two-story library/music room I was planning and just be glad for my cute rent little controlled be it ever so humble spot in the world.
Simulated $10,000 of tickets. Made back $800. Ouch.
I ran $100,000 dollars using quick pick which generally seems to be the more recommended option. I got about 8% of my investment back. Luckily I've never really had a problem with lottery gambling so this just confirmed my suspicion...
Lesson here? The lottery is a tax on the mathematically challenged :)
Thats a cool thing.