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How Powerball manipulated the
odds to make another massive
jackpot

Washington Post, by Alex Horton

Original Article

Posted By:ketchuplover, 8/23/2017 9:16:55 PM

At $700 million, Wednesday night’s Powerball prize is the second-largest lottery jackpot in its history, and the math is working out in favor of lotto commissions. Two years ago, your chances of becoming an instant millionaire were 1 in roughly 175 million. Now, the odds are 1 in roughly 292 million. Tweaks to the game in October 2015 increased the number of total balls, from 59 to 69, from which players need to pick five. It may seem like a modest change, but the odds of winning the jackpot shot up astronomically. So now it’s even harder to strike it rich with Powerball,

Comments:
Why aren´t socialists calling for this jackpot money to be divided equally among all people? Probably because a good portion of socialists are buying tickets for themselves!

      


Post Reply  

Reply 1 - Posted by: Urgent Fury, 8/23/2017 9:25:26 PM     (No. 11362154)

Scam. But I got a ticket anyway. Because you never know...

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Reply 2 - Posted by: jj1319, 8/23/2017 9:31:27 PM     (No. 11362156)

^ I didn´t, and I know for sure.

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Reply 3 - Posted by: davew, 8/23/2017 10:12:53 PM     (No. 11362194)

I guarantee nobody foolish enough to buy these things has any idea what these odds actually mean. From a practical standpoint there´s no difference between these ridiculously small odds.

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Reply 4 - Posted by: whyyeseyec, 8/23/2017 10:20:14 PM     (No. 11362199)

The odds of winning a lottery of any amount are astronomical. If the odds were 1 in a billion, what are the odds of winning if you don´t play? Answer: zero

Which odds are better? One in a billion or zero? It only cost a couple of bucks to find out.

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Reply 5 - Posted by: MMC, 8/23/2017 10:21:18 PM     (No. 11362202)

My Stats major son laughs when I ask him if would ever buy a ticket.... but his mom isn´t as bright! Lol

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Reply 6 - Posted by: Urgent Fury, 8/23/2017 10:26:13 PM     (No. 11362208)

I wish I were as smart as some of you.

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Reply 7 - Posted by: Corndoggies, 8/23/2017 10:44:13 PM     (No. 11362239)

The money would be nice but my husbands ex would literally die of jealousy if we won. I´m not a nice person.

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Reply 8 - Posted by: ColonialAmerican1623, 8/24/2017 1:15:13 AM     (No. 11362330)

Somebody has to win (sooner or later) and it may as well be me. Ya nevah know.

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Reply 9 - Posted by: Island Life, 8/24/2017 4:45:38 AM     (No. 11362362)

So that´s why. I would have been okay at 1 in 175M.

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