OLG becoming a scam again
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When you buy a $6 ticket, you receive four sets of seven numbers selected from a pool of 1 to 52.
While the mathematical odds for a single individual line winning are roughly 1 in 133.7 million, the fact that you get four lines per play brings your actual odds per ticket down to approximately 1 in 33.4 million.
Very interesting! I didn't realize all of the numbers were in play. I always thought it was the top line and I always wondered the significance of the rest of the numbers.
Yeah, basically, as I understand it, is that you essentially get 4 separate lottery entries (lines) on one $6 ticket.
As far as I am concerned, ONE $6 ticket with 4 lines will effectively give me the same chance of winning the jackpot (1 in 34 million) as 10 tickets (4 in 34 million) .
I can afford to blow $6 every week/$300 a year on the basis that it won't make a difference in my life but at least gives me A chance of winning a prize that does get won by someone.. with a ticket.
Anything more than a single ticket (no Encore) is just throwing away money.
Why is Encore throwing money away? I know two people that won Encore. It's not life-changing money, but enough for a new car and some renovations; well, that's what one person I know did with the money.
I've never understood how the whole Encore thing works. I used to play it but asked myself why and stopped bothering. It felt like just an extra cash grab for the lottery corporation.
Ya I only every buy a ticket if the jackpot is above 50 mil. I don't ever expect to win but thinking about all the things I would do and people I would share it with is worth the price of admission. There is actually very little I need or want at this point so the lion's share would be given away to worthy causes. But I would definitely be buying a new Corvette.
What they're trying to do is eliminate the HUGE jackpots from when no one wins for months. his method will create more jackpot wins at smaller amounts.
Keep in mind that Canadian jackpot wins are untaxed, unlike in the USA. Winners in the USA also receive their winnings as an annuity, rather than a lump sum.
Withholding taxes vary from state to state. This link gives you an idea of how little a winner would actually receive from a Huge Powerball jackpot, with a tax rate of about 90% if it's received as a lump sum..
Powerball Tax Calculator by State: Your 2026 Take-Home
Powerball tax calculator covering every participating state, with federal withholding, state tax, and lump-sum versus annuity take-home estimates.
powerball-checker.com
Because the annuity is payable for life, the payoff is a whole lot less if an old person wins. A young person might collect payments for a 50 years, or for only a year if they use the money to overload on vices
The reason for this is the same as why marijuana was illegal for so long, but alcohol was not.
1%ers often acquired their family wealth from commodities. Read the first paragraph of the wikipedia stub for The Bronfman Family: They made a killing from manufacturing/ distributing liquor when alcohol was prohibited in the US, from 1920-33, under the Seagrams label. The Kennedy family fortune was also based on importing high quality Canadian Spirits for elite customers. Joe Kennedy also made a killing from insider trading in the stock market. He conveniently converted the majority of his personal stock portfolio shortly before the stock market crash of 1929.
These financial empires were often either built or expanded in partnerships with organized crime. The Rothchilds, a family of European Bankers, often lent money to both sides in any war, knowing that the Government would pay them back after the conclusion of hostilities.
Imagine that you are an 'old money' family living in an exclusive gated community. Would you want a wealthy Rastaman with his empire built from marijuana sales as your next door neighbour, and having loud parties with his friends? You also wouldn't want some blue colour wage slave buying a house on your block, with cash.
Chris Rock explains it better, for the demographic who learn better from spoken words and pictures as opposed to the same time investment reading words.
Many years ago, I worked with a woman who had a relatively low paying administrative job, perhaps in the $25K annual salary range, in 1993 money. She won $4 Million in the 6/49. She wanted to keep working, but management forced her out because she had more money than they did. and they were jealous. When employees earn more than their 'boss', they are less likely to be intimidated by threats of possible dismissal. The NBA is notorious for this. When the players want a coaching change, they can pressure the owner and senior management by just not trying to win. They have guaranteed contracts. The coach has a job as long as his team is winning, and he doesn't do something in his private life which would upset the ticket buyers or the TV sponsors. This is why great College football and basketball coaches often fail when coaching a pro team. College players weren't paid until recently; they received a free education in exchange for generating millions of dollars of revue for their schools. A college coach can suspend a star player for an act of insubordination. The pro player can put the coach on ignore, and speak through his agent, with backing from his posse of 'handlers'. The same applies in the music world. A pre-prison Diddy could say anything to anyone, knowing that he had eight guys with glocks backing him up. We've seen that on his own, he's not so tough.
I worked in pensions/ annuities/ actuarial during my business career, so monthly incomes for life explanations are my business area of expertise. I also needed to 'dumb things down' for the benefit of blue colour guys who drove, loaded and unloaded, or repaired transport trucks. All of the members elected to office positions formerly drove trucks, or loaded/ unloaded them, so part of my job was top make those guys appear more knowledgeable in the numbers department, because their area of expertise was usually in negotiations. I could also get away with a lot. If I tried to call the vice-president of a Local and the receptionist told me 'he's in a meeting', I could ask 'Did he bring the sports section'. I always at lunch at 2:30 +/- five minutes, and one guy who couldn't think on his feet would leave a phone message for me at 2:35, knowing in advance that I would not be there to take his call. I was paid about 50% more than other employees with the same job description because I was able to make decisions on my own, on the spot, without having to receive approval from above. That same skill limited my advancement, because management folk don't like it when a younger employee is more intelligent than they are. They'll assume that I'd be a threat at a future date, only because that's what they think they would do, if the roles were reduced.
Jeez, I though everyone knew this. Don't you people read??????
I'm not going to apologize to anyone offended by my use of the term "you people". In context, in refers specifically to members of TERB. TERBites are not a race.
I buy it once in a while when I see it when I fill up the gas. I don't mind playing - if I hit it....great - if I don't no biggie.
Same!
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