Every combination of the lottery - GoFuckYourself.com

kenny · 06-10-2002, 02:59 PM

Is it possible to buy every combination of the big game lotto and profit from it?

grumpy · 06-10-2002, 03:05 PM

ofcourse.....you only need 2 months to fill in the combinations but than you will have for sure a profit ....dumbo

SilverTab · 06-10-2002, 03:08 PM

Probably not!

Here in canada the biggest one is the 6/49 and it's 6 numbers from 1 to 49...so I guess it makes 49x49x49x49x49x49=13,841,287,201 possibilities?? at 1$ each...even if you win the jack pot (a couple of millions...) you can figure it out....

kenny · 06-10-2002, 03:09 PM

Quote:

Originally posted by grumpy
ofcourse.....you only need 2 months to fill in the combinations but than you will have for sure a profit ....dumbo

I am talking about mass production of paid for tickets with a entire warehouse of lottery ticket machines cranking them out 24/7 with 3 shifts of employees running them.

B40 · 06-10-2002, 03:09 PM

Quote:

Originally posted by kenny
Is it possible to buy every combination of the big game lotto and profit from it?

Of course not or ppl would be doing it every draw.

reddawg · 06-10-2002, 03:09 PM

If that were possible I believe investors would do it all the time, I am not certain, but to profit from it, I guess the pot would have to be very high! Were your educated in Paradise?

kenny · 06-10-2002, 03:12 PM

It all about the math I know the <B>BIG</B> power ball can get to be $100 million+

Mojo Risin · 06-10-2002, 03:17 PM

Actually it was already attempted like 4-5 years ago.

A group of investors got together and hired people to start filling out all of the lotto cards. Each individual was responsible for its own seperate combination list.

When it came down to "last call" for getting your entries in, they were only able to get about 75% of the tickets in. They still ended up winning but there was that chance that they were going to lose.

I think some sort of law went in affect after this that prohibited such activities.

kenny · 06-10-2002, 03:18 PM

Damn! Day late dollar short.

Jakke PNG · 06-10-2002, 03:18 PM

Umm... Why is gambling profitable business?
Because, the house ALLWAYS wins in the end.

willow · 06-10-2002, 04:23 PM

Quite. Lotteries are like any other gambling, but with much worse odds.

They only pay out a fraction of what they get in so if it costs you $200m to buy every ticket you won't be very smug when you get a winners check for $120m over the next 30 years or something stupid.

salsbury · 06-10-2002, 04:25 PM

not to mention how much it'd suck if you somehow guaranteed yourself a win, and you had to share it with 4 other people who just had dumb luck.

Scootermuze · 06-10-2002, 05:11 PM

I did the math a few years ago with the 6/49 lotto and if you spent one minute per car filling it out, working 8 hours a day, 7 days a week, it would take a little over 15 years to fill out all of the cards to cover every combination.
Then you have to factor in the time it would take for Linda Lou down at the BP store to run em all through for ya..

clickpimp · 06-10-2002, 05:19 PM

you pay tax on your winnings ... nobody gives you a tax refund for your purchase of tix.

B40 · 06-10-2002, 05:45 PM

Quote:

Originally posted by clickpimp
you pay tax on your winnings ... nobody gives you a tax refund for your purchase of tix.

No tax in Canada on lottery or casino wins, it's considered a windfall not a capital gain.

B40 · 06-10-2002, 05:45 PM

Quote:

Originally posted by SilverTab
Probably not!

Here in canada the biggest one is the 6/49 and it's 6 numbers from 1 to 49...so I guess it makes 49x49x49x49x49x49=13,841,287,201 possibilities?? at 1$ each...even if you win the jack pot (a couple of millions...) you can figure it out....

It's actually 49*48*47*46*45*44

Mr.Fiction · 06-10-2002, 05:47 PM

Quote:

Originally posted by B40

No tax in Canada on lottery or casino wins, it's considered a windfall not a capital gain.

It's not even counted as income at the end of the year?

B40 · 06-10-2002, 05:48 PM

Quote:

Originally posted by Mr.Fiction

It's not even counted as income at the end of the year?

It is but it's tax free, I can find the section in the ITA if you want..

ace0r · 06-10-2002, 05:54 PM

nevermind

jimmyf · 06-10-2002, 06:07 PM

Some Aussie's did it in Califorina a few years ago....
jack pot 50 million.

corvette · 06-10-2002, 09:01 PM

Quote:

Originally posted by clickpimp
you pay tax on your winnings ... nobody gives you a tax refund for your purchase of tix.

In the US, I think that you can reduce your lottery winnings by the amount you spent to get those winnings. The difference would be taxable

the odds should be better than the payoff

ex. 1/80,000,000 should pay out at least 80 million to break even
anything after that is profit

if you do that, you also got to watch out for other winning tickets, they would reduce the payout amount

SilverTab · 06-10-2002, 10:49 PM

Quote:

Originally posted by B40

It's actually 49*48*47*46*45*44

I tought you could use the same number 2 times?? Anyway it's still a big number LOL....

06-10-2002, 02:59 PM	#1
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	Every combination of the lottery Is it possible to buy every combination of the big game lotto and profit from it? __________________ 7

06-10-2002, 03:05 PM	#2
grumpy Too lazy to set a custom title Join Date: Jan 2002 Location: Holland Posts: 9,870	ofcourse.....you only need 2 months to fill in the combinations but than you will have for sure a profit ....dumbo __________________ Don't let greediness blur your vision \| You gotta let some shit slide icq - 441-456-888

06-10-2002, 03:08 PM	#3
SilverTab Confirmed User Join Date: Nov 2001 Location: MTL Posts: 5,060	Probably not! Here in canada the biggest one is the 6/49 and it's 6 numbers from 1 to 49...so I guess it makes 49x49x49x49x49x49=13,841,287,201 possibilities?? at 1$ each...even if you win the jack pot (a couple of millions...) you can figure it out.... __________________ mmm my sig was too big... no more cool animation but hey still! need php? ICQ: 94586959

06-10-2002, 03:12 PM	#7
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	It all about the math I know the <B>BIG</B> power ball can get to be $100 million+ __________________ 7

06-10-2002, 03:18 PM	#9
kenny Confirmed User Industry Role: Join Date: Mar 2002 Posts: 7,245	Damn! Day late dollar short. __________________ 7

06-10-2002, 03:09 PM	#6
reddawg Confirmed User Join Date: Apr 2002 Location: Paradise Posts: 1,837	If that were possible I believe investors would do it all the time, I am not certain, but to profit from it, I guess the pot would have to be very high! Were your educated in Paradise?

06-10-2002, 03:17 PM	#8
Mojo Risin So Fucking Banned Join Date: May 2002 Posts: 47	Actually it was already attempted like 4-5 years ago. A group of investors got together and hired people to start filling out all of the lotto cards. Each individual was responsible for its own seperate combination list. When it came down to "last call" for getting your entries in, they were only able to get about 75% of the tickets in. They still ended up winning but there was that chance that they were going to lose. I think some sort of law went in affect after this that prohibited such activities.

06-10-2002, 03:18 PM	#10
Jakke PNG ex-TeenGodFather Industry Role: Join Date: Nov 2001 Location: Suomi Finland Perkele Posts: 20,306	Umm... Why is gambling profitable business? Because, the house ALLWAYS wins in the end. __________________ ..and I'm off.

06-10-2002, 04:23 PM	#11
willow Confirmed User Join Date: Dec 2001 Location: NY, NY, USA Posts: 131	Quite. Lotteries are like any other gambling, but with much worse odds. They only pay out a fraction of what they get in so if it costs you $200m to buy every ticket you won't be very smug when you get a winners check for $120m over the next 30 years or something stupid.

06-10-2002, 04:25 PM	#12
salsbury Confirmed User Join Date: Feb 2002 Location: Seattle Posts: 1,070	not to mention how much it'd suck if you somehow guaranteed yourself a win, and you had to share it with 4 other people who just had dumb luck. __________________

06-10-2002, 05:11 PM	#13
Scootermuze Confirmed User Join Date: Dec 2001 Posts: 4,513	I did the math a few years ago with the 6/49 lotto and if you spent one minute per car filling it out, working 8 hours a day, 7 days a week, it would take a little over 15 years to fill out all of the cards to cover every combination. Then you have to factor in the time it would take for Linda Lou down at the BP store to run em all through for ya.. Last edited by Scootermuze; 06-10-2002 at 05:13 PM..

06-10-2002, 05:19 PM	#14
clickpimp Confirmed User Join Date: May 2002 Posts: 1,159	you pay tax on your winnings ... nobody gives you a tax refund for your purchase of tix.

06-10-2002, 05:54 PM	#19
ace0r Confirmed User Industry Role: Join Date: Feb 2001 Location: Calabasa, CA & Chicago, IL Posts: 1,410	nevermind

06-10-2002, 06:07 PM	#20
jimmyf OU812 Join Date: Feb 2001 Location: California Posts: 12,651	Some Aussie's did it in Califorina a few years ago.... jack pot 50 million. __________________ Epic CashEpic Cash works for me Solar Cash Paysite Plugin Gallery of the day freesites,POTD,Gallery generator with free hosting