Lottery is a bit crap

Lottery is a bit crap

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Discussion

PanzerCommander

5,026 posts

218 months

Monday 12th May 2014
quotequote all
bigandclever said:
Rich_W said:
How long till a Lotto jackpot is less than £1M?
In 1995, 133 people shared the £16 million jackpot, and that was a Rollover too.
You'd be gutted wouldn't you, thinking you'd won enough money to retire and live far more than comfortably only to find out you'd won enough to pay the Mortage off plus a new Ford Focus. Was the five numbers + the bonus actually a bigger prize that week?

Personally I'd still be rather happy with the £120.3k as I would be able to buy a decent house with no mortage.

I really need to think of another plan for early retirement.

TwigtheWonderkid

43,327 posts

150 months

Monday 12th May 2014
quotequote all
The 3 people who shared this weeks jackpot don't deserve £1m each, due to the stupidity of choosing 6 low numbers.

We all know that people go with birthdays, lucky numbers, house numbers etc. Therefore choosing all low numbers gives you the same chance of winning, but a much higher chance of sharing your win.

My lowest number is 32. Rule out all the birthdays that way. If I win the jackpot I'll be the only winner I should think.

TTmonkey

20,911 posts

247 months

Monday 12th May 2014
quotequote all
TwigtheWonderkid said:
The 3 people who shared this weeks jackpot don't deserve £1m each, due to the stupidity of choosing 6 low numbers.

We all know that people go with birthdays, lucky numbers, house numbers etc. Therefore choosing all low numbers gives you the same chance of winning, but a much higher chance of sharing your win.

My lowest number is 32. Rule out all the birthdays that way. If I win the jackpot I'll be the only winner I should think.
not sure if you ar ebeing serious.....

but just incase, dont forget they may have been lucky dip winners.

But most likly they are benifit frausters with 6 kids all under 18..... hehe

GTIR

24,741 posts

266 months

Monday 12th May 2014
quotequote all
Phil Dicky said:
Mr Trophy said:
Someone was telling me ( a taxi driver in London ) that if you don't go public after winning, you get the money split yearly, until full amount is paid. Anyone know if this is bullst?
Bullst....going public gets you Camelot backing and their financial advice foc.
Bullst. Camelot are legally obliged to offer "backing" (assuming you mean support) and initial financial advice. After that you're on your own.

vescaegg

25,529 posts

167 months

Monday 12th May 2014
quotequote all
TTmonkey said:
TwigtheWonderkid said:
The 3 people who shared this weeks jackpot don't deserve £1m each, due to the stupidity of choosing 6 low numbers.

We all know that people go with birthdays, lucky numbers, house numbers etc. Therefore choosing all low numbers gives you the same chance of winning, but a much higher chance of sharing your win.

My lowest number is 32. Rule out all the birthdays that way. If I win the jackpot I'll be the only winner I should think.
not sure if you ar ebeing serious.....

but just incase, dont forget they may have been lucky dip winners.

But most likly they are benifit frausters with 6 kids all under 18..... hehe
I only ever do lucky dip. If I picked thesame numbers each week I would have to play forever just incase they ever came up! hehe

PanzerCommander said:
You'd be gutted wouldn't you, thinking you'd won enough money to retire and live far more than comfortably only to find out you'd won enough to pay the Mortage off plus a new Ford Focus. Was the five numbers + the bonus actually a bigger prize that week?

Personally I'd still be rather happy with the £120.3k as I would be able to buy a decent house with no mortage.

I really need to think of another plan for early retirement.
I wish I lived where you do!

irocfan

40,389 posts

190 months

Monday 12th May 2014
quotequote all
vescaegg said:
I only ever do lucky dip. If I picked thesame numbers each week I would have to play forever just incase they ever came up! hehe
this^^^ lucky dip for 8 weeks at a time - do it all online so I can't lose the ticket and it's automatically checked.

PanzerCommander

5,026 posts

218 months

Monday 12th May 2014
quotequote all
vescaegg said:
I wish I lived where you do!
smile Hull and the surrounding area is pretty reasonable for house prices.

DrDoofenshmirtz

15,220 posts

200 months

Monday 12th May 2014
quotequote all
It used to be £1 - select some numbers - wait till Saturday. Easy.
Then it went to twice a week, then £2, then... I don't know what.
I wouldn't know where to start now tbh confused

onyx39

11,120 posts

150 months

Monday 12th May 2014
quotequote all
Pork said:
Mr Trophy said:
Someone was telling me ( a taxi driver in London ) that if you don't go public after winning, you get the money split yearly, until full amount is paid. Anyone know if this is bullst?
Must be true, a cabby said. hehe

No, it's not true.
Might be true in the States.

bigandclever

13,775 posts

238 months

Monday 12th May 2014
quotequote all
PanzerCommander said:
bigandclever said:
Rich_W said:
How long till a Lotto jackpot is less than £1M?
In 1995, 133 people shared the £16 million jackpot, and that was a Rollover too.
You'd be gutted wouldn't you, thinking you'd won enough money to retire and live far more than comfortably only to find out you'd won enough to pay the Mortage off plus a new Ford Focus. Was the five numbers + the bonus actually a bigger prize that week?
I should get out more ...

Category Prize Winners Total Percentages
Jackpot £122,510 133 £16,293,830 39.3%
5+bonus £7,872 246 £1,936,512 4.7%
5 match £181 6,660 £1,205,460 2.9%
4 match £16 165,738 £2,651,808 6.4%
3 match £10 1,932,744 £19,327,440 46.7%
Totals 2,105,521 £41,415,050 100.0%

Vanya

2,058 posts

244 months

Monday 12th May 2014
quotequote all
GTIR said:
Phil Dicky said:
Mr Trophy said:
Someone was telling me ( a taxi driver in London ) that if you don't go public after winning, you get the money split yearly, until full amount is paid. Anyone know if this is bullst?
Bullst....going public gets you Camelot backing and their financial advice foc.
Bullst. Camelot are legally obliged to offer "backing" (assuming you mean support) and initial financial advice. After that you're on your own.

Quad Bullst... for balance.


Cotty

39,498 posts

284 months

Monday 12th May 2014
quotequote all
onyx39 said:
Might be true in the States.
Yes I believe in the states they do get the winnings paid over a number of years.

Ari

19,346 posts

215 months

Monday 12th May 2014
quotequote all
Whenever someone talks about the lottery I always ask them to guess my mobile phone number. When they say it's impossible I always point out that it's much easier than the lottery, each number is only between 0 and 9. And they're paying a pound every time to have a guess!

Mugs game.

vescaegg

25,529 posts

167 months

Monday 12th May 2014
quotequote all
Ari said:
Whenever someone talks about the lottery I always ask them to guess my mobile phone number. When they say it's impossible I always point out that it's much easier than the lottery, each number is only between 0 and 9. And they're paying a pound every time to have a guess!

Mugs game.
Guy I know who recently won £108m would probably beg to differ. He may shout it at you from the drivers seat of his McLaren P1!

TwigtheWonderkid

43,327 posts

150 months

Monday 12th May 2014
quotequote all
Ari said:
Whenever someone talks about the lottery I always ask them to guess my mobile phone number. When they say it's impossible I always point out that it's much easier than the lottery, each number is only between 0 and 9. And they're paying a pound every time to have a guess!

Mugs game.
Your maths is wrong. 11 numbers in a phone number. The first 2 are 07, so 9 to guess. With a 1 in 10 chance for each. Which in my book is a billion to 1.

Lotto has odds of 14m to 1.

What you are overlooking is that to guess a phone number you need to get the right numbers in the right order. In the lotto, you don't have to get them in the right order. That slashes the odds.

You're 71 times more likely to win the lotto than guess the phone number.

redtwin

7,518 posts

182 months

Monday 12th May 2014
quotequote all
Cotty said:
Yes I believe in the states they do get the winnings paid over a number of years.
You can get it all at once if you agree to a lower payout. I think someone worked it out that you would still be better off accepting the lower payout as earned interest would more than compensate.

Of course the jackpot payout would be taxable (think it's 40%) which isn't the case in the UK.


Edited by redtwin on Monday 12th May 16:37

austinsmirk

5,597 posts

123 months

Monday 12th May 2014
quotequote all
apparently the number of people who pick 1,2,3,4,5,6 each week, or do each corner, or a verticle line is staggering.......do the degree if the 6 no's came up, they'd get virtually nothing.

apparently the ticket design actually works to try and out design this.


anyway back to the point, a plumber who worked for me did win £1.2m....... in the early 90's when £250k bought you a serious house.

and he bought a new vw polo.

Ari

19,346 posts

215 months

Monday 12th May 2014
quotequote all
TwigtheWonderkid said:
Your maths is wrong. 11 numbers in a phone number. The first 2 are 07, so 9 to guess. With a 1 in 10 chance for each. Which in my book is a billion to 1.

Lotto has odds of 14m to 1.

What you are overlooking is that to guess a phone number you need to get the right numbers in the right order. In the lotto, you don't have to get them in the right order. That slashes the odds.

You're 71 times more likely to win the lotto than guess the phone number.
That is an extraordinarily good point! thumbup

I'm, err, just off to buy a ticket...

getmecoat

Rich_W

Original Poster:

12,548 posts

212 months

Saturday 17th May 2014
quotequote all
Tonight is a rollover.

Website says "Estimated £6.9M"

I'm going to guess at less than £4m biggrin

Jasandjules

69,869 posts

229 months

Saturday 17th May 2014
quotequote all
Whilst the Euromillions is 30m plus....