How much have you spent on the lottery?
Poll: How much have you spent on the lottery?
Total Members Polled: 256
Discussion
My concentration has just been broken by some infernal wittering in the BBC whereby people pay a voluntary tax, but with less hope of winning than being struck by lightning. Even my IFA wouldn't recommend such a thing, unless of course he got a commission on ticket sales.
So, since the National Lottery started in 1994 (about 780 weeks ago), how much of your taxed income have you thrown back into the pot?
So, since the National Lottery started in 1994 (about 780 weeks ago), how much of your taxed income have you thrown back into the pot?
I just do the same numbers every week... You never know 
Probably spent £1,000, but had something like £300-£400 back in total over the years, so cost is about £40 per annum... Most drinking people spill more than that
(and the odds on that spillage earning them a couple of million are somewhat lower than the lottery, I suspect 
Probably spent £1,000, but had something like £300-£400 back in total over the years, so cost is about £40 per annum... Most drinking people spill more than that
(and the odds on that spillage earning them a couple of million are somewhat lower than the lottery, I suspect 
Given that the odds of even winning £10 are something like 42:1 it doesn't make much sense. Frankly if I was gambling my money on something with odds of 42:1, I'd expect to get £42 back for my £1, not a measly tenner.
The odds of getting are about 14,000,000:1, but these days you'd be lucky to get £2,000,000 if you won, and that's if you are the sole winner and don't have to share the jaclpot.
The numbers just don't add up.
The odds of getting are about 14,000,000:1, but these days you'd be lucky to get £2,000,000 if you won, and that's if you are the sole winner and don't have to share the jaclpot.
The numbers just don't add up.
DIW35 said:
The odds of getting are about 14,000,000:1, but these days you'd be lucky to get £2,000,000 if you won, and that's if you are the sole winner and don't have to share the jaclpot.
The numbers just don't add up.
If you look at it purely mathematically, of course they don't add up The numbers just don't add up.
However, how else can you invest £1 with the opportunity for that £1 to get a return of "ONLY" £2,000,000?
Of course, if you can't spare £1, or have to go hungry instead, it's a bit silly. But for the sake of £50 each year...
Lets see what else you could do with that £50...
- Drive about 2 miles per week
- Have about 1.5 Magners / beer each week
- Smoke 20 cigarettes a week
- Buy the Sunday Times 3 times a month
- Almost join PCGB (but not quite)
- Buy your engine oil from the dealer instead of Halfords
- Pay for a franchised dealer technician work on your car for about 20 minutes
and so on...
The (outside) chance of winning a 7-figure sum, suddenly looks very appealing to me...
Probably between £2 and £10 a week since it started but then again I've had quite a bit back. This week I got two lots of 3 (£10 each) and 4 on a Daily Play (£5). I get a tenner at least once or twice a year, I must have won between £50 and £100 for 4 numbers at least half a dozen times, and in 2001 I got 5 numbers which netted me £1700. (Wouldn't have got the 944 otherwise.)
Now I'm waiting for 5 numbers and a bonus (£100,000-£400,000).
Now I'm waiting for 5 numbers and a bonus (£100,000-£400,000).
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