Is it unintellectual to buy more than one lottery ticket?

Question

when there are 6 million possible combinations?

Answer 1

Given that your expected winnings are less than the value of the original ticket, the best cost/return will be if you buy *no* tickets.

Answer 2

"Buying a lottery ticket does not substantially increase your chances of winning."

Sometimes when the jackpot builds up over several drawings

the payout exceeds the odds - but the odds are so long to

begin with that it hardly pays to buy a ticket even then.

Essentially what you are buying is a dream, and a few

moments of excitement as the numbers are drawn,

both which are usually ( 99.999 percent of the time )

quickly dashed.

Answer 3

fact is, it's unintellectual to buy one lottery ticket.

you're not going to win.

the lottery is a tax on the mathematically handicapped.  

Answer 4

unintellectual? Well I think if you gamble responsible, the intellectual person whould at least gamble on the 10 million prize instead of the 40-50 or 100 million dollar prizes. Lots better chances and I think you could probably still live on the net proceeds of 10 million. And yes, someone does win.I look at it as entertainment and THROW a few dollars away once in awhile. If I should happen to win, most of it would go to my recovering heart attack bills anyway.

Answer 5

no but be careful in nor wasting your money on gambling

Answer 6

No! Not at all.  You got to play to win!!!

Answer 7

it is uninellectual to buy 1 or more lottery tickets.

it is a volentary tax.

if a lottery is won every week and you need 4 numbers correct between 1 and 40 without regard for order ( 1,26,15 wins and so does 26,1,15 )

(40C4) = 91 390

so the jackpot ( every week someone wins ) will have to be less then 80 000 ( pay for everything )

if you played 10 $ ( 10 tickets ) per week it would take you 9139 weeks to almost guarantee you winning 1 time. lets say your lucky and you win in half this time. so after 4000 weeks you win.

you spent 40 000$ over 77 years and finally won 80 000$

so over almost 77 years you made 40 000$

now lets say you invested 10 bucks a week into a LOW interest account (3% ) compounded annually.

(520)*(1.03)^77 + (520)*(1.03)^76 + ..... + 520(1.03) + 520

over 77 years you will have made (155 000$ - 40 000) =

115 000$

almost 300% MORE than playing the lottery at 10$ a week.

and bear in mind that my lottery was only 4 numbers which give a MUCH higher probability of winning than in real life. and finding an investment that pays more than 3% is relatively easy, exspecially after the first 10 years when you have around 6 000$ to reinvest.

the odds of winning a 5 ball draw between 1 and 49 are

1 / 49C5 = 1 in 1.906 million

Answer 8

it isn't unintellectual..not at all

actually is it better to buy more than one lottery ticket because there are 50 or 90 percent that you will win the grand prize..