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Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?

 
Anonymous Coward
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11/27/2012 10:39 PM
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Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
Old MacDonald

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11/27/2012 10:40 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


putin
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Anonymous Coward
User ID: 19612400
United States
11/27/2012 10:42 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
That is the huge risk...the splitting. And it is a risk not in your favor :(

Better to be involved in the mass conciousness powerball experiment powerball numbers thread here where the numbers to play are shown. Then you don't have to have millions of smurfs out buying powerball tickets!
Anonymous Coward
User ID: 14673884
United States
11/27/2012 10:44 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Your issue would be how to purchase 13 million lotto tickets all entered manually in a week's time. Would take thousands of people 24/7 at virtually every store that sells tickets.
Old MacDonald

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11/27/2012 10:47 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Your issue would be how to purchase 13 million lotto tickets all entered manually in a week's time. Would take thousands of people 24/7 at virtually every store that sells tickets.
 Quoting: Anonymous Coward 14673884


ohyeah
In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act - George Orwell

Rachel Maddow is HOT!!! - Seriously I'd hit it.

A VOTE FOR JUSTIN TRUDEAU IN 2015, WOULD BE THE MOST COWARDLY & IRRESPONSIBLE THING A CANADIAN CITIZEN COULD DO TO THEIR OWN PEOPLE. GUN GRABBERS ARE THE COMMON ENEMY OF ALL PEOPLE.

GUN CONTROL HAS RESULTED IN THE SLAUGHTER OF 262 MILLION CITIZENS BY THEIR GOVERNMENTS OVER THE PAST 100 YEARS.

THE LIBERAL PARTY OF CANADA & THE NDP ENDORSE GUN CONTROL, AN ESSENTIAL POLICY OF HITLER, STALIN, MAO, POL POT, EDI AMIN, QADDAFI, SADDAM, ASSAD, & EVERY OTHER TYRANNICAL GOVERNMENT THIS PAST CENTURY.

CANADIANS MUST NEVER FORGET THE BETRAYAL OF BILLS C-68 & C-17. WE MUST NOT REST UNTIL THEY ARE FULLY REPEALED.

C-19 WAS A GOOD START......BUT JUST A START. GET OFF YOUR COLLECTIVE ASSES AND MAKE AN IMPACT. WE HAVE 26 MONTHS.

I, THEE BOB, SWEAR ON THE ALTER OF GOD TO FIGHT ALL FORMS OF CANADIAN TYRANNY AND SAVE MY COUNTRY FROM THE EVILS OF THE NEW WORLD ORDER. I WILL NEVER HAND IN MY GUNS. EVER. I AM A FREE MAN, I WILL NOT BE THE BITCH OF THE SOCIALIST ESTABLISHMENT. LEAVE ME ALONE.
Anonymous Coward
User ID: 2849260
United States
11/27/2012 11:09 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Just get the tickets filled out for all possible combinations long before actually doing the purchase. As far as having to split the winnings, just think of all of the non jackpot winning tickets. Those could surely add up to a tidy sum as well.

As far as getting the money to BUY the tickets goes, since the win is guaranteed I wouldn't think a banker would hesitate to loan the money. With winning being a done deal, the risk of them not getting their money back is pretty much nil.
Anonymous Coward
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11/27/2012 11:14 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
actually, it's 130 billion + combos. so at 3 bucks a ticket, it becomes around a 400 billion buck investment to at best win back 50 mill. sounds like a "sure thing" to me. go ask a banker to back you on it.
Anonymous Coward (OP)
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11/29/2012 09:03 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
actually, it's 130 billion + combos. so at 3 bucks a ticket, it becomes around a 400 billion buck investment to at best win back 50 mill. sounds like a "sure thing" to me. go ask a banker to back you on it.
 Quoting: Anonymous Coward 28147705


What are you talking about. 49 choose 6 is like 13.9 million. You are talking about permutations where the numbers would have to be in sequence. Don't kill my thread with lies.
Dapurps

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11/29/2012 09:05 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
"What you perceive to be becomes your reality."

:ftwpanda:

dapurps
Anonymous Coward
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11/29/2012 09:11 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
actually, it's 130 billion + combos. so at 3 bucks a ticket, it becomes around a 400 billion buck investment to at best win back 50 mill. sounds like a "sure thing" to me. go ask a banker to back you on it.
 Quoting: Anonymous Coward 28147705


What are you talking about. 49 choose 6 is like 13.9 million. You are talking about permutations where the numbers would have to be in sequence. Don't kill my thread with lies.
 Quoting: Anonymous Coward 24090374


the total possible tickets that could be drawn is the equation 49*48*47*46*45*44=. this assumes a single pool of 49 balls. that comes to over 10 billion possible combos, if it is 6 different 49 ball pools, then it is 49^6, which is over 130 billion combos. either way, you dont stand any chance of recouping the investment. dont believe me, go ask the local banker to stake your "brilliant scheme". they will explain your massive level of fucktardery to you in a nice soothing tone, after enjoying a hearty belly laugh at your intellectual expense. the "odds" are not the same as the number of possible combos.
Anonymous Coward
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11/29/2012 09:11 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
actually, it's 130 billion + combos. so at 3 bucks a ticket, it becomes around a 400 billion buck investment to at best win back 50 mill. sounds like a "sure thing" to me. go ask a banker to back you on it.
 Quoting: Anonymous Coward 28147705


That might be true for the powerball, Lotto Max is about 13 million to 1. Pick a straight 7 out of 49 numbers. None of them have to be a power number.

And yet theoreticaly you could do it but it would cost you 13 million tickets X $5 a ticket.

65 Million to win 50 million is a 15 million dollar losss. You could buy half the numbers and gamble that the other two numbers you get free will cover the rest you didn't buy. Odds say they would but you never know. You could wind up missing a handful of numbers and have the draw hit those you don't have. That would also suck. And sharing the pot with somebody else would result in a loss as well.
The Myth

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11/29/2012 09:14 PM

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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
 Quoting: Dapurps


If it's a first-time lotto win, you don't have to pay tax on it.
Wouldn't it be great to heal the world, with only a song?
Anonymous Coward
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11/29/2012 09:15 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
I looked it up, odds are 1 in 28.6 million for the top prize. So it seems the answer would be no.

[link to www.wclc.com]
Anonymous Coward
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11/29/2012 09:17 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Your issue would be how to purchase 13 million lotto tickets all entered manually in a week's time. Would take thousands of people 24/7 at virtually every store that sells tickets.
 Quoting: Anonymous Coward 14673884


This isn`t true.

You can go to the OLGC and tell them you want to box it.
Anonymous Coward
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11/29/2012 09:18 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
You aren't the only one who thought of this. I did as well, lol.


Assuming you had the manpower and financial ability to do so, you risk splitting the winnings with another person who hits all the numbers. Would you take a 50million dollar chance on that?
TDJ

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11/29/2012 09:18 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
 Quoting: Dapurps


If it's a first-time lotto win, you don't have to pay tax on it.
 Quoting: The Myth


What???

You will pay tax. Where did you hear that?

Last Edited by Founders Fan on 11/29/2012 09:18 PM
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Anonymous Coward
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11/29/2012 09:20 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
 Quoting: Dapurps


If it's a first-time lotto win, you don't have to pay tax on it.
 Quoting: The Myth


What???

You will pay tax. Where did you hear that?
 Quoting: TDJ


Ever lived in Canada?
Anonymous Coward
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11/29/2012 09:24 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
 Quoting: Dapurps


If it's a first-time lotto win, you don't have to pay tax on it.
 Quoting: The Myth


What???

You will pay tax. Where did you hear that?
 Quoting: TDJ


No tax for winning any kind of prize in a registered lottery, charity raffle or contest. If you win a car in a bag of Cheetos or the Lion's Club car raffle you don't even have to pay on it. You don't pay at our casinos either. Whatever you win in this country you keep 100%.
Anonymous Coward
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11/29/2012 09:32 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Anybody who would go to Vegas to gamble big money is a fool. If you plan to make big sports bets or play $500 roulette spins you go do it in Canada. All the money you win is tax free. If you win you take every last fucking cent home with you.

Win $10,000 on a offtrack bet in Vegas and they take half before you leave. Why would you fly there to leave with $5000 when you could have flown to Windsor and kept all 10 in Canada?
Ralph--a house dog

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11/29/2012 09:39 PM

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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
There are groups of people who do this occasionally. I believe there is software that prints out all the combinations. The problem of course is somebody else winning and the simple logistics of buying all those tickets. I would imagine it is done mostly on games that sell for $1 a ticket and only when they grow to a real big amount.
"Who decides?"
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Anonymous Coward
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11/29/2012 09:43 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
As far as getting the money to BUY the tickets goes, since the win is guaranteed I wouldn't think a banker would hesitate to loan the money. With winning being a done deal, the risk of them not getting their money back is pretty much nil.
 Quoting: Anonymous Coward 2849260


popcornpooppopcorn

that's a plan...
Dapurps

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11/29/2012 09:44 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Lotto 6/49 has 13983816 possible outcomes. Can I buy 13983816 tickets to guarantee a win. If a ticket costs $3, I need 41.95 million dollars. If the Lotto is for 50 million, wouldn't it be worth the risk. Only risk would be if you had to share with other winners.
 Quoting: Anonymous Coward 24090374


To bad the tax on 50million would be bellow the 41.95 million you would spend. You would end up losing money.
 Quoting: Dapurps


If it's a first-time lotto win, you don't have to pay tax on it.
 Quoting: The Myth


lmao well that was a fail on my behalf considering I'm Canadian. Then again I've never won anything.
"What you perceive to be becomes your reality."

:ftwpanda:

dapurps
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11/29/2012 09:46 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
Anybody who would go to Vegas to gamble big money is a fool. If you plan to make big sports bets or play $500 roulette spins you go do it in Canada. All the money you win is tax free. If you win you take every last fucking cent home with you.

Win $10,000 on a offtrack bet in Vegas and they take half before you leave. Why would you fly there to leave with $5000 when you could have flown to Windsor and kept all 10 in Canada?
 Quoting: Anonymous Coward 27428056


US citizens still have to pay. And IRS would hunt them down till they did. And in 2014 Canada will be giving the US all info on Canada bank deposits by US citizens...
Anonymous Coward
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11/29/2012 09:47 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
If you have 41 million dollars, why are you even playing thge lottery?
Anonymous Coward
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11/29/2012 09:47 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
No tax on lotto winnings in Canada and if you go win in Vegas you can file for your taxes refunded if you are a Canadian.
Anonymous Coward
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11/29/2012 09:49 PM
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Re: Say if Lotto Max 6/49 is 50 million, can't buy all combination worth of tickets and win?
This theory has been discussed many times. The fact is it isn't a favorable wager.

You would have to have many people involved just to place this many bets - so you would have to split the winnings among many people.

You would have to be the only winner with those numbers - if one other person also has the same numbers, you lose millions. If multiple winners happen, you lose hundreds of millions.

You can get bettor odds (without the heavy downside possibility) betting on other things.


If it were a good bet, it would have been done many times...

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