What would you do?

in article , Nomen Nescio at
] wrote on 12/28/03 9:10 PM:

Happy? Nope, they all looked
like they were at
a funeral. A friend that was in on it told me later that they each got a
little over $3000 after tax.
But for the rest of their lives, they will have missed $10 - 15 million apiece
by 1 number.
I can't think of a better reason to not play the lottery than that!

Call me a Pollyanna, but I would've taken my three grand, said "thank you
very much", and shut the **** up about it.

in article uKuHb.669964$HS4.4764314@attbi_s01, Sven at
wrote on 12/27/03 10:28 PM:

The multi-state PowerBall lottery is going to be over $200 million
Wednesday. This thread has been done on here before...

What would you do if you won the Lotto???
Upgrade your plane?
Get a newer/bigger/better plane? Get a fleet?

Not all of us own airplanes, you know. I'd probably start by paying off the
credit card I maxed out just getting my license.

Is california or arizona selling tickets to this lottery?

I want to get some tickets but Nevada is not part of the lottery system
so have to fly somewhere where they do participate.


Sven wrote:

The multi-state PowerBall lottery is going to be over $200 million
Wednesday. This thread has been done on here before...

What would you do if you won the Lotto???
Upgrade your plane?
Get a newer/bigger/better plane? Get a fleet?
Get AMEL/ASES/ Instrument and/or Commercial ratings?

I'll wait until I win to decide... ;-)

"Jeff" wrote in message
...
Is california or arizona selling tickets to this lottery?

I want to get some tickets but Nevada is not part of the lottery system
so have to fly somewhere where they do participate.


Arizona sells 'em.

No - the point is that every dollar you spend on coverage that you never
use is wasted, and any accident that costs more than your coverage means
that all of your dollars are wasted.

Sorry. I've gotten very cynical about the whole insurance and legal system
in this country. It's a big beef of mine.

(Teacherjh) wrote in
:


But the odds of said mishap costing exactly the amount of your
insurance coverage are probably quite a bit worse...


What insurance company won't cover it unless the damage is exactly the
amount of the coverage? I want stock in that company!

Jose

--
(for Email, make the obvious changes in my address)

Many years ago when the Michigan lottery hit ten million bucks, on impulse I
stopped at the local party store on a friday night and got in line... I'm
standing there with my dollar in my hand and I have lots of time to observe
the line... The fella in front of me is obviously a hard working man, worn
clothes, down at the heels, thick calloused hands, greasy nails, etc... He
has a wad of the slips you mark with a #2 pencil for the machine reader to
enter your numbers... He is talking to himself and by the time he gets to
the register he has a hundred bucks worth of numbers marked up... By the
time he gets done with the clerk he has a hundred fifty bucks worth of
numbers...
I'm next and I have to ask the clerk what the rules are for the number
sequence, he tells me, I pick out some random numbers and surrender my buck
(no, I didn't get a single number in the drawing)...
But, I got a dollars worth of entertainment, and I have thought about the
guy numerous times... It was clear from his clothes, and his speech that he
was a laborer... A hundred fifty dollars had to be a major chunk of his
weeks wages that he could ill afford to throw away... I can afford to spend
that amount any time I choose, yet I was only willing to wager a dollar...
It is true (from my observation) that the lottery, and gambling in general,
preys on the poor... Strange that our governments find that attractive when
they have to supply welfare services to those newly impoverished by
gambling...

Don't get me wrong, I am a flaming capitalist and if the guy wants to waste
his money then someone might as well take it... Still, I find it strange
that those who can afford to gamble least, gamble most...

Denny
"Harry Gordon" wrote in message
...
I have never bought a lotto ticket since they started here in Texas. So, I
know that I will never have to seriously consider that question.

Not all of us own airplanes, you know. I'd probably start by paying
off the credit card I maxed out just getting my license.

Yikes!

"Judah" wrote in message
...
No - the point is that every dollar you spend on coverage that you never
use is wasted, and any accident that costs more than your coverage means
that all of your dollars are wasted.

Sorry. I've gotten very cynical about the whole insurance and legal system
in this country. It's a big beef of mine.

Maybe if you understood it better...or, maybe if you understood it at all!!
(based on remarks above)

"David Dyer-Bennet" wrote in message ...


I've thought about whether winning is actually any less likely than
their just sending you the check by mistake. But checking news
sources, it seems that people *do* actually win now and then, whereas
there are no documented cases of the check just being sent to the
wrong person.
--

The problem is not that people don't win, the problem is the EV is horrible.
That is, if you played the lottery forever, what would be the overall return
(essentially odds_of_winning*amount_won / amount_to_play). State
lotteries are horrendously bad. EV's around .5. Even the real sucker
casino games are up in the .9's.

"Dennis O'Connor" wrote in message
...
[snip]
It is true (from my observation) that the lottery, and gambling in
general,
preys on the poor...

Well...the stupid, anyway.

Strange that our governments find that attractive when
they have to supply welfare services to those newly impoverished by
gambling...

Hmmm...try as I might, I can't recall anyone going from gambling to
welfare. (Not that I pay it THAT much attention).

Don't get me wrong, I am a flaming capitalist and if the guy wants to
waste
his money then someone might as well take it... Still, I find it strange
that those who can afford to gamble least, gamble most...

Are you referring to those who play the horses...or those who play the stock
market?

Company I work for bought a really nice Citation CJ a couple years back from
a guy who lost his ass in the stock market and had to liquidate quite a few
of his assets. The CJ was really nice...less than three years old, only 220
or so hours. AIUI, he got hit with a margin call and had to raise some
serious cash within 72 hours...