National Lottery - Anyone got £13,983,816?

[nikebee]

We should have an OcUK syndicate. Every member pays me £1 through paypal.......

to me....

 

[Ahleckz]

Yep, you would need to process roughly 54 tickets a second, every second, for those 3 days.

If you aimed for the Weds draw, you buy yourself some extra time, but still not enough for it to be physically possible.

You could buy them on Saturday, for the next weeks Saturday draw giving you slightly more time.

 

[krooton]

You could buy them on Saturday, for the next weeks Saturday draw giving you slightly more time.

True, but then run the risk of losing should someone win the jackpot on the Weds.

 

[Vonhelmet]

Surely the 1 in 13mil odds depend on you buying one ticket... Buying 13 mil tickets will mean that there are 26mil tickets in circulation, and therefore the odds are 1 in 2 that you win?

(I don't know how the lottery works)

Well, you're half right.

 

[MikeHunt79]

Ask your bank manager, I'm sure he'll lend you a few mill

 

[psd99]

good thread


I didn't think hard enough that actually you could make more money than 13 million
but what I don't get is if you've got that MUCH money why would you want to risk it?

what if 6 people got the winning combination? surely there's a break even point!!!

 

[Ahleckz]

True, but then run the risk of losing should someone win the jackpot on the Weds.

Good point, I forgot we were speaking about rollovers.

 

[Tefal]

This Saturday's (4th November) jackpot is estimated at £18.1m but the odds of winning are 1 in 13,983,816.

So, does anyone have £13,983,816 and I'll share the profit?

but if somone else also wins you will only get 9 mill max and be out several mill.

 

[Cosimo]

We should have an OcUK syndicate. Every member pays me £1 through paypal.......

To your Nigerian account.

 

[Parky]

I hate you, and for that reason I'm out.

 

[Smithy]

Surely the 1 in 13mil odds depend on you buying one ticket... Buying 13 mil tickets will mean that there are 26mil tickets in circulation, and therefore the odds are 1 in 2 that you win?

(I don't know how the lottery works)

The lottery isn't won by your ticket matching someone else's, or by your ticket being draw; It's won by matching the 6 numbers drawn at random by a machine.

The probability of your ticket (i.e. one set of 6 numbers) matching the 6 numbers drawn by the machine is roughly 1 in 14 million. The amount of tickets bought doesn't influence the probability of 1 ticket winning the jackpot.

 

[SDK^]

There's a website on this already.
Basically, if you bought every ticket combination for every draw since the lottery began you would be extremely poor, loosing on average £8m-10m per game.

Total loss : -£13,058,385,630

Useful reading : http://lottery.merseyworld.com/WhatIf/Intro.html
Draw prize breakdown : http://lottery.merseyworld.com/WhatIf/All.html

 

[Fuzz]

Gutted if your tickets didn't win.

This post is full of DERP

 

[JayMax]

Draw prize breakdown : http://lottery.merseyworld.com/WhatIf/All.html

Isn't this a bit misleading? Why would anyone want to cover all combinations at a cost of ~£14mill if the prize pool/jackpot was was under £14mill+?

 

[Pain]

You could always ask Derren Brown and just buy the one ticket?

 

[Ace Modder]

I have put 10 lines on for Saturday.

 

[d_brennen]

I have put 10 lines on for Saturday.

Casual drug abuse wrecks lives save your money for the lotto instead!

 

[Abraham]

when did the lottery start doing the euromillions type "must be won" filter down to 2nd layer type thing? it always used to be that if it wasn't won on the 3rd go it went into the charity pot.

 

[Morgoth]

10 Lines? Addict!

 

[Cosimo]

Casual drug abuse wrecks lives save your money for the lotto instead!

Better still don't throw your money away.