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elbanditoroso's avatar

Suppose you and your friends had collected your money and spent $146,000 on lottery tickets. And you didn't win, of course. How would you feel this morning?

Asked by elbanditoroso (33578points) January 14th, 2016

pride that you had participated?

shame for wasting your money?

stupid?

What emotions are going through the minds of people who played big?

(I don’t mean the little guy who maybe put $20–50 towards Powerball; I’m talking about the folks who bought thousands of dollars in tickets)

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8 Answers

ibstubro's avatar

I’m glad there wasn’t a single winner. It’s a shame there weren’t more.

I’d hope that people who ‘played big’ had the money to spend. I have friends that are splitting their time between rural Missouri and Las Vegas. They’re getting a little ‘bang’ for their buck, but I don’t see the difference.

I wouldn’t be surprised if they were into the Powerball $5–10,000.
In any case, they have been home from Vegas since 12–31 and their flight to Vegas leaves today. At least one of them has to be home the last fay of January for business. And no, they don’t have a residence in Vegas. Hotel largess.

I doubt the money spent by most of the ‘big spenders’ means much more to them than the $12 I spent means to me.

JLeslie's avatar

I’d feel disappointed, but not surprised.

zenvelo's avatar

I would be kicking myself for being that stupid to be part of spending so much money. If one can afford to spend that much on the lottery, one doesn’t need the winnings from the lottery.

I have no issues with people gambling. Yet there is prudent gambling, in which one figures out how much you can afford to lose and still get entertainment from it. Any amount beyond that personal limit means wasting money.

janbb's avatar

Have never bought a lottery ticket; a sucker is born every minute.

CWOTUS's avatar

Considering the many ways in which so many lives are ruined – and ended! – through the route of “winning the lottery”, it’s a wonder that we still think of it as “winning”. I won’t say that I have never bought a lottery ticket, but at least I haven’t done it in several years, and still didn’t buy one this time.

Oh, and, yeah… if I had blown that kind of cash on lottery tickets I guess that I would also have the financial cushion that I could just shrug it off. And not tell anyone, ever.

jca's avatar

I spent $14 this time around. Last time, (last week), maybe $8. This week, we also spent $18 office pool for 9 people.

This time, I had $14 in my pocket and went to lunch with a coworker. He told me he didn’t want me to chip in for lunch, so I told him I’d take that $14 and buy Powerball tickets, and if I won, I’d split it with him. So I spent the whole $14 on tickets.

I have a good friend who gambles constantly at casinos. She is far from rich and she doesn’t admit what she blows, but I’m sure it’s more than she can really afford. To me, people spending tons on lottery is no different. Normally, I won’t spend more than $20 a year total.

They say the odds of winning are very very tiny, but if you don’t buy any ticket at all, your odds of winning are zero. I feel that “very very tiny” is a bit better than zero. I usually only buy if there’s a big jackpot. I don’t count on winning ever in my life.

Once I was in a deli and saw this guy buy about $80 worth of scratch off tickets. To me, that’s a big waste but no different then my friend who spends who-knows-what at the casino.

I view a casino the way I view a bar – not only does it take a lot of money but it’s a lot of time you could be spending doing something more productive.

I told someone once “casinos are not big, beautiful buildings because they’re giving their money away.” In other words, they’re big, beautiful buildings because they take in more than they give out.

ragingloli's avatar

I would feel like a fucking idiot.
Money spent on any sort of gambling should be seen as wasted money.
Like the money you spend on cigarettes, booze, or the occasional ice cream or chocolate bar.

johnpowell's avatar

My mom spent 10 on tickets even though she is the last person that can afford it. But it was only ten bucks and this was first time I have ever seen or heard of her buying lottery tickets. But upon further thought she probably had a lot of fun fantasizing for days what she would do if she won and then the actual excitement of watching the balls roll and checking her numbers. Your tickets to Star Wars cost more.

However 146K is bonkers.

There was a guy on r/wallstreetbets that claimed to short the powerball by getting everyone at work to buy tickets through him in a syndicate and then never buy the tickets.

https://www.reddit.com/r/wallstreetbets/comments/3zsn4x/shorting_powerball/
https://www.reddit.com/r/wallstreetbets/comments/3zvxp5/shorting_powerball_update/

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