"I have a problem with people who dispose of their income and then take food stamps because they spent their food money on lottery tickets."
I have a problem with people who spend their "food" money on a yacht and a second (winter) home 1,000 miles south of here, and then get food stamps.
Yeah spillover from another thread.
Buying the lotto tickets didn't make her any stupider then say a pretty new dress, magazines, or chewing gum, cigs ,crack or stocks and bonds .....one way or the other she was going to make bad choices and the rent was not a priority.
Mrs Sav
The shoes most definitely can pay for lots of scratchoffs, probably even a smallish bungalow in some boonies where the local population aces the banjo. Thankfully, I don't have to choose what is more important, rent or shoes. When my tenant would ask me to wait for two weeks for rent payment because she spent her money on lotto and scratch offs I had a problem with it. You see, I cannot ask the bank to wait for the mortgage payment w/o being penalized. The bank doesn't care that Laurie chose to buy scratch offs instead of paying her rent.
"what you should spend disposable income on"
I have no issue with people doing that.
I have a problem with people who dispose of their income and then take food stamps because they spent their food money on lottery tickets.
Those adorable shoes would buy a lot of scratch offs lol........whatever brings you pleasure is exactly what you should spend disposable income on. As soon as I stockpile some disposable income I'm going to make a list of stupid things to spent it on list and I'll invite you over to my bungalow so we can laugh about it :)
Mrs Sav
Rolls eyes...you don't need to disclaim your posts. Not with me.
To answer your dig
Hubby plays these idiotic games on occssion. His mom is a scratch off junky. Hubby also gambles, yes behind glass doors where only high rollers sit. I don't, and never spent money on this shit and still maintain that it's sheer stupidity to spend money on lottery and scratch offs. I call him a stupid Asshole each and every time that he spends money on it.
Having said that.
Re cheap: When I vacation I don't stay at bungalows ;).
I can say this because I love her and she knows it. :-)
M-
Wealthy people play the lottery. Cheap-ass wealthy people don't.
I don't know how serious Choucho is (since he's almost never serious) but I find it offensive that one can compare a successful business outcome to winning the lottery. A lottery win is dumb blind luck. Even Robert doesn't think that businesses are successful because of pure fortune.
What you refer to Perf is a "fair lottery".
There are - what - 175 million possible numbers in Powerball?
If the jackpot is $50 million, your $1 ticket has an expected value of $50 million/175 million i.e. 28.5 cents.
Once the expected value exceeds 1, THEN it makes statistical sense to play... if the jackpot is 400 million, well, your ticket is worth 400/175 = $2.285. This however neglects two things:
"Mrs. Sav, i do not believe that a single person in this thread has told anyone how go spend their pennies ;)."
No Lottery tickets are at least a whole dollar :P. I agree no one told anyone how to spend their money but it was suggested they were stupid ....frivolous maybe, misguided maybe but buying a lotto ticket doesn't make one stupid, buying them week after week still doesn't make them stupid ..........Thinking you're making some kind of investment and Expecting it to change your life makes you stupid.
Mrs Sav
Vabeach
You'll love this. Search "heres-when-math-says-you-should-start-to-care-about-powerball" from Business Insider.
:-)
"I find it sad how even otherwise sensible people delude themselves into thinking they have some kind of "system" in which they consistently come out a winner from it."
Google - "Quantum Physics And Positive Thinking"
Here is an example from one of the sites:
"The Law of Attraction is the Law of the Universe that states that what you think about and focus on is what you will physically manifest in your life.
So, now for the big question. Can you use it to win at Casino Gambling?
The answer is absolutely! As long as you are vibrating in the right place mentally while you are playing."
You just have to vibrate at the right time, Va.
Found this. A senior thesis from Harvard studied sales of lottery tickets in a poor neighborhood and a very wealthy one.
Basically, the poor play all the lotteries. The rich just go for the big ones, but when the big ones happen, they do it at the same level as the poor, average about $17 per capita
"And chachi: taking a risk to build something is far different than taking a risk by consistently pissing money away on a pipedream."
The majority of businesses that are started fail. The majority of the people who play the lottery don't win big. Seems about the same to me.
With the lottery, SOMEONE always wins big. That's the draw.
"And I'll add to Jinxs' post, that i never came across people who do very well financially who also play lottery or any of these dumbass games."
So are you analyzing the financial records of everyone you come across who is playing the lottery or are you judging a book by its cover?
Roulette is the WORST odds in the casino. My wife LOVES it. There's actually a way to beat roulette, but it's frowned upon and you have to have deep pockets.
There are slot machines that are over $1000 a spin. People who are not financially set aren't pulling that handle.
Black Jack is a team sport. If you sit at a table with 3-5 other players who understand the game, it's actually not all that difficult to walk away from the table with more money than you came in with. Unfortunately, most people play to beat the dealer. That's how you (and everyone at your table) loses. Don't be afraid to sit on small(er) hands if you think the guy next to you will benefit more from it....or better yet, if it will bust the dealer.
The odds are still with the house, but a table full of intelligent players definitely helps level the playing field.
Roulette is just fun to play. Requires no thought or real strategy and it's pretty easy to get $50-100 to last you several hours. If you're lucky, you'll walk away even, or maybe up a few bucks. At worst, you had fun for 2 hours.
T
Mrs. Sav, i do not believe that a single person in this thread has told anyone how go spend their pennies ;).
Hubby's best friend is a calculus professor at MIT. The guy put himself through school (Univeristy of Buffalo) playing cards in several casinos. From which he was eventually banned for life.
Indeed the odds are always in favor of the house. But comparing gambling with actual cards and live players to rigged machines is silly at best.
I'll yank the handle of a slot machine for shits and giggles. I win some, I lose some. I guess if you are doing it for sport it doesn't really matter if you win or lose....although when I win 5000 pennies I get pretty excited lol.
It's all about priorities and I don't agree with a lot of folks priorities. I'd rather live in a nice place than drive a nice car. I'd rather eat well than wear designer clothes.I'd rather take a vacation than acquire a gold necklace. I'd rather go to the casino than the opera. Spend all you want on what you want, it's your life.....now when it's your welfare check you're spending I can get pretty indignant but other than that who am I to decide if you should "waste" your money on a better place to live, better shoes or a chance at millions? We ALL waste money and there will always be someone whose idea of nonwasteful ways to spend it are different....trust they probably look at some of the things you do,own or buy as completely ridiculous and a waste of money.
Mrs Sav
It's all about taking a chance to beat the odds. I can't say what is more ridiculous; a $5 bet on 10 million to 1, or a $10,000 bet on 20:1. It's a gamble.
There is no game in a casino where the house doesn't have the best odds of winning.
That is why i asked. Poker and black jack is luck combined with knowledge, intelligence and strategy. I cannot imagine a financially succesful person yanking the handle of a Wheel of Fortune machine.
Poker is a completely different animal. Human against human with luck playing a part, but hardly being the only factor.
Blackjack is a somewhat different animal. Possible (but very difficult) to count and put things in your favor.
Roulette, slots etc is dumb luck. I find it sad how even otherwise sensible people delude themselves into thinking they have some kind of "system" in which they consistently come out a winner from it.
I always ask them that if that's the case, why do they go to work? Why not do that full time?
