Lottery jackpot

[anotheoldgit]

http://www.dailymail....ase-166m-jackpot.html

Why do some people go crazy and rush out and buy numerous tickets to try and win a lottery jackpot of £166m?

Surely they have less chance of winning this vast amount than they would have of winning an ordinary lottery win, and even that amount would be quite sufficient for anyone to win?

[Safiya]

Its the buzz aog :)

[redman41]

It would change your life AOG and mine as well come to that !
You have to be in it to Win it !!

[Ankou]

innit to winnit.

[emmie]

I haven't done the lottery in ages, my luck is mostly bad, one day i might change my mind, but not now

[johnk]

The odds on winning are always the same, the amount makes no difference.

[Postdog]

of course you're right, but it's hope that makes me play,on the principle - excuse the slogan - that you have to be in it to win it.

I don't go mad, but I do buy a couple of tickets. I know the chances are very remote but a few quid is nothing.

I agree with what you said though - getting loads is stupid.

[Hopkirk]

The big prizes draw in the punters, but personally I would prefer 166 chances to win £1m, than one chance of £166m

I won't buy a Euro ticket for the big ones, because my family could not cope with a humungous win - I don't believe it would bring happiness.

[rowanwitch]

Just one ticket but if I won I could change a lot of things for the better not in my life or necessarily in my life time you can help a lot of charities with £166 million.....

[Old_Geezer]

Desperate folk buy loads of tickets. But as the chance of winning is miniscule it ends having a detrimental affect on their limited finances.

I no longer buy a regular one ever since they stole my prize back simply because the ticket was misplaced for 9 months. Probably their loss.

Now-a-days I'm more likely to buy only on the big roll-overs. 1 ticket, that's all fate needs. I'd not want to win and then feel bad about buying other losing tickets. That would have been a waste of money. And £1M goes nowhere these days. I'd rather have £166M and then I might be able to do something with it.

[Gromit]

The chance of winning is always the same, they are fixed odds. The total £ is accumulative, built up over several weeks, so roughly the same number buy tickets every week but the winning total rises each time (except it is now capped, it cannot go any higher).

[anotheoldgit]

redman41

/// It would change your life AOG and mine as well come to that !
You have to be in it to Win it !! ///

Yes that is not in question, it is why just because the prize is £166m.

Wouldn't say just £10m, be more than enough to win?

[Ankou]

as far as i am aware, its capped now at £166m so the lower winning combinations will provide more and more dividends the longer it goes on.

[sandyRoe]

A measly million would be enough for my modest needs. I'll buy a ticket and, if I win, give the other 165 million away.

[andy-hughes]

Human nature dictates that a chance to win is better than no chance to win.

On such basic attitudes is the entire lottery business founded.

i am always amazed that Camelot pay their directors bonuses - as if they actually need to do anything to generate profit! They are the only game in town - it's a licence to print money!!!

[redman41]

I could change many Peoples lives for the better with £166m AOG !
There are many deserving Charities out there which need help as well as deserving People !

[rowanwitch]

I think capping at ~~~~£100 million would have been better with bigger prizes further down...

but when I win it I will remeber who my friends are that is for sure

[anotheoldgit]

Surely the more people who buy a ticket, lessens one chance of winning the jackpot?

[Ankou]

hi rowan, yoo hoo.

[sandyRoe]

If more tickets are bought there may be a need to share the jackpot. I could live with that.

[Gromit]

Irrespective of how many tickets are sold, the odds on getting 5 numbers and 2 bonus numbers are 1 in 116,531,800.

Obviously, if more tickets are sold the chances of the lottery being won (rather than rollover) increases, but not the odds of getting the right numbers which is always the same.