Give me one good reason I shouldn't spend a small amount

You'd be better of buying a little bit of a stock of every paycheck instead.

>>1628150
How would that be better?

>>1628154
Lottery is a tax for people who are bad at math.

As far as becoming a millionaire overnight is concerned, your best chances are with a lottery ticket. However the chances are minute.

If you want to become a millionaire before the age of 30 you are better off making well researched investments in the stock market, your career, a business or some combination of these and other sensible ventures.

>>1628157

This. The odds are so long they might as well be zero.

Also that's Vegas carpeting.

Aren't lottery tickets only $1 each for the mega millions and stuff? That's only $52 savings a year if you didn't do it, or like $2,340 over 45 years.

I don't see the big deal personally. What I notice though is that extremely poor people who can barely pay rent are spending $52 a week on lotto tickets.

A $1 ticket a week isn't going to break you. You actually win, woo, you got a 1,000,000% return on investment. Just cut back on a soda, or a burger or something once a week. You don't win? You're only out a little bit.

>>1628157
If you spend $1 per week for 5 years and eventually win 50 million, what's the return on your "investment"??

I do, why not?

>$3 might win me millions. Seems like a good deal to me.

>>1628305
>>1628484
No problems with buying one ticket a week.

The problem is when poor people buy like 20 of then right after getting there paid check.

Because crypto currencies are in there infancy.

Buy BTC, waves, ETH whatever. Better than lottery.

this is why I sell puts

I am the lottery

>>1628157
Not only that but there is always the lottery winning curse. Most are back to where they started a few years later non the wiser and a lot more miserable.

>>1628141
every paycheck just buy some shitcoin. better odds of hitting than the lottery.

>every paycheck take $12 buy 2 xmr
>52xmr a year
>you spent $288
>xmr goes up to $15
>you now have $780

Because it's -EV

>>1628141
>Give me one good reason I shouldn't spend a small amount of money on lottery tickets every paycheck.

Because they have a negative expected value.

buy stock instead
lose money on some
then get taxed on the 0.1% profit you made on the rest

>>1628514
>If you spend $1 per week for 5 years and eventually win 50 million, what's the return on your "investment"??

You won't win it.

You have a better chance dying on your way to buy your lottery ticket than winning.

>>1628618
yeah pal we already know that

>>1628141
You'll make better returns on the stock market or even gambling in vegas.

>>1628617
This
Simple mathematics show that if you buy a ticket, you already losing money. Same with casinos, for every bet placed, mathematicaly you lost a tiny bit of that money
The only way to win is to not play or play something that you have some control over(poker, stocks, business)

No matter how "cheap" a lotto ticket is you will never see a return on that that money. Even just keeping it in the bank will make you more money at 1% interest.

Jesus, why is this board called /biz/ when so many users can't even comprehend middle school mathematics?

>>1628528
>"buy waves"
>buy a scam crypto with no chance to get any money back instead of scam lottery with a very small chance to win some
ty /biz/

>>1628141
statistically, it's better to buy all at once
eg, instead of buying a ticket every week, buy 50 or so a year instead (in one go)

>>1629041
Really? Why is that?

>>1628141

> What are Statistics Alex?

>>1628141

Is this a troll thread?

>>1629062

52 in <4 billion is better than 1

>>1628484
Exactly. Lottery may have a negative expectation but it's so easy to offset if you're playing in moderation.

>>1628659
Of course. You lose the cost of the ticket/wager. Or do you mean something else?>>1628774

>>1629154
can't argue with that desu

>>1629154
52 chances of 1 in a billion adds up to 52 in a billion in the long run anyway

>>1628141
If it makes you happy and you don't go crazy, there's nothing wrong with it.

Just make sure you know that you're paying the money for the day-dream fantasies you get from it, and that you're never actually going to ever win the mega millions.

>>1628141

Because you waste more time than money.

>>1629532
Retard

(1-(53999999/54000000)^52) < (52/54000000)

>>1628141
you'd make more money spending a small amount of money on gun and tobacco stocks every paycheck.