Lotto to Rise to €6 - Are They Parasites?

lion_bar · 18-08-2018 03:43PM

And isn't it all owned by a Canadian Teachers Union?

eeepaulo · 18-08-2018 03:44PM

lion_bar wrote: »

And isn't it all owned by a Canadian Teachers Union?

The ontario teachers pension plan set up a company in ireland called PLI, it then lent PLI €168 million at 9% over 20 years, (if what i read is correct, i believe an post pension was involved but most of the money was lent by OTPP)

I reckon thats the equivalent of a lotto win about every 4 months for them.

Someone does consistently win the lotto.

Marvelous

Arghus · 18-08-2018 03:46PM

It's a waste of money to be begin with, but in a way I respect them more for this because they are being even more transparent in how much of a waste it actually is.

dxhound2005 · 18-08-2018 03:54PM

There's a 'lotto' excitement across the country at the possibility of scooping one of the highest EuroMillions jackpots of 2018.

National Lottery CEO, Dermot Griffin, said today: “This jackpot is really catching the imagination of our players. With this amount of money anything is possible!

"We are advising all our players to buy their tickets early in-store, or play online at lottery.ie or through the National Lottery App.”

He added: “We also want to remind our players that by playing EuroMillions they are contributing to Good Causes all over Ireland.

The 100 million wasn't won on Friday. I wouldn't mind winning it next Tuesday. If anyone knows how it is rigged please let me know.

.G. · 18-08-2018 03:56PM

I only do the euromillions when it gets really big and even then only do one line. If i'm meant to win it, one line will be all that's needed.

tayto lover · 18-08-2018 04:01PM

I do the lotto in the bookies.
3 x 1 euro doubles and a 2 euro treble. This costs a fiver.
Two numbers gets you 61 euro. If you get the three then you get 1,435 euro.
Far better chance than in a shop.
I have not got 3 numbers yet since I started doing this in March but I have had two numbers three times.

corner of hells · 18-08-2018 04:56PM

I run the syndicate in work , 20 a month for twenty of us.
I've never actually bought a single ticket , I just keep the 400 hundred or so Euros each month for myself and just throw a tenner back into the envelope every so often telling my colleagues how lucky we are.
I think we've got forty or so Euros for the Christmas drinks.

I'm a winner every month.

KevinCavan · 18-08-2018 04:59PM

That’s what happens when the state sells it for a song.

KevinCavan · 18-08-2018 05:04PM

somesoldiers wrote: »

The children’s film on RTE1 on a Saturday evening is sponsored by McDonalds and pauses 2/3 of the way through for the lotto draw!

Clever, brainwash the childer before they are 18.

Turtwig · 18-08-2018 05:06PM

Niles Crane wrote: »

Pretty much everyone who plays the lotto knows it's a waste of money but there is always the chance it could happen and it provides a brief moment of fantasy in a persons life, you pay for the fantasy and escapism it provides not the chance of winning.

I don't agree with the tax on the stupid remarks. I do consider it exploitation though. People know it's a waste of money but they have little idea, myself included, just how much of a waste of money it intuitively is.

Unfortunately the lotto is pretty much the only opportunity to get rich quick without doing any work that exists.

This applies to all forms of gambling really. Its insidious offer of a dream world for such little investment is enough to lure people in.

ygolometsipe · 18-08-2018 06:45PM

I agree with a previous comment about it being for the escapism.
It's a bit of fun planning how to spend it all.

I'll give 1 million to ... buy a house in - No wait two houses or three in a hot country. Oh ....if only.... If only...

Plus+ it's not mentioned here but the lotto raised 200 million for charities in 2016.

Turnipman · 18-08-2018 06:47PM

That's where Shane Ross will get his half million extra to fund the Irish Womens' Hockey team.

In other words, the poor and the stupid will help to fund the recreational activity of some talented, middle class hockeyettes!

pjohnson · 18-08-2018 06:49PM

Turnipman wrote: »

That's where Shane Ross will get his half million extra to fund the Irish Womens' Hockey team.

In other words, the poor and the stupid will help to fund the recreational activity of some talented, middle class hockeyettes!

How will Ross get money from the Private company?

Turnipman · 18-08-2018 06:50PM

pjohnson wrote: »

How will Ross get money from the Private company?

Ask a grown up.

pjohnson · 18-08-2018 06:54PM

Turnipman wrote: »

Ask a grown up.

Interesting

mikemac2 · 18-08-2018 06:54PM

The same edgy and super smart people who say the lotto is a tax on the stupid probably piss away over a thousand a year buying takeaway coffees

Turnipman · 18-08-2018 06:56PM

mikemac2 wrote: »

The same edgy and super smart people who say the lotto is a tax on the stupid probably piss away over a thousand a year buying takeaway coffees

You pay for a cup of coffee, and it's odds-on that you get a cup of coffee.

You pay for a ticket in the lottery and it's odds-on that you get nothing.

Not all that hard to work out which is the stupider transaction - even if one isn't particularly "smart and edgy."

paleoperson · 18-08-2018 07:00PM

I agree that it's a tax on the stupid, though I don't think that makes it ok or right in the slightest.

On the contrary - those people don't know any better and are being exploited and are probably those who need it the most. I dislike and don't trust people who say someone deserves such and such because they're stupid - at the end of the day they can't help being stupid, it's not a crime!

Logically, it's a complete waste of money. I think the only reason people do it is because when they start thinking about how they could win they start instinctively overestimating their chances until it seems like a good deal. That's why they continue to feel like doing it, because a certain part of them is being fooled. There's no big shame in it, lots of times I start to feel like certain things are true when I objectively know that they're not. Humans, like any animals do something because they think they get something out of it.

Now you can always come up with arguments like people just like the game or whatever that can't be proved objectively wrong, but in my opinion that's not why people do it and you could do any number of other fun activities that would not cost you money and would provide the same satisfaction.

dxhound2005 · 18-08-2018 07:04PM

paleoperson wrote: »

Now you can always come up with arguments like people just like the game or whatever that can't be proved objectively wrong, but in my opinion that's not why people do it and you could do any number of other fun activities that would not cost you money and would provide the same satisfaction.

What sort of fun things do you do?

Turnipman · 18-08-2018 07:05PM

dxhound2005 wrote: »

What sort of fun things do you do?

I bet he plays Russian roulette!

gimli2112 · 18-08-2018 07:39PM

the more I think about it the more I think I'm done. Started in 88 w=same numbers fearful no escape. ty Canada you've given me an out.

SEPT 23 1989 · 18-08-2018 08:06PM

It's gone to sh1te since the Canadian pensioners bought it for a song

eurokev · 18-08-2018 08:12PM

I dunno why all the hate for people doing the lotto. I play it, it's just something I do with my father on a Saturday rotational basis for the last 12 or so years.
I'm neither poor or stupid, nor is my father thank God.
I have never won more than a few hundred but I have benefited from it massively throughout the years.
The local soccer club I grew up playing for was able to build two state of the art pitches and a new club house to replace our shipping containers.
The football club I played for were able to move away from using the facilities of their hurling club parochial neighbours, and build two pitches - a clubhouse and car park.
The aforementioned hurling club built a hurling wall and indoor hall.
The rowing club I was with were able to buy a few new boats and equipment and renovate the old dilapidated training hall.
All of this was either partially or wholly funded with national lottery funds. My childhood, adolescent and adult sporting enjoyment was massively impacted and improved thanks to the national lottery.
I've also just had a daughter who will benefit from these facilities as she grows.

So yeah, I'm probably down a couple of grand over the past decade from playing the lotto, but I am up an immeasurable amount besides.

And also my next door neighbor moved out a couple of months ago and sold up. Why??
Cause he won 500k on the lotto, was able to take early retirement, and built his dream house on a plot of land skirting the coast.

Some stupid eejits us

willowthewisp · 18-08-2018 08:17PM

somesoldiers wrote: »

The children’s film on RTE1 on a Saturday evening is sponsored by McDonalds and pauses 2/3 of the way through for the lotto draw!

I know gives me a great chance to check the number.

mikemac2 · 18-08-2018 08:19PM

Aertel page 150

Does Aertel still exist?

Was very handy for checking the numbers

221 for the football scores too

emeldc · 18-08-2018 08:53PM

paleoperson wrote: »

I agree that it's a tax on the stupid, though I don't think that makes it ok or right in the slightest.

On the contrary - those people don't know any better and are being exploited and are probably those who need it the most. I dislike and don't trust people who say someone deserves such and such because they're stupid - at the end of the day they can't help being stupid, it's not a crime!

But if I can afford to lose a tenner a week then for me that’s entertainment. It doesn’t make me stupid.

Anyhoo, do you remember the old lotto crowd used to add a million quid for a bank holiday, mother’s day, Halloween etc. That all stopped when the new guys took over. I agree it’s a bit of a waste of money but so is smoking and look at the amount of money 'stupid' people spend on that.

normanoffside · 18-08-2018 08:53PM

Niles Crane wrote: »

The stupidest people of all are the idiots who think their opinion of the lotto being a tax on the stupid is somehow edgy and perceptive and the kind of thing that will make people think about not playing.

Pretty much everyone who plays the lotto knows it's a waste of money but there is always the chance it could happen and it provides a brief moment of fantasy in a persons life, you pay for the fantasy and escapism it provides not the chance of winning.

Unfortunately the lotto is pretty much the only opportunity to get rich quick without doing any work that exists.

It is a tax on the stupid because you pay for the worst odds in gambling.
I love a bet and have never put spent a penny on a lotto ticket on principle.

If you want to win a million, you have a way better chance going to the bookies and sticking a €1 bet on a 1,000,000/1 chance in a football accumulator (or similar). Bookies have about a 2% edge in odds where they make their profit. with the lotto the house wins 200-300% more than it pays out.

Dr Turk Turkelton · 18-08-2018 09:06PM

[Deleted User] wrote: »

Always great to see our government doing its utmost to facilitate the gambling industry. Out with the hope industry that is religion, in with the hope industry that is gambling. And despite the obvious social problems with problem gambling, all those health-warning free lottery ads on TV are allowed to peddle their fairy tales to eejits.

Reality check:

Odds of winning Euromillions: 1 in 140 million
Odds of winning Lotto: 1 in 10.7 million
Odds of being struck by lightning: 1 in 300 thousand

And how many otherwise rational people in our scientific age think, deep down, that they could win the lottery but never think about their far greater likelihood of being struck by lightning? I'd wager every single person who buys a ticket otherwise they wouldn't buy a ticket. It's that common human self-deception that Ernest Becker mentions in his great Denial of Death about the soldier in the WWI trench feeling sorry for the soldier next to him who's going to die!

I know two people who have won the irish lotto jackpot. I know zero people who have been hit by lightning?
Seems like witchcraft to me.

wonga77 · 18-08-2018 09:11PM

The business I work in got a lotto machine some 3 years ago. I never imagined the extra traffic it would bring to the business. So many people hooked on it. So many that do the same numbers religiously with a fear of missing out.
The majority know they will win feck all but are just chancing their luck. But a small few think it's in their destiny to be jackpot winners.
I dunno, it's really changed my perception of things. There are quite a few people who I would consider addicted but because it's the lotto it's ok. If they were throwing down 60 70 odd euro on the horses then it would be seen very differently, that's what annoys me.
For the record i have found it's the 54321 that generates the most winners

PandaPoo · 18-08-2018 09:27PM

I sell these day in and day out at the front desk of a supermarket.. Some people clearly have a problem. One lady buys 2 of the €10 scratch cards every day. If she wins anything she will use that money to buy more.
Another lady spends €50 a week on various scratch cards.

A gentleman spends €42 a week on lotto and he won €50 a while ago and was delighted. I couldn't believe it.

They are all lovely people, I chat to them every day and get to know them. I assumed at first it was a syndicate or something but no.

Lotto to Rise to €6 - Are They Parasites?

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