the lotto: scam of the century...

legs11 · 19-04-2008 10:03PM #1

right, how many here buy lotto tickets? I think its a disgrace they are just milking the general public here.

lets face it, tonight pot was 12.6M.

last wednesday was say 11M ish, they hiked it up a million (woooooo!) but creamed about 11M in sales since then.

and we get, if lucky.

>

5 Numbers (Not to be scoffed at). a whopping 1,865E

5 & Bonus and delightful 25k euro

anything below that is just a waste.

so despite milking us, they are giving out peanuts, and the massive amount of numbers means that a tiny country like Ireland is going to find it pretty impossible to win the jackpot.( we prob have the same amount of balls in the draw as the UK, with a popluation of nearly 60Million)

The National Lottery LOVE when noone wins, more cash for them.

Im surprised why no one has complained on joe duffy or what not about what they actually do with all the profit they get.

the hiked up the price of tickets, the number of balls in the draw and what not yet give our crap money in the end.

I mean matching five and a bonus would at least deserve a sum in the region of 500,000e not 25,00e...

friggin joke..

Heres my stop, now.!

Gordon · 19-04-2008 10:06PM

Don't buy lottery tickets then. Do you buy pizza at Dominos? They mark up the price just a smidgen, not complaining about that too?

Steve · 19-04-2008 10:10PM

Bit like the M50 toll bridge, only difference is you don't have to buy a lotto ticket.

aidan_walsh · 19-04-2008 10:12PM

Sales in 2007 for the Lotto: €778.5m

Prizes: €420.9m
Operational costs: €112.1m
Charitable Donations: €245.5m

No, you're right. Scandalous profits being made.

Phantasm · 19-04-2008 10:14PM

Gordon wrote: »

Don't buy lottery tickets then. Do you buy pizza at Dominos? They mark up the price just a smidgen, not complaining about that too?

Buying a pizza guarantee's you won't go hungry.
Gambling via Lotto tickets certainly does not.

ninty9er · 19-04-2008 10:14PM

What Aidan said

you obviosly know nothing about what the National Lottery actually does OP

ironclaw · 19-04-2008 10:14PM

Well if you do the maths...

(45! / 6!) = 8145060

i.e. If I had 45 objects (numbers) how many combinations of 6 could I get. So if you were willing to invest €8145060 then you can win the lotto. But given the fact our population is so small, then the chancing are winning are astronomical.

Still no other bet would offer the odds. €2 to win €115 million sometimes. Not bad.

alancork · 19-04-2008 10:15PM

Ah.... I suggest you Wiki the Irish National Lottery

http://en.wikipedia.org/wiki/National_Lottery_%28Ireland%29

to be honest...

See, the thing is, they give most of the money to charity.. ever see those little signs on Community Halls, GAA clubs etc.? " Supported by the National Lottery"..

Stercus Accidit · 19-04-2008 10:16PM

The lottery is a tax on stupidity.

piedpiper · 19-04-2008 10:17PM

There used to be fewer numbers in the draw, but (for all the maths heads) statistics and probability allowed a massive ring of people to place bets on all the possible outcomes of the lotto.
They ended up winning nearly every possible amount that was possible, including all the small amounts for 3,4 no.s etc. So hence the more numbers to choose from and less chance of winning

:rolleyes: Must go do the lotto

aidan_walsh · 19-04-2008 10:18PM

Anyone else see the irony in someone named after a Bingo call bitching about the country's biggest game of Bingo?

Steve · 19-04-2008 10:34PM

Motosam wrote: »

The lottery is a tax on stupidity.

/presses missing thanks button.

Sherifu · 19-04-2008 10:34PM

Motosam wrote: »

The lottery is a tax on stupidity.

Nail. Head.

aidan_walsh wrote: »

Anyone else see the irony in someone named after a Bingo call bitching about the country's biggest game of Bingo?

/waits for wallet inspector to roll by

berliner · 19-04-2008 10:35PM

Brian Nolan had interesting views on the lottery but surprise surprise he was banned from boards.

Capt'n Midnight · 19-04-2008 10:46PM

aidan_walsh wrote: »

Sales in 2007 for the Lotto: €778.5m

Prizes: €420.9m
Operational costs: €112.1m
Charitable Donations: €245.5m

No, you're right. Scandalous profits being made.

€112 is a bit much allright . They could save a bundle by not showing those ads all the time.
And lets not forget that a lot of the €245.5 replaces government spending

Sherifu · 19-04-2008 10:47PM

berliner wrote: »

Brian Nolan had interesting views on the lottery but surprise surprise he was banned from boards.

I doubt he was banned for his views. More his PM spam and other offences.

Actually "Spammy loolaa" was the reason given for his banning.

Beruthiel

Capt'n Midnight · 19-04-2008 10:55PM

ironclaw wrote: »

Well if you do the maths...

(45! / 6!) = 8145060

i.e. If I had 45 objects (numbers) how many combinations of 6 could I get. So if you were willing to invest €8145060 then you can win the lotto. But given the fact our population is so small, then the chancing are winning are astronomical.

Still no other bet would offer the odds. €2 to win €115 million sometimes. Not bad.

Even if you had all the tickets then you might still have to share the prize.

no, with a syndicate you are hoping to make enough back on the match 4, match 5 to cover the initial layout, so you aren't gambling you are virtually guarantted of getting your money back so it's a free bet or rather several million of them..

19-04-2008 11:18PM

piedpiper wrote: »

There used to be fewer numbers in the draw, but (for all the maths heads) statistics and probability allowed a massive ring of people to place bets on all the possible outcomes of the lotto.
They ended up winning nearly every possible amount that was possible, including all the small amounts for 3,4 no.s etc. So hence the more numbers to choose from and less chance of winning

This was really only true for the 6/36 game. The change from 6/39 to 6/42 was to increase the winnings in order to reduce the chance of those in Northern counties going up north to do the UK lotto instead. The 6/45 change was just plain greed.

piedpiper · 19-04-2008 11:30PM

Karsini wrote: »

This was really only true for the 6/36 game. The change from 6/39 to 6/42 was to increase the winnings in order to reduce the chance of those in Northern counties going up north to do the UK lotto instead. The 6/45 change was just plain greed.

Ah, shows how much I play the lotto. Still thought it was a 42 number draw.

Pherekydes · 19-04-2008 11:39PM

ironclaw wrote: »

Well if you do the maths...

(45! / 6!) = 8145060

Your Maths is wrong. 45!/6! = 1.66 * 10^53

What you want is 45 choose 6, which is

(45*44*43*42*41*40)/(6*5*4*3*2*1) = 8145060

Fremen · 19-04-2008 11:43PM

ironclaw wrote: »

Well if you do the maths...

(45! / 6!) = 8145060

i.e. If I had 45 objects (numbers) how many combinations of 6 could I get. So if you were willing to invest €8145060 then you can win the lotto. But given the fact our population is so small, then the chancing are winning are astronomical.

Still no other bet would offer the odds. €2 to win €115 million sometimes. Not bad.

Maths. Wrong.Yet somehow you got the end figure right

Number of combinations is 45!/(45 - 6)!*6!

The odds are 1 in 8,145,060

Edit: Damn you slow coach. Damn you to HELL!

Pherekydes · 19-04-2008 11:48PM

Fremen wrote: »

Maths. Wrong.Yet somehow you got the end figure right

Number of combinations is 45!/(45 - 6)!*6!

The odds are 1 in 8,145,060

Edit: Damn you slow coach. Damn you to HELL!

Always wanted to beat fremen to it...

Sherifu · 19-04-2008 11:49PM

Maths geeks, tonight you dine in hell!

Mr E · 19-04-2008 11:56PM

aidan_walsh wrote: »

Operational costs: €112.1m

Damn, Neil Delamare must charge ALOT for his sparkling wit and deadpan humour. :rolleyes:

I think the OP is just bitching because he has been doing the lotto for 15 years and all he got was a lousy scratchcard....

xsiborg · 20-04-2008 12:09AM

what is scandalous about the lotto is that you cannot install a lotto machine in a shop unless you have your phone line with eircom! i recently came across this anomaly when a friend of mine who owns a few petrol stations asked me could he set up a network with broadband connection and i recommended he go with smart telecom, he told me he had to go with eircom because he wanted to keep his lotto machine. it was only when i inquired further that he informed me of this crazy situation! i tried googling this phenomon but its obviously not well doccumented for some reason?? :rolleyes:

aidan_walsh · 20-04-2008 12:40AM

3 minutes on one search tell you this? If the lotto are the ones footing the bill for the machines, then it makes sense that they would want to keep with one provider.

Sherifu · 20-04-2008 12:43AM

Brian Nolan's new account PM'ed me to say he was banned for his views and something about the second rollover...

xsiborg · 20-04-2008 12:48AM

well spotted with the timing, but im hardly expected to do intensive research into what is only a minor gripe (in my mind- giving operators no choice but to go with eircon, sorry- eircom).

but thanks for informing me that lotto foot the bill for the machines, this i also wasnt aware of, i guess it makes sense now...

aidan_walsh · 20-04-2008 12:49AM

I said "if". I don't know, but if they are being insistent on the matter it makes sense to suggest that this may be the case.

JavaBear · 20-04-2008 01:21AM

Sherifu wrote: »

Maths geeks, tonight you dine in hell!

Well that made me laugh

phantom_lord · 20-04-2008 02:28AM

legs11 wrote: »

right, how many here buy lotto tickets? I think its a disgrace they are just milking the general public here.

lets face it, tonight pot was 12.6M.

last wednesday was say 11M ish, they hiked it up a million (woooooo!) but creamed about 11M in sales since then.

and we get, if lucky.

>

5 Numbers (Not to be scoffed at). a whopping 1,865E

5 & Bonus and delightful 25k euro

anything below that is just a waste.

so despite milking us, they are giving out peanuts, and the massive amount of numbers means that a tiny country like Ireland is going to find it pretty impossible to win the jackpot.( we prob have the same amount of balls in the draw as the UK, with a popluation of nearly 60Million)

The National Lottery LOVE when noone wins, more cash for them.

Im surprised why no one has complained on joe duffy or what not about what they actually do with all the profit they get.

the hiked up the price of tickets, the number of balls in the draw and what not yet give our crap money in the end.

I mean matching five and a bonus would at least deserve a sum in the region of 500,000e not 25,00e...

friggin joke..

Heres my stop, now.!

it took you until now to realise this?

the lotto: scam of the century...

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