how much do you spend on lotto

superfish · 13-02-2011 01:05PM #1

ok I was just wondering how much people spend on the lotto per week and whats the most you have ever won. the reason I ask is because im considering giving it up, I spend 10 euro a week for the past 2 years and the most ive ever won is 5 euro and a free scratch card

ishvalian · 13-02-2011 01:07PM

€0, It's not called "Poor mans tax" for nothing.

13-02-2011 01:09PM

A quick pick once every month or so, 30-40 a year.

I saw this quote somewhere once and its stuck in my mind, "The National lottery, a tax on stupidity!" It's quite correct when you think of the odds on even getting your stake back, let alone winning anything big.

Cybertron85 · 13-02-2011 01:10PM

0€ it's a mugs game. Same as scratchcards and any other game of chance.

pajor · 13-02-2011 01:12PM

€3 quickpick if the jackpot is big ie. over €5 million

and €2 quickpick on euromillions sometimes, if I'm feeling adventurous

phasers · 13-02-2011 01:12PM

I do tellybingo with my Ma 3 times a week, more for a laugh than to win anything. I do alright though, one of us generally wins a fiver so we don't really spend much money.

Sunnyisland · 13-02-2011 01:16PM

I did spend 13 euro every week doing monday millions,euro & lotto draw Evey week, did that for at least 2 years never won nothing more than 10 euro,won a few 1 euro scratch cards,i lived in hope, dont do it now coped on to myself.

Princess Peach · 13-02-2011 01:18PM

I'm always saying what I'll do when I win the lotto.

I don't actually play it though :pac:

Jet Black · 13-02-2011 01:23PM

I do it with a couple of people in work. Pay 4euro a week, win at least 100per month which goes towards a night out. So the 4euro I could be pissing against a wall gets pissed against a wall anyway

bonerm · 13-02-2011 01:24PM

€0. I worked out the odds .... and let me drop a bombshell on you .... they're not in your favour.

Why not just get a good job and pay your taxes that way. Saves you a trip to the shops.

Jet Black · 13-02-2011 01:25PM

Captain Chaos wrote: »

I'd rather stick €10 a week in a jar and when crimbo comes around, buy pressies for everyone and f off somewhere nice for a month with whats left out of the €5,200.

10x52=5200?

superfish · 13-02-2011 01:25PM

I never actually though about how much I was spending on an annual basis 520 a year over the 2 years ive spent 1040 and won a 3 euro scratch card and a fiver in return. think its time to start putting that tenner in a jar lol

phasers · 13-02-2011 01:25PM

Captain Chaos wrote: »

I'd rather stick €10 a week in a jar and when crimbo comes around, buy pressies for everyone and f off somewhere nice for a month with whats left out of the €5,200.

Maybe you could buy a calculator

bonerm · 13-02-2011 01:25PM

Captain Chaos wrote: »

I'd rather stick €10 a week in a jar and when crimbo comes around, buy pressies for everyone and f off somewhere nice for a month with whats left out of the €5,200.

You defo shouldn't play the lotto.

superfish · 13-02-2011 01:28PM

bonerm wrote: »

€0. I worked out the odds .... and let me drop a bombshell on you .... they're not in your favour.

Why not just get a good job and pay your taxes that way. Saves you a trip to the shops.

lol I have a good job would not be able to afford to throw a tenner a week away if I was unemployed bit of a silly comment so you are implying every one who does lotto is a bum

Mike 1972 · 13-02-2011 01:29PM

Ive never done the lotto or bought a scratchcard.

I pay enough tax as it is.

LETHAL LADY · 13-02-2011 01:29PM

I won €56 on the lotto last night with a €4 ticket so go on me.

fabbydabby · 13-02-2011 01:30PM

I don't understand the 'idiot tax' reference - I thought Lotto was tax free?

Anyway it's been shown that the Irish Lotto is one of the worst value lotteries in the world.

I'd do a 4 quid quick pick if the jackpot is jaycent, otherwise, no.

whiteonion · 13-02-2011 01:36PM

I never played the lotto.

thenutflush · 13-02-2011 01:50PM

Your odds of winning the lotto are 8,145,060 / 1.

But you need to do a minimum of two lines, so your odds of winning from one ticket are 4,072,530/`1.

Cost of ticket = 3 euro.

So the minimum jackpot the lotto needs to be to get the correct return for the odds is 12,217,590 euro.

Taking into account the chance you might have to split the prize if you won the jackpot when it was so large, and the fact that there are other smaller prizes you can win, I only do the lotto when it's about 8 million or more. After giving family members a decent share, that money would be probably halved anyway.

This means I only do it rarely, like 5 or 6 times a year.

Also, scratchcards are a scam, I have the odds from the national lottery to prove it.

Also, LETHAL LADY... the odds of getting 4 numbers like you did last night are 732 / 1 .... so from a 4 euro ticket, your fair prize should have been 2928 euro, not 56 euro.

http://www.lottoresults.ie/analysis

Sunnyisland · 13-02-2011 01:54PM

bonerm wrote: »

€0. I worked out the odds .... and let me drop a bombshell on you .... they're not in your favour.

Why not just get a good job and pay your taxes that way. Saves you a trip to the shops.

;)Nowdays Better chance of winning the lotto than getting a good job

Poor Craythur · 13-02-2011 01:55PM

Nadda.

Well, I think I've done it twice for huge jackpots. But every week? Fúck off!

13-02-2011 01:56PM

fabbydabby wrote: »

I don't understand the 'idiot tax' reference - I thought Lotto was tax free?

Anyway it's been shown that the Irish Lotto is one of the worst value lotteries in the world.

I'd do a 4 quid quick pick if the jackpot is jaycent, otherwise, no.

there you go

efb · 13-02-2011 01:57PM

Only the big ones stick €2 in a pool at work for the syndicate

thenutflush · 13-02-2011 02:12PM

The odds of winning the Monday millions are 1 in 3,262,623, and the prize is 1,000,000 euro, and the cost per line is 1 euro. I know it's a huge amount of money and that there are smaller prizes to compensate but it's hard not to see it as bad value. Although it is only 1 euro..

so the fair prize for the lotto jackpot is 12,217,590 euro
and the fair prize for the Monday millions is 3,262,623 euro

(12,217,590 / 3,262,623 = 3.745)

--> lotto is worse value than Monday millions when the jackpot is 3.745 million or less.

Just working this out for my own benefit folks!!..

phasers · 13-02-2011 02:12PM

Heh, the €5200 guy deleted his post even after 3 people quoted him.

the_monkey · 13-02-2011 02:18PM

I play euromillions once every few months, so maybe €10-€15 a year.

I always do quickpicks and NEVER learn my numbers, some people
are afraid not to play their numbers in case they come up.

last time i played i think i won €9.60 , when i took it to the shop
the girl said "yes this is a winning ticket" and my heart skipped a beat !!

so i was pretty dissapointed with the €9.60

!!

Big foots diick · 13-02-2011 02:26PM

4 euro a week,biggest win was 120 few months back.didnt last very long though.i wonder has any forgot there numbers only for them too come in.

the_monkey · 13-02-2011 02:41PM

Big foots diick wrote: »

4 euro a week,biggest win was 120 few months back.didnt last very long though.i wonder has any forgot there numbers only for them too come in.

it has happened.

Mike 1972 · 13-02-2011 02:51PM

the_monkey wrote: »

some people are afraid not to play their numbers in case they come up.

Why ?

13-02-2011 07:27PM

phasers wrote: »

Heh, the €5200 guy deleted his post even after 3 people quoted him.

Now we'll never know what he posted!

how much do you spend on lotto

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