I don’t go to casinos, I don’t buy scratch offs, and I don’t play the powerball no matter how high the jackpot. That is until tonight, I was just informed that my wife threw in $10 with her family to buy lottery tickets. Now before I go off portraying my wife as a know nothing moron who plays the lottery I can see the occasional “fun” money being spent on what-if scenarios and by all other accounts I don’t think there are two many women in this world that can handle expenses as well as my wife. Me however I feel almost sick that some of our hard-earned money was voluntarily paid into the stupidity tax. I would rather have heard her say that she had just lit a $10 bill on fire to see what would happen.
Well anyway I guess in some way I am playing the lottery today, let’s see what my odds of winning are. According to the Powerball lottery the odds of winning the powerball jackpot are 1 in 146,107,962. Now let’s put that into perspective. You would be more likely to flip a penny in the air and have it land tails 27 times in a row than win the lottery. This is probably the least gruesome and maybe most fun example of how hard it is to beat the odds. Here are some more examples.
I am 5,000 times more likely to be struck by lightening in my life time (Source: National Weather Service )
I am 208 times more likely to be struck by lightening this year than win the powerball (Source: National Weather Service)
You are 16 times more likely to get killed driving 10 miles to claim your Powerball ticket than actually winning it in the first place (Source: CNN)
Note: buying more lottery tickets does not increase your chances to win at all - its negligible unless you buying thousands and even then see your odds below
If you spent $10,000 a week on lottery tickets it would take you 2,809 years to win (Source: My Financial Journey)
If you spent $1 million dollars per year on lottery tickets it would take you over 146 years to win (Source: My Financial Journey)
If every single person alive on the planet (6.5 Billion) bought a powerball ticket - only 44 people would win (Source: Google Search )
My wife and I are expecting - we are 4,565,874 more times likely to have twins than win the power ball (Source: BabyCenter and Storknet)
We are 584,432 times more likely to have identical twins
18,038 more likely to have triplets
200 times more likely to have quadruplets
over 30 times more likely to have quintuplets
You are 8,117 times more likely to be murdered than win the lottery (Source: Funny2.com)
You are 213 times more likely to die in your bathtub (Source: Funny2.com)
You are 146 times more likely to die from a fireworks accident in your lifetime (Source: Funny2.com)
You are 208 times more likely to die from a dog bite (Source: Funny2.com)
So I guess my challange to my readers is to flip a penny and let me know how many of one side you get in a row. Don’t cheat eaither ;-)
Also if you got any other favorite odds comparisons let me know.
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