£47,000,000.00 Feeling Lucky?

Discussion in 'Community Discussion' started by mpw, Jul 5, 2005.

  1. mpw Guest

    Joined:
    Jun 18, 2004
    #1
    EuroMillions draw has rolled-over again and is up to £47m estimate for this Friday. I know I'm gonna' get me a ticket, anyone else at MR?

    Anybody care to work out the odds? I make it about 76.2m to 1!
     
  2. MongoTheGeek macrumors 68040

    MongoTheGeek

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    Sep 13, 2003
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    Its not so much where you are as when you are.
    #2
    What's a ticket go for?
    Since its Euro millions I take its a europe wide thing. Do y'all in England get screwed on exchange rates?

    I typically buy a powerball when its up to about that. Powerball is 1:120,000,000
     
  3. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #3
    That'll only last til the end of the month when it go up to something like 1:143,000,000
     
  4. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #4
    £1.50, I assume the total is the total and the winning ticket can take it in either €'s or £'s. Me, I'm going to take it in £'s squirreled away offshore except for £50k in cash for a shopping spree while it sinks in.
     
  5. SpaceMagic macrumors 68000

    SpaceMagic

    Joined:
    Oct 26, 2003
    Location:
    Cardiff, Wales
    #5
    I'm getting meself a ticket... and if I win i'll hold a MacRumors get together in europe and america... so I can put a face to whom I'm talking!

    Free bar?
     
  6. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #6
    £55,000,000.00 (That's ~ $96,000,000.00)

    Well nobody won this week so the Jackpot next Friday's an estimated £55,000,000.00!!!
     
  7. devilot Moderator emeritus

    devilot

    Joined:
    May 1, 2005
    #7
    Promise? Pinky swear?! Will you give us all a shuffle? :D
     
  8. MongoTheGeek macrumors 68040

    MongoTheGeek

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    Its not so much where you are as when you are.
    #8
    just a side now. I fed several years of powerball numbers into a database and found that some numbers are more likely than others. Actually anything above 50 was 70% less likely to occur (53 occurred in the first draw I used)

    There are other numbers that were slightly more likely to occur than average. Also when they showed up they were more like in a certain position.
     
  9. SpaceMagic macrumors 68000

    SpaceMagic

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    Oct 26, 2003
    Location:
    Cardiff, Wales
    #9
    Pinky swear. Let me work this out:

    There are 55,285 members on MR forums. I wouldn't know how many of those are active? 5000? 10000?

    Worst case scenario: 55,285 iPod shuffles = £3,814,665 off the now £55,000,000 jackpot.

    Probable: 5,000 iPod shuffles = £345,000

    I would do the Probable. I wouldn't do the Worst case scenario because the money could be better spent on charities. Can you imagine me on the Apple store :p.... Qty: 55,285 iPod shuffles please :) hehe I'd like to see TNT UK deliver them on time.
     
  10. Abstract macrumors Penryn

    Abstract

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    Location Location Location
    #10
    The actual number of actual posters would probably be closer to 150. ;) I'd just include those people with over 100 posts, and those people with 100 posts need to be active and post in a thread I make within a week, so 100 people sounds accurate to me. Its not very expensive.

    Lets say 100 first class tickets to Toronto or London (say $2000 USD average per ticket) = $200 000 USD.

    Everybody gets an iPod Shuffle = so around $10000

    Not bad. :)

    I can't believe how big that jackpot has become.
     
  11. Les Kern macrumors 68040

    Les Kern

    Joined:
    Apr 26, 2002
    Location:
    Alabama
    #11
    Mail me 38.1 million tickets. That way I have a 50-50 chance.
     
  12. Mudbug Administrator emeritus

    Mudbug

    Joined:
    Jun 28, 2002
    Location:
    North Central Colorado
    #12
    can I play when I come across the pond later this week, or do you have to be a European resident?
     
  13. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #13
    Anyone can play if you turn up and buy a ticket. I don't think they allow sales from outside Europe but I'm not sure. If you like send me your numbers and £1.50 and I'll get you a ticket and mail you your winnings if your win. ;)

    By the way in Europe your lorrery winnings are Tax-free, just thought I'd mention it as I think in the US the IRS help themselves to 50% :)
     
  14. cleanup macrumors 68030

    cleanup

    Joined:
    Jun 26, 2005
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    Toronto
    #14
    Lotteries in Canada are about the only things that are tax-free... but our jackpots aren't nearly as large as 50 million euros. Most regional lotteries are a few tens of millions, once somebody wins they drop down to like five... but it's still a boatload of money.

    Anyways, I hope someone from MacRumors wins! :)
     
  15. SpaceMagic macrumors 68000

    SpaceMagic

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    #15
    Wait a minute, lets get this clear. It's not 50 million euros, its £55 million pounds.

    £55 mil = €80.7 mil = $99.48 mil

    Yes, it's 100% Tax free. Plus the UK lottery gives a huge percentage of what's left after the jackpot to help initiatives, charities etc. I believe the figure is £18 billion = $31.23 to charities and local initiatives since its start in 1994.

    So... If i win this 55mil i need to up the anti. Yes, devilot76... I got that ;) I'll give the first 10 people to post in a particular thread a choice of any mac up to $3000. And the other 190 people (i'll up it from 100 :D ) an iPod shuffle.

    Bottom line: cross fingers for me.
     
  16. Applespider macrumors G4

    Applespider

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    looking through rose-tinted spectacles...
    #16
    Initially - but you can look forward to paying lots of tax as soon as you deposit it in the bank and start earning interest... tho of course, you'll be able to afford a good tax accountant to limit it!
     
  17. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #17
    The plan is I win (tax free) and put it all except my spending money (revised to £100,000) into an offshore account and keeping it all legal still pay under 10% tax each year only on the interest it earned. I reckon that'll be around £½m which'll be less than I pay the staff! (gardner, cook, massuesuse etc.)
     
  18. garybUK Guest

    garybUK

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    #18
    /me prices up the Aston Vanquish V12 or DB9 now .. hell both!!! :p
     
  19. SpaceMagic macrumors 68000

    SpaceMagic

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    Cardiff, Wales
    #19
    I'm still in fulltime education :p do I have to pay tax?!

    High interest bank account of 5% would give £2.75 million a YEAR in interest :eek:

    If i did have to pay tax, it would be at 40% supertax rate on the interest = £1.65 million a year clean... come on! You can live off 15k a year... let alone 1.65 million! I better win friday :p

    Oh, to work out the odds btw:

    (I actually learnt something in maths A level! That doesn't mean I'm right though)

    EuroMillions Jackpot consists of you chosing 5 numbers between 1-50 and then another 2 bonus numbers between 1-10.

    Therefore, the chance of getting all 5 numbers is:
    50C5 = 1 in 2,118,760 (actually, considerably lower than the normal lottery of 49C6 = 1 in 13,983,816)

    However, on must ALSO get the two bonus numbers for the Jackpot. That is:
    10C2 = 1 in 45.

    Now... to get all 5 right AND the two bonus balls we need to do some multiplication...

    There is a 1 in 95,344,200 chance of winning this lottery. Liklihood of this happening? Worse than the liklihood of getting struck by lightening (1 in 700,000), Chance of Asteroid hitting us in 2030 (1 in 500), Chance of me getting laid tonight (1 in 61,000000 - the amount of people, female or male in the UK who could possibly ;) me but probably wont.).

    So there we have it guys. I have more chance of getting struck by lightening today AND then getting hit by an asteroid than I do have winning the lottery. The same goes for me getting laid. It just aint gunna happen.

    So if I do win, I will be generous. But it's unlikely I will win.
     
  20. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #20
    Would you stay in education?


    You should be able to get a better rate if you walk into your bank managers office without an appointment and ask for an hour or two of his time, a cup of tea and a sandwich. Better still rent a villa in Monte Carlo, call him and ask him to come to you. It's amazing how much better the service is when you've got £55m to invest.

    40% :eek: I'd think about moving if I were you. Highest tax rate here's 20% and I think that's high.
     
  21. SpaceMagic macrumors 68000

    SpaceMagic

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    #21

    No, course I wouldn't stay in education. I'm thinking about not going to uni in september now :eek: let alone with £55!

    Jersey tax is lower than here, thats why brits move there if they can :p. I have a socialist family who argue the hell outa me when I say 40% is too high. It's sickening.
     
  22. mpw thread starter Guest

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    Jun 18, 2004
    #22
    I know you're in education now but when you get a job just remember that Thursday and Friday when you go to work you're working just to pay your tax, you only get to keep you wages from Monday-Wednesday :eek:.

    At least I can go until early Friday before I'm working for someone else, and I try to finish early on Friday anyway. :)
     
  23. MongoTheGeek macrumors 68040

    MongoTheGeek

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    #23
    Well think about this. If you win you could get laid pretty much any time you want.

    I would probably actually go back to school. Start collecting PhD's. :)
     
  24. SpaceMagic macrumors 68000

    SpaceMagic

    Joined:
    Oct 26, 2003
    Location:
    Cardiff, Wales
    #24

    Ahh such is life that when one can have that many women because of the size of their wallet... they then go in search of love. Sex isn't enough. Ok.. this is slightly off topic :p

    Go back to school :eek: madness. I wouldn't tell anyone I've won actually (bit hard when buying most of MacRumors iPod shuffles) however I wouldn't tell people around me, you just get taken for a mug.
     
  25. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #25
    £66,000,000.00 or $116,000,000.00 or €96,000,000.00

    Well my numbers didn't come up this week but nor did anyone else so the jackpots up to £66,000,000.00
     

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