Shopping Discussion

Buying lottery the smart way

  • Last Updated:
  • Jul 7th, 2022 6:15 pm
Deal Expert
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Dec 11, 2005
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newsun wrote:
It is not about winning a prize or losing money, it is about helping the community and people, the money that is "lost" goes to support health initiatives such as hospitals, facility upgrades and community health programs, and to support non-profit organizations in their delivery of community programs and services.
This is foolishness.

If you want to help people, then donate to your charity of choice. They will get 100% of the donation, and you will get a tax break.

The lottery is nothing but a regressive tax on the poor and uneducated. It really should be abolished, or at least not be run by the government.
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
Deal Expert
Mar 23, 2004
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Jucius Maximus wrote: The whole reason they post articles like this is so people will emotionally justify their $3.00 lotto purchase because they think there's a tiny chance they'll win millions.
There is a tiny chance they'll win millions.

Regardless of lottery being a "voluntary tax" and regardless of the government being the "true winner" that's not the end of it, the fact is there are lottery winners. No matter how minuscule your chances are, there's a chance. However if you don't play, you have no chance.

For the individual playing a few bucks a week for lottery not a big loss but it does provide money the government would otherwise forcefully tax from you had they not gotten the money "voluntarily" lol. So what's the better idea, people plays the lottery and there are individual winners; or nobody plays the lottery and then the government abandons lotteries and just taxes us even more than ever before...and nobody wins anything at all? LOL. At least with the former, with millions playing the lottery, one of them has a chance of winning millions. The alternative is nobody wins except the gov't. Then there's all the smaller prizes which are mostly nothing major but some are in the thousands which isn't bad for someone to win.

I'd rather the government make hundreds of millions while once in a while some individual wins 10-30 million, instead of the government just taxing everything more and no individuals ever winning anything.

The problem for people comes when they start spending like hundreds per week in lottery tickets. Because the fact is their odds are so incredibly small that they might win the jackpot, multiplying that by 10 or 100 makes virtually no difference--it doesn't really give them any better chance of winning in the overall scheme, at least not a jackpot of the major/national lotteries like Max and 6/49.

So yeah buy a ticket or don't but don't buy tons per week; also don't complain you didn't win the lottery when you never played, either. There's a much bigger picture than some of you are painting saying basically "never buy lottery evar, worstest idea evar, slash thread". It's not that simple.

Mind you I'm not a big lottery player myself, I buy very rarely and usually only when there's a big jackpot. I don't endorse lottery playing but I'm not going to say it's not something anyone should play becuase the big winner is the government. The big winner is the government everyday if you look at any taxes whatsoever, but you can't get out of paying those, yet most Canadians are content to keep paying those even when sometimes they're ridiculous taxes on taxes, or taxes on used vehicles and all of this other nonsense. Instead of worrying about ridiculing people playing the lottery, what should be happening is people knocking down gov't doors about these bogus taxes in this shitty country.
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Feb 7, 2017
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ES_Revenge wrote: There is a tiny chance they'll win millions.

Regardless of lottery being a "voluntary tax" and regardless of the government being the "true winner" that's not the end of it, the fact is there are lottery winners. No matter how minuscule your chances are, there's a chance. However if you don't play, you have no chance.

For the individual playing a few bucks a week for lottery not a big loss but it does provide money the government would otherwise forcefully tax from you had they not gotten the money "voluntarily" lol. So what's the better idea, people plays the lottery and there are individual winners; or nobody plays the lottery and then the government abandons lotteries and just taxes us even more than ever before...and nobody wins anything at all? LOL. At least with the former, with millions playing the lottery, one of them has a chance of winning millions. The alternative is nobody wins except the gov't. Then there's all the smaller prizes which are mostly nothing major but some are in the thousands which isn't bad for someone to win.

I'd rather the government make hundreds of millions while once in a while some individual wins 10-30 million, instead of the government just taxing everything more and no individuals ever winning anything.

The problem for people comes when they start spending like hundreds per week in lottery tickets. Because the fact is their odds are so incredibly small that they might win the jackpot, multiplying that by 10 or 100 makes virtually no difference--it doesn't really give them any better chance of winning in the overall scheme, at least not a jackpot of the major/national lotteries like Max and 6/49.

So yeah buy a ticket or don't but don't buy tons per week; also don't complain you didn't win the lottery when you never played, either. There's a much bigger picture than some of you are painting saying basically "never buy lottery evar, worstest idea evar, slash thread". It's not that simple.

Mind you I'm not a big lottery player myself, I buy very rarely and usually only when there's a big jackpot. I don't endorse lottery playing but I'm not going to say it's not something anyone should play becuase the big winner is the government. The big winner is the government everyday if you look at any taxes whatsoever, but you can't get out of paying those, yet most Canadians are content to keep paying those even when sometimes they're ridiculous taxes on taxes, or taxes on used vehicles and all of this other nonsense. Instead of worrying about ridiculing people playing the lottery, what should be happening is people knocking down gov't doors about these bogus taxes in this shitty country.
Good post … until you got to the last paragraph

Tell me what other shitty country has National Health Care, decent schools, a million kms of roads sea to sea & coast to coast. A good social support system (like Paid Mat Leave) … Is relatively clean, safe, and welcoming to people from around the globe.

Your tax dollars do this … and a good bunch of that tax money comes from our vices (sins) … of alcohol, tobacco, cannabis, and gambling … including lotteries

And … oh ya … Lottery Winnings ARE NOT TAXABLE

So if you ever hit the Jack pot … ITS ALL YOURS TO ENJOY !!!
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Feb 20, 2015
3528 posts
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Southern Ontario
PointsHubby wrote: Good post … until you got to the last paragraph

Tell me what other shitty country has National Health Care, decent schools, a million kms of roads sea to sea & coast to coast. A good social support system (like Paid Mat Leave) … Is relatively clean, safe, and welcoming to people from around the globe.

Your tax dollars do this … and a good bunch of that tax money comes from our vices (sins) … of alcohol, tobacco, cannabis, and gambling … including lotteries

And … oh ya … Lottery Winnings ARE NOT TAXABLE

So if you ever hit the Jack pot … ITS ALL YOURS TO ENJOY !!!
And Provincial/Federal governments are still in massive debt after paying all those taxes. Local lady waited 18 hours in the ER last week... Ontario gov't LOST MONEY on cannabis in 2019, how on earth is that possible when teenagers for decades sold it to their friends and made money?

If you are an adult, you can gamble if you want. No biggie, just make sure you know the odds. Playing the lottery the "smart way" is to not to play at all or a few bucks a week. Gambling is very addictive, I had a family member tell me about all his "jackpots" he won at the local casino... until he passed away and we saw half of his life savings went into the Slot machines. He played the lottery every week before that and was unlucky enough to win a 2nd prize. Then when the local casinos opened he got hooked, hard.
[OP]
Member
Feb 22, 2013
239 posts
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Jucius Maximus wrote: The transparenty item is a good point, though they also admit in your quoted text that it's for marketing.
And marketing is the reason why they odds are never printed as big as the prize pot.

I used the nerdwallet calculator to do the math.
If you invest $100/month from age 18 to 65, at the historical average stock market return of 10%, you'll have $1.29 Million every single time. IDK why a logical person would spend money on the lottery when they could be a millionaire through some autopilot investments.
Good point about putting money aside for whatever purpose, retirement, etc. It is irrelevant to lottery buyers as the majority of the population do not buy lottery regularly. There are though but they are in the minority. The only time where you see the people crowding to buy is when the jackpot is over $10million.
[OP]
Member
Feb 22, 2013
239 posts
40 upvotes
brunes wrote: This is foolishness.

If you want to help people, then donate to your charity of choice. They will get 100% of the donation, and you will get a tax break.

The lottery is nothing but a regressive tax on the poor and uneducated. It really should be abolished, or at least not be run by the government.
Regressive tax on the poor and uneducated? Hardly a tax since there is a chance of gain from buying a ticket. An unnecessary expense is more appropriate, but not a tax.
Deal Expert
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Dec 11, 2005
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newsun wrote:
Regressive tax on the poor and uneducated? Hardly a tax since there is a chance of gain from buying a ticket. An unnecessary expense is more appropriate, but not a tax.
It is indeed a form of tax because the revenues go to the government, often in general revenues. It's also a highly inefficient tax due to the overheads. And the people paying this tax are predominantly low income, who don't pay other forms of tax. It's all a scam to tax the poor.

https://metrocosm.com/could-the-lottery ... rgest-tax/

https://www.visualcapitalist.com/lotter ... s-poorest/
Last edited by brunes on Jul 7th, 2022 5:05 pm, edited 4 times in total.
To be nobody but yourself - in a world which is doing its best, night and day, to make you everybody else - means to fight the hardest battle which any human being can fight; and never stop fighting. -- E. E. Cummings
[OP]
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Feb 22, 2013
239 posts
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BernardRyder wrote: ...........some others here to believe the fallacy that there is a guaranteed payout when they participate in order to keep the machine oiled............
Actually there is a guaranteed payout, the max millions in Lotto Max, $1million prize in 6/49 are guaranteed payouts.

The $1million guatanteed prize in 6/49 is created because of lack of sales in 6/49. People knows it is almost impossible to win. So the $1million guatanteed prize is created to entice more buyers.
[OP]
Member
Feb 22, 2013
239 posts
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brunes wrote: It is indeed a form of tax because the revenues go to the government, often in general revenues. It's also a highly inefficient tax due to the overheads. And the people paying this tax are predominantly low income.

https://metrocosm.com/could-the-lottery ... rgest-tax/

https://www.visualcapitalist.com/lotter ... s-poorest/
Good article. The 80/20 rule is interesting. The poorest people are buying because they have no other avenues of making it big or having dreams come true. Lottery is their path to change their situation. A well paid professional or executive do not need lottery neither does a wealthy person.
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Jun 16, 2009
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newsun wrote: Actually there is a guaranteed payout, the max millions in Lotto Max, $1million prize in 6/49 are guaranteed payouts.

The $1million guatanteed prize in 6/49 is created because of lack of sales in 6/49. People knows it is almost impossible to win. So the $1million guatanteed prize is created to entice more buyers.
Clearly you must be intelligent enough to know I mean guaranteed payout to any person playing. Which means there would be a guaranteed payout to every player. If that happened, either the government would go bankrupt or a million dollars has become a low value amount.
It may be a million guaranteed - but not to every person playing. There is the fallacy, that there is a system or you are guaranteed to win just because you play. That's not how probability works IRL.
The way you push the lottery, I'm starting to wonder if you don't work for OLG, or for a gambling addiction group (and business is slow recently) Face With Tears Of Joy
c'mon get happy!
[OP]
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Feb 22, 2013
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BernardRyder wrote: Clearly you must be intelligent enough to know I mean guaranteed payout to any person playing. Which means there would be a guaranteed payout to every player. If that happened, either the government would go bankrupt or a million dollars has become a low value amount.
It may be a million guaranteed - but not to every person playing. There is the fallacy, that there is a system or you are guaranteed to win just because you play. That's not how probability works IRL.
The way you push the lottery, I'm starting to wonder if you don't work for OLG, or for a gambling addiction group (and business is slow recently) Face With Tears Of Joy
If there is a guaranteed payout to any person playing, then it is no longer called a "lottery" but a "handout". Lottery is a game of chance, and perhaps luck. It does not guarantee a winner, except in the guaranteed payout of max millions and 6/49 $1million guaranteed payout.

The lottery corporations did not mislead by suggesting a player is guaranteed to win, but they do guarantee a payout for Lotto Max max millions and 6/49 $1million prize. And that guaranteed payout is not for any player but a lucky player.
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newsun wrote: If there is a guaranteed payout to any person playing, then it is no longer called a "lottery" but a "handout". Lottery is a game of chance, and perhaps luck. It does not guarantee a winner, except in the guaranteed payout of max millions and 6/49 $1million guaranteed payout.

The lottery corporations did not mislead by suggesting a player is guaranteed to win, but they do guarantee a payout for Lotto Max max millions and 6/49 $1million prize. And that guaranteed payout is not for any player but a lucky player.
LOL I hope you're getting a decent stipend for mentioning this every time you post.

So how much was that prize again?
c'mon get happy!

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