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Mega Millions $640 million jackpot pool


By iwog   Follow   Wed, 28 Mar 2012, 3:24pm   6,878 views   81 comments
In Lafayette CA 94549   Watch (0)   Share   Quote   Permalink   Like   Dislike  

Following is the official participation list. If your name is not on this list, you do not have any shares of the lottery pool! Please email me with any corrections. All new additions are closed as of 7pm. All mail entries have been received and are posted, so if your letter didn't get to me on time please make other arrangements if you still want to participate. I am not responsible for lost or late entries.

Participant list
Iwog: $100
Badger: 10
Ariana: 5
Gloria: 5
Patrick.net: 5
Sigmond: 10
Vicente: 24
SFace: 20
Jelly: 8
Jquint83: 13
chubbuni13: 10
Scout3y: 3
Cruzcat: 20
beckham79: 13
PKD: 50
Seymour: 31
IHopeIWinTheLottery: 30
megamillions: 39
montanatomatoes: 11
KK: 10
Drew: 20
VC: 3
Grinderman: 30
permanent_marker: 10
bibetet: 20

Now is our chance to get rich! For this Friday's drawing. This might be the biggest jackpot in history and estimated to be over $540 million. Any winnings totaling over $100 will be allocated per share based on the amount of money you "invest" in the pool. Any tax consequences are the responsibility of each individual winner. Tax consequences vary by state. http://www.megamillions.com/

Rules

* $1 = 1 share.
* Any winnings will be collected as lump sum cash option and not an annuity.
* You can put in as much or as little as you want in whole dollar amounts. (within reason)
* Checks are okay but if they bounce your shares will be invalidated and I'll hunt you down.
* Winnings less than $100 will be donated to Patrick.net instead of split into little pieces.
* Money received late by mail will be put in the 4/3/12 drawing.
* ALL numbers will be quick pick and ALL numbers will be posted on this page by 7:30pm Friday evening before the drawing begins.

* You're welcome to participate even if you think I suck.

Address:

Pauliwog
2801 Concord Blvd.
Concord, CA 94519

(make sure you include both your real name and your patrick.net screen name. Real names will not be published)

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  1. iwog


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    2   4:58pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Hush. I know the lottery is a tax on people bad at math but.........

    The odds are 175 million to 1 against.
    The cash value is 359 million.
    There is probably a roughly 25% chance you'd have to split it in such a large drawing.
    The cash value of lesser prizes is significant and would help your odds even further.
    This lottery is state tax exempt and I believe federal taxes would be capped at 25%

    Believe it or not, this drawing is probably an even game or better. If no one wants to join me, I'll be writing my next rants from my yacht.

    ;-)

  2. Patrick


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    3   5:04pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    How could it possibly pay out more ($359M) than the money put in ($175M)?

    Is it because previous lotteries with no winners were dumped into this one?

  3. iwog


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    4   5:09pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Patrick says

    How could it possibly pay out more ($359M) than the money put in ($175M)?

    Is it because previous lotteries with no winners were dumped into this one?

    Exactly!

  4. Patrick


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    5   5:14pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    So what we really need is a very short-term loan of $175M. We'd be almost guaranteed to win, and could easily pay it back with interest.

  5. iwog


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    6   5:17pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Patrick says

    So what we really need is a very short-term loan of $175M. We'd be almost guaranteed to win, and could easily pay it back with interest.

    LOL....actually you would be guaranteed to win because you could buy every single number combination. This has been done before although on a smaller scale.

    The problems are:

    1. Filling out 175 million tickets in 2 days

    and.....

    2. The risk of multiple winners diluting the jackpot below profitability. You can still lose money even when the odds are in your favor.

    http://www.nytimes.com/1992/02/25/us/group-invests-5-million-to-hedge-bets-in-lottery.html?pagewanted=all&src=pm

  6. Vicente


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    7   7:56pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    My usual skepticism & lottery resistance be damned, I'm in a gambling mood. Check your Paypal account.

  7. drew_eckhardt


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    8   7:59pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Vicente says

    Why would I pay a "Stupidity Tax"?

    Entertainment value. As little as one dollar gets you the excitement of maybe winning. That's a screaming deal compared to $10 for a movie ticket to a Hollywood movie that might bore you enough to leave before its over.

  8. jvolstad


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    9   9:13pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I don't normally play the lottery, but what the heck. I am however, going to buy my own tickets.

    http://www.megamillions.com/whereto/states_ca.asp

    I didn't know this but here in California, lottery winnings are not subject to state taxes. Cool.

    If I win the big price, I'm going to retire and move back to Texas and buy a new house.

    Here it is: http://www.zillow.com/homedetails/11431-Cat-Spgs-Boerne-TX-78006/69642624_zpid/

    I will also make a nice donation to patrick.net. ;-)

  9. jvolstad


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    10   9:23pm Wed 28 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    And the 2001 Honda Civic HX I currently drive, here will be my new ride:

    http://www.bentleymotors.com/models/mulsanne/

  10. grinderman


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    11   12:35am Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I just sent $ 30 to a stranger on the internet for a get rich quick scheme . How smart am I ?

  11. iwog


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    12   7:07am Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    grinderman says

    I just sent $ 30 to a stranger on the internet for a get rich quick scheme . How smart am I ?

    You're a genius. =)

    I'll post a list of who's playing and how many tickets we're at.

  12. iwog


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    13   1:28pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Updated

  13. jvolstad


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    14   2:31pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I better win iwog or I'm going to blame you!

  14. iwog


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    15   2:36pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    jvolstad says

    I better win iwog or I'm going to blame you!

    Dude, you can't blame me unless you send me some bucks to add to the pool!

  15. jvolstad


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    16   2:42pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    iwog says

    Dude, you can't blame me unless you send me some bucks to add to the pool!

    But if the pool wins, some of the winnings might go to a Realtard. Don't want that!

    Fingers Crossed. :-)

    Speaking of "fingers crossed", I had a manager a number of years ago who would always say that phrase when we moved some updated software to the production system. I guess it's worked because we never had to roll back the updates. Good COBOL code!

  16. iwog


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    17   2:45pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I'm pretty sure there aren't any realtors in my pool.

    Besides, if you participate you'll be taking money AWAY from a Realtard since you'll be dividing the winnings by more shares.

  17. jquint83


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    18   3:19pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I'm in for $5

  18. chubbuni13


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    19   4:22pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I just sent for $10... Haha, let's win this!

  19. Cruzcat


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    20   4:53pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I am in as well. I just paypal'ed $20.

    I can see it now. This could be a template for a new "Nigerian Prince Scam".

  20. xenogear3


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    21   5:20pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Can I send $100 to bet that you will NOT win the jackpot?

  21. PKD


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    22   6:12pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Just paypal-ed $50.00.
    Please send me my multi-million dollar shares in Cashier Check. I don't accept personal check. Ha ha!

  22. iwog


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    23   6:22pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Updated total:

    270 Shares

    Estimated lump sum payout: $389 million/270 shares = $1.44 million per share

    I'll pick up the first batch of tickets tonight.

  23. jquint83


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    24   7:04pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    We have a 1 in 651,851 chance to win right now. We're going to be RICH!!!

  24. iwog


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    25   7:58pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    The first 270 lottery numbers are posted.

    Lottery Pool #1

    Excuse the quick and dirty cut and paste. I just wanted to make sure all the little bar codes and numbers on the bottom were cropped so none of you mugs get any funny ideas......

  25. xenogear3


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    26   8:03pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Wrong.

    You have 270 chances to win.
    But you have 175,711,000 chances to lose.

  26. iwog


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    27   8:05pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    xenogear3 says

    Wrong.

    You have 270 chances to win.

    But you have 175,711,000 chances to lose.

    Not exactly. Don't forget our chances to tie and our chances to be hundredaires.

  27. jquint83


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    28   10:12pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I can't wait to win 10 million dollars on Friday and then come back here on Monday and complain about real estate prices !!

  28. Seymour


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    29   10:18pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    If we win, I'm buying a potato farm with a moat. Do you take gold bars? I hear they are better than dollars.

    In for 32, thanks for the fun!

  29. iwog


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    30   10:28pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Seymour says

    In for 32, thanks for the fun!

    Paypal took one buck so I put you in for $31.

    That brings us to 301 tickets.

  30. PKD


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    31   10:50pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    iwog says

    The first 270 lottery numbers are posted.

    Lottery Pool #1

    Excuse the quick and dirty cut and paste. I just wanted to make sure all the little bar codes and numbers on the bottom were cropped so none of you mugs get any funny ideas......

    My ultra reliable crystal ball is saying that 10th row of very first ticket is going to win $250,000. Opps, I cannot see "J" row of the top-left ticket. :(

  31. PKD


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    32   10:56pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    jquint83 says

    I can't wait to win 10 million dollars on Friday and then come back here on Monday and complain about real estate prices !!

    Well, if Michigan lotto winner can collect food-stamps after winning million, you are definitely allowed to whine about real estate after winning multi-millions.

  32. iwog


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    33   11:05pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    PKD says

    Opps, I cannot see "J" row of the top-left ticket. :(

    Whoops, I'll fix it tomorrow.

  33. FortWayne


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    34   8:23am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Don't have a paypal account, unless you can send me an invoice.

  34. montanatomatoes


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    35   9:32am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I'm in. Thanks for pooling us.

  35. kunal


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    36   10:33am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Am in for $10.00 by PayPal, sent a couple of seconds ago.

  36. thunderlips11


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    37   10:43am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    I'm in for a few bucks, Thanks Iwog for the pool.

  37. kunal


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    38   11:27am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    You might want to update the post, its now $640 Million !

  38. iwog


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    39   1:26pm Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    Total pool is now 444 shares. Estimated lump sum payout is $462 million.

    $462 million / 444 numbers = $1.04 million per share.

    Rule change: Cash option is now mandatory.

  39. kunal


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    40   1:33pm Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    It might be a good idea to re-take the pictures of the tickets, but this time the March 30th Friday Date also shows up for each ticket.

    I understand that might mean that we need multiple pictures since all may not fit on the same page...

  40. iwog


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    41   1:35pm Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike  

    kunal says

    It might be a good idea to re-take the pictures of the tickets, but this time the March 30th Friday Date also shows up for each ticket.

    I understand that might mean that we need multiple pictures since all may not fit on the same page...

    Nope, too much work. Y'all are gonna have to trust me.

    {evil laugh}

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