Multibagger speculative ideas

[Guest cherzeca]

Your odds are 1 to 84 quadrilion. Good luck.

 

so you're saying, there's a chance...

[Jurgis]

Your odds are 1 to 84 quadrilion. Good luck.

 

No.

Jackpot odds are 1:302,575,350 https://en.wikipedia.org/wiki/Mega_Millions

 

With current jackpot and even considering that jackpot is nominal value of annual installments, so real jackpot is ~1/2, the expected value of $2 ticket is positive assuming a single winner. (Calcs: 1.6B jackpot ~= 800m cash jackpot, $2x302M to buy all tickets = $604M, btw this can be done for cheaper since there's also "Just the Jackpot" option for $1.5.)

 

However, unless you buy significant percentage of tickets, which is close to impossible, you're likely not gonna realize that positive expected value. And the chance of more than one winner is non-negligible assuming investor group(s) start buying significant number of tickets, so your expected value becomes negative (jackpot split in 2 would result in cost of 1.5$x302 = 450M$ vs payout of 400M$)

[DooDiligence]

I'm buying 2 tickets on the way to a beachside study session.

(hedging my bet by keeping up with class work.)

[John Hjorth]

Sometimes, you're just such a jerk, because of where you live. [11^o C here.]

 

Please kiss your mom! - Twice! - From me and you!

[DooDiligence]

Sometimes, you're just such a jerk, because of where you live. [11^o C here.]

 

Please kiss your mom! - Twice! - From me and you!

 

Ice & snow are really pretty too.

 

Smooch!