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What Will You Do When You Win The Lottery?

snowdog
Level 16
Okay, let's assume that you've won £100m on the Euromillions or US Lottery. What will you do with the cash?

I'd do the following:

1) Find a horse the next day that's 100/1 and stick my £100m on the nose to win

2) With my £10bn I'll do the following:

  • Buy a load of property (a house in the country, a house by the seaside, a house in London and a house in Ireland)
  • Buy 100 Bitcoins
  • Buy a horsie and name him Giggsy
  • Buy a few racehorses
  • Invest around £1bn in VR developers (or maybe £1m if I don't decide to make that bet above), and pay someone to finish my game for me 😄
  • Forget about my friends and family cos they're all bloody gold-diggers, same with all of you lot too 😄
  • Give a fair bit to cancer research and diabetes research, £1bn each (or £1m if I don't make that bet)

Now some of you may think I've lost my marbles with number 1) above but think about it. You've won the lottery at odds of around 15,000,000/1. Your luck is running, so odds of 100/1 is NOTHING.

I should have a good amount left over (depending on how good or bad my racehorses are) and I'll just live on the interest and treat myself to something nice every now and then.
"This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."

Thomas Covenant, Unbeliever
45 REPLIES 45

snowdog
Level 16


How about go on your separate island in the Pacific Ocean?



I'm gonna buy Richard Branson's one, he was begging for money the other week so I'll get a good deal on it. ???
"This you have to understand. There's only one way to hurt a man who's lost everything. Give him back something broken."

Thomas Covenant, Unbeliever

TomCgcmfc
Level 16
I cannot remember (probably a senior moment, lol!) where I saw this but I thought it was pretty funny.

A wife asks her husband what he would do if he won the Lottery.  He tells her that he would give her half of it as long as she walked away with it as a divorce settlement.  She says, No Problem!

He then says, Ok, I just won $12 so here's $6 bucks and have a nice life, lol!
9 9900k, rtx3090, 32 Gb ram, 1tb ssd, 4tb hdd. xi hero wifi mb, 750w psu, Q2 w/Air Link, Vive Pro

Digikid1
Level 12
LMAO!!!!!!!!!!!!!!

sara200
Level 3
i really enjoy this forum.  there are a lot of different topics being discussed, love it! happy to be a new user and member 🙂

lensmandave
Level 9

sara200 said:

i really enjoy this forum.  there are a lot of different topics being discussed, love it! happy to be a new user and member 🙂


Welcome to the forum   ::smile:
We are mostly harmless  😄
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kobs57
Level 7
I'd be happy to include you in my plan Sara (page 1)
VR dedicated computer...AMD Ryzen 7 3700X, 
32 gigs of G.Skill Trident Z neo 2X16 Gb DDR4 3200Mhz
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EVGA super nova 1000 Watt PSU
Oculus is on a  CORSAIR Force MP600 Gen4 PCIe x4 NVMe M.2 SSD

ohgrant
Level 8
  I'd like to think I'd make good use of it but what I lack in youth, I more than make up for with immaturity. So I'm going with toys and sin. Or as a wise man once said hookers and blow
Gigabyte  AB350 Ryzen 2700x, 16gb ddr 4 3200, 1080ti. Z800 HMD, DK1, DK2, CV1, Vive wireless, Quest, HP Reverb. Viewsonic 1080p 3D projector ASUS 3D vision monitor.  UAD Apollo interface, Yamaha studio monitors.  

Digikid1
Level 12

ohgrant said:

  I'd like to think I'd make good use of it but what I lack in youth, I more than make up for with immaturity. So I'm going with toys and sin. Or as a wise man once said hookers and blow



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Pixie40
Level 9

snowdog said:


Now some of you may think I've lost my marbles with number 1) above but think about it. You've won the lottery at odds of around 15,000,000/1. Your luck is running, so odds of 100/1 is NOTHING.



Logic fail here. Your luck isn't "running hot", "running cold", or "running around with no shirt on". Just because you got stupidly lucky to win the big lotto prize, does not mean you're going to win anything else if you place a bet with long odds.

That said, what would I do with the money if I did win? First of all, I'd wonder how I won the lotto since I don't buy lotto tickets. I don't buy scratch tickets either. I use to occasionally get the odd $0.25 lotto Pull Tab, but even that was never more then $0.75 to $1 spent in a given month, with a top prize possible being maybe $250 if you got stupidly insanely lucky and the pull tab had the top prize of $25 being won 10 times. Yeah, good luck with THAT happening.

But let's assume I actually did buy a ticket and somehow won 100 million dollars. What would I do? I would pay off all my debt, set aside 11,000 for expenses (bills and the like), stick the rest in the bank, and let it sit one year. After that I would consider getting a modest house of my own. Otherwise, I'd just live off the interest.
Lo, a quest! I seek the threads of my future in the seeds of the past.

Pixie40
Level 9
To elaborate on the above point I tried to make, snowdog's plan of "I won 100 million in the lotto, this means I will win another bet with long odds just because the odds are better then winning the lotto" is a flawed due to it relying on a flawed piece of logic.

Winning the lotto is a stand alone event of insanely long odds. But if you do win big, this isn't a sign that you can't lose if you place a less risky bet. So taking all your winnings and placing a bet using them on a 100 to 1 odds horse to win the next race isn't statistically speaking going to be a winning choice. What you are doing is handing the race track 100 million dollars at little risk to the race track. You chose a horse and jocky that, due to any number of reasons is unlikely to actually win. You don't have any outside information. You haven't studied the track record of the horse and jocky you are betting on. You haven't examined the horse yourself with an expert eye. No, you just picked a horse at random on the basis of "this horse has long odds to win" and assumed insanely lucky event 1 occurring means insanely lucky event 2 will occur as a matter of course.

It's the flawed logic that casinos and race tracks count on people falling into. "Someone just won a jackpot on that slot machine, so if I start playing that same machine I'll win big too" is horribly wrong, yet the same type of logic @snowdog used. Or "I just won $20 (after putting 50 into the slot machine), if I keep playing I'm sure to win even more!" Do you see the flaw in this?
Lo, a quest! I seek the threads of my future in the seeds of the past.