Topic: Lotteries and possibility vs. probability - page 38. (Read 6269 times)

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

Lotteries are illegal in my country, but the practice of retail lotteries still occurs covertly in areas other than mine without worrying about winning taxes. Well, this is the only advantage if you buy lottery tickets in a country where lottery is prohibited.

And the unique thing is, lottery players in remote areas don't understand anything about probability, this game is still favored by only the elderly. Due to legality restrictions it makes buying tickets less frequent and small amounts to not attract attention. They only buy when they believe they have got a "clue" of the mystical will be lucky that day.

I've heard of buying lotteries based on mystical "clues," and someone managed to win so much money through these mystical "clues" that people followed them.

But sadly, they no longer get that mystical "hint" because it only comes once. Buying retail lotteries is a solution for people who don't want to pay taxes because it's just about them and the dealer so the tax paid is just the tax to the dealer.

And those who buy those retail lotteries don't think about probabilities or anything else, and just buy lottery tickets and then process them with their skills and then buy them. I also don't know how they have so many numbers because they never tell anyone how to do it.

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My Grandpa used to make me do the lottery betting when I was a kid. And yes, they let me do it because they were informed by my Grandpa that I will be the one who will be going there every day to pass the paper with his betting number on it. And he knows the person who encodes the numbers.
I never once saw my Grandpa hit 5 numbers out of 6, what more hitting the jackpot? That's like 20 years of his life doing it every day, 40 pesos per day, almost equivalent to a dollar per day. I don't even know if he is also betting before I was born, maybe he did so it's like 30-40 years of lottery betting without even hitting 5 numbers.

Lottery here in our country runs a charity where people could ask for financial assistance when they are sick or badly need it for health emergencies. I have not tried it yet but I have seen people who go there, queue, and try their luck to be assisted.
IMO, it's a scam in disguise run by the government. I don't even know anyone who won the jackpot yet to fill in the facts that the lottery is really giving away the amount posted. I mean, a real person who could tell the story about it.

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Quote from: danadc on July 05, 2023, 04:31:39 PM

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

Lotteries are illegal in my country, but the practice of retail lotteries still occurs covertly in areas other than mine without worrying about winning taxes. Well, this is the only advantage if you buy lottery tickets in a country where lottery is prohibited.

And the unique thing is, lottery players in remote areas don't understand anything about probability, this game is still favored by only the elderly. Due to legality restrictions it makes buying tickets less frequent and small amounts to not attract attention. They only buy when they believe they have got a "clue" of the mystical will be lucky that day.

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Quote from: Sanitough on July 05, 2023, 09:17:34 AM

Quote from: TheGreatPython on July 05, 2023, 09:04:11 AM

Quote from: khaled0111 on July 02, 2023, 05:58:03 PM

Quote from: BitcoinPanther on July 02, 2023, 04:04:47 PM

..
It does increase the chance of winnings but the problem is, does the amount of ticket in hand does have a huge impact on that chance? So we better calculate if it is worth spending extra before buying the amount of ticket in the lottery.

Couldn't agree more!
If we take the national lottery as example then we are talking about millions of tickets being sold. If you buy one ticket, you have a small chance to win. If you buy ten tickets then you have increased your chances of winning ten times but those chances are still small given the huge number of sold tickets. Personally, I prefer buying a single ticket and hope for the best.

I've literally seen people spending thousands of dollars on lotteries to win the main prize but they ended up winning very small prizes and sometimes even not winning a prize at all, so it's simply wasting your money when your winning and losing is totally dependent on your luck and nothing else, even if you get higher chances of winning if you have more tickets, that doesn't really guarantee that you will actually win a prize at least enough to cover the cost of the tickets.

That's why, I always say that one shouldn't go above and beyond their limits when buying lottery tickets and only a small amount of tickets should be enough for one to check their luck, if they are lucky, their ticket will get a prize even if it's only one out of millions, and if they aren't, they won't win even with millions of tickets.

In movies, we often see bettors discovering glitches in the lottery system, but in real life, it feels like we're simply flushing our money down the drain every time we bet on the lottery. That's why it's crucial for us to be wise and understand our chances. The lottery offers very slim odds of winning, close to impossible. Therefore, if we do choose to bet, it's important to only risk a minimal amount, an amount that we can afford to lose or even donate.

A lottery or anything that involves the participation of many people and a lot of prizes for only 1 place, one has to get the idea that the chance of winning is very low, it is not good to get excited ideas of winning because deception is cruel, especially everything for those who are starting in the world of gambling, when lotteries and raffles are held, what I do is collaborate, it is that money that is given to help whoever does it, but to say that I am going to win something like that, It's not a good prize, it's difficult and possibly a person who has no idea may win, I've also seen that when they throw rigfaas and a number falls that they didn't buy, they come back and redo the whole process and that's something unfair, because they have to deliver the prize .

Unending hope and wishes or expectation is the main driving force on why people do really continue to make out bets on lotteries even if they are really that aware about those odds and chances of winning is really

that very slim or something that would really be interesting for us to get engage in but if you are really that willing to throw a buck or a couple of dollars on buying lottery tickets then it should be fine. Just dont
make yourself that too hopeful when it comes to your betting on lottery because it would really be just bringing out that disappointment if ever you wont really be able to hit up those combinations.
Probability and chances of winning is really indeed close to impossible and this is why expecting something out of those lottery tickets is really that bad.It wont really be just giving you out some good feeling.

Play or make bets according into your interest and not something that too being hopeful because it wont really be giving out that good feeling in the end.

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Quote from: Sanitough on July 05, 2023, 09:17:34 AM

Quote from: TheGreatPython on July 05, 2023, 09:04:11 AM

Quote from: khaled0111 on July 02, 2023, 05:58:03 PM

Quote from: BitcoinPanther on July 02, 2023, 04:04:47 PM

..
It does increase the chance of winnings but the problem is, does the amount of ticket in hand does have a huge impact on that chance? So we better calculate if it is worth spending extra before buying the amount of ticket in the lottery.

Couldn't agree more!
If we take the national lottery as example then we are talking about millions of tickets being sold. If you buy one ticket, you have a small chance to win. If you buy ten tickets then you have increased your chances of winning ten times but those chances are still small given the huge number of sold tickets. Personally, I prefer buying a single ticket and hope for the best.

I've literally seen people spending thousands of dollars on lotteries to win the main prize but they ended up winning very small prizes and sometimes even not winning a prize at all, so it's simply wasting your money when your winning and losing is totally dependent on your luck and nothing else, even if you get higher chances of winning if you have more tickets, that doesn't really guarantee that you will actually win a prize at least enough to cover the cost of the tickets.

That's why, I always say that one shouldn't go above and beyond their limits when buying lottery tickets and only a small amount of tickets should be enough for one to check their luck, if they are lucky, their ticket will get a prize even if it's only one out of millions, and if they aren't, they won't win even with millions of tickets.

In movies, we often see bettors discovering glitches in the lottery system, but in real life, it feels like we're simply flushing our money down the drain every time we bet on the lottery. That's why it's crucial for us to be wise and understand our chances. The lottery offers very slim odds of winning, close to impossible. Therefore, if we do choose to bet, it's important to only risk a minimal amount, an amount that we can afford to lose or even donate.

A lottery or anything that involves the participation of many people and a lot of prizes for only 1 place, one has to get the idea that the chance of winning is very low, it is not good to get excited ideas of winning because deception is cruel, especially everything for those who are starting in the world of gambling, when lotteries and raffles are held, what I do is collaborate, it is that money that is given to help whoever does it, but to say that I am going to win something like that, It's not a good prize, it's difficult and possibly a person who has no idea may win, I've also seen that when they throw rigfaas and a number falls that they didn't buy, they come back and redo the whole process and that's something unfair, because they have to deliver the prize .

Unsoldier

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Quote from: delfastTions on July 04, 2023, 12:49:38 PM

Quote from: Lida93 on July 05, 2023, 08:24:31 AM

Although everyone has the right to hope for something better, could the lottery's continued popularity contribute to an unhealthy preoccupation with rapid gratification? A society that has devalued effort and perseverance in favor of luck. You recommend dedicating a certain sum of money specifically to the lottery. But why not save up for something concrete, like a future adventure or a contingency fund?

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

Winning any significant amount in any lottery is such a rare event that the probability of it for a particular person is almost zero. The question arises: why are there so many who want to buy lottery tickets, when any adult, sane person understands perfectly well that he will not be able to win. But it is true, of course, that buying a lottery ticket for $1 does not affect the family budget in any way. But I want to draw attention to the fact that if one of the family members bought such a ticket, then there will be fun and jokes in the family. And for this ridiculous dollar, everyone's good mood will rise a little.
This is probably one of the main functions of the lottery. In other words, it's fun and entertainment. Perhaps they are worth such ridiculous money.

Yes, I know that some people buy lottery tickets for fun. For them, the process of waiting for the draw can be fun.
People may discuss their expectations and hopes with other players, exchange ideas about strategies or simply talk about possible winnings. There is an element of interaction and communication in these discussions and this can contribute to the satisfaction of participating in the lottery.

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Quote from: Cryptomultiplier on June 23, 2023, 03:07:58 PM

For real, I have witnessed friends of my family and even family members win lotteries to live and work overseas. I don't see how badly thier lives has been lately except way better than the way it was when they left.

What just pains me is the fact that the lottery system is not as open as it used to be in those times.
Money was paid for each time they tried, and yes, it was more than twice they tried.

I thought this was something patterning to only my country side. When I was young I used to hear about lottery Visa's to travel outside the country to places like America, Australia etc. There were lots of radio station jingles and TV adverts about these lotteries as at then and it helped a lot of people who had no financial hope of traveling outside the country to do so through a probable lottery win.

These days we don't hear about them anymore it's like something that has gone into extinction here in my country and I wonder why? Or could it be that the sponsors of those lotteries are no more interested in the lottery games or the business just crashed overnight? I don't know.

I think I recall those, but I think I was very young back then.
Nowadays lotteries related to migration are not longer advertised in the radio and on TV, it seems people is not so interested on them as they used to be. In order to partake in those lotteries now, one needs to manually submit one's documents on a webpage and be careful to fulfill even the smallest requirement , so one won't get booted out the lottery.

At least, in order to participate on those one does not need to spend much money, only whatever the documents are worth...

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Quote from: TheGreatPython on July 05, 2023, 09:04:11 AM

Quote from: khaled0111 on July 02, 2023, 05:58:03 PM

Quote from: BitcoinPanther on July 02, 2023, 04:04:47 PM

..
It does increase the chance of winnings but the problem is, does the amount of ticket in hand does have a huge impact on that chance? So we better calculate if it is worth spending extra before buying the amount of ticket in the lottery.

Couldn't agree more!
If we take the national lottery as example then we are talking about millions of tickets being sold. If you buy one ticket, you have a small chance to win. If you buy ten tickets then you have increased your chances of winning ten times but those chances are still small given the huge number of sold tickets. Personally, I prefer buying a single ticket and hope for the best.

I've literally seen people spending thousands of dollars on lotteries to win the main prize but they ended up winning very small prizes and sometimes even not winning a prize at all, so it's simply wasting your money when your winning and losing is totally dependent on your luck and nothing else, even if you get higher chances of winning if you have more tickets, that doesn't really guarantee that you will actually win a prize at least enough to cover the cost of the tickets.

That's why, I always say that one shouldn't go above and beyond their limits when buying lottery tickets and only a small amount of tickets should be enough for one to check their luck, if they are lucky, their ticket will get a prize even if it's only one out of millions, and if they aren't, they won't win even with millions of tickets.

In movies, we often see bettors discovering glitches in the lottery system, but in real life, it feels like we're simply flushing our money down the drain every time we bet on the lottery. That's why it's crucial for us to be wise and understand our chances. The lottery offers very slim odds of winning, close to impossible. Therefore, if we do choose to bet, it's important to only risk a minimal amount, an amount that we can afford to lose or even donate.

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Quote from: khaled0111 on July 02, 2023, 05:58:03 PM

Quote from: BitcoinPanther on July 02, 2023, 04:04:47 PM

..
It does increase the chance of winnings but the problem is, does the amount of ticket in hand does have a huge impact on that chance? So we better calculate if it is worth spending extra before buying the amount of ticket in the lottery.

Couldn't agree more!
If we take the national lottery as example then we are talking about millions of tickets being sold. If you buy one ticket, you have a small chance to win. If you buy ten tickets then you have increased your chances of winning ten times but those chances are still small given the huge number of sold tickets. Personally, I prefer buying a single ticket and hope for the best.

I've literally seen people spending thousands of dollars on lotteries to win the main prize but they ended up winning very small prizes and sometimes even not winning a prize at all, so it's simply wasting your money when your winning and losing is totally dependent on your luck and nothing else, even if you get higher chances of winning if you have more tickets, that doesn't really guarantee that you will actually win a prize at least enough to cover the cost of the tickets.

That's why, I always say that one shouldn't go above and beyond their limits when buying lottery tickets and only a small amount of tickets should be enough for one to check their luck, if they are lucky, their ticket will get a prize even if it's only one out of millions, and if they aren't, they won't win even with millions of tickets.

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Quote from: Cryptomultiplier on June 23, 2023, 03:07:58 PM

For real, I have witnessed friends of my family and even family members win lotteries to live and work overseas. I don't see how badly thier lives has been lately except way better than the way it was when they left.

What just pains me is the fact that the lottery system is not as open as it used to be in those times.
Money was paid for each time they tried, and yes, it was more than twice they tried.

I thought this was something patterning to only my country side. When I was young I used to hear about lottery Visa's to travel outside the country to places like America, Australia etc. There were lots of radio station jingles and TV adverts about these lotteries as at then and it helped a lot of people who had no financial hope of traveling outside the country to do so through a probable lottery win.

These days we don't hear about them anymore it's like something that has gone into extinction here in my country and I wonder why? Or could it be that the sponsors of those lotteries are no more interested in the lottery games or the business just crashed overnight? I don't know.

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Quote from: danadc on July 04, 2023, 05:07:05 PM

I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?

We participate in the lottery with everyone's dream. But lucky people are not necessarily rewarded, only lottery games are rewarded. You paid money to buy lottery make your dreams come true don't hurt anyone's dreams. Every person should keep separate money for winning lottery. I have seen many people who are not happy about winning the lottery because of the hassle of paying taxes. Yet people come forward to these ads and spend a dollar to change their fortunes to win the dream.

Although everyone has the right to hope for something better, could the lottery's continued popularity contribute to an unhealthy preoccupation with rapid gratification? A society that has devalued effort and perseverance in favor of luck. You recommend dedicating a certain sum of money specifically to the lottery. But why not save up for something concrete, like a future adventure or a contingency fund?

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

Well, in fact, both of you are right. Educated people is expected to reserve a percentage of the prize to pay the corresponding taxes, so, although annoying, it is still a good deal!

But lottery doesn't reward education but simple chance, and there are many stories about people who spent too much as soon as they got their money, to the extent of making them insolvent for life due to penalties no one could pay in a lifetime.

This is not the only hassle when you win the lottery. It is reported that the initial joy of becoming rich doesn't last forever and, as soon as you get used to your new lifestyle, happiness levels go back to the initial point or lower. Some comedy dramas have depicted it in fiction, but studies support since long time ago that it happens in real life.¹

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Quote from: summonerrk on July 04, 2023, 11:24:58 PM

I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?

We participate in the lottery with everyone's dream. But lucky people are not necessarily rewarded, only lottery games are rewarded. You paid money to buy lottery make your dreams come true don't hurt anyone's dreams. Every person should keep separate money for winning lottery. I have seen many people who are not happy about winning the lottery because of the hassle of paying taxes. Yet people come forward to these ads and spend a dollar to change their fortunes to win the dream.

Although everyone has the right to hope for something better, could the lottery's continued popularity contribute to an unhealthy preoccupation with rapid gratification? A society that has devalued effort and perseverance in favor of luck. You recommend dedicating a certain sum of money specifically to the lottery. But why not save up for something concrete, like a future adventure or a contingency fund?

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

When I buy a lottery I am not excited that I will win it, but if there is a very small chance that I will win it , I know that there are players who are very fanatical about lotteries and they know that if they play a number they give it extreme importance, I admire that illusion and dedication to this, when I was little , many played the triples, lottery terminals, but there were not so many, there were up to 3 days, and the players drew many strategies, imagine that they drew numbers from Drawings and cartoons , others made pyramids and with Numbers, I do not understand what their logic was to be able to decipher that a number that they could see in cartoons was what was going to fall , I still remember these things and they make me Laugh.

When a person buys the lottery, he has nothing tangible to win, but whenever he starts playing the lottery, a desire to win arises from within him. But I have never won by buying the lottery. After winning the lottery there are many chances that I will win but a reverse happens. When I was younger I bought lotteries like this many times that would pay out three days later but never got around to it. But there was a lot of hope in my heart that maybe my numbers would match and I would win. After buying the lottery, a lot of people are depressed, but there is also a lot of incentive to work to win. When we buy lottery we have dream to win lottery but luckily it is not possible to win. But I have a dream to participate in more lotteries in the future, maybe one day I can win such a lottery.

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Quote from: goinmerry on July 04, 2023, 06:21:37 PM

Quote from: Silberman on July 04, 2023, 01:08:50 PM

It's better to find a provider or casino that can really give us an advantage if we want to bet on the lottery so that we are not burdened with tax costs which in my opinion are inappropriate.

Anyways, I'd rather participate in a national lottery and I'm fine with paying taxes there compare to looking for an effort to find a casino for the reason you have mentioned. But before anything else, what should I be worried about tax as what matter here first is, I should win no matter what lol.

In my opinion, lotteries have only one advantage over casinos. This means that if you win, then you will definitely have no problems with withdrawing funds. Everything will be legal and calm, you will come to the designated place and you will be given a prize.
But that's where I think the pros end.
Who knows what the chance of winning the lottery is?
And the casino has a minimum chance of winning for each country. For example, I know that it is high in the USA and low in Russia. Therefore, it is better to play in the USA.
At the same time, the casino provides a wide variety of games.

The chance of winning the lottery is not big because it depends on the luck you have so if you want to win you have to have luck. And among the thousands of lottery tickets sold to the public, there are only a few people who get that lucky that they win. And it seems that people prefer to buy lottery tickets sold in their respective countries because they think they can receive their winnings without any legal issues or anything. And casinos also seem to provide lottery tickets as well so that people who come to the casino can buy lottery tickets there while continuing to play other gambling games.

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Quote from: goldkingcoiner on July 04, 2023, 10:57:14 AM

-snip-

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

If you bet the lottery at a provider or casino that is large and well-established, then tax will not be applied when you get a win because all types of taxes have been regulated and are the responsibility of the provider or casino, except when making a withdrawal, you may be charged but this not like taxes.
So far, I myself have never found any lottery bets that require gamblers to pay taxes when they win and of course taxes like this will be avoided by gamblers.
It's better to find a provider or casino that can really give us an advantage if we want to bet on the lottery so that we are not burdened with tax costs which in my opinion are inappropriate.

For what I know this is not really accurate, casinos pay their own taxes but they do not have the responsibility to pay the taxes of their players, so if you happen to win a big sum you need to see what kind of taxes apply to you, as there are some countries where no taxes are applied to your winnings but there are other countries in which the taxes are really high and there is no other option to you but to pay them or face the consequences if you do not do so.

Automatically, the taxes paid by the casino must also cover all types of tax costs on the gambler's winnings, because in the gambling industry, it is the provider or the casino that gets the most profit.
I've never had a big win on a lottery bet, but if I have to pay taxes on lottery winnings, I don't agree with the tax either.

If you play at an online casino, will the state also charge winnings tax?
It seems that if you play at an online casino, the government will not know about your winnings and can of course be exempt from applicable taxes.

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Quote from: OgNasty on June 23, 2023, 11:47:52 AM

Of course you are paying for the “dream” or opportunity. Otherwise people would have to be crazy to play at all. I’ve always said that lotteries are taxes on people who are bad at math, but more honestly they’re for people who have no hope of getting rich through investment knowledge or by building companies, this is their long shot hope at a different life.

I think that playing the lottery in hopes of changing one's life is already crazy. Whether or not this kind of business model is opportunistic or provides people with a "ticket for hope", which may or may not provide that person with a kind of psychological relief service or something similar and therefore constitutes as a "paid service" can be debated. Personally, I think all of gambling is the same, regardless of the individual winning chances. The game's probability is always against the player, so technically, every gambler is paying for the "dream of opportunity".

Although I think saying there are people who have no hope for getting rich through investment and instead gamble is wrong. If they saved up the money instead of losing it, they could have made an amazing investment in some unicorn company like the coca-cola of the future. In fact, their chances of making such an amazing investment are probably higher than becoming rich by gambling.

We can't really blame these people who anchor their hope into lottery because maybe they are very desperate to have a good and comfortable life. Hence they will grab whatever opportunity there is just to have a better lifestyle compared to what they currently have. But if you know that the chances of winning the grand prize in lottery is very slim, then you can give them an advice of a concern friend that it will take a great luck to bring home such huge amount.

At this point, you should leave them to decide what they think is best for them. It's either they will continue betting on lottery because they really have high hopes in winning, or they will stop betting because they have come into their senses. Either way, it is no longer within your control and you shouldn't meddle with it anymore because imposing your beliefs isn't a good thing to do. We should let people decide on their own and not control their decision-making just because we think something is bad or nonsense.

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Quote from: goinmerry on July 04, 2023, 06:21:37 PM

Quote from: goinmerry on July 04, 2023, 06:21:37 PM

It's better to find a provider or casino that can really give us an advantage if we want to bet on the lottery so that we are not burdened with tax costs which in my opinion are inappropriate.

Anyways, I'd rather participate in a national lottery and I'm fine with paying taxes there compare to looking for an effort to find a casino for the reason you have mentioned. But before anything else, what should I be worried about tax as what matter here first is, I should win no matter what lol.

In my opinion, lotteries have only one advantage over casinos. This means that if you win, then you will definitely have no problems with withdrawing funds. Everything will be legal and calm, you will come to the designated place and you will be given a prize.
But that's where I think the pros end.
Who knows what the chance of winning the lottery is?
And the casino has a minimum chance of winning for each country. For example, I know that it is high in the USA and low in Russia. Therefore, it is better to play in the USA.
At the same time, the casino provides a wide variety of games.

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Anyways, I'd rather participate in a national lottery and I'm fine with paying taxes there compare to looking for an effort to find a casino for the reason you have mentioned. But before anything else, what should I be worried about tax as what matter here first is, I should win no matter what lol.

Do you think that the national lotteries are real and they really give the reward to a real person? Although it may depend upon the country to country basis but still I think that most national lotteries are fake and they are made to gather money from the public. Yes, they do have a draw in the end and I guess they make any fake person win those lotteries.

I am saying this because there are so many of my innocent family members who are buying these government lotteries for years but never got any rewards and wins. Sad

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Quote from: danadc on July 04, 2023, 05:07:05 PM

It's better to find a provider or casino that can really give us an advantage if we want to bet on the lottery so that we are not burdened with tax costs which in my opinion are inappropriate.

Lotteries are always associated with high prize reward, that is even considered an insane amount.

It's already usual to always expect that a tax is associated with winnings here. National lotteries for example, in most cases, there's an associated task. Besides, we can't compare the prizes between the national lottery and the lottery that was organized by a gambling site, for example, that's why maybe there are some lotteries that don't charge tax-related expenses.

Anyways, I'd rather participate in a national lottery and I'm fine with paying taxes there compare to looking for an effort to find a casino for the reason you have mentioned. But before anything else, what should I be worried about tax as what matter here first is, I should win no matter what lol.

stomachgrowls

hero member

Activity: 3010

Merit: 794

I have recently read an interesting essay on this topic, but it was already explained it to me a few years ago.

The thesis would consist that, although the probability of winning classical lotteries is near zero (typically between 0.0000007% in the case of Euromillions and 0.000003% in the case of national lotteries), people is willing to pay an excessive overprice because they are buying the right to dream about the possibility of winning.

Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?

We participate in the lottery with everyone's dream. But lucky people are not necessarily rewarded, only lottery games are rewarded. You paid money to buy lottery make your dreams come true don't hurt anyone's dreams. Every person should keep separate money for winning lottery. I have seen many people who are not happy about winning the lottery because of the hassle of paying taxes. Yet people come forward to these ads and spend a dollar to change their fortunes to win the dream.

Although everyone has the right to hope for something better, could the lottery's continued popularity contribute to an unhealthy preoccupation with rapid gratification? A society that has devalued effort and perseverance in favor of luck. You recommend dedicating a certain sum of money specifically to the lottery. But why not save up for something concrete, like a future adventure or a contingency fund?

Taxes, what a pain! This seems like a textbook example of "champagne problems," don't you think? It's like griping about the brightness of the sun on a tropical paradise. You're doing better than most people if you can complain about lottery taxes.

When I buy a lottery I am not excited that I will win it, but if there is a very small chance that I will win it , I know that there are players who are very fanatical about lotteries and they know that if they play a number they give it extreme importance, I admire that illusion and dedication to this, when I was little , many played the triples, lottery terminals, but there were not so many, there were up to 3 days, and the players drew many strategies, imagine that they drew numbers from Drawings and cartoons , others made pyramids and with Numbers, I do not understand what their logic was to be able to decipher that a number that they could see in cartoons was what was going to fall , I still remember these things and they make me Laugh.

On the time that you do bet or buy some lottery ticket then its not ideal on making yourself that too optimistic or really that too confident that you would really be getting the jackpot because thats not how it should be

treated on the first place.If you are that extremely lucky then you might be able to hit it up but we know that odds or chances is really that close to impossible on which making yourself that too confident on hitting
it and on the time that reality would slap into your face then you would really be having that feeling of great disappointment and anger insider on what you havent won.?
Just like you on the time that i would be buying up some tickets on which im not really that making myself that too optimistic and just treat up that those tickets on auto lose but of course
i would really be checking out those results from time to time if ever it would be hit up.

Make yourself stick with that common approach and being that realistic because lottery and winning this stuff is never been that so simple or easy. You would be needing all the luck of this world
before you could be able to do so. Cheesy

danadc

sr. member

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