Her luck shopping for tickets.
I am not a lottery participant -- player.
Clearly, i do not even know what to call it.
What are the odds?
One in 259 million.
Because the jackpot is up to $400 million, everyone is out buying tickets.
Just to put it in perspective, the odds of being hit by lightning, one in 10,000. what is the value of each ticket?
256 million is the odds.
Tickets are only one dollar, so why not go out and purchase every number combination?
You would still get a profit.
But you have to think other people could get the same numbers, and then you would have to split it.
If you win the jackpot, a lot of people take the lump sum, but then you would only get about 200 $16 million, so you would be looking at a loss if you had bought every ticket.
Scarlet fu, do you want to weigh in?
I know there is an office pool going around.
We could not resist the odds.
We decided to try to put together an office lottery pool.
The problem is, a lot of people put in one dollar with their coworkers.
What happens is someone buys the ticket and says, actually, i bought the winning ticket on my own, this is not the group ticket.
Or somebody will say that they did not get enough money.
Are you suggesting greed may play a role?
Maybe just a little bit.
There are proper ways to do this, let's say.
If you google lottery lawyers, there is a whole group out there.
It is a specialty in law school.
The first thing you want to do is choose a leader.
I will appoint myself.
Does that mean that you get a bigger cut?
I do not.
I just put together the contract.
Two pages, standard legal language.
You make copies of the tickets.
These are the originals, everyone has a copy.
Nobody can claim later on that they're winning ticket was not part of the groups.
And then you pay your money.
Did you pay before or after the numbers came out?
The website that you got this contract from, do they get a cut?
This is based on successful contracts in the past that people have worked out.
There have been plenty of lawsuits about the sort of thing.
You also wonder what happens if you lose a ticket.
You have to sign the thing and put your signature on it, otherwise -- that is why you hold onto the original.
What are some examples of losses?
People paying money, not showing up to work the next day, but they actually want to split it with a smaller group.
That is why you need to sign the contract.
No notary present?
We have it on air.
The other issue that comes up, if you win the lottery -- let's say we win.
Can you stay anonymous?
Most people would prefer to stay anonymous.
Only six states allow you to stay anonymous.
Unfortunately, we do not live in south carolina, delaware, maryland, or the others.
I think it would be fun to get on tv with a giant check.
They say marketing drives sales to the lottery, so if you withdraw names, people think that perhaps it is fishy.
If you release the names, then people will believe in it and will spend more money on it.
And that is what will happen on monday.
You can see the picture of the winners on the mega millions website.
Bottom line, the odds are against you.
But you have to be in it to win it.
Did we all sign?
Thank you, ladies.
"market makers" will be back
This text has been automatically generated. It may not be 100% accurate.
I am not a lottery participant -- player.
Clearly, i do not even know what to call it.
What are the odds?
One in 259 million.
Because the jackpot is up to $400 million, everyone is out buying tickets.
Just to put it in perspective, the odds of being hit by lightning, one in 10,000. what is the value of each ticket?
256 million is the odds.
Tickets are only one dollar, so why not go out and purchase every number combination?
You would still get a profit.
But you have to think other people could get the same numbers, and then you would have to split it.
If you win the jackpot, a lot of people take the lump sum, but then you would only get about 200 $16 million, so you would be looking at a loss if you had bought every ticket.
Scarlet fu, do you want to weigh in?
I know there is an office pool going around.
We could not resist the odds.
We decided to try to put together an office lottery pool.
The problem is, a lot of people put in one dollar with their coworkers.
What happens is someone buys the ticket and says, actually, i bought the winning ticket on my own, this is not the group ticket.
Or somebody will say that they did not get enough money.
Are you suggesting greed may play a role?
Maybe just a little bit.
There are proper ways to do this, let's say.
If you google lottery lawyers, there is a whole group out there.
It is a specialty in law school.
The first thing you want to do is choose a leader.
I will appoint myself.
Does that mean that you get a bigger cut?
I do not.
I just put together the contract.
Two pages, standard legal language.
You make copies of the tickets.
These are the originals, everyone has a copy.
Nobody can claim later on that they're winning ticket was not part of the groups.
And then you pay your money.
Did you pay before or after the numbers came out?
The website that you got this contract from, do they get a cut?
This is based on successful contracts in the past that people have worked out.
There have been plenty of lawsuits about the sort of thing.
You also wonder what happens if you lose a ticket.
You have to sign the thing and put your signature on it, otherwise -- that is why you hold onto the original.
What are some examples of losses?
People paying money, not showing up to work the next day, but they actually want to split it with a smaller group.
That is why you need to sign the contract.
No notary present?
We have it on air.
The other issue that comes up, if you win the lottery -- let's say we win.
Can you stay anonymous?
Most people would prefer to stay anonymous.
Only six states allow you to stay anonymous.
Unfortunately, we do not live in south carolina, delaware, maryland, or the others.
I think it would be fun to get on tv with a giant check.
They say marketing drives sales to the lottery, so if you withdraw names, people think that perhaps it is fishy.
If you release the names, then people will believe in it and will spend more money on it.
And that is what will happen on monday.
You can see the picture of the winners on the mega millions website.
Bottom line, the odds are against you.
But you have to be in it to win it.
Did we all sign?
Thank you, ladies.
"market makers" will be back
This text has been automatically generated. It may not be 100% accurate.