$100,000,000

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fingerbone
fingerbone
NSW
921 posts
NSW, 921 posts
31 Oct 2012 8:13pm
I would move in next door to Branson...
Chris6791
Chris6791
WA
3271 posts
WA, 3271 posts
31 Oct 2012 5:26pm
Agreed, $100 mil to one winner is too much and it would be better shared amongst 20 people with $5 mil each. But I'd rather decide who those 20 people are than let chance decide
Mark _australia
Mark _australia
WA
23688 posts
WA, 23688 posts
31 Oct 2012 5:59pm
Chris6791 said...
Agreed, $100 mil to one winner is too much and it would be better shared amongst 20 people with $5 mil each. But I'd rather decide who those 20 people are than let chance decide


I would be one, wouldn't I Chris?

kiteboy dave
kiteboy dave
QLD
6525 posts
QLD, 6525 posts
31 Oct 2012 8:08pm
Chris6791 said...
Agreed, $100 mil to one winner is too much and it would be better shared amongst 20 people with $5 mil each.


But where do you draw the line?

Surely 100 people woud be better with a million each? Buy a nice house and car, retire...

200 people with 500k would pay off their houses?

500 people with 200k would pay some off their mortgage, be much more comfortable?

10,000 people with 10k each could take their partner/family on a great holiday or buy a reliable car...

Would you prefer to be a hero to 20 people or 10,000?

BulldogPup
BulldogPup
6657 posts
6657 posts
31 Oct 2012 6:21pm
Mark _australia said...
Chris6791 said...
Agreed, $100 mil to one winner is too much and it would be better shared amongst 20 people with $5 mil each. But I'd rather decide who those 20 people are than let chance decide


I would be one, wouldn't I Chris?




and me
Saffer
Saffer
VIC
4501 posts
VIC, 4501 posts
31 Oct 2012 9:54pm
$100 million would be easy to spend.

Strippers and blow $70 million
Private jet $5 million
House $10 Million
Ferrari 458 Spyder and variety of other cars $1.5 million
Yacht $5 million
Holiday homes in a variety of top kiting locations $10 million
A new set of kiting gear that includes every size of kite for the next 20 years $400K

After a year you could spent it all quite easily
Carantoc
Carantoc
WA
7285 posts
WA, 7285 posts
31 Oct 2012 7:20pm
I'd pay seanhogan's parking ticket for him.



Then I'd buy the parking space so he could park there whenever he wanted.
Carantoc
Carantoc
WA
7285 posts
WA, 7285 posts
31 Oct 2012 7:39pm
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

In OzLotto each game is $ 1.35

So, if 45.379M seabreezers want to send me $1.35 each then I'll spend $61.262M buying tickets - and chance of winning $100M is high.

If I win I'll return to you all $ 2.19 after the draw at a cost of $99,381,367.80

You are all up 162% and I take $618,632 in the 1 cent between the rounding error in the return of $2.19 as opposed to the accurate return of $2,20.3632379

If I loose - you are only $1.35 out of pocket - which is bugger really isn't it.

Good plan ??
FormulaNova
FormulaNova
WA
15105 posts
WA, 15105 posts
31 Oct 2012 7:42pm
Carantoc said...
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

In OzLotto each game is $ 1.35

So, if 45.379M seabreezers want to send me $1.35 each then I'll spend $61.262M buying tickets - and chance of winning $100M is high.

If I win I'll return to you all $ 2.19 after the draw at a cost of $99,381,367.80

You are all up 162% and I take $618,632 in the 1 cent between the rounding error in the return of $2.19 as opposed to the accurate return of $2,20.3632379

If I loose - you are only $1.35 out of pocket - which is bugger really isn't it.

Good plan ??



Yeah, I'm in! The only thing I can think of, is if someone else has this great idea and we don't get all of the 100M.



Chris6791
Chris6791
WA
3271 posts
WA, 3271 posts
31 Oct 2012 7:53pm
Mark _australia said...
Chris6791 said...
Agreed, $100 mil to one winner is too much and it would be better shared amongst 20 people with $5 mil each. But I'd rather decide who those 20 people are than let chance decide


I would be one, wouldn't I Chris?




Only if I saw you dangling off a kite wearing a red and yellow polka-dot wetsuit.
sn
sn
WA
2775 posts
sn sn
WA, 2775 posts
31 Oct 2012 7:59pm
Mark _australia said...
I must say though, I have been curious about some of the islands in the pacific, look on google earth and there are heaps of them like 10km x 30km with lagoons and perfect breaks etc and NOTHING at all on them.
Maybe a crashed WW2 plane.

They are a 4hr (plus) flight from anywhere, even then that si from some other small island so they are probably more like 8hrs from a proper continent. How much would it cost to develop one..... hmmmmm





I wouldnt be ruining the island by developing it!
as long as there is a small sheltered bay for my seaplane, and some place to sleep I would be happy.
Anyone remember the name of the abandoned island that Alby Mangels and his mate found- the ex WW2 base that they salvaged stuff from.
That island looked pretty good to me!

stephen
Dawn Patrol
Dawn Patrol
WA
1991 posts
WA, 1991 posts
31 Oct 2012 8:09pm
Carantoc said...
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

In OzLotto each game is $ 1.35

So, if 45.379M seabreezers want to send me $1.35 each then I'll spend $61.262M buying tickets - and chance of winning $100M is high.

If I win I'll return to you all $ 2.19 after the draw at a cost of $99,381,367.80

You are all up 162% and I take $618,632 in the 1 cent between the rounding error in the return of $2.19 as opposed to the accurate return of $2,20.3632379

If I loose - you are only $1.35 out of pocket - which is bugger really isn't it.

Good plan ??


Someone has done something like that before (except i think it was a 6 number lottery so easier)

They had to pay tax on the winnings because it was counted as 'professional' gambling.
http://education.theage.com.au/cmspage.php?intid=147&intversion=102

if it is true...
Mark _australia
Mark _australia
WA
23688 posts
WA, 23688 posts
31 Oct 2012 8:11pm
^^^ Stephen these are so far out there you need a proper big jet to get there (or months on a big arsed boat) so to even live there with a small family you will need a decent amount of development.
That's what I mean - would cost a lot to build a house and a runway on an island if all done with 4000km round trip boat journeys. But worth it!!!
beerdead
beerdead
NSW
433 posts
NSW, 433 posts
31 Oct 2012 11:17pm
Dawn Patrol said...
Carantoc said...
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

In OzLotto each game is $ 1.35

So, if 45.379M seabreezers want to send me $1.35 each then I'll spend $61.262M buying tickets - and chance of winning $100M is high.

If I win I'll return to you all $ 2.19 after the draw at a cost of $99,381,367.80

You are all up 162% and I take $618,632 in the 1 cent between the rounding error in the return of $2.19 as opposed to the accurate return of $2,20.3632379

If I loose - you are only $1.35 out of pocket - which is bugger really isn't it.

Good plan ??


Someone has done something like that before (except i think it was a 6 number lottery so easier)

They had to pay tax on the winnings because it was counted as 'professional' gambling.
http://education.theage.com.au/cmspage.php?intid=147&intversion=102

if it is true...



Palm; Palmyra?
lotofwind
lotofwind
NSW
6451 posts
NSW, 6451 posts
31 Oct 2012 11:20pm
Mark _australia said... In all honesty I reckon if I won the 100mil I'd be an a55hole afterwards


So when did you last win it. lol
Carantoc
Carantoc
WA
7285 posts
WA, 7285 posts
31 Oct 2012 8:25pm
lotofwind said...
Mark _australia said... In all honesty I reckon if I won the 100mil I'd be an a55hole afterwards


So when did you last win it. lol


I'm gonna need to spend the $100 mill on surgery to sew my sides up after that side-splitting humour

Go on - tell us another ....
Pitbull
Pitbull
WA
1267 posts
WA, 1267 posts
31 Oct 2012 8:29pm
Just to let you all know in advance that I've had a vision 1st division is coming my way. The Secret is out!
Mark _australia
Mark _australia
WA
23688 posts
WA, 23688 posts
31 Oct 2012 8:31pm
lotofwind said...
Mark _australia said... In all honesty I reckon if I won the 100mil I'd be an a55hole afterwards


So when did you last win it. lol


Some would not even need the money to be an a55hole it would seem.

FormulaNova
FormulaNova
WA
15105 posts
WA, 15105 posts
1 Nov 2012 7:11am
lotofwind said...
Mark _australia said... In all honesty I reckon if I won the 100mil I'd be an a55hole afterwards


So when did you last win it. lol



Well, he never actually said he wasn't one before it

poor relative
poor relative
WA
9106 posts
WA, 9106 posts
1 Nov 2012 8:01am
I'd become a cocaine addict drink heaps of alcohol have sex with Whores and buy fast cars with most of it.
The rest I would probably waste
seanhogan
seanhogan
QLD
3424 posts
QLD, 3424 posts
1 Nov 2012 10:51am
Carantoc said...
I'd pay seanhogan's parking ticket for him.

Then I'd buy the parking space so he could park there whenever he wanted.





thanks little hairy man !!!!!
kiterboy
kiterboy
2614 posts
2614 posts
1 Nov 2012 9:04am
Mark _australia said...
kiterboy said...
Mark _australia said...
It is too much.

If one person wins 100mil they won't know what to do with it.



Such a dick thing to say.

You obviously have no imagination.



You kinda have a point, I get annoyed when people who have won about $5mil and say they will continue working. You know, the 50 y/o type who have never had a hobby, imagination, desire to travel - I kinda think WTF!!????

But when we are talking 100mil - you could get everything you need/want for a lot less. Say, $20mil is enough to have a LOT of toys, flash house and holidays right NOW, and still have investments of businesses that will get you some of the other things a bit later. The point being - yes I could spend 100mil right now, but would not have the time to use all the sh!t I bought. Save the helicopter for 5yrs time after I get bored with the jet plane.

I also note you cut out all my stuff about making more people happy, with a life changing amount for each of them, rather than 1 person having too much. I guess being nice is not important huh.




Yes being 'nice' is important, so is helping people.

You talk about winning 100mil being too much for someone and state that they wouldn't know what to do with it.
In your case I guess that's true.

Because, you only seem to think materialistically about the winning of a large amount of money like that.
You say you can and would buy a heap of stuff/toys etc with that money, but for you there seems to be a limit to what you can think of to use the money on.

So you claim you'd use the money to help other people by giving some of it away to people.

Like I said, lack of imagination.

Giving people money does not necessarily help them at all, most of the time, giving people money for nothing only leads them to materialistic pursuits, the welfare system proves that.

Sure, you win 100mil, go crazy buy heaps of toys and stuff, spoil your friends, you won it, you deserve it and can do with it what you want, I know I would.

But you claim you would want to help other people with this amount of money that is too much for you to deal with.

Using that (excess) money to make a difference in people's lives is a much more effective way to help people than giving them a lump sum.

If you really wanted to help people, use that money properly, go build schools in third world countries, set up some foundations, scholarships, support causes and organizations that make a difference to people's lives by giving them opportunities.
By doing this, you will help a hell of a lot more people than you would by giving a few lump sums to people who would most likely just buy stuff, which in a way is giving them help, but not the type of help I suspect you're hinting at.

People need opportunities, not hand outs, money like that could provide a multitude of opportunities to a multitude of people.

Imagination is not a fanciful word, it's a powerful tool.

I'd still get my Porsche though :)
And a few more kites...
Skid
Skid
QLD
1499 posts
QLD, 1499 posts
1 Nov 2012 1:39pm
^^ Some good points kiterboy
---------------
A friend once told me that if he won lotto he would buy the house across the road from his place. I asked him why (both houses were similar size/style etc).
He replied, "Just so I can sit in the loungeroom and watch all the people arriving at my old place!"
GypsyDrifter
GypsyDrifter
WA
2371 posts
WA, 2371 posts
1 Nov 2012 12:26pm
It's not too much...and I'd LOVE it
landyacht
landyacht
WA
5921 posts
WA, 5921 posts
1 Nov 2012 8:38pm
Mark _australia said...
I must say though, I have been curious about some of the islands in the pacific, look on google earth and there are heaps of them like 10km x 30km with lagoons and perfect breaks etc and NOTHING at all on them.
Maybe a crashed WW2 plane.

They are a 4hr (plus) flight from anywhere, even then that si from some other small island so they are probably more like 8hrs from a proper continent. How much would it cost to develop one..... hmmmmm





they would have no water,and all the fish are toxic from being isolated in the reef
Skid
Skid
QLD
1499 posts
QLD, 1499 posts
2 Nov 2012 1:27pm
Carantoc said...
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

.....


How did you get 45 million combinations?
Happy for someone to correct my maths, but I get...

Picking 7 from 45
45*44*43*42*41*40*39 = 228,713,284,800

Picking 6 from 45
45*44*43*42*41*40 = 5,864,443,200

I don't mean to be picky but if my $1.35 is going to be at risk....

Over to the maths experts of Seabreeze for confirmation (or otherwise)...
Dawn Patrol
Dawn Patrol
WA
1991 posts
WA, 1991 posts
2 Nov 2012 11:42am
Skid said...
Carantoc said...
Hear me out on this one :

Odds of picking 7 numbers from 45 is 1:45,379,620

.....


How did you get 45 million combinations?
Happy for someone to correct my maths, but I get...

Picking 7 from 45
45*44*43*42*41*40*39 = 228,713,284,800

Picking 6 from 45
45*44*43*42*41*40 = 5,864,443,200

I don't mean to be picky but if my $1.35 is going to be at risk....

Over to the maths experts of Seabreeze for confirmation (or otherwise)...


That method is looking for the odds of getting a specific order of 7 numbers out of 45. As in, 1,2,3 is different to 1,3,2

In lotto you can have any combo. So 1,2,3 is the same as 1,3,2 and dramatically increases the odds of winning, over needing a specific order.

Edit: I think, it was a while since doing this at school!

Double Edit: After a quick google what I said was correct.

What you wrote is 45!/(45-7)! which equals that really big number.

The correct way is 45!/[7!(45-7)!]=approx 45mil
Scotty88
Scotty88
4214 posts
4214 posts
2 Nov 2012 11:58am
From my school days
Chances of 1st number dropped being yours is 1/45, second number 1/44, 3rd number 1/43, etc.
times all these together and should get the odds of winning. Prob same as above. Is this correct ?
Dawn Patrol
Dawn Patrol
WA
1991 posts
WA, 1991 posts
2 Nov 2012 12:27pm
Nah thats the same as what skid did.

Which is correct if you had to get your 7 lottery numbers in a specific order.

But the 7 numbers can be in any order.
Carantoc
Carantoc
WA
7285 posts
WA, 7285 posts
2 Nov 2012 6:46pm
^^

my maths says 7 from 45, the seven all different and in any order is
7/45 x 6/44 x 5/43 x 4/42 x 3/41 x 2/40 x 1/39

= 1/ 2.2036 x 10-8

= 45,379,620

Because you all doubted me and nobody sent me $ 1.35 I haven't bought a ticket.

This means two things :
1) I have definitly saved you all $1.35
2) I have probably saved you at least $ 11 million
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