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07-03-09, 09:42 PM
| #1 |
| Lord and Master of all I survey... Join Date: Sep 18, 2005
Posts: 2,644
|  Question of the day - Is this a bet? Is buying a lottery ticket a "bet"? Per Websters online dictionary a bet is defined as: "something that is laid, staked, or pledged typically between two parties on the outcome of a contest or a contingent issue" If you place a wager on a football game of $100 on Team A to win you know that if your team wins you will win $100 no matter how many others have wagered on Team A. But when you purchase a lottery ticket you have no idea as to what you would win if your numbers are chosen. If you buy a ticket for $1 and the total lottery pot is $100 million and 100 million people have the same numbers as you and it hits, you win $1 (paid as an annuity over 20 years  )If 10 people have the same numbers as you, then you get $10 million, 5 people - $20 million. So, would buying a lottery ticket be considered a "bet"? |
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07-03-09, 09:45 PM
| #2 |
| EOG FOUNDER  Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,507
| Re: Question of the day - Is this a bet? no, it's not just a bet, it's worse... I would call it a... SUCKER BET, CAPISH?  |
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07-03-09, 09:47 PM
| #3 |
| Just Be A Man  Join Date: Mar 18, 2009 Location: New York- Michigan
Posts: 4,616
| Re: Question of the day - Is this a bet? Its a bet. when I was 18 I went to G A for 3 months. I told them I played a lotto ticket. They took away the 3 months. I was back at zero. Thats when I walked out and said I will never be back. It is a bet. |
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07-03-09, 09:48 PM
| #4 |
| EOG FOUNDER Join Date: Jul 19, 2005 Location: Chesapeake, Virginia
Posts: 35,507
| Re: Question of the day - Is this a bet? I think I saw you at that meeting because I remember how angry you were... Aren't you bald, about 350 pounds and 5 foot 2?  |
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07-03-09, 10:00 PM
| #5 |
| Just Be A Man Join Date: Mar 18, 2009 Location: New York- Michigan
Posts: 4,616
| Re: Question of the day - Is this a bet? I was pissed at that meeting. But I went on the biggest loser, I created rogaine, and took HGH. Now I am 6 foot, 210 and have dark blonde hair. I turned it all around Shrink.  |
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07-03-09, 10:12 PM
| #6 |
| EOG Dedicated  Join Date: Nov 04, 2005 Location: Ohio
Posts: 15,256
| Re: Question of the day - Is this a bet? i wish i could get on the biggest loser show it would help me. i need to lose weight. |
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07-03-09, 10:16 PM
| #7 | |
| Just Be A Man Join Date: Mar 18, 2009 Location: New York- Michigan
Posts: 4,616
| Re: Question of the day - Is this a bet? Quote:
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07-03-09, 10:47 PM
| #8 | |
| Lord and Master of all I survey... Join Date: Sep 18, 2005
Posts: 2,644
| Re: Question of the day - Is this a bet? Quote:
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07-04-09, 08:05 AM
| #9 |
| EOG Veteran  Join Date: Jul 29, 2008 Location: Philadelphia, Pa
Posts: 1,660
| Re: Question of the day - Is this a bet? interesting betting story, in New Jersey the police raided all bowling alleys a dew months ago, they fined any alley who allowed people to play card games, strike pots, 50/50's it was pretty ridiculous, they allowed high game pots, saying it wasnt gambling but a game of skill.. from what i hear it was pretty hefty fines too... |
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07-04-09, 08:53 AM
| #10 |
| All I do is trytrytry Join Date: Aug 21, 2005 Location: minnesota
Posts: 18,908
| Re: Question of the day - Is this a bet? its a high negativwe expectation wager (ie a bet), therefore its a gamble a different quesiton might be is it a "GAMBLE" to risk money with another on a positive expectation wager? |
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