Do poor/uneducated people spend more on lotteries?

powerball

Member
According to a money-making newsletter, Statistics Canada reported that Canadians earning more than $80,000 per year spend an average of only 0.4% of their income on gambling. Very low income Canadians spend 1.6% or four times as much of their income!

The same newsletter recommends the excellent book "Fooled by Randomness". :agree2:
 

shirazbai

Member
LOL!!!!
Hahahaha!!!

I knew I would find good times here tonight. What an exceptional study! What would you classify as "very poor"? Shall we say $10,000?

Hmmm... let me see now.
$80,000 x 0.4% = $320/an = $6/wk
vS
$10,000 x 1.6% = $160/an = $3/wk

So the very poor are buying one quick pick on wednesday and a quick pick with encore on Saturday. Wow!

I just have one question. Based on your posts on this board thus far, you have shown a personal bias against gambling. My question then is: What are you doing on a gambling message board? This is tantamount to a devout christian going to Saudi Arabia during Haj and trying to convert the 100% muslim population there to christianity.

Please understand that I am not suggesting that you leave. I am just genuinely curious of your reasoning for being here if not to stir the proverbial dung. You profess to be the master of logic, posting links to pdf files of some government studies of lottery ticket sales. Guess what? It's a government study! That should say it all! I can post a link to the government study of "global warming effects of bovine flatulence", but I won't (you can cut'n paste that into Google).

As far as your endless rants promoting total randomness and the non-existence of equilibrium, thousands of renowned mathematicians would beg to differ with you (since you don't listen to us very poor gamblers). What I could suggest in the mean time is a tome of "calculus of probabilities", the author doesn't matter.

In any event, best of luck and watch that last step at the edge of this flat planet. ;)
 

Brad

Member
Funny stuff Shiarazbai

Hi ho, hi ho, flatlanders must go ... get in line and random whine ... hi ho, hi HOOOOoooooooooooo.... splat? :lol:

hey ... you don't suppose there's another universe out there totally opposite ours where lottos are predictable but the folk are only capable of random thoughts :eek: ??
 

peter

Member
shirazbai said:

So the very poor are buying one quick pick on wednesday and a quick pick with encore on Saturday. Wow!
This must be why you never see a lotto terminal near a homeless shelter.:lol:
 

Sheba

Member
Now if the poor buy a ticket and wins does he then spend less?

Sheba__:bouncy: :dog:~~~
Everybody's Got a Dream...JACKPOT!
--------------------------------------------------------------------------
 

Sheba

Member
peter said:
I just love this board:D

ME TOO!!! Peter! :agree2:

Sheba__:bouncy: :dog:~~~
Everybody's Got a Dream...JACKPOT!
--------------------------------------------------------------------------
 

Beaker

Member
:lol: :agree2: You forgot to mention he runs a lottery website :dizzy: - go figure. :hair:

He is a saviour - sent to save us long-tooth cretins from lotto gambling demise.
Sorry, for us brain dead lotto players I provide the definition:
cre·tin ( P ) Pronunciation Key (krtn)
n.
1. A person afflicted with cretinism.
2. Slang. An idiot.
Oh, and play unique sets so you win BIG in a pari-mutual Ryo-Catteau machine drawn lottos like 6/49 :lol:
shirazbai said:
LOL!!!!
Hahahaha!!!

I knew I would find good times here tonight. What an exceptional study! What would you classify as "very poor"? Shall we say $10,000?

Hmmm... let me see now.
$80,000 x 0.4% = $320/an = $6/wk
vS
$10,000 x 1.6% = $160/an = $3/wk

So the very poor are buying one quick pick on wednesday and a quick pick with encore on Saturday. Wow!

I just have one question. Based on your posts on this board thus far, you have shown a personal bias against gambling. My question then is: What are you doing on a gambling message board? This is tantamount to a devout christian going to Saudi Arabia during Haj and trying to convert the 100% muslim population there to christianity.

Please understand that I am not suggesting that you leave. I am just genuinely curious of your reasoning for being here if not to stir the proverbial dung. You profess to be the master of logic, posting links to pdf files of some government studies of lottery ticket sales. Guess what? It's a government study! That should say it all! I can post a link to the government study of "global warming effects of bovine flatulence", but I won't (you can cut'n paste that into Google).

As far as your endless rants promoting total randomness and the non-existence of equilibrium, thousands of renowned mathematicians would beg to differ with you (since you don't listen to us very poor gamblers). What I could suggest in the mean time is a tome of "calculus of probabilities", the author doesn't matter.

In any event, best of luck and watch that last step at the edge of this flat planet. ;)
 

Brad

Member
This would make for a fine signature

peter said:
:lol: I hope the cow starts to fart in my direction.:lol:
nothing better than standing downwind of a south end of a $$ :cow: ... jest hang on to yer hat ...else: here I stand broken hearted, the Jersey blew and my hair just parted :rolling:

hoof hearted??

Sorry folks ... must be the $30M induced hilarity getting to me this morn :dizzy:
 

Beaker

Member
Re: This would make for a fine signature

Brad said:
nothing better than standing downwind of a south end of a $$ :cow: ... jest hang on to yer hat ...else: here I stand broken hearted, the Jersey blew and my hair parted :rolling:

hoof hearted??

Sorry folks ... must be the $30M induced hilarity getting to me this morn :dizzy:
You're in rare farm t'day Brad :lol:
 

peter

Member
Beaker said:
:lol: :agree2: You forgot to mention he runs a lottery website :dizzy: - go figure. :hair:

He is a saviour - sent to save us long-tooth cretins from lotto gambling demise.
Sorry, for us brain dead lotto players I provide the definition:

Oh, and play unique sets so you win BIG in a pari-mutual Ryo-Catteau machine drawn lottos like 6/49 :lol:
Perhaps as a courtesy to us cretins, LT could provide a link to gamblers anonymus.
Hi!, my name is Peter, and I have a 649 problem, the real problem starts because they won't draw my numbers, and I'm to stubborn or stupid to realize it is random.
Whew! I'm glad I got that off my chest, I feel as if a burden has been lifted.:lol:
 
powerball said:
According to a money-making newsletter, Statistics Canada reported that Canadians earning more than $80,000 per year spend an average of only 0.4% of their income on gambling. Very low income Canadians spend 1.6% or four times as much of their income!

The same newsletter recommends the excellent book "Fooled by Randomness". :agree2:
These poor folks are also playing mostly quick picks....Fooled by randomness is right in this case....
I earn more than 80,000$$ a year and mostly because I don't play quick picks....
Powerball why don't you play the number you have in mind....
:confused:
 

Sidebar

Top