What would you do if you won the lottery?

[jkjsooner]

Let's say it's a fairly big one - 20 million or more immediate payout.

1. Quit your job? Volunteer?
2. Take more risks in your career?
3. Live on interest only?
4. Donate a lot to charity/church?
5. Buy a huge house? A beach house? A mountain house?
6. Travel lots?
7. Go MC Hammer on us?

I'd probably keep my job for a year or two minimum just so my life wouldn't change too fast. It would be easy kind of going through it with an I don't care attitude. I would try to stay as down to earth as possible. I would get a nice house but not a lot more. I would just enjoy the freedom and travel a lot.


I rarely pay the "tax for the mathematically challenged" but we'll occasionally do it just for fun.

[royalfan5]

Become a full time farmer/rancher.

[Blue]

Debbie Downer] once Hyper-inflation sets in, i'd probably buy a tank of gas. [/Debbie Downer]

Waaaa waaaaah!

[AlbqSooner]

Anything I want to and nothing I don't want to.

[OUHOMER]

quit my job ASAP. buy about 1000 acres, build a big pond if there is not already one, build a big house in front of said pond. Build my kids a house on the opposite end of the property. Give some cash to some family members.

and

buy a Goldwing for traveling
buy the wife a red convertible
help out on some local dealos
do some foreign travel.

thats about as far as I have gotten with my plans.

[yermom]

two chicks at the same time

[OUHOMER]

two chicks at the same time

Than you could relax in the park. :eek:

[Soonrboy]

big, nice pool for backyard...take the whole family for a cruise or weeks stay somewhere exotic.

Nicer cars for both of us.

Quit the job. Effective immediately...maybe start my own school someday after I get bored.

pre-pay kids college at OU.

then invest...

well, might buy my two loser brothers a car or something.

[yermom]

seriously though, i'd probably work less, volunteer more and live off the interest

i'd probably help out my family a bit, but wouldn't get too extravagant. i probably would buy a nicer house and some cars, and stuff, but nothing too crazy

[GottaHavePride]

Invest most of it & live off the interest.


Travel. A lot.

[jkjsooner]

I forgot to say (since others said it) that I'd give a sizeable amount to parents, siblings, etc. Then when extended family (especially ones I don't know) came asking for help I'd point them back to the others....

If I lived in Deleware (or is it Jersey) I'd keep it confidential.

[tommieharris91]

Take the 20-year payout or whatever it is for starters. I'm young, so that would probably get me pretty far. I'd prolly use that to try to get a Ph.D. and I probably would still try to work for a few years until the money built up.

[SteelClip49]

Buy the NCAA and constantly punish Texas, USC, LSwho and Notre Dame.

[sooneron]

Real estate.

Place in the Hamptons
Place in Colo.
Place in Hawaii
Ranch-like place in OK.

[Soonerus]

Worst thread evar...

[Curly Bill]

Quit work...

Houses, ranches, quality hunting lands....here and there...

Ferrari F-430, Audi R8, other fast and exotic cars, motorcycles and other toys of various kinds...

Lots of golf and travel... and sitting on my ***...

I'd definitely never strike another lick at a job for the rest of my life...

Fix up the family real good as well...

[tommieharris91]

Worst thread evar...

Soonerus = Debbie Downer?

[jdsooner]

Upgrade my OU season tickets!

[CORNholio]

20 million on red. Big money no whammies.

[tommieharris91]

20 million on red. Big money no whammies.
Chances are, that is goodbye money. Your expectation is horrible when playing roulette.

Ohh, your not being serious? Carry on then...

[Blue]

Nah, play progression on roulette. Bet 10, lose it, bet 20, lose it, bet 40, lose it bet 80, win it? Bet 10, win it, put it aside. Start over. Only thing that will beat you is 8 in a row one color (which we've all seen happen) at 1000 limit table. Otherwise, golden strategy.

[SoonerKnight]

Donate some money to OU. Buy some land in Oklahoma. Set the family up so their kids could go to college. Pay off any debt family members may need help with that could make their lives easier. Get my pilots license buy plane and fly around the U.S.!!!

[yermom]

Nah, play progression on roulette. Bet 10, lose it, bet 20, lose it, bet 40, lose it bet 80, win it? Bet 10, win it, put it aside. Start over. Only thing that will beat you is 8 in a row one color (which we've all seen happen) at 1000 limit table. Otherwise, golden strategy.

well, the problem is also the zeros

[OULenexaman]

I'd figure out a way to stop this Obamarama mania...

[tommieharris91]

mdklatt and JohnnyMack in 3...2...1...

[OULenexaman]

I could pay those good ole boys with the white robes to come out out of retirement.....I'll get whacked for that one I'm sure...

[shaun4411]

buy a house on a nude beach in the south of france. 'nuff said.

[Vaevictis]

Chances are, that is goodbye money. Your expectation is horrible when playing roulette.

Depends on your assumptions.

Casino always ensures that it holds the edge in probability; and payout at a casino is mean reverting. Play enough times, and gambler's ruin chain applies too.

I don't have a proof of it, but given those facts, I believe that your highest expected payout over a lifetime of gambling against a casino occurs if you take all the money you'd ever gamble, and go play exactly ONE time in the highest expected value game you can find.

I don't know if that means roulette or not, but betting 20 million on black at a roulette table exactly once is better than betting smaller units 100,000 times at a blackjack table, for example.

[shaun4411]

i think blackjack offers the best chances of winning of all table games in a casino . i believe house advantage is something like 1%. its slightly more in roulette since there is a 5.3% chance of not hitting black or red. thus, betting black is 18/38 (or 47.4%) chance giving the house 2.6%. (i think)

[r5TPsooner]

-Pay my house off.
-Pay my autos off.
-Put $250k away in a money market for each kid for college available at the age of 18 with parental approval at the time (child must attend 4 year college).
-Make sure that all three of my kids have a trust fund of 1 million each, payable and spread out at the ages of 23, 33, and 38 years of age.
-Help those less fortunate in our family with substantial monetary gifts.
-Retire to Hawaii in the winter and Idaho in the summer and play golf with my wife until our backs give out.
-Try something new everyday.

[Sooner98]

i think blackjack offers the best chances of winning of all table games in a casino . i believe house advantage is something like 1%.

Learn how to count cards, and you've got the advantage against the house.

[tommieharris91]

i think blackjack offers the best chances of winning of all table games in a casino . i believe house advantage is something like 1%. its slightly more in roulette since there is a 5.3% chance of not hitting black or red. thus, betting black is 18/38 (or 47.4%) chance giving the house 2.6%. (i think)

This.


Learn how to count cards, and you've got the advantage against the house.

And this, although I hear you have to really pay attention to everything, which includes the deck and the floor people to keep taking advantage of blackjack.