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September 16, 2007

So much for my retirement plans.....

Name                                                       Odds       
Iowa Lottery Jackpot                      1:146,107,962
Being Killed by venomous spider        1:57,018,763
Being Killed by a dogbite                   1:11,403,753
Being Killed by lightning                    1:6,479,405
Being Killed by drowning                    1:690,300
Being Killed by falling bed/furniture    1:388,411
Being killed in car crash                        1:6,029

That explains why I pay more in auto insurance than I spend in lottery tickets.  Now I get it!

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Comments

You're comparing the probability of winning based on buying a single lottery ticket against a lifetime of driving. If you were to buy a lottery ticket every time you got in the car, and drove twice a day for 33 years, the lottery would be about even with the risk of a fatal crash (which is higher than I would expect...).

I bet the state of Iowa would like that.

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