Friday, August 9, 2013

YOU GOTTA KNOW WHEN TO WALK AWAY

Newfoundland and Labrador's newest millionaire or millionaires will be revealed this morning.

The owner of the $1.6 million Atlantic Lottery jackpot from last Saturday will receive their life changing winnings at 11 a.m. at the Atlantic Lottery Newfoundland Regional office.

I know one thing for  certain, it is not me. I occasionally, no make that rarely buy tickets. I get an occasional ticket for a birthday present from my mother-in-law. They provide a few days of what if fantasies but that is it.

Liam, my 11 year old learned a little about gambling on Regatta Day. As you might recall from previous posts, Scooters are huge this summer. Clamps, forks, grips, decks and wheels are in high demand. Liam's plan was to win money so he could purchase some new parts. He and his buddy Micheal made a pact, they would split and winnings either of them made.

Armed with his twenty dollars, Liam was intent on winning.

Micheal won $90 dollars and dutifully lived up to the deal struck before the boys got to the lake. He pocketed his winnings to go towards a new part. Liam on the other hand saw the money as seed for more money making opportunities. He lost it all.

This morning he tagged along with Micheal  to the skateboard store, hands in his empty pockets. He was mad at us for not allowing him to draw money from his savings account to buy the pegs he wanted. The lesson of a fool and his money are soon parted had to be learned.

According to the CBC, Canada's biggest lottery jackpot — $54.3 million — was won by a group of 17 oil workers in Camrose, Alta., in October 2005. Out of almost 50 million tickets sold for that Lotto 6/49 draw, one  group had beaten the odds of one in 13,983,816. Total ticket sales for that draw reached $99,474,164.

Imagine being the only person not to join the winning office pool?

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