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There's also the fact that expected payout is not the only value a lottery ticket offers. There's the entertainment value as well. If you think about it, enter
by vinceguidry 11y ago
There's also the fact that expected payout is not the only value a lottery ticket offers. There's the entertainment value as well.
If you think about it, entertainment is the biggest factor involved in the decision about whether to partake in gambling or not. I do not generally enjoy any sort of gambling, that's why I don't do it. But I will happily pony up a few bucks to play Keno with a cute girl at the bar.
If gambling wasn't fun, nobody would do it.