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It is a negative expected value. You can go below zero. There is no situation where buying lottery tickets is a good way to diversify your portfolio
by gnopgnip 9y ago
It is a negative expected value. You can go below zero. There is no situation where buying lottery tickets is a good way to diversify your portfolio
- slavik81 9y agoWell, there are some situations in which it's a good investment. http://newsfeed.time.com/2012/08/07/how-mit-students-scammed-the-massachusetts-lottery-for-8-million/ http://newsfeed.time.com/2012/08/07/how-mit-students-scammed...
- Domenic_S 9y agoNah, depending on jackpot size, Mega Millions at least can reach a +ev state. https://seekingalpha.com/instablog/957061-chris-demuth-jr/2505021-a-ev-lottery https://seekingalpha.com/instablog/957061-chris-demuth-jr/25...