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My understanding is that lotteries are quite open about the expected return that is heavily negative (and most people do understand that the expected return is
by beefield 9y ago
My understanding is that lotteries are quite open about the expected return that is heavily negative (and most people do understand that the expected return is negative). So they do not work the same way.
- conanbatt 9y agoEven if you are open to being a Ponzi, it is illegal in the U.S. As another user says, the only legal Lottery is the one that is run by the State. Isn't it interesting.