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A national lottery with a positive EV would still make almost all players losers.
by throwaway2245 6y ago
A national lottery with a positive EV would still make almost all players losers.
- thomasahle 6y agoIf you play at enough such lotteries with small enough bets, that sounds great. If the EV had been negative, not so much.
- throwaway2245 6y agoIf you have high enough wealth and the reliable ability to replicate your bet a sufficient number of times, then you might be able to reduce the variance enough to see the benefit: right. If you're not in that position, then you're gambling just the same, whether you have -EV or +EV.