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If you play at enough such lotteries with small enough bets, that sounds great. If the EV had been negative, not so much.
by thomasahle 6y ago
If 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.