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This is why I tell people it’s inadvisable to buy a ticket with a special date or similar. You are no less likely to win, but you are more likely to split any
by odyssey7 6y ago
This is why I tell people it’s inadvisable to buy a ticket with a special date or similar.
You are no less likely to win, but you are more likely to split any winnings with another player who also bought that number, lowering the expected value of the ticket.
- londons_explore 6y agoMost people who consider the expected value of a ticket choose not to buy in the first place...
- smabie 6y agoThat's not true, it's pretty common in the finance/trading for the office to go spend tens or even hundreds of thousands when the lottery has a positive EV. I've seen brilliant people throw down thousands of dollars. Mostly because it's fun, but also because it's rational.