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I've done the math on my local lotteries and the EV tips into the players favour when the jackpot gets a bit bigger than 30 million, even if you share a jackpot
by MaximumYComb 6y ago
I've done the math on my local lotteries and the EV tips into the players favour when the jackpot gets a bit bigger than 30 million, even if you share a jackpot with one other. This is due to the return of 3,4,5,6 and 7 numbers all adding up, combined with the fact that the jackpot is largely from what others have spent in previous weeks.
If I was completely rational I'd bet my house on it when it tips into my favour. I am not completely rational.
- john_moscow 6y ago>If I was completely rational I'd bet my house on it when it tips into my favor. I am not completely rational. It would be rational to bet your house on it if you could repeat the draw an infinity of times, so that the outcome would converge to the expected value.
- MauranKilom 6y agoA rational actor would consider risk of ruin.