Because the chance for return is so small with lottery tickets. Futhermore: Most people don't need $50 million but rather 50k-500k. It makes sense to pick a bet

Because the chance for return is so small with lottery tickets. Futhermore: Most people don't need $50 million but rather 50k-500k. It makes sense to pick a bet with better odds. 10% in a stock that has a 50% chance of better performance than the SPX? Sounds reasonable. Or an event-driven trade where you do a short-term bet on a thing. These opportunities don't come very often, but once in a while, they do. Why not expose yourself to them?