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The Calculated Gamble: When Does It Make Sense to Buy a Lottery Ticket?
- gwern 3y agoThis writeup could have been a lot better. You could have gone into Kelly criterion and the history of syndicates monitoring odds & rollovers, avoiding common numbers, and smurfing their way into adequate coverage to avoid gambler's ruin.
- mikecoles 3y agoWhen it comes to state-encouraged gambling, the easiest way to double your money is to fold it in half and put it back in your pocket.