4 ms·
> You can't win if you don't play, but 2 tickets doesn't increase your odds significantly. Going from 0 to 1 tickets increases your odds infinitely. The spread
by nucleardog 3y ago
> You can't win if you don't play, but 2 tickets doesn't increase your odds significantly.
Going from 0 to 1 tickets increases your odds infinitely. The spread on your possible outcomes goes from $0-0 to something like -$2 to $100m heavily weighted toward the bottom.
Going from 1 ticket to 2 tickets to 40 tickets… increases your odds by a very minuscule amount. The spread on your possible outcomes is now like -$80 to $100m, still heavily weighted towards the bottom.
The marginal value of every ticket after the first is basically negative.
I don’t buy lottery tickets but buying _one_ makes sense to me. No more than that.