5 ms·
Which is still way better than any lottery I've heard of.
by dripton 14y ago
Which is still way better than any lottery I've heard of.
- tlrobinson 14y agoI'm not sure that's true. http://users.stat.umn.edu/~geyer/lottery/ http://users.stat.umn.edu/~geyer/lottery/ Summing up our conclusions, it's much better to play in a week with a big jackpot than a small one (duh!) but even in a week with a near record jackpot (second largest in history) the lottery is only almost but not quite a break even proposition.
- polshaw 14y agoInteresting, but this does not mean a 40% (or better) chance of break-even.
- deleted 14y ago[deleted]
- planetguy 14y agoReally? Because if so I'd be happy to sell you lottery tickets in which you have a forty percent chance of breaking even...
- warmfuzzykitten 14y agoYes, that's why the state you live in is happy to sell you lottery tickets. There's a sucker born every minute.
- acangiano 14y agoMathematically, I agree. Psychologically, many people are paying for the fantasy and it may be what helps them cope with an otherwise pretty tough life. The idea/fantasy that "all this could change one day thanks to the lottery" may very well be worth the ticket price to those people. I'll hold my judgment and not call them suckers on this basis.
- RobAtticus 14y agoScratch-offs? Certainly the payout isn't as great, but not all of the 40% is hitting a big jackpot either.