4 ms·

How can lottery tickets be riskless? I mean you need to draw winning tickets too. Even if the EV is over 1 you can end up under 1 in practice?

• ascorbic 2y ago
  They bought every number
  • rightbyte 2y ago
    Oh ... ye well that solves it.
  • wnc3141 2y ago
    Isn't the jackpot only a fraction of the revenues from all tickets sold?
    • hcs 2y ago
      Yes but progressive jackpots accumulate if not won in previous drawings.
      • Breza 2y ago
        In this particular lotto, 4% of all possible numbers were bought in a typical period. So it's not truly riskless, but there was definitely a positive expected value.
  • deleted 2y ago
    [deleted]