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I'm always amused that when they list the overall odds of "winning", they include the odds of just getting your money back ($1 prize on a ticket that cost $1),
by elmuchoprez 13y ago
I'm always amused that when they list the overall odds of "winning", they include the odds of just getting your money back ($1 prize on a ticket that cost $1), which isn't "winning" at all in my book.
- neogodless 13y agoHa, well in your book. But once you buy a ticket, the $1 is sunk cost and you currently have $0 left of your $1. If you then get $1 from the ticket, you did "win" it and are $1 better off than you would have been if the ticket was not a winner. If you're willing to shell out the $1 in the first place, you should be happier winning $0.23 then being stuck with a losing ticket.