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I assumed a $1 ticket in the example. The point is that even if the expected value is high, buying a ticket means that you are likely overbetting by several ord
by kryptiskt 12y ago
I assumed a $1 ticket in the example. The point is that even if the expected value is high, buying a ticket means that you are likely overbetting by several orders of magnitude.
- jrs235 12y agoYes. And even if you get to pot odds or better after taxes and decide to spend $20 (10 tickets), $200 (100 tix), or even $2000 (1000 tix) because you're at pot odds... 1 in 17.5 mil, 1 in 1.75 mil, even 1 in 175,000 are still very long odds. So, you can't win and dream if you don't play but if you play buy just one ticket. Buy it more for the fantasy you get to play in your dreams at night in your head, because that's most likely the greatest payout you'll get. $1 or $2 for a bottled drink or for some sweet dreams... Your choice, both are okay choices in my mind. Edit: typos.