Re: Lottery Genius
[ QUOTE ]
picking calendar number increases EV but is really just less negative value. if you figure in taxes and lumpsum penalties, it is never +ev to buy any lottery ticket. there was a post a while back about the odds and value of lottery tickets.
[/ QUOTE ]
There are rare cases when it's +EV. When that's true, then it's profitable to buy out all the combinations. There have been some interesting documented cases of people doing this successfully.
|