Thread: Lottery Genius
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Old 03-04-2007, 12:18 AM
jman220 jman220 is offline
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Join Date: May 2005
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Default Re: Lottery Genius

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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.

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You don't have to figure the taxes into your ev if you: 1. Play poker for a profit, 2. Itemize on your tax return, and 3. Deduct the cost of your lottery tickets from your gambling winnings. Of course lottery is still -EV 95 percent of the time.
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