Re: Is Powerball Ever +EV with a high jackpot?
[ QUOTE ]
The original question was about EV, so I think the point was legitimate and correct.
[/ QUOTE ]
If you look farther up, you see I actually answered the question (somewhat) with numbers.
As for "legitimate".... I don't think worrying about EV in a multi-state lottery is worth the effort. You don't play the lottery for the EV. You play the lottery for the huge ROI and the low buy-in.
I've yet to here a person say, after winning an 8-figure jackpot post-tax, say "Oh, I know it was a silly -EV bet, I felt really foolish for buying the ticket."
|