Re: When To Give Up?
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I think almost everyone who plays powerball has some awareness that they are -EV even if they aren't familiar with that term.
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This is more of a math question than trying to correct anyone. I always thought that progressive lotteries like the powerball do become +EV at some point. The powerball is actually a good bet sometimes, right?
So if the odds of hitting are say 100,000,000 to 1 and the jackpot is over $100,000,000 you have a +EV on a $1 ticket.
Here's the question: is it still considered +EV even though your odds are so small to hit since you will not live anywhere close to long enough to get enough shots at it?
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