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Old 11-16-2007, 01:25 PM
psandman psandman is offline
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Join Date: Sep 2005
Location: Vegas
Posts: 2,346
Default Re: Bad Beat Jackpots = Zero Sum?

[ QUOTE ]
I semi-understand your view that BBJ is +EV becuase it is not raked, but how can you consider it +EV when you can not guarentee that *you* will get back every $1 you put in?

Even if the state lottery didn't take a rake, the EV would be negative becuase the odds of hitting it are so high you wouldnt win.

[/ QUOTE ]

You clearly don't understand the concept of EV

Just because something is positive EV doesn't mean you will win, Just because something is 0 EZ doesn't mean you will break even, And just because something is negative EV doesn't mean you will lose.
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