Re: When To Give Up?
I think almost everyone who plays powerball has some awareness that they are -EV even if they aren't familiar with that term.
They buy them and say, "I know I'm never going to win this thing."
You seem to be saying that the only regular powerball ticket purchasers who do not have gambling problems are the ones who are too stupid to realize they are a bad bet.
You act like OP buys these all the time and can't help himself.
He says he plays powerball 'occasionally' when he said that he never gambles on -EV games anymore EXCEPT for that.
Spending $2-$3 a week on powerball tickets does not mean he has a gambling problem.
I don't normally play -EV games either and I hate the freaking lottery. But occasionally when my GF and I are at a casino we will play roulette or 3-card poker even though I know they are -EV because she likes playing those games.
FWIW, she understands they are negative expectation games as well.
Are we both gambling addicts? I guess we better seek help because we have lost way more than $2-$3 on those stupid games.
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