Re: Bad Beat Jackpots = Zero Sum?
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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.
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I don't think you understand the concept of EV.
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