Re: Is Powerball Ever +EV with a high jackpot?
The 'pot odds' or the price you are getting from the reward must be greater than the odds against you winning the pot. So, for a 90,000,000 dollar pot you are getting 90,000,000 to 1. Except the odds of winning are very much more than 100,000,000 to 1 against. And even more considering you will only receive half the pot by 'cashing out'. Also, I understand as the pot increases so do the odds against. As far as the power play is concerned it just increases the amount you have invested.
I tend to look at buying a powerball ticket as a 'dollar's worth of dreams'. [img]/images/graemlins/wink.gif[/img]
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