Thread: Lottery at the +EV Point
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  #50  
Old 10-19-2005, 10:26 PM
tonypaladino tonypaladino is offline
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Default Re: Lottery at the +EV Point
[ QUOTE ]
Ok, maybe this is wrong, but I think the odds of hitting you guys are using is wrong.
You have to pick 5 numbers from a field of 52 and the power ball # from a field of 52.

Possible combinations
(52*51*50*49*58)(52)=16,217,510,400
So your chances of your number being drawing is about 1/16.2 Billion

So the jackpot would have to well exceed $16 BILLION for the lottery to be +EV

[/ QUOTE ]

I am wrong. The probability forum set me straight.
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