Re: The lottery. The odds.
My friend and I were discussing this one time when the powerball got tremendously large. He claimed that the prize had gotten so big that betting $1 to win that overinflated pot was actually +EV. We did a little research b/c we were bored and it seemed to check out.
We then decided that we could no longer claim that we were smart gamblers if we didn't buy a ticket, so we did. And of course we both lost.
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