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Old 07-11-2005, 05:22 AM
Nottom Nottom is offline
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Join Date: Feb 2003
Location: Hokie Country
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Default Re: The lottery, The odds, and You

[ QUOTE ]
I had this thought once too josh. So I figured out how big the powerball lottery would have to get to be +EV if I assume I'm the only winner. I'm not gonna do the math right now but the answer was a couple HUNDRED BILLION. I don't think any lottery will ever be +EV.

JKratzer

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I don't know the rules for "powerball" specifically but the big lotto here is like 150Million to 1 against winning the jackpot.

$200Million prize pools aren't really all that rare, usually come up at least once or twice a year I think. Even without considering how much all the lesser payouts add to your EV, there are certainly opportunities for a +EV lottery.
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