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Old 10-19-2005, 01:52 PM
Jeffage Jeffage is offline
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Join Date: Sep 2002
Posts: 1,047
Default Re: Lottery at the +EV Point

It's 180M-1 to hit the powerball jackpot. The jackpot is $340 million. Seems plus EV to me, but my (limited) understanding is the possibility of a split moves it closer to break even. It's even worse if you factor in taxes and the penalty you pay for getting it lump sum (which even the biggest moron on Earth would do).

Jeff
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