Re: Lottery at the +EV Point
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Maybe I'm missing something about how this thing works, but how can it ever be +EV? There's no way the organizers of any lottery would set it up to pay out more money than they're taking in. As long as total revenue > total payout, it has to be -EV for the average player, right? Or is there some magical money fairy who's just adding millions to the prize pool? Especially when you subtract the massive amount lost to taxes, I don't see this being anywhere near +EV. Not that I'd fault anyone for taking a shot with money they're willing to lose. [img]/images/graemlins/tongue.gif[/img]
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The same way Party's BBJ can be +EV at certian times... so long as there are no winners, the prize pool keeps growing until the bet becomes theoretically +EV.
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