Two Plus Two Older Archives  

Go Back   Two Plus Two Older Archives > Internet Gambling > Internet Gambling
FAQ Community Calendar Today's Posts Search

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #12  
Old 10-19-2005, 04:10 PM
WhiteWolf WhiteWolf is offline
Member
 
Join Date: Mar 2005
Posts: 87
Default Re: Lottery at the +EV Point

[ QUOTE ]
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]

[/ QUOTE ]

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.
Reply With Quote
 


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 05:54 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.