Is playing PowerBall currently +EV???

#1 10-19-2005, 12:53 PM

Keep in mind for your EV calculations that if you have made money gambling this year, that your losing Powerball tickets can be deducted from those wins for tax purposes. Just be sure to keep the receipts!

It's still -EV because of the chance of splitting the jackpot. I bought 5 tickets, because I had an extra $5 bill and you can get 5 sets of numbers on one sheet.

SheetWise · #2 10-19-2005, 03:10 PM

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I had an extra $5 bill.

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I've never really understood that.

I've never had an extra $5 bill -- what do they look like?