This is only true if youleave out the chances of sharing the jackpot.
When you do it all properly, there is no way to get the expected
value of ticket purchase equal to or above the price of the ticket.
That said, I bought 5 tickets knowing the odds because I can afford
to gamble away 5 bucks when the jackpot hits over 100 million :)
Tony
>But--- Didn't we have a real rareity in Lottery play last Saturday?
>
>Wasn't the "expected return" (if, as happened, only one ticket had all the
>winning numbers) about $3 for each $1 spent?
>
> Don, (not that great at statistics)
>
>
>----------
>>From: "Michael R. Clements" <mrclem@telocity.com>
>>To: "Scot Zediker" <roadsterboy@earthlink.net>, "James Creasy"
><black94pgt@pacbell.net>, <ba-autox@autox.team.net>
>>Subject: RE: My divisional picks revisited
>>Date: Mon, Jun 25, 2001, 9:29 PM
>>
>
>>Scot, that's a sign of intelligence. The lottery is a tax on people who are
>>bad at math. . . which makes it ironic that some of the lottery money goes
>>into the school system.
>>
>>-----Original Message-----
>>From: owner-ba-autox@autox.team.net
>>[mailto:owner-ba-autox@autox.team.net]On Behalf Of Scot Zediker
>>Sent: Monday, June 25, 2001 16:13
>>To: James Creasy; ba-autox@autox.team.net
>>Subject: Re: My divisional picks revisited
>>
>>
>>----- Original Message -----
>>From: "James Creasy" <black94pgt@pacbell.net>
>>To: "Scot Zediker" <roadsterboy@earthlink.net>; <ba-autox@autox.team.net>
>>Sent: Sunday, June 24, 2001 10:31 PM
>>Subject: Re: My divisional picks revisited
>>
>>
>>> > WRONG!!
>>> > WRONG!!
>>> > WRONG!!
>>> > WRONG!!
>>> > WRONG!!
>>> > WRONG!!
>>> ...
>>>
>>> so howd you do in the lottery?
>>
>>I didn't even play. Maybe it's just as well...
>>
>>Scot
>>
>>----------------------------------------------------------------
>>You're three times more likely to wind up in court than in a hospital.
>>Shouldn't you be protected?
>>http://www.prepaidlegal.com/go/szediker
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