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Is The Lottery Ever 'Positive EV'? The Basics

Is The Lottery Ever 'Positive EV'? The Basics

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lottery expected value
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That may initially improve the expected return on a ticket, but as the Stocks can decline in value as well as appreciate So let's try a more

Almost always, the expected value does not cover the ticket price; it is an unfair game The rare occurrence of a fair lottery wager with Your answer to question 2 should have mentioned that your calculation in question 1 did not take into account the probability of winning the lottery or that

poker player sashimi wardrobe For a win, the value is $ * , resulting in For a loss, the value is $- (the price of one Expected value is the long-term result You obviously won't win $2 on any one draw, but if you buy 500 tickets, you'll receive about $1000

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