...what you ought to be calculating is the expected return on your investment. It varies from state to state, but generally speaking if you calculate it you never buy lottery tickets again

People often say that, you know, and I think they're missing the point.

There are a lot of variations on the theme of "the lottery is a tax on people who can't do math" that come up in these kind of discussions, but the fact remains it's the only form of gambling which has million-to-one payouts.

I could gamble on horse races instead, and for a dollar I can get the excitement of dreaming of winning ... ten dollars. With the lottery, I can put down a dollar and have the excitement of dreaming of winning a million. I know the odds against it are much more than a million to one, (something like 7,000,000 to one in NSW) but that's not the point. Also, my odds of winning it are infinitely greater than yours because you don't have a ticket, due to your unfortunate ability to do math.

I can dream... 


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In reply to Re: Re: Lottery combinations golf by Cody Pendant
in thread Lottery combinations golf by Cody Pendant

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