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Just bought 1058.00 in Lottery tickets (megamillion/powerball)
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01-12-2021, 04:47 PM
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#1
- IronILLinois
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Just bought 1058.00 in Lottery tickets (megamillion/powerball)
if i win i'm gonna buy misc and permanently ban SS's IP address. you're welcome.
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 04:48 PM
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#2
01-12-2021, 04:49 PM
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#3
- RICHSTRONG
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Originally Posted By IronILLinois⏩
ok..looks like im praying for you to win now....if i win i'm gonna buy misc and permanently ban SS's IP address. you're welcome.
See monster0ultra's sig
01-12-2021, 04:49 PM
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#4
- IronILLinois
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- IronILLinois
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Originally Posted By Acal83⏩
ty menI was going to criticize your financially irresponsible purchase but I can get on board with that. Godspeed, OP.
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 04:53 PM
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#5
- GOATisLife
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Congrats OP usually I lol at people buying lottery tickets but it’s +ev at certain points.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
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01-12-2021, 04:55 PM
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#6
- IronILLinois
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- IronILLinois
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Originally Posted By GOATisLife⏩
thanks mayne also i will buy you 3 bitcoin irregardless of price and also i will buy you 500k reps. message me.Congrats OP usually I lol at people buying lottery tickets but it’s +ev at certain points.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 06:18 PM
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#7
- numberguy12
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- numberguy12
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Originally Posted By GOATisLife⏩
Unsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.Congrats OP usually I lol at people buying lottery tickets but it’s +ev at certain points.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
Your $1000 is actually worth $2000 or more.
Usually people buy lotto tickets and there $1000 is worth $400 so gj op wish you luck.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
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01-12-2021, 06:19 PM
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#8
- IronILLinois
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- IronILLinois
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Originally Posted By numberguy12⏩
strong sig/username to post contentUnsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following situations would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundreds or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following situations would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundreds or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 06:23 PM
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#9
- RICHSTRONG
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- RICHSTRONG
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Originally Posted By numberguy12⏩
Unsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
See monster0ultra's sig
01-12-2021, 06:29 PM
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#10
01-12-2021, 06:33 PM
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#11
- IronILLinois
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- IronILLinois
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Originally Posted By CopeFear⏩
id fly you and me out to Poland to whoremaxx with LooksMAX. would be a gran ole time.Imagine the whoremaxxing a man could do with $625,000,000
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 06:33 PM
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#12
- notbadnotbrad
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Originally Posted By numberguy12⏩
Will you relaxUnsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
01-12-2021, 06:42 PM
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#13
- IronILLinois
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- IronILLinois
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Originally Posted By felixthedog⏩
I got you with 3 bitcoin. just wrote your username on a post-itIn for a bitcoin op, savvy?
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 06:48 PM
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#14
01-12-2021, 06:55 PM
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#15
- DeputyDong5
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- DeputyDong5
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The lottery is just a form of gambling, which is a voluntary tax. We're still in one of the largest Bull markets ever, and new all time highs are on the horizon... and this is where you place your cash.
Always bet on human degeneracy... which is why I'm balls deep in Draft Kings.
Always bet on human degeneracy... which is why I'm balls deep in Draft Kings.
01-12-2021, 06:57 PM
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#16
- IronILLinois
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- IronILLinois
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Originally Posted By ReadyToLift2019⏩
6 bitcoin goes to you my good sir.All blessings of luck upon you my son, your mighty goal is a noble one unlike my shameless solicitation for addition to the btc list
Toxic Male Energy
Pull-up mogged GooBaa 19JAN2023, me (10) him (5). To this day he refuses to take his perm.
Garbage Tier Miscer List: LargePeter (5 foot 9), GooBaa, Luc1fer, MinisterofLust, Fang2, OPGenesis, NYPat, DolphinPilot, (saved).
01-12-2021, 07:05 PM
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#17
- Workout4ever
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op give me a bitcoin when you win
repped
repped
01-12-2021, 07:36 PM
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#18
01-12-2021, 07:44 PM
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#19
- Goodguy03
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ur fukd
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01-12-2021, 07:50 PM
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#20
- chalup
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- chalup
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Originally Posted By numberguy12⏩
Wait what? What do you mean would you pay a couple or thousand bucks to play the game? That isn't even close to being what +ev is about. Having to get hht to just double your money isn't +ev. roulette has better odds than that.Unsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
01-12-2021, 07:56 PM
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#21
- SannaBarBrah
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Originally Posted By Goodguy03⏩
OP you should buy this guy gastric bypass and loose skin reduction surgery.ur fukd
Even if you don't win the lotto. He really needs it.
01-12-2021, 08:03 PM
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#22
In.
Bought myself a few powerball tickets (not megamillion).
There comes a point where the value of the pot causes the value of the ticket to exceed the ticket cost, despite the odds. Even after factoring in taxes, and factoring the concerns of splitting the pot.
Regardless, the real prizes come from 4+PB ($50k), 5 ($1mill), 5+PB (Pot Value == $550mill).
The only way I'd quit my job from winning is if I hit the 5+PB. $50k, before taxes, is nice but far from life changing. $1mill, before taxes, is life changing, but the $600k or whatever it comes out to in lump sum would still only make like $60-70k annually after taxes if you throw it into conservative mutual funds, not enough to get me to quit my job. $2mill, or ~$1.2mill after taxes maybe, might be closer to enabling me to quit the job though.
Bought myself a few powerball tickets (not megamillion).
There comes a point where the value of the pot causes the value of the ticket to exceed the ticket cost, despite the odds. Even after factoring in taxes, and factoring the concerns of splitting the pot.
Regardless, the real prizes come from 4+PB ($50k), 5 ($1mill), 5+PB (Pot Value == $550mill).
The only way I'd quit my job from winning is if I hit the 5+PB. $50k, before taxes, is nice but far from life changing. $1mill, before taxes, is life changing, but the $600k or whatever it comes out to in lump sum would still only make like $60-70k annually after taxes if you throw it into conservative mutual funds, not enough to get me to quit my job. $2mill, or ~$1.2mill after taxes maybe, might be closer to enabling me to quit the job though.
01-12-2021, 08:11 PM
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#23
01-12-2021, 08:41 PM
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#24
- GOATisLife
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- GOATisLife
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Originally Posted By numberguy12⏩
I'm not from the USA so I have no idea on what taxes you pay on (gambling) winnings.Unsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
Assuming you take the long term payout over 10 years or whatever it is, to get the full sum, it is +EV.
The split prize chance makes a negligible difference on whether playing it is +ev or not, because the odds are so small.
The main point I'm making is, most people play the lottery and the $1000 they spent is actually worth $400. OP is burning $1000 sure, because he will never win the lottery, but atleast his $1000 is worth $2000, so from a hypothetical stand point you can feel better placing the bet.
Also your coin example is completely unrelated. You have no edge in a fair coin being flipped, so its not +EV its breakeven. If the odds were 51/49, then its a different story.
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01-12-2021, 08:49 PM
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#25
01-13-2021, 12:55 AM
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#26
- numberguy12
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Originally Posted By GOATisLife⏩
Umm.....no.I'm not from the USA so I have no idea on what taxes you pay on (gambling) winnings.
Assuming you take the long term payout over 10 years or whatever it is, to get the full sum, it is +EV.
The split prize chance makes a negligible difference on whether playing it is +ev or not, because the odds are so small.
The main point I'm making is, most people play the lottery and the $1000 they spent is actually worth $400. OP is burning $1000 sure, because he will never win the lottery, but atleast his $1000 is worth $2000, so from a hypothetical stand point you can feel better placing the bet.
Also your coin example is completely unrelated. You have no edge in a fair coin being flipped, so its not +EV its breakeven. If the odds were 51/49, then its a different story.
Assuming you take the long term payout over 10 years or whatever it is, to get the full sum, it is +EV.
The split prize chance makes a negligible difference on whether playing it is +ev or not, because the odds are so small.
The main point I'm making is, most people play the lottery and the $1000 they spent is actually worth $400. OP is burning $1000 sure, because he will never win the lottery, but atleast his $1000 is worth $2000, so from a hypothetical stand point you can feel better placing the bet.
Also your coin example is completely unrelated. You have no edge in a fair coin being flipped, so its not +EV its breakeven. If the odds were 51/49, then its a different story.
Do you even understand what expected value is? It’s literally calculated in the above coin game. Why in the world are you going on about the coin being 50/50....this fact is only used in the calculation of the probability of each event....which is then multiplied by the dollar amount you win to yield the (infinite) expected value. Whatever you are going on about.....is not right.
Also, no, sorry, mega millions will not be +ev at that amount, and since I don’t feel like writing out a long explanation, refer to
https://math.stackexchange.com/quest...expected-value
And the associated link in one of the answers
https://www.circlemud.org/jelson/megamillions/
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01-13-2021, 01:10 AM
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#27
- HannoCometh
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Originally Posted By IronILLinois⏩
How many entries did that get you?if i win i'm gonna buy misc and permanently ban SS's IP address. you're welcome.
What if somebody spent $10,000? How many entries would that get them?
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01-13-2021, 01:12 AM
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#28
Originally Posted By numberguy12⏩
Unsure if this is joking, but good luck thinking something like Mega Millions is +EV. Once you take the possibility of split prize, taxes, and reduced lump sum into account, it will not be +EV in situations like this.
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
EV in general does not always correlate to what makes sense to do anyway, for various reasons. To take an extreme example, how much you pay to play the following game?
A fair coin is flipped continually until tails is flipped. If T is flipped the first flip you get nothing. Otherwise you get $1, which doubles for each successive heads. That is, your prizes for the following outcomes would be:
T- $0
HT- $1
HHT - $2
HHHT - $4
HHHHT - $8
HHHHHT - $16
....
etc
Would you pay a couple bucks maybe? A hundred or a thousand bucks?
The expected value of this game isinfinity dollars*,i.e. if going by EV alone, you should play the game no matter what price it is offered at: you should play it for a million dollars, or a quadrillion dollars, a Graham’s number amount of dollars, or whatever. However, the average person wouldn’t play this game for even like a few hundred dollars.
*: EV = 0*.5 + 1*.5^2 + 2*.5^3 +4*.5^4+.... = 1/4+1/4+1/4+....= ∞
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