Expected value (EV) in lotteries, like the U.S. Powerball, varies with jackpot size. A $384 million jackpot typically results in negative EV, whereas $1.5 billion may be positive. Yet, taxes and jackpot splitting can make a seemingly positive EV negative. Overall, lotteries usually present a negative EV, suggesting they're better suited as entertainment rather than reliable financial ventures.
Which is more likely, getting struck by lightning or winning the lottery? I don't think we are asking the right question. It's your choice that dictates your fate whether you are going to win the lottery or be killed by lightning. Let's discuss the odds in the right perspective then see if lottery is really such a bad thing as many anti-lotto group would like you to believe.
Hi Edvin, I am playing the lottery and I just have read all your topics about the game, I am amazed! I especially like your thoughts about mindset and planing the game! Very powerful and helpful! You have put a lot of time and effort into it! And everything is precious! Thanks for that! I have been wasting big enough money on lottery games until I run nearly out of my savings and then stopped...
Lottery addiction has often been discussed but rarely investigated. The promise of a huge jackpot prize made it the most popular form of gambling among the masses. So naturally, it is seen as a socially acceptable form of gambling. But the lottery, like any other form of gambling, is meant to be fun. The lottery is just entertainment. However, for a minority, losses from the lottery may lead to a...