Is the powerball plus EV?
golfer1000
Senior Member
Is the powerball plus EV? Odds of winning are about 1 in 290 million. Cost per ticket is 2$. The drawing Saturday night is estimated to be 700 million plus to the winner.
I'm feeling good about this bet lol! Talk about some variance
I'm feeling good about this bet lol! Talk about some variance
Comments
I thought powerball was 5 numbers drawn (1:64 odds on each of those 5.
And 1 powerball drawn (1:26 odds on that ball).
Is this correct ?
Here's a Powerball article from fivethirtyeight.com you may find interesting...
http://fivethirtyeight.com/features/new-powerball-odds-could-give-america-its-first-billion-dollar-jackpot/
Good point. Forgot about Uncle Sam and the possibility of splitting it.
I don't play the lotto so I really don't even know how it all works. I may buy 20$ worth of tickets on Saturday for the heck of it.
My house was hit by lightning... does that make me more likely to win?
now in that case Goats, you better purchase a few tickets my friend ... destiny is calling! i will buy a few i'm sure... its worth the thrill of waiting for the numbers to be called even if i get goose egged again.
In that case it gives you less of a chance to win, because there's no chance someone could be struck by lightning, AND win Powerball!
But have you been attacked by a shark? If so, might as well go all in.
Aren't these two independent events like a spin on the roulette wheel
No. I'd need to hear something even less likely...like say, the Eagles winning a Super Bowl.