Lottery Value Question

[VegasDave]

So the odds of winning the California State Lottery Jackpot are 1 in 41,416,353.

Considering they take 50% in taxes, I'll use the nice round $83,000,000.

If the jackpot gets to $83,000,000, you are now getting bet 1 to win 41.5 million when your actual odds are 41.4 million to 1.

Is there value here?

Do you pound it?

[SlickFazzer]

Go all in, definitely.

[VegasDave]

Actually, if you buy enough combos, you could always be on the "positive" side...

Even at the minimum $7,000,000, a win would be worth $3.5 million...

Buy 12 tickets and you now have a 3.45 mil to 1 shot to win 3.5 mil!

Value?

[Sinister Cat]

Actually, if you buy enough combos, you could always be on the "positive" side...

Even at the minimum $7,000,000, a win would be worth $3.5 million...

Buy 12 tickets and you now have a 3.45 mil to 1 shot to win 3.5 mil!

Value?

No, right? if the tickets are $1 ea, that's $12 for 3.45 m : 1 to win $3.5m?

Cool that there's a minimum though, didn't realize lotteries did that...

[topgame85]

Lottery and value should not be used in the same sentence haha

[VegasDave]

No, right? if the tickets are $1 ea, that's $12 for 3.45 m : 1 to win $3.5m?

Cool that there's a minimum though, didn't realize lotteries did that...

But when dealing with millions does a few extra bucks matter? Haha

[VegasDave]

Lottery and value should not be used in the same sentence haha

Indeed. I've come to realize though I am a failure at life and lotto is my only out at getting rich

[madmaxx]

I was at del mar when a guy hit the 2.6 million pick6 off a $16 ticket, was a 2 day carryover, there is a 2 day carryover today at del mar. Take those odds instead

[VegasDave]

$16 ticket huh? 2 X 2 X 2 X 1 X 1 X 1 ? So sick...

I've hit the 5 of 6 once but never that elusive 6th...