If you didn’t know already, the lottery is one of the worst ways to gamble. Lotto 6/49 and Lotto Max generally return less than 50 cents per dollar you put in over the long run.
Check out the EV calculator to compute an estimated expectation for any given jackpot.
If you must play, then there are ways to maximize your expected value. These tips revolve … Read more
(Update: the jackpot as of 12:30 GMT Friday, January 27 is now over $470,000. Given that there now have been roughly 21.8 million losing entries, if the odds of the hitting the jackpot are truly 1 in 5,197,920, meaning that the jackpot wheel is fair, neither predetermined or unevenly weighted, we should have expected the jackpot to be hit 4 times by now. S… Read more
Discover how playing the lottery is nearly the equivalent of a 50% tax on your after-tax disposable income. See how much you lose on average when you dream of winning big!
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