Curt, While true if you play all the time you have a negative expected
value, once the lottery gets to be large (not sure of the exact number, say
over 150 million) it does have a positive expected outcome.
Strategy, play when it is over $150 million and cross your ringers just in
case!!!
have fun.
Steve
On Fri, Apr 1, 2011 at 11:27 AM, Curt/Nancy Arndt <cnaarndt@gmail.com>wrote:
> Anyone who regularly plays the lottery failed math is school.
>
> Cheers,
>
> Curt
>
> On Fri, Apr 1, 2011 at 7:59 AM, Tim Collins <thcollin@mtu.edu> wrote:
>
> > No April foolery stuff here, but scratch your head about this. . .
> >
> > The news media is making a big deal about the lottery winner who stepped
> > out of line to get a candy bar and then someone stepped in liine ahead of
> > him. The insinuation is that had the guy not cut in line, the candy bar
> guy
> > would not have won. I believe this is a false concept mathematically
> because
> > every play of the lottery is random. I believe that the media is leading
> > people astray in the mathematical reasoning behind this situation. It
> does
> > make for good stories about not cutting in line and being a good citizen,
> > but I don't believe the math supports the media story.
> >
> > To me this is like stepping to the counter, a new deck of cards is
> opened,
> > shuffled, and I get to pick a card. When the guy behind me has his turn,
> a
> > new deck is opened, shuffled and a card given to him. There's no
> connection
> > between my number and his. Or my place in line, or the day of the week or
> .
> > . . anything. We just want to organize "random."
> >
> > My wife says I'm wrong. LOL What do you say?
> >
> >
> > Tim Collins
> >
>
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