'This has never happened before.' Powerball jackpot swells to $700M (latimes.com) 2 points by hugenerd 10y ago ↗ HN
[–] aliston 10y ago ↗ If the odds are 1 in 292.2 million, doesn't this mean that the expected value is actually positive? If you had 292.2 million bucks, you could guarantee a win. [–] stray 10y ago ↗ You could guarantee a win with 175 million or so.You couldn't however guarantee that you'd win more than you spent -- because others could win as well, diluting the pot.
[–] stray 10y ago ↗ You could guarantee a win with 175 million or so.You couldn't however guarantee that you'd win more than you spent -- because others could win as well, diluting the pot.
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[ 3.4 ms ] story [ 14.3 ms ] threadYou couldn't however guarantee that you'd win more than you spent -- because others could win as well, diluting the pot.