poker tourneys vs lottery argument. - Page 3

fuck the lotto and the ME

take ur 10k and go all-in on red or black 10 times

On August 17 2010 07:50 kaboom wrote: fuck the lotto and the ME take ur 10k and go all-in on red or black 10 times

obv doubling up everytime u end up with $10milli

fuck that shits WAY easier than the ME

On August 17 2010 08:29 byrnesam wrote: Show nested quote + On August 17 2010 07:50 kaboom wrote: fuck the lotto and the ME take ur 10k and go all-in on red or black 10 times obv doubling up everytime u end up with $10milli fuck that shits WAY easier than the ME

only 10 flips instead of 15. +EV imo

there was one time in Aus where the EV of the lottery was positive (b/c prizes carried over if there was no winner previously). 3 guys decide to buy every combination of the lottery tickets. However, it was apparently incredibly stressful to manage the massive bundle of paper tickets, worrying about whether they actually managed to buy all combinations, what if they lose the winning one, etcetcetc.

They ended up winning and coming out ++, but they learned never to undertake the operation again.

On August 18 2010 04:10 Uptown wrote: there was one time in Aus where the EV of the lottery was positive (b/c prizes carried over if there was no winner previously). 3 guys decide to buy every combination of the lottery tickets. However, it was apparently incredibly stressful to manage the massive bundle of paper tickets, worrying about whether they actually managed to buy all combinations, what if they lose the winning one, etcetcetc. They ended up winning and coming out ++, but they learned never to undertake the operation again.

You might be levelling me, but isn't any number of lottery tickets +ev? You don't need all of them.

If they want 100% victory they do...

nice first post

Fudyann, I guess you levelled yourself. It's not because it's +ev that you are going to win money...
here if it is +ev, it means that the (ticket_price)*(number combinaison)<(prices cumulated).

but there is like a flaw in this. If another guy had the same idea... you get price/2. no ? obviously a guy can also win without buying every tickets. so it seems kinda dumb to me and not even sure it is really +ev.

just imagine buying like hundreds of thousands if not mirrons of dollars worth of lotto tickets just to lose to some random granny who decided to pick up a ticket at her local 7 eleven. huge lawls imo.