The Oxford Handbook of the Economics of Gambling

Games Lotteries Play The odds of winning any of Powerball's prizes, which start as low as $4, with a single ticket are 1 in 6 One thing the lottery's

If all four-digit numbers are equally likely, then the chance a ticket's number matches the winner is 1 in 10 000 Each digit is independent of the others, and

expected value of lottery ticket Expected Value and Variance Have you ever wondered whether it would be “worth it” to buy a lottery ticket every week, or pondered questions such as “If I

today lottery ticket result Say a pauper finds a magic lottery ticket, that has a 50% chance of $1 'expected value'method', the pauper should refuse the rich person's offer