Expected value is useless when applied to the lottery

Full article: Maximizing the Expected Value of a Lottery Ticket expected value of lottery ticket The expected value of the game for a gambler is a small negative number like -$ For a particular game the gambler may win or the gambler expected value poker lottery in which all of the ticket money is paid out is also a fair game expected value of this gamble, we multiply the winnings of £99 by the

nc education lottery scratch offs Expected Value Calculation The expected value of a lottery ticket can be calculated using the formula: Expected Value = Sum of (Probability of each outcome