Lottery Strategy

Most people correctly assume that the lottery is -EV, unless the jackpot is ridiculously huge. But even if your odds of hitting 6 numbers are 176 million to 1 and the payoff is $206 million, the lottery can still be -EV. The obvious reason would be taxes, which drastically cut the payout. Another problem is the chance of splitting the jackpot. While winning only $103 million may not seem like a bad beat, sharing numbers with others can cut your EV in half (or worse). So that brings us to the only lottery strategy tip I'll ever publish. Pick numbers that no one else will. That way, when you win a fortune, you won't have to split it with anyone. Merry Christmas indeed.

1 comment:

  1. Unfortunately, I did not split tonight's lotto jackpot. Bah humbug.