View Single Post
  #20  
Old 03-03-2010, 02:31 PM
CookingWithGas CookingWithGas is offline
Charter Member
 
Join Date: Mar 1999
Location: Tysons Corner, VA, USA
Posts: 11,495
Quote:
Originally Posted by The Flying Dutchman View Post
Quote:
Originally Posted by [B
UncleFred][/b]You're expected return is better if you don't buy a ticket.

If you buy a $1 ticket, your expected return is $0.50 (depending on the game) whereas if you put the $1 in your pocket the expected return is $1.
Actually, if you put the dollar in your pocket your return (or expected return) is zero.
Yes. And if you buy a $1 ticket the expected value is -$0.50.