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What would you do?



 
 
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  #1  
Old December 29th 03, 03:16 PM
EDR
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Those of us with any understanding of mathmatics know that the odds of
winning are not in our favor. (On the positive side, the odds of losing
are greatly in our favor!)

Still, it is amusing to wager $1 on the chance of winning a much larger
sum with the odds of 1:11,000,000.
  #2  
Old December 29th 03, 03:19 PM
Tom Sixkiller
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"EDR" wrote in message
...

Those of us with any understanding of mathmatics know that the odds of
winning are not in our favor. (On the positive side, the odds of losing
are greatly in our favor!)

Still, it is amusing to wager $1 on the chance of winning a much larger
sum with the odds of 1:11,000,000.


A buck for a cheap two minute thrill. Hell, two minutes with a hooker would
cost $100! (Come'on, admit it...that's the average males staying power!)


  #3  
Old December 29th 03, 07:08 PM
Aardvark
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EDR wrote:
Those of us with any understanding of mathmatics know that the odds of
winning are not in our favor. (On the positive side, the odds of losing
are greatly in our favor!)

Still, it is amusing to wager $1 on the chance of winning a much larger
sum with the odds of 1:11,000,000.


1:135,145,920 for the Mega Millions jackpot

  #4  
Old December 30th 03, 02:26 AM
Judah
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So at a winning yield of $200 Million, the odds are paying better than even
for a $1 bet. Seems better than house odds in a casino...



Aardvark wrote in news:GU_Hb.64573$xB5.10314
@bignews1.bellsouth.net:

EDR wrote:
Those of us with any understanding of mathmatics know that the odds of
winning are not in our favor. (On the positive side, the odds of losing
are greatly in our favor!)

Still, it is amusing to wager $1 on the chance of winning a much larger
sum with the odds of 1:11,000,000.


1:135,145,920 for the Mega Millions jackpot



  #5  
Old December 30th 03, 03:28 AM
Teacherjh
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So at a winning yield of $200 Million, the odds are paying better than even
for a $1 bet. Seems better than house odds in a casino...


.... but you are likely to share the jackpot, so the EV is actually smaller.

Jose

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