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83 LIFE. | What to Do if You Win the Lottery, Is It Just a Scam?

Alfalfa Podcast

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The Expected Value

Expected value peaks around 85 cents on a $2 ticket and one where it peaks around $1.16. In most cases, you're net negative on expected value pretty dramatically. But what I find fascinating is if you had like Elon Musk money, you had Bezos money, the expected value turns pretty positive if you bought all the tickets - 292 million combinations.

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