2a. Re: VP vs. Blackjack??
Date: Mon Jun 25, 2007 7:57 pm ((PDT))--- In vpFREE@yahoogroups.com, b.glazer@... wrote:
> This is absolutely correct regarding the split -- but there ARE some
errors.
>
> Powerball is currently about 146,000,000 to one against hitting the
jackpot, so if the cash option needs to be about twice as much, the
jackpot needs to be nearly $300 million to justify the bet as "positive
expectation" -- without a split, and ignoring taxes (yes, you can
deduct your losses, but I hope you don't have anything close to that in
losses!!!).Brian, you are not factoring in the EV of all the other winning
combinations. Whew, I hope I don't sound like a lottery apologist.
Actually, I did mention that further down in my post, with the comment that I didn't think that the smaller "hits" were frequent enough nor had enough EV to make a significant dent in my remarks.
I also mentioned that I hadn't actually done the math on those to see if they make a dif.
And it's not "Brian", but that's not your fault; I've never posted my full name.
--BG
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