this post was submitted on 09 Apr 2024
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Weird News - Things that make you go 'hmmm'

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[–] [email protected] 11 points 6 months ago (1 children)

I think that if the tickets aren't for a single shared prize then buying identical tickets technically has the same (low) rate of return as buying different tickets...

[–] [email protected] 7 points 6 months ago* (last edited 6 months ago) (1 children)

Compared with buying two different tickets, you cut your chance of winning in half but double your potential payout for winning (leading to the same expected return).

[–] [email protected] 3 points 6 months ago

double your potential payout for winning (leading to the same expected return).

This is only true if your win isn't the jackpot.