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Rotavele October 31st, 2014 11:41am

Should I buy the $1 tickets with double the chance of winning, or should I buy the $2 tickets and have half the tickets but double the money on whatever I win?

$1 $2
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USA1st
10/31/14 11:11 am

Neither. Go buy a soda or something so you know you'll get something in return.

Reply
Rosebud Ohio
10/31/14 10:46 am

Buy a $1. If you win, that many more $1. Then you buy a $2 if you win again. Then you have a shot at $2, and spend $1.

Rosebud Ohio
10/31/14 10:46 am

Ahh see you're playing big ones. I was thinking scratch off.

susanr Colorado
10/31/14 9:36 am

I wouldn't buy any at all, myself.

RedDye40 Way Over Yonder
10/31/14 6:23 am

$1
IMO, less is better when it comes to playing the lottery; unless its for a good cause . . . its still a win, even if you lose!

Praetorianus Fair enough.
10/31/14 4:44 am

I'd spontaneously say $1. The overall chances are even but you save a buck per ticket buying them.

Reply
Rotavele Alabama
10/31/14 5:04 am

$1 is mega millions. $2 is the powerball.

Rotavele Alabama
10/31/14 5:04 am

If that helps any I was thinking 1 dollar too.

Praetorianus Fair enough.
10/31/14 5:11 am

OK, next try: You get either x tickets with one chance to win big $$, or x/2 with a half chance to win twice as big $$. That still means the $2 tickets are disadvantageous because you get fewer PLUS a smaller chance.

Rotavele Alabama
10/31/14 5:14 am

That's where the hard math comes in. What is 5 more 1/235,000,000 of a chance compared to just 5 of the 1/30 $10 prizes that could land me 20 and repay my lottery play money.

It's hard, :/

Rotavele Alabama
10/31/14 5:18 am

Ah it's just simple simplifying fractions, why did I not know that? *facepalm*
mathforum.org/library/drmath/view/56691.html