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To: Noamie

Pooling their money to buy more tickets supposedly to increase the odds of winning, but it’s only an infinitesimal improvement of the odds.


121 posted on 10/23/2018 1:08:23 PM PDT by RegulatorCountry
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To: RegulatorCountry
Pooling their money to buy more tickets supposedly to increase the odds of winning, but it’s only an infinitesimal improvement of the odds.

Buying zero tickets means you have zero odds of winning
Buying one ticket increases those odds to something which gives you a chance to win.
Buying two tickets doubles those chances, as does every doubling of your ticket purchase.

The greatest increase to the odds of you winning is buying the very first ticket (from zero odds to infinitesimal odds), the second and subsequent tickets only slightly increase your odds.

183 posted on 10/23/2018 4:08:26 PM PDT by BlueMondaySkipper (Involuntarily subsidizing the parasite class since 1981)
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To: RegulatorCountry

Pooling their money to buy more tickets supposedly to increase the odds of winning, but it’s only an infinitesimal improvement of the odds.
—————
Sounds like a great way to introduce oneself to the intricate workings of legal civil action as well. Lol


201 posted on 10/23/2018 6:31:29 PM PDT by Noamie
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