snip...
As i see here, we have
100 2-digit numbers. That means that probability to hit needed number is 1/100.
So, let's count EV: 1/100 * 16 = 0.16 USD
And you need to bet 0.20
Difference is -0.4 USD per very your bet. So the best strategy is
do not bet on this lotteryBest regards, your johhny
That is the best idea.
Because even we think that putting a lot of bet (like to say 10 bets) could help to increase our winning chances but the computation has clearly said that we still gonna lose. It doesn't make sense at all. Much better to gamble our money into games that could make use our knowledge and skill, not this luck-base game lottery.
I have have this addiction before after winning one time but very unfortunate that I'd never win again and a realize that I was spending a lot more than the amount I won.