However, I would like to add that if you make this bet, your pot-odds are 1:5 or what is the same for every 100 times you bet, you will have losses of $ 4* it if you are lucky enough to win 1 time. (Prize $16)
Yeap, this is what EV shows by itself. The problem of any lottery is always the fact that it has negative EV, without it any lottery would disappear very fast
Difference is -0.4 USD per very your bet
*Difference is -0.04 USD per very your bet
Just add that it is 0.04, anyway thanks for the calculation.
*Difference is -0.04 USD per very your bet
Just add that it is 0.04, anyway thanks for the calculation.
Yeah, i just forgot about one zero, my bad. sometimes happens
