Post
Topic
Board Gambling
Re: Lotteries and possibility vs. probability
by
Porfirii
on 02/11/2023, 05:58:04 UTC
Although there are extreme cases that get addicted to lotteries, this is quite uncommon if I'm not wrong, because, if you are not paying for the probability but for the possibility, a bet of 1 USD is enough to buy said possibility.
yes , that is on me  as I only bet 1 dollar per betting and that is enough for 3 combination in my country so that should be enough to try the possibilities.

I guess that you're doing it the right way, so. Even in terms of probability the dollar per ticket is very expensive, it is not in terms of perceived value. But, while the price rises arithmetically with the number of tickets bought, that perceived value doesn't. So (just) another ticket for me too, please Smiley

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?
I care nothing about taxes because it is lottery that they will took off the tax if ever comes my way so i need not to worry.

Yes, in fact, we should have to pay millions in taxes if we won, shouldn't we?