![]() If your expected value is greater than 1.0, it’s worth it to play. how-much-you-bet the expected value of a problem. Mathematicians call this ratio of how-much-you-win vs. Notice how small these differences are, but how in the earlier cases, you can expect to win more than you bet, while in the latter cases, you expect to bet more than you win, at least on average. Or, you had a 0.1% chance of winning $999.Or, you had a 0.1% chance of winning $1001.If a lottery ticket costs $1, for example, it would be worth it if: The idea of "worth it" is a subjective one to most people, but from a scientific/mathematical standpoint, it has a very particular meaning. It means that the amount you can expect to win, on average, is greater than the amount you have to bet in order to play. ![]() And finally, how big does the jackpot have to be in order for playing the Powerball lottery to be “worth it”?. ![]()
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