Quote:
Originally Posted by CliffFletcher
I don't really understand that mentality of jumping into lotteries with a massive jackpot. So people are thinking pfft, $100 mil is no biggie - but I gotta get on that train if it's $1 billion! Don't you have much lower odds of winning when so many people buy tickets?
I'd rather have X odd of winning $1 million than X/10 odd of winning $10 million or X/1000 odds of winning $100 million.
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The odds of "winning" are independent of how many people buy tickets, the odds are only dependent on the on the numbers you can pick from. The only difference is there is now a bigger chance that multiple people will pick the same number, thereby splitting the jackpot. But then the jackpot is much bigger because so many people are playing it, so it evens out.