"The Lottery Is A Tax On People Who Are Bad At Math"
Is the lottery a tax on people who are bad at math? I've heard that statement since Montanans first put the idea of a state sponsered lottery on the ballot. I've played a few times, my biggest win has been $7.00. Often I did not get even a single number to match the drawing. Was I just donating a dollar now and then to the state? Is there a time when it is in the players interest to play? There is only one way to find out, do the math!
Logic told me that there may be a time that it is in my interest to play. If the jackpot increases every time there is not a winner, at some point it would be worthwile to buy all combinations. To "buy the pot" I don't have the resources to buy every combination, nor does any group of people I hang out with. If the payout is larger than cost of the tickets, I can justify buying a ticket or two in the gamblin' part of my mind.
This should be easy, right? Just look at the odds on the
lottery website, punch a few buttons on the calculator, and know when
to buy a ticket, when to let the suckers build up the jackpot for you.
There are four State sponsered lotto games played in Montana,
they are all examined here
Butterfinger Sweepstakes.......Best odds of any of these
Questions and comments should be mailed to the Webmaster
last updated 4/28/03