which is a better strategy to win the most in the lottery?
I can borrow $300 from Amscot before my next payday. Should I buy $300 worth of tickets all at once? Should I diversify my rickets? Should I spread out my ticket buying throughout the month?
- kswck2Lv 71 month ago
Does borrowing money to play the Lottery make sense to You? It doesn't to everyone else.
- SumDudeLv 72 months ago
lol. do not gamble, especially borrowed money.
- Divide By ZeroLv 72 months ago
It's the same expected return, but buying all at once would give you a slightly higher chance of winning. The reason is, instead of having a chance to win the same prize more than once, that probability gets redistributed to the chance of winning once, boosting it a little.
However, I must say, taking out a cash advance for lottery tickets is degen territory. If the 50% house edge and astronomical odds aren't enough already, you're paying whatever outrageous interest rate on the loan. And if you need a loan to be able to buy the tickets between paychecks, then $300 is probably wayyy more than you should be spending on tickets even without interest or house edge. (But I'm not your parent, so you do you. Good luck)