bulvivagirl - lottery tickets, page-5

  1. 4,086 Posts.
    G'day guys,

    How many tickets are there in each draw?

    It would be an interesting exercise to apply investment "expected return" calculations to this.

    I suspect that the wise investment for bvg would have been to NOT buy the tickets and just make up the numbers.

    $100 x %chance.of.not.winning

    Vs

    $12m x %chance.of.winning


    Of course there are minor prizes also.

    (I am not implying that bvg DIDNT buy the tickets, of course)

 
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