'This has never happened before.' Powerball jackpot swells to $700M

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	'This has never happened before.' Powerball jackpot swells to $700M (latimes.com)
	2 points by hugenerd 3819 days ago

1 comments

aliston 3819 days ago

If the odds are 1 in 292.2 million, doesn't this mean that the expected value is actually positive? If you had 292.2 million bucks, you could guarantee a win.

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stray 3819 days ago

You could guarantee a win with 175 million or so.

You couldn't however guarantee that you'd win more than you spent -- because others could win as well, diluting the pot.

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