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by summer_steven
3132 days ago
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> If you buy a lottery ticket, you are getting exactly the odds that were promised to you. Casinos and the state lotteries do everything they can to convince people they will make profit. Do you think a regular Joe can calculate the expected value of a scratch card? Sure, he knows he has a 1/1,000,000 chance of winning the jackpot and a 1/25 chance of winning $20. He is being misled. Therefore, since gambling companies are legally allowed to mislead regular people, then there is no reason to protect them from investing and maybe actually making a profit. |
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