Hacker News new | ask | show | jobs
by coldcode 2709 days ago
Not much payoff for the article. Did it work?

But in a general lottery (random) it makes more sense to put $50 into a single lottery than $1 in 50 lotteries. That's the only way to improve your chances.

1 comments

Wait, what?

If there's any chance at all that the lottery does not draw from an equiprobable distribution and some numbers are privileged - but you don't know what they are, it's best to spread your bets to increase the chance that you bet on the hot number by accident. This is true if a single number has any edge eps>0. Therefore you should almost always (with probability 1) spread your bets.