[drchiu]

I knew a fella who systematically bought call options. He would lose most of the time. However, once he bought AAPL calls (many years ago) and rolled over the winnings to buy more. Turned 10k to several million.

He structured his investments to be able to do this, with a portion of it generating "play money" for these wild bets.

He'd accept that his investments would thus generate lower returns due to his betting, but he needed the thrill of it.

I see lottery as the same way. If you have a lot of passive investments and don't need the money, $40-50 a week on lottery is a rationale choice as the outcome can indeed change one's life. And to a level one could not reasonably achieve with hard work alone.

[mistrial9]

due to the odds involved in winning lottery, lottery is basically a tax on people who do not know maths