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Q&A At what jackpot minimum is playing Lottario rational?

1 answer  ·  posted 1y ago by Chgg Clou‭  ·  edited 1y ago by Chgg Clou‭

Question lottery
#5: Post edited by user avatar Chgg Clou‭ · 2023-03-22T00:20:38Z (over 1 year ago)
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >[**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.](https://www.playsmart.ca/lottery-instant-games/lottery/how-to-play/how-to-play-detail)
  • >[Two chances to win per \$1 play. Each \$1 play includes two sets of six numbers from 1-45.](https://www.olg.ca/en/lottery/play-lottario-encore/about.html)
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >[**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.](https://www.playsmart.ca/lottery-instant-games/lottery/how-to-play/how-to-play-detail)
  • >[Two chances to win per \\$1 play. Each \$1 play includes two sets of six numbers from 1-45.](https://www.olg.ca/en/lottery/play-lottario-encore/about.html)
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
#4: Post edited by user avatar Chgg Clou‭ · 2023-03-17T00:18:15Z (over 1 year ago)
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >[**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.](https://www.playsmart.ca/lottery-instant-games/lottery/how-to-play/how-to-play-detail)
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >[**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.](https://www.playsmart.ca/lottery-instant-games/lottery/how-to-play/how-to-play-detail)
  • >[Two chances to win per \$1 play. Each \$1 play includes two sets of six numbers from 1-45.](https://www.olg.ca/en/lottery/play-lottario-encore/about.html)
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
#3: Post edited by user avatar Chgg Clou‭ · 2023-03-16T07:00:44Z (over 1 year ago)
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >[**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.](https://www.playsmart.ca/lottery-instant-games/lottery/how-to-play/how-to-play-detail)
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
#2: Post edited by user avatar Chgg Clou‭ · 2023-03-16T06:56:06Z (over 1 year ago)
  • ![Image alt text](https://math.codidact.com/uploads/yvrygyta8dxbdqmgjr5gwz1xlze8)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
  • ![](https://math.codidact.com/uploads/7s8isoxire3xr9aos6wlznff2q7v)
  • I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.
  • >**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.
  • Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?
#1: Initial revision by user avatar Chgg Clou‭ · 2023-03-16T06:53:44Z (over 1 year ago)
At what jackpot minimum is playing Lottario rational? 
![Image alt text](https://math.codidact.com/uploads/yvrygyta8dxbdqmgjr5gwz1xlze8)

I screenshot https://www.playsmart.ca/social-hub/ironing-out-lottery-odds.


>**The Main Jackpot:** Starts at $250,000 and grows until it’s won. There is no capped maximum amount to the jackpot.

Since Lottario's jackpot is uncapped, some minimum jackpot amount shall make Lottario's Expected Value positive? What's Lottario's break-even point?