Activity for manassehkatzâ€
Type | On... | Excerpt | Status | Date |
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Answer | — |
A: Why do the Expected Values differ, for different wagers of the same lottery? TL;DR They are all the exact same losing bet, on average 88.4% loss The key is that the EV is calculated in dollars, which then should be compared to the wager, which is also in dollars. Bet \\$1, and you have an expected loss of \$0.88. Bet \\$2, and you have an expected loss of \$1.77 (2 x \... (more) |
— | 10 months ago |