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Once, my dad had an experience of winning the lottery. He spent only 5 yuan and won a prize of 10,000 yuan! After that incident, winning the lottery also became my goal. Well, who doesn't dream of getting rich overnight? Lottery has a long history and has brought joy to many people because the betting amount is not high, and with good luck, one can win a huge jackpot.
Speaking of lottery, it's a gambling game where you can get a massive prize with the least amount of money. It can be considered the most unfair form of gambling. If a person has enough money, does that guarantee winning a 5 million jackpot when buying a lottery ticket? Of course, as long as they buy all possible number combinations. However, no one would do that because the cost is too high. Even though a lottery ticket only costs 2 yuan, buying all possible combinations would require nearly 20 million yuan.
In a casino, the house has a probability advantage over the gamblers. What is the advantage of the house? Simply put, it's the capital required for gamblers to ensure winning in gambling. For example, if a gambler bets 50 yuan and plays a coin flip game with the house, with a 50% chance of winning or losing. If the gambler loses, they lose 50 yuan to the house; if they win, they only get 49 yuan from the house. If the gambler simultaneously bets 50 yuan on both outcomes, they end up with only 99 yuan after the results are out. A 1% loss of capital means the house has an advantage over the gambler.
Lottery tickets are inexpensive, and the potential jackpot is huge, which can be confusing. Some buyers may spend only a couple of yuan and have the chance to win 5 million, making people think of the lottery not as gambling but as charity. In fact, the willingness of the house to offer such a huge jackpot is based on extremely low odds of winning. On average, for every 5 million jackpot awarded, the lottery seller has an income of nearly 20 million. |
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Post time 8-12-2023 13:08:01