It's The Big One!

Nov 15, 2006 17:12

If you can recognise which of the many people who have doubtless said "It's The Big One!" over the years I like to quote, award yourself considerable smugness.

The EuroMillions lottery draw rolled over for an eleventh consecutive week last week, so a special stipulation comes into play. It cannot roll over for a twelfth consecutive week, so all ( Read more... )

mathematics, lottery, gambling, probability, games

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Comments 25

mr_babbage November 16 2006, 17:54:21 UTC
What would Phil Helmuth do?

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jiggery_pokery November 17 2006, 20:54:28 UTC
(coughs, takes deep breath)

BILL FILMAFF DON'T PLAY NO STINKIN' EURO MILLIONS IT'S A LOW-LIMIT GAME FOR PANSY ASS WEAK-TIGHT PASSIVE-AGGRESSIVE INTERNET DONKEYS WHO ALWAYS DRAW, BILL FILLMAFF IS SO RICH AND SO GOOD-LOOKING AND SO TALENTED AND SUCH A WINNER THAT HE PLAYS EL GORDO EXCEPT EVEN BIGGER, THEY HAVE A SPECIAL GAME FOR ME CALLED EL BILLO AND I PLAY EVERY SINGLE TICKET BECAUSE I'M THE WORLD'S CHAMPION AND CAN AFFORD TO BUY ALL THE TICKET, I WIN EURO BILLIONS AND GLOBO TRILLIONS BECAUSE I'M THE WORLDWIDE CHAMP AND YOU'RE NOT.

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mr_babbage November 17 2006, 15:28:23 UTC
I don't understand point 3). If a bet is +EV, then ten such bets should be multiple EV, if not quite 10 x EV ( ... )

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jiggery_pokery November 17 2006, 20:49:39 UTC
The best analogy I can think of is this: suppose you have won Play Your Cards Right/Card Shark(s) and have got to the cash cards at the end. Your first card (*) is a 6. Obviously you would choose to go higher than a 6, but how much do you bet? Why do you bet the amount you do? Is there a correct amount to bet? Should you bet your entire bankroll every time on 6s, 7s, 9s and 10s?

(*) ...ignoring the possibility of being able to change the card - perhaps you have changed a 6, only for it to be replaced by another 6. ("Oh dear, the cards are being funny tonight!")

If you've already won it then damn, I needn't have bothered playing :-/

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