Monday, January 3, 2011


As one who has previously railed against the Idiot Tax that is the state lottery, I very sheepishly report that I actually bought a lotto ticket today.  Here was my thinking... the pot is up to about $290 million, but the odds of winning ($1 ticket) are 1 in 175,711,536.  $290,000,000 divided by 175,711,536 is $1.65.  So, clearly, that's a favorable risk/reward.  Of course, you want to avoid splitting the pot with anyone, as I might not even bother turning in the ticket if it was only for $145 million, because now I'm below a dollar using the above math.  Since humans are really bad at statistics and the idea of randomness, and the vast majority of lottery players are, by my definition, idiots, I went with a consecutive string of numbers.  

If I win, I'll be sure to let you know.