this post was submitted on 10 Dec 2023
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A lot of people understand how unfair the math is, and still buy the tickets because "you never know."
Source: I buy tickets sometimes because you never know...
If you can afford it, then it's no harm really. I've made a profit from the lottery myself, albeit a minor one. Depending on the lottery, it's not the worst thing you can give pocket change away to for a bit of fun. So I never understood this "you'll never win" mentality/gatekeeping hobbies, people know the chances, but it's fun either way.
I think the big problem is that people who are addicted to gambling are being suckered several times a week. It's not really gambling, it's buying a daydream. If a casino gave you similar odds in one of their slots, it would likely be illegal based on the odds and the payout. So people who think of it like gambling are getting the worst of it. The expected value never approaches anything close to fair, even at rhe highest jackpots.
This article agrees. Huge caveat:
Vox, “4 ways the lottery preys on the poor”, 2016
If you win you still lose cause most places publish your name. This really is a field where wining is losing.
The money just make you an easily identified target or mark for the audience.
Entirely dependent on the lottery, the only one I have heard of this being a thing is the main US one. You can remain completely anonymous in the major European lotteries for example.
The US and Canada Lotteries publish the winners because it is a public record that they did in fact pay out. The European commisions that don't publish have to face yearly accusation that they don't.
I would sometimes buy one just to have something to wait for. It's cheaper than buying trash online.
whip up some pizza dough and spend the week waiting for it to proof, then at the end you get a delicious pizza to look forward to
No, we do know. You will not win once.
Somebody might win a huge amount, but that one will not be you. I can guarantee that.
You will put in more money than you will get out. Somebody needs to pay their shareholders.