The Lottery: Is It Ever Worth Playing?
Have had this conversation with a couple of friends, and I wanted to know if my reasoning is flawed. As clearly stated on Internet, the lotto is, a.) in general, a tax on poor people, b.) of an infinitesimally tiny chance of winning, and c.) a tremendous waste of money.
All that applies above, but with the caveat of saying, '…except for buying one ticket'.
Because your chances of winning are so absurdly low, and you almost certainly will not win, so buying more than one ticket makes no sense whatsoever. Having said that, if you buy zero tickets, you have no chance at all of winning.
One ticket (infrequently bought, say, once a year) buys you in for the possibility that you might win. You won't, but you might. It's like qualification, and, at the cost of $5.00 (or whatever small monetary amount), it's a small price to pay for the chance.
If you don’t buy your tickets you definitely will not win.
It could happen to you, It probably won’t but it could.
What are your thoughts?
44You're essentially throwing the money away. I never purchase them.
47I play it occasionally for the thrill of the draw and that is providing me with an adrenaline rush.
9I purchase the lottery to make money/ get rich.