Rants on business, science, technology, society, politics, police, and justice, plus life hacks and tricks, since 2003. header image 4

Entries from November 2012

PowerBall EV and Odds Calculator, or, Why PowerBall is a Ripoff

November 24th, 2012 · 3 Comments

Jump to the EV Calculator
As a semi-professional gambler, I feel it’s my duty to explain to everyone why PowerBall jackpot hysteria is largely worth ignoring. A basic understanding of probability and expected value is essential to understand the content of this post, but I’ll try to keep it simple. The calculations in this post are […]

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Tags: My Thoughts · Scary Stuff