P(winning the lottery) \* winnings - (cost to play) < 0 I think this is fals... | Hacker News

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		tpyo on Oct 25, 2009 \| parent \| context \| favorite \| on: What Startups Are Really Like P(winning the lottery) * winnings - (cost to play) < 0 I think this is false with startups, but the chances of succeeding are still low.

JoeAltmaier on Oct 26, 2009 [–]

Actually the lottery can do better than that. The expected value of a lottery ticket can exceed the cost to play ($1) when its in its third or fourth round without a winner.

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