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Patek Philippe

Supposedly...

 

Let's look at the math though...  Supposedly there's a 1 in 292 million chance of winning the lottery.  Considering it's $2 to buy a ticket, why don't I just buy every single ticket combination possible?  That'd cost $584 million.  I don't know why financial funds don't do this...  Of course there's risk...  The risk is what happens if there are multiple winners of the jackpot?  The lump sum cash value of the $2B jackpot is about $1B.  And then after corporate income tax...  there probably wouldn't be much left.  And if there's a second winner, the win would be halved and then we'd be looking at a loss.  


But with this business approach of buying lotto tickets to win...  That could be lucrative.  I wonder if anyone has thought about that more in detail...  The amount would probably have to be over $2B for a fund to find it attractive...  And then funds would be worried that another fund has the same idea which would result in a split win.

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