Finding good bets in the lottery, and why you shouldn't take them

We give a criterion under which the expected return on a ticket for certain large lotteries is positive. In this circumstance, we use elementary portfolio analysis to show that an optimal investment strategy includes a very small allocation for such tickets.

Publication Details

Journal
ArXiv.org
Published
2025-06-30
Primary Topic
Advanced Bandit Algorithms Research
Type
article
Field-Weighted Citation Impact
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article

Finding good bets in the lottery, and why you shouldn't take them

ArXiv.org
Advanced Bandit Algorithms Research
article

Finding good bets in the lottery, and why you shouldn't take them

article en

Abstract

We give a criterion under which the expected return on a ticket for certain large lotteries is positive. In this circumstance, we use elementary portfolio analysis to show that an optimal investment strategy includes a very small allocation for such tickets.

ArXiv.org
Openalex Percentile: Top 42%
Advanced Bandit Algorithms Research
Open Access PDFOpenAlex
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Finding good bets in the lottery, and why you shouldn't take them · ArXiv.org (2025) | TGRS Research Map | TGRS