Finding good bets in the lottery, and why you shouldn't take them
Finding good bets in the lottery, and why you shouldn’t take them ArXiv ID: 2507.01993 “View on arXiv” Authors: Aaron Abrams, Skip Garibaldi 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. Keywords: lottery ticket, portfolio analysis, expected return, investment strategy, risk allocation, lottery tickets ...