Nordo wrote Powerball is usually a negative ev play. Are you kidding? Even at the record high I doubt it is positive after you take the huge tax bite. Powerball players don't get the special hedge fund manager tax rate.
Mr Crimm is correct when he says this is a tax on the poor and the math morons. Full disclosure I do contribute to an office pool when jackpots get high because I don't want to be the one guy left out. We only have an office pool when the jackpot gets really high and there is some entertainment value in listening to everyone's plans for their share of the jackpot.
--- In vpFREE@yahoogroups.com, "nordo123@..." <Nordo123@...> wrote:
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> Powerball is usually a negative expectancy play, however for people with a non-linear utility value for money (usually poor people) it might
> be a play. When you look at things from another persons perspective you learn.
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