Published On: Fri, Jan 15th, 2016

Should You Play Powerball? Science Solves The Mystery

The idea of “worth it” is a subjective one to most people, but from a scientific/mathematical standpoint, it has a very particular meaning.

-powerball-lottery-tickets-for-chart-monster

Playing the lottery is the ultimate low-risk, high-reward scenario. If you lose, you’re only out a few dollars: the cost of your bet. But if you win, even though the odds are stacked against you, the payoff is a lifetime of easy living. This evening, Wednesday, January 13th, will mark the richest lottery jackpot in history, with the current Powerball jackpot at a whopping $1.5 billion, a new record in lottery games worldwide

In order to win, you need to match five normal lottery numbers — white balls numbered 1-through-69 — plus the Powerball: a red ball numbered 1-through-26. Each Powerball ticket costs $2, plus you have the option to pay an extra $1 to activate the power play, a multiplier that increases your payout for non-jackpot prizes.

But what does mathematics have to say about this? In particular:

  • What are your odds of winning each individual combination?

Read the full story at Forbes, by Ethan Siegel 

Read more about: ,

About the Author

Wordpress site Developed by Fixing WordPress Problems