Odds of Winning the Lottery
Two different lotteries have large jackpots and each have odds of winning of 1 in 300,000,000. Jackpot A has a cash prize of $730M and Jackpot B has a cash prize of 850M. Which strategy will give you the best odds of winning if you want to buy two tickets.
A. Buy 2 tickets for Jackpot A
B. Buy 2 tickets for Jackpot B
C. Buy 2 tickets for either Jackpot
D. Buy 1 ticket for Jackpot A and 1 ticket for Jackpot B
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1 solution
Buying one ticket for each jackpot results in odds of 2 in 600,000,000, clearly not the best choice.
Any of the other choices result in odds of 2 in 300,000,000 so C is the most accurate answer.
The amount of prize money might make the best return on investment but does not improve the odds.