Quote Originally Posted by James989 View Post
A lottery game, bet size $2, Mega jackpot value = $26 million, mini jackpot value = $430k and other 3rd($166), 4th($66), 5th($26)prizes

Bet size $2 will NOT return either you hit the jackpot or not. My calculations(and simulations) show that the player edge = + 16%, Var = 43,000,000(yes, 43 million !).

Bankroll is $500k, how to bet under such scenario ?
Lottery is a big chance of money loss