Gambling
Broke the bank at Las Vegas, or won a packet of smokes for getting your tinkle out in class? Outrageous, heroic or plain stupid bets.
Suggested by SpankyHanky
( , Thu 7 May 2009, 13:04)
Broke the bank at Las Vegas, or won a packet of smokes for getting your tinkle out in class? Outrageous, heroic or plain stupid bets.
Suggested by SpankyHanky
( , Thu 7 May 2009, 13:04)
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Except....
If I recall correctly, 50p of the pound goes to the jackpot, 50p to the lottery fund/taxes/comission, so the expected winnings is always 50p (given people playing each week).
The expected winnings on a single rollover is around 75p, since the rolled over jackpot adds to the prize fund (it ends up being somewhat less due to the extra interest).
( , Sat 9 May 2009, 16:27, 2 replies)
If I recall correctly, 50p of the pound goes to the jackpot, 50p to the lottery fund/taxes/comission, so the expected winnings is always 50p (given people playing each week).
The expected winnings on a single rollover is around 75p, since the rolled over jackpot adds to the prize fund (it ends up being somewhat less due to the extra interest).
( , Sat 9 May 2009, 16:27, 2 replies)
Not quite
The 50p goes to the prize fund - a large chunk of this is payable to the jackpot winner, but most of it goes to other prize winners.
If nobody wins the jackpot, only the jackpot portion (32%?) rolls over. So, assuming exactly the same number of people play the next week, the expected return is something like 66 pence in the pound.
( , Mon 11 May 2009, 10:49, closed)
The 50p goes to the prize fund - a large chunk of this is payable to the jackpot winner, but most of it goes to other prize winners.
If nobody wins the jackpot, only the jackpot portion (32%?) rolls over. So, assuming exactly the same number of people play the next week, the expected return is something like 66 pence in the pound.
( , Mon 11 May 2009, 10:49, closed)
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