Thursday, 18 October 2018

Will Poker Players Line Up To Make Minus-EV Mega Millions And Powerball Plays?

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US poker players normally try to avoid minus EV plays like the lottery, but even the most mathematically savvy are sure to be lining up to buy tickets for the record $868 million Mega Millions jackpot up for grabs in Friday’s draw.

At 649,739 to 1, the odds of a hitting a Royal Flush on PokerStars NJ or WSOP.com Nevada are much better. However, the 1 in 302,575,350 odds of winning the Mega Millions jackpot won’t stop most EV-conscious poker players from spending at least a buck to try their luck. After all, the second-largest jackpot in US multi-state lottery history is on the line.

Lottery blitz

And, if you think poker players are above trying to give themselves a slight edge by gambling big on a slew of tickets, remember that Instagram hero and high-stakes Hollywood cash game killer Dan Bilzerian spent $100,000 on tickets chasing an estimated $1 billion Powerball jackpot back in 2016.

Bilzerian also turned it into an Instagram giveaway, promising to give five people $1 million each if he won. He didn’t.

According to Poker Strategy’s Barry Carter, 11 poker-playing buddies in San Joaquin County, California hit five of six numbers on one of the $220 in tickets they...


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from Safest Online Poker Real Money https://www.uspoker.com/blog/poker-players-mega-millions-powerball/24853/
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