Pointless Math Stuff (or not)
Jim Green does some math stuff about buying more than one card. Written by Jim Green
This was a surprise when I first discovered the maths too.
Basically, buying one ticket when there are 99 other tickets gives you a 1/100 chance of winning. Your Expected Value (prize*probability of winning)-entry fee is 1-1=0
Buying two tickets when there are 99 other tickets gives you a 2/101 chance of winning 101. Your Expected Value is 101*(2/101) - 2 = -0.01
Article continued on: Bingo Welcome Bonus
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