2 papers
econ.EM2018
Does it Pay to Buy the Pot in the Canadian 6/49 Lotto? Implications for Lottery Design
Steven D. Moffitt, William T. Ziemba
Despite its unusual payout structure, the Canadian 6/49 Lotto is one of the few government sponsored lotteries that has the potential for a favorable strategy we call "buying the p…
econ.EM2018
A Method for Winning at Lotteries
Steven D. Moffitt, William T. Ziemba
We report a new result on lotteries --- that a well-funded syndicate has a purely mechanical strategy to achieve expected returns of 10\% to 25\% in an equiprobable lottery with no…