- “It’s a fools game!”
- “The odds are too small for you to make any money!”
- “You’ll have a negative expected value!”
Ok, you psychos – Since it’s CNY, I know about 89.2% of you are thinking of gambling and buying 4D/TOTO.
There’s just something about this festive period that brings out our inner God of Gamblers. Every year, hundreds of otherwise sensible, rational citizens take out our wallets and throw money at cards, majong tiles and yes, lottery tickets.
So let’s talk about playing the lottery. Most personal finance pundits will hear the word “lottery”, and then immediately start wagging their fingers and say things like,