Originally Posted by
ynot
I didn't want to derail the other current Lotto thread so have started this thread to ask . . . What is the better bet?
One attempt at winning with 3,838,380 to one odds for the attempt, or ten attempts at winning with 38,383,800 to one odds for each attempt?
Or are they both the same?
You actually need to be more specific about your setup. The latter has a slightly higher chance of never winning. But it also has a very small chance of winning more than once. So if winning twice is twice as good as winning once, then the two are equivalent, but if winning twice isn't twice as good, then the former is better than the latter.