Comment: Re:Odds are low, but prize is big (Score 1) 301
I may only have a 1 in 28,633,528 chance of having a winning ticket, but really it's the only realistic chance I'll ever have to get $50 million.
Anyway I can afford to occasionally gamble the $5 for the minuscule chance of that $50 million.
If those are the odds, and a game cost $5, and you could win over $500M, then buying a lottery ticket starts to make statistical sense. I don't know anything about the lottery in question though... are those the actual odds or just a number you made up for illustrative purposes?
Those odds are for the Lotto MAX in Canada I believe. Top prize is capped at $50M with any extra being more $1M draws.