“I used to work for an Options Trading firm, and the traders there all thought this way. They would ignore the lottery until the payout exceeded the odds, and then they would all rush out to buy tickets. None of them won, of course.”
I have a similar system. I don’t worry about the odds, but I don’t play unless the jackpot becomes really large. It keeps me from throwing away money, not that I wouldn’t mind winning a low paying jackpot.
I have a cousin who won when it was at 11 or so million. His wife divorced him, he became a hermit, and he doesn’t talk to anyone now.
One of the things that irritates me about lotteries is that the government takes about 40-50% for taxes...for doing nothing. Buy, what’s new under the sun?