I have a theory that buying one ticket is still throwing your money away, but the amount is small and buying one ticket increases your chances from zero to something more than zero. The second ticket will increase your chances by a much, much smaller percentage.
So, if you have a dollar to burn, go ahead and burn it. But stop there.
I know some folks can’t stop there, though.
I won’t even spend the dollar.
I did sign Elon Musk’s petition, though. If I get a million dollars, well, I’ll sing that song:
If I had a million dollars
If I had a million dollars
Well, I’d buy you a green dress
But not a real green dress, that’s cruel
And if I had a million dollars
If I had a million dollars
Well, I’d buy you some art
A Picasso or a Garfunkel
My theory is if your playing lotto for any other reason than for entertainment purposes you shouldn’t be playing at all.
Anybody that’s playing because they NEED to win is bad juju.
Of course, just like any other form of gambling, it can very easily become an addiction.