Friday, July 12, 2013
NotSureLeh: Does iBet lottery ticket offer you more value?
The answer will be a big fat no-no. The expected value of a $1 "Big" ibet ticket is around $0.658, which is slightly lower compared to a normal "big" ticket, same goes for the "small" type of bet. Hence, it actually makes no different if you chose to bet using the ibet or normal type 4D in the long run, as you are statistically going to lose the same amount of money.
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