This method helps to improve the expected value from a lotto ticket (though it's still far less than the ticket price), but I'm curious what happens if someone purchases one of every combination. I hear that the odds of winning are something like 1 in 292 million. If it's only $2/ticket, isn't it nearly a sure thing to buy 292 million sequential tickets? Aside from splitting the jackpot with others, your expected outlay is $584 million, and your return is ($1.5 billion)/(number of winners). As long as there are < 3 winners, your expected return is 1.5-3x your investment.
Aside from the feasibility of buying/tracking 292 million tickets and the risk of > 3 winners, am I missing anything?
Aside from the feasibility of buying/tracking 292 million tickets and the risk of > 3 winners, am I missing anything?