Value of supply in case of lottery, betting, gambling and horse racing

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The rules of probability dictate you do not increase your lottery odds by playing more frequently, nor by betting larger amounts on each drawing Each lottery

1 We surmount the issue of serial correlation by observing an exogenous shock to lottery gambling Using data from the Texas Lottery, we show that in the month lottery tickets specifically are really crappy high riskhigh return investment obviously most people try to avoid investments with a negative

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