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Money Management

Lotteries, Gambling & Odds

The math behind games of chance is unforgiving. This test covers expected value, house edge, lottery odds, the gambler's fallacy, and lump sum versus annuity payouts. Ten questions, instantly graded. Question one is on the house.

1

The expected value of a bet is...

2

The house edge is...

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3

The odds of winning a major US lottery jackpot like Powerball are closest to...

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🔒 Plus 7 more questions in this test

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