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What are some notable scams in history that went unnoticed for so long? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 year ago

Lottery’s the expected value is always lower than the prize of a ticket.

I mean, of course it is? Zero-effort sources of income kind of have to have a net negative expected value. Or else nobody would have any reason to do anything.

Now you could definitely argue that the low-odds of winning aren’t made entirely clear to the customers, but I know a lot of people pay their $2 a week just for the high of fantasizing about what it would be like to win.