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November 21st, 2017, 04:57 AM  #1 
Newbie Joined: Nov 2017 From: london Posts: 1 Thanks: 0  single probability vs multiple
Hi If i wanted to play a game that had a 3.4% change of winning for a £5 ticket v's another game with the same 3.4% chance of winning but only cost £1 for a ticket is the better game to play the 2nd choice with 5 single tickets? and if so how would i calculate the probability if i bought 5 tickets. thanks 
November 21st, 2017, 12:03 PM  #2 
Senior Member Joined: Dec 2015 From: holland Posts: 163 Thanks: 37 Math Focus: tetration 
The chance stays the same.

November 21st, 2017, 01:28 PM  #3 
Global Moderator Joined: May 2007 Posts: 6,527 Thanks: 588 
The multiple ticket game has 6 possible outcomes i.e. winning 0,1,2,3,4,5 each of which has a different payoff. The average payoff for either game will be the same.


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multiple, probability, single 
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