Even a positive expected value pick-3 has about half of people ahead, half behind after 20 years of daily game play.
Thinking about how the unbanked use pick 3 as a way to "save" money that otherwise would be lost to alcohol, theft, inflation.
It could be structured to pay out a year after the bet so that the house could earn interest like a bank & pay out some of it to bettors.
It converges so slowly.
(Not to be confused with real world savings accounts where you earn 0% interest or win all the interest earned by a pool that would have be paid out individually. This is used to encourage people to save money in a bank when the interest rate is 0.0001% and people will buy a bundled lotto ticket, but not give a f*k about the 10 cents of interest they'll earn if done as per usual)
♡ 0 ↻ 0