Buy All the Lottery Tickets? Someone Really Did: Weekend Edition

March 8, 2025, 1:00 PM UTC

This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads.

There Was a Texas Lottery Arbitrage — Matt Levine

I assume it is rarely a positive-expected-value play to buy every possible lottery ticket, but not never. For instance, here’s how Lotto Texas works:


  1. You pay $1 to pick six numbers between 1 and 54, and then the lottery draws six random numbers. There are thus about ...




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