I think that if the tickets aren’t for a single shared prize then buying identical tickets technically has the same (low) rate of return as buying different tickets…
Compared with buying two different tickets, you cut your chance of winning in half but double your potential payout for winning (leading to the same expected return).
I think that if the tickets aren’t for a single shared prize then buying identical tickets technically has the same (low) rate of return as buying different tickets…
Compared with buying two different tickets, you cut your chance of winning in half but double your potential payout for winning (leading to the same expected return).
This is only true if your win isn’t the jackpot.