The conversation between human and AI assistant.
What is the probability of winning a lotto?
Is there a way to calculate my expected winnings?
Yes, you can calculate your expected winnings by multiplying the probability of winning with the prize amount. For example, if the probability of winning is 1 in 14 million and the jackpot is $10 million, your expected winnings would be 10 / 14,000,000 = $0.000714.