Sometimes, a lottery ticket is well worth the money

Lottery Tickets

A lottery is a tax on the stupid If I had a dollar each time that phrase was mentioned, I think I would be rich enough to not need a lottery win ever! Anyways, it is absolutely true that, mathematically speaking, buying the lottery is mostly negative EV (Expected Value). The EV ranges from 0.3 (30 cents ...

MIA Duty Free Shopping 2014

Duty Free Americas Shopping

On the way back from vacation, I stopped by MIA (Miami International Airport) and snapped some pictures of their duty free prices. Biggest Savings Percentage 3. Knob Creek Bourbon Whiskey - 46.73% Duty Free Price: $29 USD LCBO 1L Equivalent Price: $62.60 CAD Savings Percent (CAD): 46.73% 2. Johnnie Walker Red Label - 48.16% Duty Free Price: $18 USD LCBO 1L Equivalent Price: ...

DCA Duty Free Shopping 2014

Duty Free Americas Shopping

I stopped by the Ronald Reagan Airport (DCA) at Washington DC during the summer of 2014 and had some time to snap a couple of pictures of Duty Free Americas alcohol prices. I also have a chart of prices and savings compared against LCBO in Canada. Biggest Savings Percentage 2. Smirnoff Vodka - 55.13% Duty Free Price: $13.50 ...

Shopper’s Drug Mart Surprise Bonus Points Event

Shopper

Description: On Saturday July 26 to Monday July 28, Shopper's Drug Mart is offering a new surprise points event. Spend $75 and get either 18,500, 38,000, or 50,000 points! The odds of getting the points are as follow: 176,000:185000 for 18,500 pts (95.1%) 6,300:185000 for 38,000 pts (3.4%) 2,700:185000 for 50,000 pts (1.46%) Analysis: The expected value (EV) for this event is: (176000/185000 ...