Abstract

Under the assumption of random number selection, higher moments of a lotto ticket payoff seem to exhibit a peculiar behavior; variance (and probably skewness) as a function of the number of bets rises up to some number before approaching towards its limit from above. A closed form expression is obtained by means of a hypergeometric summation algorithm and is still too cumbersome, and the peculiar behavior of payoff variance (and probably skewness) is based on a conjecture.

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