Abstract:Quina Loto is one of the most popular lottery games in Brazil. Prizes are paid as a percentage of each drawing's revenues. After deductions and taxes, 34% of the revenues are destined for the payments of prizes on each drawing, 29% divided among winners and 5% saved in order to contribute for the major prize of the special drawing held annually, in June 24 th . Due to the low expected return on investment, lotteries are widely regarded as a bad investment decision. Experience, however, shows that the special d… Show more
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