Because no one can afford or get approved for a $176MM loan. I think your math is off too, its only 1:1 if you are the only person in the bidding pool, no? which is not going to be the case.
Originally Posted by JLuke
Odds of winning the lottery 1 in 176 million
Amount of jackpot 540 million, or about 350mil for cash in hand
Step 1. Go get a loan for 176 million dollars, buy one ticket for every single possible combination of numbers
Step 2. Now have a 1 in 1 chance of winning lottery
Step 3. profit
I'm a genius, why hasn't anyone thought of this before?