How is the lottery EV+ here?
Because the payout is greater than the costs of the tickets.
All funds taken from ticket sales are directly added to the pot. On top, a 1% bonus is given too.
The payouts split 80%,15%,6%, which comes to 101% in total.
If eg 1
BTC is raised via ticket sales (10000 total tickets), Place one would be 0.8
BTC, Place two would be 0.15
BTC and Place three 0.06
BTC, all in all 1.01
BTCAnd thus you have +EV