Meet the concept↗
The net outcome for winning is $499, and the net outcome for losing is -$1. These values are derived by subtracting the $1 ticket cost from the $500 prize (for a win) and from $0 (for a loss).
Conditions: The ticket costs $1.; The winning prize is $500.; Net outcome is defined as prize minus cost.
3:00 – 4:36Watch this moment ↗
The net outcome for winning is $499, and the net outcome for losing is -$1. These values are derived by subtracting the $1 ticket cost from the $500 prize (for a win) and from $0 (for a loss).
Conditions: The ticket costs $1.; The winning prize is $500.; Net outcome is defined as prize minus cost.
3:00 – 4:36Watch this moment ↗