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WYR $1 million now or every day your chances of winning $1 billion increase by 0.005%?
(lemmy.dbzer0.com)
this post was submitted on 25 Oct 2025
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More of a general assumption tbh. Lets assume that each day having a chance of say 10% to becoming a billionaire is plenty likely enough. 10/0.005=2000. 2000/365= ~5.5yrs. So its fair to assume you will need much less than a decade before it's incredibly likely.
Yeah, we took different assumptions. You assumed a daily probability, I assumed cumulative.
The OP mentioned in another comment that the draw is once a year
Also, it's 0.005 increase in the chance per day. If you start from zero, then 0*1.005 is still zero. Even after 100 years, still zero.
But let's assume you start from 0.005, then the next day your chance would grow to 0.005*1.005=0.005025. it'd take extremely long for the chances to be reasonable