Alexander D. answered • 03/14/19

Experienced Quantitative Analytics Specialist

Net Winnings = Expected value of return - Cost of Ticket

The cost of ticket is $1. The expected value of return can be computed as:

3,000 * (1/10000) + 500 * (4/10000) + 10 * (50/10000) + 0 * (9945/10000) = .325

So, the expected value of net winnings is .325 - 1 = -.675