Mr. Scholfield tells us how the lottery is not a very good bet. He references a survey that tells us how about half of us believe we have a better chance of obtaining a retirement nest egg through winning the lottery rather than by saving and investing.
He then tells us that the large majority of those playing the lottery are poor and don't have college degrees.
What Mr. Scholfield writes is true. I'd like to illustrate in more detail just how true it is.