Unusual bets and prop wagers

What's the best way to compare a silly long-shot bet and a lottery ticket?

Direct answer

Compare entry cost, actual odds, payout and expected value, not the headline prize or entertainment story.

How to use this answer

This answer is based on the mathematical principle or published rule identified in the source below. If the question involves a live betting market, confirm its settlement definition before applying it to a specific bet.

Novelty and prop markets depend on their written definitions. Find the precise wording, qualifying period and published result source; an ordinary sporting rule does not always decide how a novelty bet settles.

Reference: wizardofodds.com · published rules or source ↗