I just entered Round 2. I wanted to give a different perspective on the numbers being presented by both Vreebn and Krazlam.
I think both can be partially correct—it mostly depends on what value you’re assigning to Xanax when you run the math.
A basic PI costs $475m if you’re buying it at the reduced price we’re discussing here (and yes, 475m for a PI is a thing. If you are seeing a PI for 500m, go check your education and complete LAW2910: Law of Property.)
Vreebn estimates that as roughly 590 Xanax.
$475m / 590 = roughly $805k per Xanax.
Honestly? That’s a feasible Xanax price. I’ve sold Xanax around there, and Vreebn previously stated that he sells it for around $810k.
At ~$805k/Xanax, the advertised structure works out almost exactly as stated: 590 Xanax toward the PI, 100 Xanax toward the four secondary prizes, and roughly 10 Xanax retained.
That’s a house margin of about 1.43%.
At $810k/Xanax, the rounding changes things slightly:
590 × $810k = $477.9m
If the PI actually costs $475m, that’s an additional $2.9m retained.
This is where Krazlam’s 35.8% number comes from. The originally stated 10-Xanax profit would be worth $8.1m, and $2.9m is about 35.8% of $8.1m.
So yes—the operator’s PROFIT increases by about 35.8%.
But that does not mean the lottery has a 35.8% house margin.
It means the house margin goes from roughly 1.43% to roughly 1.94%.
Now, Xanax prices fluctuate.
At Krazlam’s quoted MV of $847,573/Xanax, his 5.65% calculation is correct.
But if the Xanax are actually being sold around $830k, the margin is closer to 3.96%. At $840k, it’s about 4.93%.
So realistically, depending on the price at which the Xanax are converted to cash, we’re talking about something roughly in the 2–6% range—not 35%.
Personally, there’s nothing in that math that screams “scam” to me. It’s a lottery. Obviously it’s negative EV; otherwise there wouldn’t be a reason to run it.
For an IRL comparison, in the US, California has a lotto called the Powerball; it budgets/allocates roughly 50% of ticket sales to prizes.
In other words, from the player’s perspective, about $1 of every $2 spent is returned through the prize pool.
Using the same $2 example to compare to Vreebn’s. Lotto, that’s roughly:
Powerball: ~$1.00 of $2 returned as prize value.
This lottery: ~$1.92 of $2 returned as prize value.
At a ~$830k Xanax valuation, this lottery returns about 96% of its entry value through prizes.
Obviously Torn money and real money aren’t directly comparable, and neither lottery is an investment.
But, I mean, the Math does math and nothing automatically jumps out as immediately shady. It can sound shady depending on what numbers you choose to use and how you’re doing your napkin math…
Even if I don’t win, a roughly 4% house edge feels perfectly reasonable to me.
If you still don’t agree, cool, don’t play. I just wanted to reframe the numbers for anyone who saw all the math flying around and didn't know what to trust.
