Category: Life Tips

Huabei and Baitiao do not report to the credit bureau; Suning does, credit cards do, WeBank does, and applying for an ICBC merchant payment code also shows up on your credit report.

Multiply the expected winning amount by the probability, and you get a figure that's bigger or smaller than the cost of buying this lottery ticket (the underlying asset).
If it's bigger, keep buying — buy in bulk. That's called risk-free arbitrage. If it's smaller, whoever buys is just throwing their money into the water.