Who can honestly say they haven’t daydreamed of winning the lottery and taking a grand vacation for the rest of your days? Well, this dream does actually come true for a very small percentage of people every so often! Billions of dollars are spent on lottery tickets every year, and that should tell you just how many people are in contention. As per some statisticians, you are thousands of times more likely to be struck by lightning than to hit the lottery. But hey, someone has to win it right?
What are the odds of winning?
Winning the lottery certainly takes an enormous amount of luck. It is after all, a game of chance.
Your odds of winning the lottery can be calculated, and those odds are not good at all. So, if you were to win, it would be fair to say you are one lucky person! The odds of you winning a jackpot prize depend not only on how many winning numbers or combinations you need to have on your ticket, but also on how many people have bought tickets to that same draw. The higher either one is, the less your chances of winning the jackpot.
To give you some perspective, let’s consider a well-known lottery, the Powerball. Your chances of winning the Powerball with one ticket are one in 175 million.
Is there anything you can do to increase your odds?
Let’s be honest, the odds of winning the lottery are pretty terrible. You would never bet on a sports team with those odds, but still, millions of people take part in national lottery betting. So is there anything you can do to improve those odds and give yourself more of a chance to strike luck?
There are a couple of lottery theories that you could consider.
Choose your battles – You need to know how to pick your battles to give yourself a better chance of winning. When you go for the big national lotteries with millions of other people playing, your chances of winning the jackpot for yourself go down the drain. Smaller draws might have lower rewards in comparison, but your chances of winning them by yourself increase exponentially.
Second chance draws – your numbers may not come out golden in the first go, but they could turn up in a second chance drawing. So, as much as you can, you should take part in second chance games in order to give yourself a second shot at glory.
Loyalty to your numbers – The 7-time lottery winner, Richard Lustig, claims that you should not keep shuffling your numbers. Once you pick your numbers, stay with those numbers and play them over and over again. The mathematics behind his theory is complex, so whether you believe this one or not is up for debate!
On the other hand, if you are more interested in betting on something more realistic but less lucrative, let’s say horse racing, check out these top horse racing tips.
Gamble responsibly
However little they cost, lottery tickets aren’t free and they sure can be addictive as many will know first - hand. Just because it is government sanctioned, does not mean it is not habit-forming. In fact, it can be a real home wrecker if you lose control. Also, did you know that a study on lottery winners revealed that in the majority of cases, lottery winners don’t fare well with their windfall fortune and seldom are happier as a result of the win? So, play your lotteries, but remember to take it easy!
