Lotteries first appeared back in the 15th century, or so it seems; and since the 1960s, they have been getting ever more popular in developed countries. They usually have low odds; but this doesn’t really matter much. For the majority of people who want to hit a lottery prize, the kind of stakes at issue is less significant than the actual possibility of winning the game!
This may seem insane, but 21% of Americans consider lotteries as a means of improving their well-being, even if they know the odds of winning are low. The chances of getting the jackpot in the biggest lottery in history of the US (Powerball) is 1 out of almost 300 million, with smaller prizes also having unfavorable odds (1 out of more than 700,000 for $10,000). But even so, what matters to most of those who are out there chasing their luck is the large payouts: the Powerball’s record $365 million jackpot never fails to attract crowds of eager gamblers! So you can easily see what the fuss is about, and the degree to which people are obsessed with the idea of making a fortune by predicting the right numbers watching the vast body of lottery movies out there.
The first thing you need to know is that there are no reliable methods for winning. Even with exceptional math skills, you can only calculate the odds and probabilities, but you won’t have anything to do with these in order to get a jackpot. Indeed, a lottery is hardly even a game: you’re not playing against anybody, and there are no particular processes you have to get acquainted with apart from buying a ticket, crossing the numbers, and waiting for the results.
Googling a few tips, you’ll come across many articles that say you should not play at all, and that this is the only guarantee you won’t lose money. This is not the best strategy if you do want to have fun, though: play the lottery to feel the rush, but don’t expect any artificial strategies to work for you!
It has now become clear that betting strategies won’t help you win; however, they can increase your chances of not losing very much. Richard Lustig, a seven-time winner of the state-sponsored lotteries, has shared some tips from his own experience:
Another lottery genius, Stefan Mandel, recommends applying a math-driven approach:
Mandel managed to win $1.3 million, and after paying all the investors who helped him, he ended up with a pretty decent amount of $97,000.
Don’t expect to cash out all the money you’ve won. About 30% of your winnings will be taken by federal and state taxes, which makes the lottery a game with a negative expected value. There’s always the risk your feelings of rampant excitement will supplant the more rational approach you want to be taking here; but it’s important to stay calm!
Even though many mathematicians have thoroughly explained the lottery odds and the odds of winnings aren’t very promising, people tend to believe that some schemes can guarantee them huge payouts. Some even go so far as to buy some tools claimed to bring lottery winnings. So here are some betting systems people are often mistrustful of:
There are several ways of increasing your chances of winning the lottery. One of them is, in many ways, rather like Mandel’s scheme with the investors (as mentioned above). I.e., you can join some lottery pools. Your family, friends, or colleagues can team up to win a jackpot. There are many stories of successful lottery pools; there even was an incident with a whole village investing 20 euros and winning 400 thousand each!
Also, you can increase a possible payout by picking rare numbers. This won’t impact your winning odds even a little bit; but if you do finally strike it lucky, you’ll certainly end up hitting it big; because with the same numbers, you’ll have to split the prize with all the other people who’ve picked them.
A couple more things: always double-check the numbers, and don’t underestimate the importance of second chance games!
All of us have dreamt of winning it big in Las Vegas, and since not everyone had an opportunity to play at its famous casinos, we decided to create a list of the ones who did and became famous. In Las Vegas, dreams come true, and it is never too late to give it a […]
There are many different betting options in the game of roulette. And every new player who is only beginning his or her roulette playing adventure is eager to learn about the payouts, so they can find about what they can actually count on getting if they win. Equally, some experienced roulette players might even have […]
Before you even consider cheating in a casino, read this article. You may also want to find out more about different roulette cheaters, what they did and the consequences of their cheating. As famous Italian singer Andrea Bocelli said, “…nothing happens by chance. Even the idea of the ball in a roulette game: it’s not […]
When it comes to sports betting, nobody can beat Jon Price! This outstanding guru has built his fortune on a flawless system that allows him to predict the outcome of any sports event. His natural talent and charisma have led him to the very pinnacle of the gambling world, catapulting him to various leading positions […]
If you love gambling and have been to a land-based casino at least once, you may have thought about becoming a dealer. Playing the same game but from the opposite side, while communicating with other players, sounds like a dream job, right? A dealer is a straightforward job, and you will be the heart and […]
On Monday September 14, MGM announced that it plans to open its first smoke-free casino at the end of September, when Park MGM will finally reopen its venues to players and tourists. The resort comprises around 2,990 rooms and various restaurants, and it’s set to be reopened on September 30. The venue has been closed […]
Online gambling has undoubtedly taken a place of true supremacy over the casino industry during the pandemic. And the reason for that is quite clear: online casinos are more accessible, and you can always count on some encouragement from the casino administration to help you boost your game. However, this digital revolution has only been […]
The large selection of online gambling sites out there can make players somewhat puzzled, and give them a feeling of uncertainty about making the right choice of casino. Each online gambling venue offers its own conditions, games, and various bonuses, of course; but the most important thing is the reliability of the casino and the […]