Showing posts with label odds of winning the lottery. Show all posts
Showing posts with label odds of winning the lottery. Show all posts

Thursday, November 4, 2010

Lottery Myths Busted

1. You are more likely to be hit by a lightning bolt than winning the lottery!

Although this may be true of some lotteries for the vast majority of them it is not. In an article in Public Gaming International magazine back in 1997 it was shown that this myth is totally untrue by a doctor of physics and a lottery commissioner for Iowa Dr. Edward Stanek.

In the USA in 1996 ninety-one unfortunate people were struck by lightning and died as a result. However, 1,136 people became million dollar lottery winners, 4,520 won $100,000 or more in American lotteries.

Then there are many , many thousands of players who won over ten thousand dollars.


2. Lotteries are a way of taxing people.

Taxes are levied by governments to pay for the running of the country and to cover national debt. Lotteries on the contrary are voluntary and they are usually owned by private companies who make a profit from them.


3. The lottery is used to entice the poor to part with their money.

No company targets their product to people who can't afford to buy it!

I'm sure you read or heard about the parents or family members of famous people winning the lottery (were they poor before they won?) or even millionaires or the very wealthy winning a lottery! It is not just the poor who play and win.


4. The only people who get any benefit from playing the lottery are those lucky people who win big!

Although this is one of the most popular myths about lottos it is by far the easiest to bust.

Not only winners benefit from the lottery. For instance all the big lotteries have some kind of charity donation scheme. For example the National Lottery (UK lotto) is involved in many charity projects and national business creation projects. It also invests heavily in growing business with the whole of the UK.

Retailers who sell lottery tickets get a commission on the sale. Lotteries create jobs. Many different types of jobs are created because of the lottery even ones that may not be apparent at first glance. Advertisers get paid for lottery advertisements which helps create and sustain employment.

At the end of the day the lotto is also a game and games bring enjoyment. Is it worth a buck or two to enjoy the experience?


5. The lottery promotes compulsive gambling and is responsible for creating more gamblers.

Anyone who has personal experience of someone with an addiction knows all too well that people with addictive personalities disable certain characteristics. Almost all addictions have their foundations in mental, emotional and physical causes.

Surveys have shown that gambling addiction is not affected by the presence or the absence of the lottery. Very few compulsive gamblers are satisfied with lottery gambles and seek much more immediate and larger scale bets.

Saturday, September 18, 2010

How Would You Spend A Lotto Prize?

Imagine for a moment that you won a big lottery prize. Visualize how you would feel joining the ranks of all those other lucky lottery winners. I am inviting you to expand your vision. I am not talking about a measly million or even two. We are referring to multi-millions of dollars or pounds in very big draws. I am sure you can think more than a few things you could do with all that cash.

Do you know how you would use all that money? Are you sure in yourself what way you will divide a portion of your money between family members and friends? We all know of cases where people won the lottery just to lose it all and end up broke. All of us have heard about men and women who had their lives ruined because they did not handle their lotto wins correctly.

You do not want that to happen to you.

But avoiding this is easy. All you have to do is be prepared. Having a simple plan for your winnings before you win them can mean you avoid the curse of the lottery winners!

Doing this also puts you into a great emotional state and is very pleasant to do. Immersing yourself in the pleasure of experiencing a lottery win is a great deal of fun.

Doing this little mental exercise also prepares you for success. Believe it or not our thoughts and feelings have much more impact on our lives than most of us give them credit for.

Thoughts are driven by feelings and thoughts drive your actions. It is your actions that determine you results!

If you fail to follow my advice then at least do this - if you win and have no plan for your winnings do not let your name be printed and made public. When everyone hears of your good fortune it is surprising how many friends you suddenly have!

But you should really have a plan for what you will do with the money. You can do this by living the dream in your mind now. It may prove to be the best time you ever spent when you watch your lottery numbers come in!

Friday, July 9, 2010

Using Probability And Wheeling to Win The Lottery

If you truly want to increase your odds of winning the lottery then you need to do two things. Firstly you can increase your odds of winning by working with the laws of probability. You can accomplish this very easily. You can also play more lottery numbers than you usually would. Using a mathematical system you can pick more numbers than usual and ensure they all end up together on a ticket.

It is truly possible to play the lottery and give yourself a better chance of winning by picking more numbers than you normally would. "Wheeling" is the term used to refer to the act of picking more numbers for the lotto than normal and then combining them on different tickets to ensure all possible combinations are covered.

Wheeling numbers is a great way to increase your chances of winning because you get to play with more numbers than usual. If you play the UK lottery, or any other 6 from 49 lotto, you would be pick more than 6 numbers for your wheeling system. The amount of numbers you pick is determined by the amount of money you are willing to spend on lottery tickets.

You then create combinations of these numbers so that every possible combination is on a ticket. That means you have a better chance of winning a big prize because you are working with more numbers. You will also win more than one prize when you have winning number combinations because they occur more than once in your ticket combinations.

When you wheel numbers you must be prepared to buy more tickets. However, in a 6 from 49 lottery (as an example) wheeling 7 numbers (1 more than normal) will only cost 28 UK pounds but will increase your odds of winning the jackpot from 14,000,000:1 to only half a million to 1 - just by adding an extra number and wheeling the combinations!

Increasing your odds of winning the jackpot prize is a great benefit of using a wheeling system but it is not the main reason for using one. You see if you pick even the minimum amount of winning numbers then you are guaranteed many smaller prizes because those numbers will appear on more than one ticket.

When you add a wheeling system to any other system designed to work with the law of probability you increase your odds of winning even more - sometimes unbelievably!

There are complicated and sophisticated mathematical engines that are used to do this but for the sake of illustration think of lotto "hot numbers". You can find lottery hot numbers on the lottery website. These numbers are just numbers that come up in the lottery more often than the others or certain combinations of numbers that come up consistently together.

Use the law of probability and a good wheeling system to improve your chances of winning and watch what happens.