|
How to win the Lottery
Well, I see alot of people win lotterys every day are so. I want to know if I was to play everyday is there a chance of winning like the megamillions those type of things.
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Personal Finance?
Single state lotteries usually have odds of about 18 million to 1 while multiple state lotteries have odds as high as 120 million to 1.
Basically, you have no chance. If it was really that easy, don't you think everyone would be millionaires? Sorry =/
]
I heard..
You have better chances of getting into a car accident, plane accident, or struck my lightning, than to win your lottery.
I wouldn't waste your money on it..
Lotteries are designed to make people lose money.
You could try though..
]
The lottery is basically a tax on people bad at math. The chance of winning is incredibly low, but obviously not zero. To give you some crude numbers as an example, say the lottery winner gets 1000000 dollars. The chances of winning are 1/10000000000. What this means is, youd need to buy 1000000000 tickets to be guaranteed a win. At $1 a ticket, youd be losing a lot of money. Even if you wanted a reasonable 25% chance of winning, youd still need to buy too many tickets to actually earn money. If you play every day for 50 years thats 18250 tickets. Not enough to have a good chance.
]
More Questions: |