It's interesting how people who never play the lotto normally insist on playing when they have a very miniscule chance of winning half a billion dollars, but would never consider buying a state lotto ticket that "only" pays out 2, 5, or 10 million dollars. I guess 5 million is just not enough incentive to got to the store and buy a ticket?
i would suggest that you don't play lottery at all. i have seen lotto games, especially thai lotto. All these lottos just the same, it dosent matter if you play in a $10 lotto or a 10 Million lotto. I will tel you how.
All these lotto games have this very important thing, they make you think that winning is so very lucky, they do this using friendly languages usually
i will show you how
lets say that i am running a lotto company whose tickets start from Thousand dollars.
I would say, "Pick 6 numbers, if you get all correct and the numbers andmatch the random computer all generated series of numbers you get 10 million, if 5 or 4 correct,10 thousand, Its a win win game, why not give it a try"
so if you calculate the probability of getting 5 correct digits, i am good at Statistical modelling and Probability, so i would go straight to probability,
(5^5)/(10^6) = 1/64
so there is a 1.6% chance of you getting 5 correct digits,
Now think again, when you read the advertisement of the lotto company, you thought that you can win,
Actually you have just 1.6% chance.
Take my advice, lotto is just another way to waste money, better you invest in something.
I had to comment on this because I was one of those powerball mania people. I've never purchased a lottery ticket, but I bought at least 20 when the powerball skyrocketed. It's that "go big or go home" mentality. I thought, "well it's worth it now." But, after everything was said and done, I wished that I had put that cash in my piggy bank. I agree with Abdul's post (above).
I have also been one of those powerball mania people. We usually get a group a work to go in on tickets. I always feel like i have to go in because i by some freak of nature they would win i dont want to be the only person showing up to work the next day. But i do agree with the previous posts. I should put my money in a savings acct.
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If you won 10 million dollars, what would you do?
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