Is it possible to play the lottery with the mindset of an investor
Having gambled with the lottery over the last few years using quick pick, I determined there had to be a better way of increasing the chance to win instead of leaving it to luck. I believe so and have written a hub on how it is done. What do you think
I will disagree that the lottery is anything other than pure gambling in that you have absolutely no way of increasing your chances of winning. Each ticket or number or set of numbers have an equal chance of winning and that there is no way that a system can be developed to pick one with a greater chance of winning.
You have mentioned in your hub that there have been inconsistencies in the numbers drawn in the powerball lottery. You might be on to something if the numbers are electronically generated and can be shown to be non random. Anyway, you would probably need to do a bit more number crunching before coming to a more certain conclusion but I fear that you do not have a sufficient sample size.
Anyway, good luck to you and if you find with absolute certainty that the numbers are non random, I'm sure that we will not be getting a hub from you about that.
If the lottery is truly chance as in the random drawing of numbers, then no I don't think it will make a difference. Now, as to the mindset of an investor--a person that is well-schooled in investing rarely gambles. They do their due diligence in researching and watching trends before putting money in a particular vehicle or market.
Usually one who invests also has a preconceived expectation of return. It would be very difficult to see any return on the lottery "investment."
Is investing gambling? I suppose if a person invests in risky funds or stocks, then yes, it is a gamble but certainly more exciting then having it all set in a savings account.
Nothing wrong, I think, because many investors put their money in investment, as though it is a lottery!
wow that must be an interesting hub but I think playing the lottery is gambling not investing!
No. If the lottery had losses, paying out more than it took in, it would shut down. Lotteries are a tax on those who are bad at math. Save the money and put it in a bank account. Or pay off your debt - the rate of return on that is the interest rate you are paying on the debt.
As an investor, the goal is to build wealth. There is no guarantee a decision to buy a stock, coin, collectible, bond, artwork, or lottery ticket will generate profit. When selecting an investment, it is best to reduce the risk allowing for a greater opportunity for gain. This requires a personal committment to study the vehicle you have chosen and important to remember to invest only what you can afford to lose. Thus the lottery is a small part of my investment portfolio. Spending $4.00 on each powerball draw considering patterns I have discovered Ithen use with the hope it will increase my odds. You can't win if you don't play. Yet limiting your investment with some strategy may offer the best way to play the lottery without a huge loss that comes from gambling. It is my investor mindset that keeps me grounded to not exceed the limits established or invest without first verifying the patterns.
Great question and good hub. But I'm not convinced that one could play the lottery with the mindset of an investor. When investing there are real companies that sell products and services that have value. Many of these companies create jobs whereas lotteries add another task for the thousands of actual sellers. Yes, lottos create jobs but the numbers are few in comparison to most of the companies whose shares are sold on the stock market. The value (product or service) of the lottery is apparently the dream.
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