The Chances of Winning A Lottery

Don’t worry, I’m not going to bore you to death with complex Math and Statistics. Instead, I’d like to share my own experience with you, hopefully, to help you make better and smart choices in life. As I write this post, my index finger and thumb, are covered in god know what material, after scratching the shit out of those NJ Lottery Scratch Tickets. $90 Total. WASTED. Didn’t win jack shit. But that doesn’t mean that you can’t win a lottery; it’s just way too too too too Fu*kin HARD !!! All the odds are stacked against us; cause lets face  it, if everybody started winning a Lottery, all these States would go bankrupt. From my observation, these scratch lotteries trick you into believing that you have a real chance of winning, hence causing you to buy more of those tickets, and scratch your life away. The big numbers, the ones that supposedly win you the Jackpots, are always 1-2 points UP/DOWN from your numbers. It’s the perfect way to motivate someone to buy a zillion tickets, especially if they’ve just missed a chance to win $200,000 by 1 point.

There are a lot of success stories, and real lottery winners; some of whom I know personally. But in reality, going OCD and binging on these lottery tickets is a sure shot way to go bankrupt (on a long enough timeline). I’m not saying that you should stop playing the lottery completely; it’s just that if you were to have a weekly budget set aside, lets say $20-$40, then it would be a Low Risk High Reward trade, that anyone would love to place. I’ve seen people spend $500+ on lottery tickets each week. That’s $2000/Month; $24,000/Year. Which, to majority of the people inhabiting this planet, is a LOT OF MONEY.

So my advice to you is: Be Smart and Spend Smarter.

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Wall Street Fool provides unbiased real-time market analysis and commentary for Stocks, Bonds, Futures, Forex, Fixed Income, and Derivatives markets.
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