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What Are The Odds of You Winning A Lottery?

16.10.2022 19:39
What Are The Odds of You Winning A Lottery?Image source PIXABAY

The lottery is the one thing that people always seek to achieve fortune. Surely, anyone would love to be rich. Have you ever dreamed about the same thing? 

People usually see the lottery as a pretty randomized thing; honestly, that’s quite true. There’s no technical ability you need to learn to win a lottery. All you need is pure luck, lots of them.

You must buy a lottery ticket to win a gigantic sum of money. Once the Goddess Fortuna is on your side, you can come home smiling widely. The total sum you can win varies in many aspects. But most importantly, it depends on who holds it. If the company is big enough to have a national lottery, the sum could be so much. 

Nowadays, you can find many lottery types, especially in the US. But the popular one is 50/50, meaning that if you win the lottery, you’ll get 50% of the tickets sold. Again, the same ranges from thousand of dollars up to millions, which is really intriguing.

So, What Are The Odds?

If you play something like a casino, playing in the Optibet Casino, for example, you may get a fat chance of winning depending on what games you are playing. For example, if you play blackjack, the winning odds are around 42.22% (according to MrGreen.com), with an average of 8.9%; that’s quite high, to be honest. The more you understand the way to play blackjack, the higher your chance of winning you’ll get.

However, you won’t meet the same amount of luck in the lottery. The chances are slim since you’ll be competing with thousands or even millions of people in your country (if the lottery is national). And since there will be only one winner who takes it all, the amount will be much larger than you imagined. 

Let us take an example here. If you pick six numbers out of 49 possibilities, the chance of winning the jackpot is as small as 1 in 13,983,816. If we use the basic mathematic rules, you may gain an absolute win once every 269,000 years if you buy one ticket every week. But do you live that long?

Thus, to win the big prize, you need to be extremely lucky. Yes, extremely. 

So, should you need to spend a lot of money on lotteries? Well, all we can say is that there are so many better alternatives if you want to try to win a big game. Casino games, whether it’s offline or online, have much better, at least in terms of winning possibilities. 

Investing is another alternative to gain money without working (just like buying a lottery). Yes, look at some company stocks you know and are familiar with. You’ll gain a yearly profit of almost 8% by multiplying your capital amount. And we think it’s an absolute win. If you start compiling the capital and leave the profit to be untouched for years, the amount will easily surprise you. It’s as if you win the lottery itself!



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