Sunday 1 November 2009

Lotteries - from rags to riches or the other way round?

It has always seemed to me that lotteries managed to be at the same time a great entertainment and challenge and a terrible waste of time and money.The big prize lotteries give you the chance to millions of people of winning life-changing huge prizes. But how often and how long do you have to play before you see the cash?

Of course the odds against this happening are enormous, well but truly the chance is there.

So why are some lotteries a terrible idea? I have a problem with the flood of smaller daily pools and scratch cards. Take a typical pick 3 where the prizes are fixed so no opportunities created by rollovers. Typically the odds against winning are 1000 to 1 yet the top prize is $500. And how about this way of doubling your winnings? Select your numbers but instead of buying a ticket, put $1 in a moneybox at home. Do this every day and check the results.

This is simple but effective. Make sure you do put the dollar in the box and of course make sure you do not spend it. Have perseverance! I guarantee you will be able to save a considerable amount for a cheap holiday or a weekend away in no time...


Remember the old adage "Don't give up the day job". Nevertheless you can have a bit of lottery fun and you should make sure get the most out of your fun dollar.

No comments:

Post a Comment