You can’t win it if you are not in it – lottery odds in perspective
At the time of this press release, the next US Mega Millions draw is closing in on $250 million and its sister lotto – US Powerball standing at $176 million. Elsewhere there are lotteries in Europe like Italy’s SuperEna Max offering a tax free jackpot of €148 million ($175 million). With these top notch jackpot prizes on offer, it is no wonder why people are rushing to get a chance of winning the big one.
Is winning the lottery realistic?
The odds of winning the Mega Millions jackpot is 1 in 258,890,850. Although the odds of US Powerball is smaller, it is still a long shot at 1 in 175,233,510. (To understand how to calculate odds for any lottery draw, check this Lottery Odds resource site).
Now consider the chances for these events to occur:
- 1 in 20: Being dealt a natural blackjack when playing 21
- 1 in 12,500: Hitting a hole in one in golf
- 1 in 88,000: Dating a supermodel
- 1 in 650,000: Being dealt a royal flush
- 1 in 1,900,000: Being killed by lightning in the US
With odds of winning a lottery jackpot astronomically high, why do people play? Well it is the allure of paying off all our debts, sharing our fortune with family and friends, changing our lifestyle for the better and securing our retirement among other things.
Looking at numbers a different way
Even with such low probabilities of winning a lottery jackpot, anything is possible. Consider that in 1996, the number of people winning over $1,000,000 playing North American lotteries was 1,136. Moreover, an additional 4,520 people won $100,000 or more. This compares against 91 people who were killed by lightning strikes.
Also consider there is no second prize associated with a lighting strike. With a lottery, you can win smaller cash prizes by matching some of the winning numbers. North American lotteries award over $50,000,000 in prizes every day. Even lightning is not that striking!
Can I improve my odds of winning?
You can improve your odds of winning by simply playing lottos offering the best odds. Of course the jackpot prize amount should also be considered as lottos often have rollovers. This and a number of other strategies should be considered as mentioned in our Lotto Winning Tips article.
You can significantly increase your chances of winning by betting on lottery outcomes. As described in the aforementioned article, lottery betting allows you to match as little as ONE number in a draw. For example, correctly predicting one ball in a 6/49 lotto will give you 6-to-1 odds. What is even more attractive is that you do not have to bet big. As little as £0.50 per line can be made.
You can’t win if you don’t buy
Most people think they cannot participate in lotteries outside of their home country. In fact, most Canadians still think they need to travel across the border to buy Powerball or Mega Millions tickets. With Lotto Ticketmaster, this concern has no basis. People anywhere in the world can play any mega lottery draw.
Remember that every single lottery winner is just an average person, like yourself. Keep in mind that no one has ever won without buying a ticket! It is fun to buy a ticket now and then and dream of what you would do after winning the jackpot. You have to be in it to win it – so get your tickets now!