In life, we are taught that the lottery is a cruel and unusual form of entertainment. And we are right. The average jackpot for a lotto drawing in the United States is over $40 million. It doesn’t get much more outrageous than that.
In theory, the jackpot is awarded to the lucky winner as a prize, which is great because that is what most lottery tickets are sold for. In reality, loto 188 however, the most we are likely to win is the $4 we spent on the ticket. The average amount won is so low, it barely even gets us a good meal.
And you can’t get a meal out of the jackpot when you have to pay for a house, gas, rent, insurance, utilities, car payments, etc. for the rest of your life.
The problem is not in the amount of money that is given to the winner. It is the fact that winning the lottery is so random. You have a 1 in 75,972,619 chance of winning the Powerball jackpot, for example. And when you multiply that chance by $250 million, it works out to a mere $6.49 in winnings.
The odds of winning the lottery are nothing close to being any type of guaranteed payout. The combination of the luck of the draw and the skills required to be able to find the winning numbers are just not there. So why play?
If you have a financial situation that is hopelessly out of your control, I understand. In these types of situations, loto 188 buying lottery tickets becomes a financial necessity. In these situations, the best strategy is to play the lottery while avoiding the gambling aspects of playing. Instead of playing, you simply play the lottery numbers.
When it comes to the lottery, this is just about the only sure-fire way to win big. Even if you end up with a jackpot ticket, you’ll be ecstatic that you played. You got a good meal out of it.
The lottery is the best example of what I like to call a “bad investment”. That is, it is a profit-loss proposition, so it is a good way to make money if you win. But it is not a sound investment for saving money.
If you want to save money, you’d be much better off buying stock in Apple or Microsoft. These companies are the backbone of modern civilization, and their stocks pay out much higher dividends than the lottery.