Many people, myself included, dream about the windfall that comes from winning the lottery. I have many acquaintances who tell me all about their buying plans and vacation plans after the upcoming lottery jackpot.
While the biggest lottery jackpots often attract the most entries, they often have the longest odds. But with numbers this big, it can be difficult to grasp the odds, and know which games offer the best odds of winning.
I should note that of all the people who have stated in detail how they plan to spend their millions of dollars, each one of them is still waiting for that day.
According to USC math professor Kenneth Alexander, it doesn’t make financial sense to play the Agenpoker303 lottery.
He explains that people playing should use it only as entertainment, spending $ 2 to get the feeling that you could hypothetically win. Chances are you won’t win, but many lottery fans are willing to spend $ 2 on that fantasy.
But if you’re going to play, what are the odds?
If you play the Powerball lottery you have to match five numbers plus the Powerball to win the jackpot. Chances of getting the top prize are 1 in 292,201,338.
The overall odds of winning a prize are 1 in 24.87, so for smaller cash prizes the odds are much better.
So, let that sink in before you take out a second mortgage and go home with the cart full of little slips. The odds are so hard to beat that buying more tickets really doesn’t help.
I’ll see if this puts him in a clearer perspective; My favorite description of the Powerball odds is that if you have purchased 1,800 tickets per week since the time of Jesus, there is a better chance than even of winning the jackpot.
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