Let's be honest... We've all fantasized at one time or another about winning the lottery and living the life of our dreams. The thought of living on our own private island without a care in the world is pretty attractive, don't you think?
Especially when we see that Mega Millions payout go north of $500 million for example. It brings all of us 'wanna be lottery multi-millionaires' out of the woodwork to purchase our lucky tickets. After all, someone is going to win... why not you? Probably one of the best slogans of all time!
But is there really a secret system to winning the lottery? Has the worlds greatest scientists and mathematicians cracked the code to lottery riches? Has someone used some fancy algorithms and a super computer to 'crack the lottery code?' Some people think so.
Why do the same people seem to win over and over again while the rest of us kicking ourselves for wasting another $20 bucks. Are they just really lucky or do they know something we don't?
I don't normally write articles like this, but since this site is all about legitimate ways of making money, I thought I'd do a little research on this topic and see if the lottery was a viable option or not.
So let's take a closer look and see if it's time for us to empty our piggy banks and load up on our lottery tickets or if we should find another way to buy our own tropical island.
Did you happen to see the recent segment on 60 Minutes that featured a retired couple in northern Michigan who found a way to beat one of the state lottery games? I won't go into all of the details in this article, but if you're interested in the specifics and want to see exactly how they did it, you can see the details here.
All told, they made over 26 million dollars, and it was done 100% legally! All they did was figure out a way using basic math to put the odds in their favor. And it worked!
The lottery demand is high. Every year, Americans spend around 80 billion on state lotteries. That works out to be around $250 per every person in the country. This is quite a staggering number and represents more than what half the states in the country took in on corporate income taxes last year alone!
No doubt there is a huge hunger for the lottery games in this country. In fact, the statistics are similar around the globe. Australia, China and Spain have some of the largest lottery payouts in the world and highest participation rates based on population.
With demand this high, it's no wonder people have come up with 'lottery systems' to help increase your chances of winning the golden egg. But can these systems really help increase your odds of winning? Are they worth the extra money or should you just base your chances on luck?
With the odds of winning the lottery being at 175 million to 1, you would be better off placing your bets on getting struck by lighting. Your odds of that happening are much better at only a 700,000 to 1 chance. A virtual guaranteed winner in comparison! But if there was a system to help increase your chances of winning the lottery, it would be well worth it, right?
Well here comes the first big secret...
Most of the lottery systems on the market are complete junk. Do not waste your money!
According to the in-depth review of the most popular lottery systems, the Lottery Guy strongly recommends staying away from pretty much every system out there. He does have a small collection of things that he likes, but for the most part he advises against using any type of 'system' as an effort to discover the secret formula.
So does this mean there's nothing we can do to increase our odds of winning? Well, not exactly. There are a few things you can do to shift the odds a bit towards your favor. But don't expect any earth shattering information here. The odds will always be against you, but here's a few things you can do to help increase your odds of being the next lottery winner.
Even though you would think that all numbers have an equal chance of winning, this isn't necessarily the case. When you choose the Quick Pick option you are getting a unique set of numbers for each pick. Thus, your odds are always going to be at their worst possible level for that particular game.
Richard Lustig has won the grand prize lottery 7 times and has authored a book called, Learn How To Increase Your Chances Of Winning The Lottery. In his book he states, 'Always pick the same numbers. Don’t play Quick Picks. When you play Quick Picks, your odds are always going to be at their worst.'
Leaving all mathematical theory aside for now with trying to figure out why that is the case, the man seems to know what he is talking about. So if he says not to have the machine pick the numbers for you, I would listen to him and take that piece of advice!
He also says that some numbers sets are better than others but you deny yourself the option of realizing this by having the machine pick the numbers for you. So leave the Quick Pick option alone. You are decreasing your chances of winning by doing so.
He recommends using your own set of numbers for each card that you play. If you play more than one card, use a different set of numbers.
In his book he states, 'Remember, a set of numbers wins the grand prize, not individual numbers.' He says it's okay to repeat a number or two, but make sure that each set of numbers is mostly different so you can increase your chances of winning on each card.
Foreshadowing alert - this sounds like basic math to me. Doesn't each number have the same and equal chance of being picked as another? That's what I was taught in school anyway. I'll come back to this in a bit.
One of the biggest mistakes people make is exclusively playing their birthday or the birthdays of their loved ones. This is fine to some extent but using this as your only strategy has some serious drawbacks.
If you only choose months and dates, you are limiting yourself to less than half the card since you are only picking numbers between 1 and 31. In order to increase your odds, you need to use the entire number set on the card. Otherwise, you are seriously diminishing your chances of winning.
As mentioned earlier, the laws of mathematics tell us that each number has an equal chance of being picked. That being said, have you ever watched a Keno game and seen the same number continue to come up again and again? What's up with that? Is that number special or have some sort of magnetic power for being picked?
Not at all. It is perfectly normal and expected that you will see trends with certain numbers, especially when the sample timeline is small, such as a couple of hours, a day or even a full week.
But since all numbers have an equal chance of being picked, does this mean you should jump in and start playing the numbers that seem to be constantly picked. The answer is, no! Statistically speaking, these numbers now have a weighted skew tendency against being picked again and the likelihood of the trend continuing is diminishing.
This is exactly the time when you should look at other numbers that have been neglected and haven't been picked in a while. Their chances of being picked have now increased, statistically speaking. And the longer they go without being picked, the better the odds that it will happen soon.
There are some paid lottery number analyzers on the market, but do not spend your money on them. Just check online with your state lottery office. They usually usually have some free ones on their website. Or just do an online search. You'll find all kinds of them for free.
For example, check out this number analyzer from a company called LotteryResults. They provide a running tally of the frequency that each number has been picked and automatically shows the trend data. You can sort the information to show the popularity of each number, its rank, draw frequency and much more.
This by no means should serve as any type of guarantee that the less popular numbers will be picked during the next drawing. But it can certainly help you make a logical and somewhat educated decision when choosing you next set of numbers. The work has already been for you and the best part is, it's totally free to use.
A good way to increase your odds of winning is to play consistently. Can you really expect to win if you play once or twice per year? The people that see the most success play two or three times per week and play the same set of numbers over and over again.
I'll never forget talking with a friend of mine who plays the lottery religiously. One day he forgot to get his ticket in and, wouldn't you know it... Yep. He would have won just over $11,000! But he got side tracked and forgot to play that day. That was a pretty costly mistake.
So if you are going to play, make sure you stick to a schedule and commit to playing. Otherwise, you may miss out on that one chance of your numbers coming around just like my buddy did.
So you missed out on that big lottery payout on last night's drawing? All may not be lost. Your losing ticket could still be worth thousands of dollars.
Second chance lotteries are exactly what the name suggests in that they give you a second chance to win. They are available in almost every state that provides lottery games, but the rules do vary from state to state. So make sure you check with your state lottery regulatory board to see exactly what you need to do to qualify.
The main things you'll need to find out are which games are eligible, how often the second chance drawings occur, what the entry deadlines are and the rules of the game. Some states allow you to enter your losing ticket information online while other require you to mail them in.
So don't throw you losing tickets away. It's a bit of extra work but why not give yourself as much opportunity as you can? You may find that it was well worth it!
This strategy once again comes down to basic math. The more tickets and numbers you play, the better your chances are of winning. One of the best ways to do this is by playing a Lottery Syndicate.
For the purposes of keeping the explanation simple, let's say the syndicate you join allows you to purchase anywhere from 1 to 10 shares. This means if I buy 3 shares and the syndicate is a winner, I am entitled to 3 times the earnings from anyone who only purchased 1 share.
Some people look at this as a negative since you will need to share any winnings with everyone in the group. But usually the winnings are substantial amounts of money so even with dividing it up, you still may realize quite a significant personal payout.
Even though many extremely smart people have studied the lottery for decades and have tried to come up with ways to beat the system, the lottery is a game of chance. It cannot be beaten any more than the stock market can be accurately predicted and beaten. If it could, we would all be retired by utilizing this information.
At the end of the day, people spend their hard earned money chasing a dream called the lottery. In some cases folks spend way more than they should and savings accounts and retirements funds have been destroyed.
The dream is a powerful one and the thought of winning millions of dollars has addictive elements to it. But what if you could consistently make 5-figures per month with a real, online business? This is exactly what I am doing now and although it's not quite the financial magnitude of lottery winnings, it is significant income. And it continues to grow month after month.
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Are there really secrets to winning the lottery? Can you increase your odds of winning? Based on the tens of hours of research that I did to prepare for this article, unfortunately the answer is a resounding no.
It comes down to the math. The lottery is a game of chance and thinking otherwise can seriously hurt you both financially and emotionally. Sure it's fun to play and keep the dream of winning millions of dollars alive. But you should consider it a leisure activity and only ever play with money that you can afford to lose.
The mindset of 'you gotta be in it to win it' is a dangerous one. The odds just don't make sense and the bottom line is winning the lottery really comes down to dumb luck. Nothing more.
If you've been one of the lucky few to have won any lottery games, I'd love to hear about your experiences. Especially if you have any type of 'system' that you think gives you an advantage. Please leave your comments below. Maybe I've missed something here and we can all get rich beyond our wildest dreams with your help!
Digital marketing has been a passion of mine for over 12 years. I am a successful online business owner and I have my own digital marketing agency. I love helping people learn just how amazing the world of affiliate marketing can be and I'm committed to helping folks make money online while avoiding the mistakes I made along the way.