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Home > How to Increase Your Chances of Winning the Lottery

How to Increase Your Chances of Winning the Lottery

May 10th, 2011 at 11:56 am

Recently, I saw a segment on the Rachael Ray Show about how to increase your chances of winning the lottery. Her guest, Richard Lustig, wrote a book on it since he won the lottery seven times.

I donít really advocate playing the lottery instead of looking for a job or saving and investing your money. But I also donít see anything wrong with playing the lottery for fun if itís in your budget.

I found it interesting that this author had 3 simple strategies to increase your chances of winning the lottery.

Continue reading at: http://www.livingrichlyonabudget.com/how-to-increase-your-ch...

2 Responses to “How to Increase Your Chances of Winning the Lottery”

  1. creditcardfree Says:

    I don't play the lottery, but just heard about this book today when a man in our state read it, played for 19 weeks and won $9 million this week. However, I don't think I'll start playing.

  2. Tabs Says:

    I absolutely refuse to play the lottery. It's a loser's game, and to be honest, there's no real way of increasing your chances, at least not enough to realistically make you win it.

    The article's first advice isn't any good. Buying more may increase your chances of winning, but it also costs more, and ultimately, most people don't make back the amount spent in the first place.

    The second advice seems very misleading. You see, most traditional lotteries have a machine with ping pong balls painted with numbers on it. So, every time you start up the machine and have it draw a set of numbers, it "resets" your odds without any bias for or against what your previously played numbers are. Therefore, quick pick numbers have as much of a chance of winning (or rather, losing) than whatever set number you play every time. So, if you don't have a preference, quick picks are as good as any.

    The third one seems to be the only useful advice, although I am not a tax accountant, so I can't confirm or deny that they are tax deductible. They probably are, although I would also think that would slightly increase your risk of an audit, depending on what else is on your filing.

    The last, un-numbered advice is interesting because I've never heard of a second chance lottery before. However, I have heard of people winning from local raffles, and depending on the cost and the prize involve, they may be worthwhile because chances are good that the number of participants are considerably smaller. That I may do if opportunity ever presents itself.

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