Why you Probably Shouldn’t Play the Lotto
Have you ever found yourself, when in a desperate need for money (perhaps due to poverty, depression, wanting to start your own business, etc.) turning to the lotto? These lottery systems promise that you could get lucky and win millions to even billions of dollars. The daydreaming then starts and you image what it would be like to win the lotto, how it would change your life. You quickly enter into that week’s contest and hope for the next few hours or days that you would win. Perhaps you turn to praying or even say some kind things you would do to appease the universe so that it can give you a chance. Does all of this sound familiar? I’ll be honest, this is exactly what I have done in the past.
I am sure you have heard by now that winning the lotto is almost mathematically improbable, that you might have something like 1 in a 100 million chance of winning (practically zero), but I don’t want to focus on that in this post. I rather want to focus on roughly how much money you will lose on your pursuit of winning the lotto.
Although you can get lucky and win big with the lotto, the average person will not just lose, but they will lose big time, losing thousands of dollars over the span of years. One thing you have to remember is that the lotto was NOT created for you to get rich, it was created so that the companies who own these lottery systems can get rich. And if they want to get even richer, they’ll further decrease your odds of winning (perhaps by increasing the range of numbers to choose from or adding bonus balls into the mix), but perhaps still entice you to play by increasing the grand total or jackpot. Trust me, all of this has been well calculated by these companies, it’s a low risk and high reward strategy for them.
I wrote two programs that has two specific functions. The first one asks you for a set of numbers and over how many weeks you want to play these numbers. It then randomly selects the winning numbers over those weeks and compares your ticket against those numbers. It then calculates how much money you won and lost over those weeks and gives you a grand sum at the end. I ran this program multiple times, from 4 weeks to 1 year to 40 years and all the way up to 192,000 years and my ticket never won the lottery, but more specifically, I suffered a gigantic financial loss playing the lotto.
Below is the total amount of money I lost (deficit) playing the lotto:
Lost a total of $14
Lost a total of $184
Lost a total of $7,266
Lost a total of $3,480,024
Lost a total of $32,774,952
I ran these examples over and over again and nothing really changed. The player kept losing big time. This right here should show how unprofitable playing the lotto is (for you) and how you should rather save that money into a savings account or fuck it, invest that money into stock trading, at least you could potentially see a bigger return from that.
The second program randomly selects the winning numbers, then randomly selects a certain number of tickets. It compares the player’s group of tickets to the winning one and calculates how much money the player would’ve made or lost. This strategy is based on if you play more tickets one week, your chance of winning goes up. The results did not change much and the player still lost big time.
Lost a total of $14
Lost a total of $188
Lost a total of $6,884
Lost a total of $3,467,338
Lost a total of $32,738,980
The lotto is a very well thought and great manipulating system that makes you believe you have a chance of winning, but statistically speaking, you have no chance of winning and a great chance of losing a ton of money.
Next time when you feel desperate to get some cash quickly, please refrain from thinking the lotto is an option. The reality is, it isn’t.
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