Day By Day We Get Better And Better Football Chant Lottery Alternatives

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Lottery Alternatives

Millions of people around the world play the lotto hoping to get lucky one day but for the vast majority that lucky lotto day never comes.

The huge odds against winning the lotto ensure that millions contribute to the pool but only a few hit the jackpot.

In New Zealand a lotto player must select six out of forty drawn numbers. It is called Section One. The odds of any one set of six numbers being successful are one in three million+.

Powerballs are when you have selected Division One + Powerball numbers 1-10. The odds of winning a Powerball are so remote that one is more likely to be electrocuted.

Some mathematicians have described the lottery as a tax on stupidity.

At least 66% of New Zealanders play the Lotto at least once a year. I don’t know how many of them play each week.

People who otherwise think of themselves as intelligent fall prey to enticing advertisements to take part in gambles that are unlikely to succeed. Rationality just goes out the window.

A song and dance is made about the fact that 20% of all Lotto sales are donated to various charities.

What I mean by that is the lottery takes more money out of society than it gives back.

If a person donates directly to a charity, the donor is able to claim a 33% tax refund. (New Zealand).

The advantage of direct charitable giving is that you can choose who to give the money to.

Lotto players will completely ignore all math statistics with the “you have to be ready to win” argument.

The problem with this type of thinking is that few people ever do, and often when they do win something, the payoff is usually one of those small prizes that are spent on buying more lottery tickets or quickly run away in the blink of an eye.

Annual lottery expenses

If a lotto player spends $10 per week on the lottery that is $520 per year. Think about what else could have been invested in or put to better use.

There are so many stock market trading platforms around today that $10-$20 spent per week on lottery tickets can easily be used to start an investment portfolio.

Lottery system

Many people will swear by systems; All you are told is that the statistical probability of any set of six numbers is the same, however, if you pick a number or combination of numbers not picked by other players you will share the prize pool with fewer players. Your lucky day. This is a strategy used by some system developers.

Don’t be fooled into thinking that any system will increase your chances of winning. This is not true!

As far as finances are concerned, I’d say the money spent on lottery tickets is better directed at investments where you have something to show for it.

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