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7 Worthwhile Lessons From Buying Lottery Tickets

One of the main lessons from buying lottery tickets is that you're probably wasting your money. If you were to add up your total lottery spend over the years, you might have a minor heart attack when you see the result. If you're reading this, then we can happily assume that you didn't win. Because the return to player is the same horrible number on both the big and small lotteries, you're better off playing the largest ones to win big. These are the MegaMillions and the Powerball.

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Introduction: 7 Worthwhile Lessons From Buying Lottery Tickets

Here at Jackpotfinder.com we have learned many important lessons from buying lottery tickets. And about how much we spend on them. If many people were to sit down and calculate out just how much money they’ve spent throughout their lifetime on lottery tickets, we’re sure that they’d get a big surprise. But then again, many people buy a lottery ticket, both in the hope of winning, but also for the excitement of taking part. Watching the weekly or monthly draw offers a huge rush of excitement for most buyers.

So, win or lose, they’re not unhappy with any result, as their default setting is set to not winning.

Here we’ve listed the 7 most common things we’ve learned from buying lottery tickets over many years. Hopefully, these lessons can help improve your odds when you go to purchase your next ticket.

Lower Your Expectations

Despite the overbearing odds, there are still many people who are buying lottery tickets with an eye on winning. Yes, we know, someone does win with every draw. But the belief it’s going to be you will only lead to a crushing disappointment. And that will happen after every draw and every time you buy a ticket. A path of highs (expectation) and lows (reality) is not a healthy way to live. We suggest you’d have a better time, just buying and then forgetting about the ticket. Also, look at the reason you’re buying the lottery ticket for in the first place and see if there are any lessons from buying lottery tickets that you can learn.

When you’re expecting to win every time you purchase a lottery ticket, then you’re setting yourself up for failure. The simple fact of life is that your chances of winning are, to all intents and purposes, zero. And that applies to the secondary prizes as well.

Lessons From Buying Lottery Tickets: Entertainment or Value?

Probably the healthiest way of looking at buying lottery tickets is as a bit of harmless gambling. One of the lessons from buying lottery tickets we learned is that most people spend no more than $10 every week, so there’s no harm being done there. Then there’s the very real entertainment value. From the moment of the ticket purchase, which probably involves a lot of fantasy about what you’d do with the money, to sitting down at home to watch the actual draw, it’s all good clean fun.

Though we believe that most people don’t expect to win anything, hope springs eternal. You might be lucky if you buy your lottery tickets with theLotter, as they have a huge number of massive lotteries on their site.

The Best Lottery Game

There are several different metrics you can use to compare lotteries. According to the latest lottery news, probably the most level headed means is to compare how much each lottery returns as a percentage of the amount wagered. Unfortunately, when you look at the lotteries in this manner, you might be in for a bit of a shock. That’s because whatever the lottery, it’ll have the worst return of any game in the whole galaxy. These numbers are so painful, you might do better by simply avoiding any lottery altogether.

If you’re playing in the casino, then the most obvious lottery game there is Keno. For some reason may people fail to recognise this game as being a form of lottery. But if you think about it logically, then with an 80 ball draw, what else could it be? The lowest Keno bet is a paltry $1 and you can win between $10,000 to $100,000. Like every lottery game, a lot depends on luck. Though the return from Keno is better than the lottery, it’s still very bad for a casino game.

Lessons From Buying Lottery Tickets: Small Risk, Big Reward

By its design, the lottery is going to hit those parts of the human brain that are easily triggered. First, there’s the promise of a huge win. And the fact that it appears you could win those sums with such a small investment. Big rewards for a small risk has got to be appealing. But if we’re going to learn anything from our lessons from buying lottery tickets, then maybe it’s time to take a different look at the risk. If you’re going to be losing money every time you buy a ticket, perhaps it’s time to either stop buying or to question your motives.

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At the risk of sounding a spoil-sport, maybe you should start considering what other things you could do or buy with that large annual lottery spend. Maybe you’d be better off investing in an education, that would help you earn more money. Or maybe you could start a small business that would then start earning you more money. Can you see where this is going?

We’re not saying that you should stop playing the lottery. But we are asking you to have a more realistic view of what you’re spending on tickets and your possibilities of actually winning.

Never Shoot Small

As all lottery games have a terrible return, then there’s no reason to shoot small. In fact, as part of your jackpot winning strategies, you should be aiming for the biggest prize you can afford. To that end, only buy tickets to top lottery games with massive prizes. If you’re in the US, that means buying into the progressive jackpot lotteries of the MegaMillions or the Powerball. As these two lotteries have the biggest wins, then each is the best lottery to play and the only two you should buy tickets for. So stick with these two and stop buying any other type of lottery ticket.

You can get your tickets online through theLotter which is the best online site for getting the highest value lottery draw tickets. These include scratch-off cards and other lottery games. At the end of the day, your odds of winning the top prize holds very little difference from landing a smaller prize. So why bother shooting small?

Lessons From Buying Lottery Tickets: The Lottery Is Too Easy to Play

You have to hand it to the organizers of the lottery. They make the purchase of tickets very easy. Wherever you go, whether in the supermarket or buying gas at the gas station, there they are. Lottery tickets sat right in your eye-line as you go to pay for other things. Almost without realizing it, for just a couple more dollars you’ve entered the next draw.

Limit Your Gambling Losses

No matter which way you look at it, lessons from buying lottery tickets have taught us that lotteries are a super bad investment. This is because there are many other more profitable things you could be doing with your lottery spend. Because the tickets are so (relatively) cheap, and the prize so large, it’s easy to become hooked on buying lottery tickets to increase your jackpot winning chances. That’s why we suggest setting a weekly spending limit.

A good idea is to try and keep your lottery spending down to less than $10 per day. If you’re not prepared to limit your losses by stopping the playing of the lottery altogether, then stick with a budget.

Conclusion: Worthwhile Lessons From Buying Lottery Tickets

Though the lottery can be viewed as a sucker bet, millions of people still partake every day in the purchase of lottery tickets. One of the most important lessons from buying lottery tickets is that you have practically zero chance of winning. Yet this salient fact doesn’t stop lottery sales. That’s because most buyers don’t expect to win. So for them, it’s just a cheap form of entertainment.