Many folks play the lottery every week, sometimes multiple times if they can. For some, this is their idea of a million dollar dream.
However, I've noticed that people play in greater numbers when the Powerball jackpot is at a maximum. In short, the higher the prize, the more tickets are sold.
Now I'm not a gambler (and yes even the education lottery is gambling.) However, I'm an expert on numbers, odds, and trends.
The lottery is a numbers game in more ways than just choosing the five lucky numbers. When a larger number of people are playing, it lowers your chances of winning the prize money.
Buying as many tickets as possible can also be advantageous, or going in a pool with others. However, lotteries and raffles alike can be more risky when your numbers could end up the same or similar with others, forcing you to split the large prize. Result: you would have won just as much as you would have if you played when the pot was lower. The Lottery Commission is crafty, just like a casino. They are going to make their money, and they know that people will be more likely to play when the reward is huge.
Therefore, if you're going to buy a lottery ticket, do it when the jackpot is no higher than $150 million. Your chances will improve and hey, 150 million is still a nice payday, even after taxes.
Also, don't take the lottery so seriously. It's rare that people actually win and when they do, they often fail to properly manage the winnings.
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