Winning The Lottery

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If you play the lottery, according to Wikipedia, you have about one in 14 million chance of winning. For comparison, each person has a one in 2 million chance of being killed by lightning; a one in 3 million chance of dying after being poisoned by an animal or a plant; and a one in 11 million chance of being attacked by a shark. Even though winning the lottery would be a very good thing, you are much more likely to suffer a shark attack or being killed by lightning than to win money and getting rich playing the lottery.

According to Wikipedia, a little more than half of adults here in in the United States, together, will spend more than 50 billion dollars each year hoping to get rich. You do not increase your odds of winning the lottery by …show more content…

Even if you could afford to, however, you could not buy enough lottery tickets to guarantee a win unless you were the only person buying the tickets: as more tickets are sold to people, the odds of winning decrease.

Even though many people see buying lottery tickets as a low-risk investment, where else do you think you can invest 1 dollar for the opportunity to win all of those millions of dollars? Yes, the reward is very appealing, even if you know that the odds of winning are extremely small, but you're probably better off if spend all of that money in investing rather than giving it away to those lottery companies.

You should ask yourself these questions: Can you afford to buy tickets to play the lottery? If the money is available, and you understand that even if you were spend thousands of dollars on tickets, that the odds will still be against you, then maybe it will be fine if you play. If you know it's money you shouldn't be gambling with, or if you are saving money to fund your retirement, you're definitely better off saving money for your retirement instead of letting it go to waste. The most important thing that you should remember is that buying tickets to play the lottery should be thought of as entertainment, and not an investment, just like any other form of

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