The odds of hitting the big one, Mega Millions, is roughly 1 in 302.5 million. Statistically speaking, you are 150 times more likely to die from falling out of your bed. Yet, for millions of Americans, the only statistic on playing the lottery that matters – if you don’t play your chances of winning is a big fat zero.
Have you decided to put your name in the running for a chance to become an overnight millionaire? Not sure where to begin? Not to worry, as in this post we explain step by step how to play the lottery.
Be Sure You Are Eligible to Play
Rules and regulations for playing the lottery vary slightly from country to country and game to game. In America, anyone 18 years or older, regardless of citizen status are eligible to play and collect their prize should they win. The only other hard rule to play the lottery is that you must buy your ticket from an authorized lottery dealer within the borders of the United States.
Unlike online gambling, where you can play from anywhere in the world with an internet connection and possibly win money, there are many local and federal laws against this type of gambling. A lottery is still a form of gambling, but it is one that is state-funded and therefore socially and legally acceptable.
Choose a Lottery to Play
This is arguably the most difficult part of playing the lottery. There are thousands of lotteries running around the world so it is understandable if you feel a little overwhelmed with your choices.
Of course, you are more than welcome to play any or all of the lotteries you are eligible to play. However, most of us don’t have that kind of money to lose entering hundreds of drawings.
So you would most likely want to limit your lottery fun to one or two major drawings a week. For example, you might play the Mega Millions and a state lottery like Fantasy 5 (California). Your chances of winning the State lottery will be considerably better but the Jackpot is often less than half a million dollars if you win.
Choose Your Lottery Numbers
Lotteries are based on statistical odds of choosing the same numbers that are randomly chosen from a pool of numbers. When you go to buy your ticket you will need to choose these numbers or have the computer choose them for you, called a “random draw”.
There are many theories and systems out there that claim to increase your chances of winning the lottery. As a new lottery player, please realize that anyone that tells you they know how to increase the odds of winning is for sure misleading you at best and scamming you at worst.
The only real way to increase your chances of winning is to play the same numbers every time. The more times you enter the numbers into a drawing the better chance you have to win money.
Playing the Lottery
Yes, playing the lottery is not a recommended financial planning strategy as the chances of winning a big prize is well… highly unlikely.
Yet, playing the lottery is fun and having a chance, no matter how slight, to never have to worry about money problems again is exciting and for many, worth a few bucks a week. Good luck and keep reading our blog for more fun articles.