The odds of winning the lottery are about 1 in 292 million. Still, many of us have dreamed of holding a winning ticket and spending our earnings.
It’s impossible to predict whether or not you’ll be the lucky winner – but knowing how the game works and increasing your odds of getting some money back isn’t outside the realm of possibility.
SCRATCH TOP TICKETS NOW
Ultimately, there is no surefire way to determine which tickets will result in a win, but Jared James, a former PricewaterhouseCoopers CPA and mergers and acquisitions expert, has come up with a solution to help lottery players buy tickets with the best odds. Have brought
Lotto Edge uses mathematical algorithms to provide players with scratch off game rankings using real lottery data. Today’s top overall rankings for tickets across all states and at price points ranging from $1 to $100 include:
- set for life
- Ticket Price: $50
- Play #:
- State: Arizona
- Overall Odds: 1 in 2.18
- triple bonus crossword
- Ticket Price: $25
- Game #: 1391
- State: Arizona
- Overall Odds: 1 in 2.40
- 50 years!
- Ticket Price: $50
- Game #: 625
- State: Maryland
- Overall Odds: 1 in 2.44
“The best game to play is the one that gives you the best chance of winning the prizes you are looking for. Every player has a different prize money they are chasing,” says James, founder of Lotto Edge. and different budgets.” “The best game to play would be the game that has the best chance to win the prize they are chasing. Players are actually shocked to know that there is information available to help them figure out games with better odds or prizes that may result in a hit. Luck is still needed to win but they should take a minute and do a little research to learn the games that give them the best chance of winning. Our motto is ‘Luck favors the prepared.'”
How do the different lottery games work
To many, the inner workings of the lottery system are a mystery. But James says it can be broken down into three types of games:
- Scratch Off Tickets: “Scratch offs are unique from other genres in that they have a set number of tickets printed, set prizes, and set odds. This information can be tracked daily and compared to other scratch games to find the games with the most advantageous odds. Scratch offs also usually have better winning chances than drawn games,” says James.
- Draw game: A draw game is a traditional lottery game type that involves a draw that determines the winning tickets. Favorite draw games include the Multi-State Mega Millions and Powerball lotteries. Traditionally, draw games could only be played at convenience stores and gas stations. However, some states now allow people to play them online. Draw games offer significant prizes; For example, the minimum jackpot for Mega Millions is $40 million.
- Fast Play Games: Fast Play games are similar to scratch off tickets, but without the scratches. Games come in a variety of price points and are printed by lottery terminals and vending machines.
Ultimately, the “right” game will depend on your end goal. James says, “We encourage players to keep the prize goal in mind and play games with the best odds possible to win those prizes.”
who knows if you win
For players who beat the odds and win money by playing lottery games, it is important to have a clear plan for that windfall.
“The best advice I can give is to surround yourself with a high-quality team of advisors,” says James. At a minimum, this includes legal and financial advisors. Take the time to find qualified people outside your immediate circle. Just because you “know” someone in those areas doesn’t mean they are qualified to help you with your unique situation. They also need to know that it’s okay to rush a little [your] Victory. We recommend setting aside a small portion, like 5%, to spend on whatever you want. Go ahead and scratch that spending itch, but put away the rest to save it and make it last for years to come.
Some other ideas for your prize could include paying off a high-interest loan, investing a portion of your winnings, or saving some for later in a high-yield savings account.
Playing the lottery can be both exciting and profitable – as long as your financial house is in order. If you have the money to spend and want to test your odds, be sure to do your homework to determine which games will give you the best chance of coming out on top.