The odds of winning the Powerball grand prize are 1 in 175,223,510. You are more likely to be struck by lightning or attacked by a shark than win the lottery. Everyone who plays the lottery has a different reason for buying tickets. Some people play for fun. Others play because they think it is their only chance to become wealthy. Whatever your reason, if you are going to play you should increase your chance of winning. Here are seven ways to pick winning lottery numbers which will help your chances:
Buy More Tickets
It’s simple probability theory. The more tickets you buy, the more chances you have to win. You would have to spend a lot of money to significantly improve your chances of winning by buying more tickets. A small change you can make to improve your chances is to change how often you buy tickets. If your normally spend $2 per week, changing your buying frequency to $104 once a year would increase your odds of winning when you play.
Join A Lottery Pool
A lottery pool is a group of people who combine their money to purchase tickets. Joining a lottery pool will give you more tickets and more chances to win. If you are a winner, you will have to split the jackpot with the other members of your pool.
Don’t Pick Numbers That All End or Start With The Same Digit
If 7 is your lucky number, don’t pick only numbers that end in 7 – 7,17,27,37,47. It might look cool on your ticket, but the chance of winning is low. The same is true for numbers that start with the same digit. It is unlikely that all the numbers drawn will be in the 40s – 42,43,45,47,48.
Pick Higher Numbers
Pick numbers above 31. Those numbers do not have higher odds of being drawn, but fewer people pick them and if they are drawn you are less likely to have to share your jackpot. Most people pick numbers related to important dates. Those numbers are always 31 or lower, so the numbers below 31 are chosen more frequently than higher numbers.
Play Less Popular Lotteries
The less people playing the lottery, the greater chance you have of winning. When the Powerball jackpot passes $300 million more people play the lottery and your chances of winning decrease. Pick lotteries that are less popular to increase your chances of winning.
Double Check Your Numbers
Many lottery prizes are never claimed because the winners didn’t check their numbers correctly or lost the ticket. Double check your numbers before you throw away what you think is a losing ticket. You may be throwing away the grand prize winner.
Enter Second Chance Drawings
Some lotteries have the option to enter your ticket in the second chance drawing. If your ticket is not the winning ticket, you still have a chance to win the second chance draw. Select this option to increase your opportunities to win.
Don’t Neglect The Fundamentals
The lottery should be seen as a game and not an investment strategy. Even if you follow these ways to pick winning lottery numbers, your chances of winning are still really, really small. So, please don’t rely on winning the lottery as a financial plan. You’ll need to be doing the personal finance basics in addition. So don’t forget to spend less than you earn, save, invest and reinvest, pay yourself first, cut expenses and automate your finances as a much as possible.