Winning the lottery may not be guaranteed, but for some people the dream becomes a reality. One third of people in the United States think winning the lottery is the only way to become financially secure in life. Remember the odds of winning the lottery are about 140 million to 1.
If you ever figure out the (non-existent) secret to winning the lottery, think about what you would do with it. Would you use it to keep winning the lottery or patent it? I think the answer is obvious. Your actual odds of winning the lottery depend on where you play, but single state lotteries usually have odds of about 18 million to 1 while multiple state lotteries have odds as high as 120 million to 1.
Here are some things to think about: you have better chances of getting into a car accident, plane accident, or struck my lightning, than to win your lottery. As strange as it seems, though, buying a lottery ticket can actually be a good investment. There are even ways to increase your odds of winning when you play the lottery. The largest individual lottery win ever recorded occurred in April 1999.
In most state lotteries the players choose numbers that, if selected in a random drawing, can bring the winner millions of dollars. The actual chances of becoming a multi million dollar lottery winner are astronomical to begin with, but when fate intervenes, miraculous things can happen that will forever change a person’s life, for better or worse.
Experts have looked into the lives of past lottery winners and have learned that not all multi million dollar winners have a happy ending. In fact nearly one third of multi million dollar lottery winners become bankrupt in just a few short years after their big win. Interestingly, staying in school and studying hard is an almost guaranteed million dollar winner.
The single most important rule for maintaining sanity after winning the lottery is: do everything you can to keep your precious anonymity intact. Research around the world has shown that in less than five years after winning the lottery, a majority of winners are more unhappy, more unhealthy and more in debt than before they won the lottery.
When it comes to your chances of winning the lottery, you are either in the group that believes it’s absolutely impossible or in the group that believes you have a very good chance, so why not play. It won’t be long before you too are playing with the best chance of winning the lottery.
Allen teaches people about winning the Michigan Lottery on his Michigan Lottery blog.
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