When talking about the ideal way to play the lottery, it is likely the most commonly disputed question of all time… but what is the answer?
Buying One Ticket for each Lottery Several Times
Some individuals enjoy buying just one or two lottery tickets, as it allows them to feel like they have some skin in the game, without it costing much money and becoming a large financial investment. If you are really serious about playing the lottery, however, it is important to look at the statistics involved. When analyzing the data, one can conclude that by purchasing a single ticket to a small jackpot lottery, the odds of winning are approximately one in a million, and as such their chances of winning are so slight in any case.
The truth is that even if one’s chances for winning the lottery are somewhat slim, an individual can improve his or her odds by buying several lottery tickets at a time, improving one’s chances of winning the lottery. According to this logic, it makes a lot more sense to buy fifty lottery tickets at one go, rather than buy a lottery ticket a week for fifty weeks.
There are two sides to every coin, and this argument of whether to get one ticket per lottery as opposed to buying several tickets at a time for just one game has many players choosing sides. Many statisticians have studied this issue in depth, as there is no subject that is as clearly researchable as the topic of lotteries. Statisticians have found that it is not simply enough to look at a solitary lottery game and make any sort of conclusions; one must look at the big picture. It is important for a player to think about how many games she will be able to play if her money is not all blown in one shot.
If we look at an individual who is prepared to spend a hundred dollars on lottery tickets over the course of six months, at the end of the day, it doesn’t make any difference if the tickets that are bought are divided over the course of the half a year, or if they are all spent on one solitary game. The reason that the chances of winning end up being equal in both cases is that in one situation, the probability of winning a single game is higher, and in the other case, the chances of winning a lottery in general is higher. You should think about the fact that by purchasing fifty tickets at a time, you are essentially putting all your eggs in one basket, and it might not feel as fun or exciting as playing the lottery 50 different times, still, it is a matter of personal preference and can’t be decided by anyone but the lottery player. At the end of the day, both are good choices, which is why it is ultimately up to you to decide how you want to play the lottery.