Sure, everyone is. Money makes us emotional. But sometimes you need to think with your brain and not your emotions. And, that goes for It means that this mean? It means that sometimes you should consider playing scratch off lottery tickets. Sure, they offer a lower payout, but they also generally offer better odds.
Consider this - one of the most popular lottery games in the world is Powerball. Powerball costs $ 1 to play and the odds of winning the jackpot are approximately 1 - in - 195 - million.
Now, consider the average $ 5 scratch off lottery ticket, for example. Typically, the prizes for a $ 5 ticket will range from $ 100,000 to $ 1 million, and the higher the prize the higher the odds. Now, let & # 39; With that in mind with With a purchase a $ 5 ticket and the prize is $ 1 million. The odds of winning $ 1 million on a $ 5 scratch ticket will vary from game to game and from to state. , you & # 39; ll be looking at odds that are about 1 - in - 3 - million.
For comparative purposes, if you buy five Powerball tickets, at $ 1 each, your odds of winning the jackpot would be approximately 1 - in - 39 - million.
That 's all about thirteen times more likely to win on the scratch off lotto ticket than on the powerball ticket, dollar - for - dollar. That & # 39; sa huge difference.
Everyone agrees that it is amazing to win these huge jackpots. The only problem is that these lotteries are potentially impossible to win.
But the let's be doubt, even winning a million dollars would change your life. At the very least you could pay off your mortgage, pay off your car, have money left over, and live debt-free. Does not that sound appealing?
But, ity, that & # 39; s your choice on what lottery game you play. But, it, you and me, I will always choose the lower payout but better odds that the instant scratch lottery games offer. But, hey, that & # 39; s just me.
