The Odds of Winning: Truth and Lies

The odds of winning

This one lottery ticket or trip to the casino or scratch card could be it. It could be the winner! We have all gambled before and focused on those ‘could be’ moments that never appear to prevail. While most gamblers know that these games of chance have nothing to do with skill or strategy, and are also aware of the realistic odds of winning, the truth and lies behind the ticket may surprise you. There are a variety of misconceptions and ‘myths’ surrounding lottery games which keep us motivation for that ‘this could be it’ moment, and ultimately bringing us back to pull the slot machine handle, scratch the card or pick numbers for the big win. Again… The big win that never is seen to never prevail.

The Odds of Winning Video Lotteries

Video lotteries or gambling consist of anything that appears on screen such as; online gambling, slot machines and casino playing. Such games are all about a chance which is completely unpredictable and uncontrollable. You do not have a way to increase the odds of winning. In fact, winning a game of video lotteries is always an isolated event – completely random. Video lotteries have no memory, so there is no greater chance of receiving a payout on your 100th spin than you are on the first spin. Each spin is considered a new spin. There is absolutely nothing you can do in order to increase your odds of winning at video lotteries. You are most likely to die of flesh-eating disease which has a chance of 1 in a million.

The Odds of Winning Max Lotteries

It’s an hour before they begin to draw the big numbers for the Max Lottery on television, and you’ve managed to hold off all week without buying a ticket, but you just can’t hold yourself back anymore and find yourself quickly running to the corner store to pick up that hopefully-winning max lottery ticket. We have all done it. However, the odds of winning the ‘big lotteries’ may have you rethinking about throwing your money away on a piece of paper because the chance of you having the lucky combination of numbers that will land you a large sum of money is approximately 1 in a couple million! The odds of winning are significantly lower than 0.01%. You are more likely to be struck by lightning four times than you are to win the max lottery.

The Odds of Winning Scratch Card Lotteries

Your odds of winning with scratch card lotteries are fairly similar to Max lotteries since they consist of numbers, calculations and a very rare chance of winning anything, let alone the big prize. You are ten times more likely to die from a poisonous snake bite, or to be killed by a terrorist while traveling which has a chance of 1 in 650,000. In other words, buying a $2 scratch ticket will provide you with approximately 1 in 14 million chance of winning. You are three times more likely to die in a car accident on the way to purchase scratch cards than you are actually win from them.

At the end of the day, you don’t have any control over the outcome when playing with chance or luck. Not even a good luck charm, lucky number or careful calculations will increase the odds of winning. You are leaving it all up to chance, and the truth behind that one chance proves that the odds of winning are far and few in between. You keep putting your money in, without receiving anything back. Have you ever thought about how much money you would have by now had you decided to save every penny that you spent on gambling?