Instant Lottery Tickets – How to Make Money with Losing Lottery Tickets
There are people who think that buying lotto tickets is just like throwing away good money. There’s a 1:175 million chance that you would win the jackpot prize (there are experts who say that you are more likely to get hit by lightning or get bitten by a shark), and most often than not you spend your $20 dollars a week on lottery games you never win. Here are few ways you can make money from the lotteries.
1. Buying Smart
Choose the lotteries that you’re playing and what games you are entering. You can choose to play only when the jackpots are at their very highest; or when there are extra large rollover draws such as the Euro Millions Super draws which are held several times in a year. Another way to make more money is by playing in a lotto syndicate. A syndicate, or group, is made of up of a number of players who share a lottery ticket or lottery games. This increases the number of games or tickets for a particular draw that you can buy, as well as decreasing the cost of entry. If you were playing alone, you would only be able to buy one or two tickets at most. However, if you are playing in a group, you will be able to get more tickets and just share the prize winnings equally – if and when you do win.
2. Pick a price point.
It is important to set a price point early on so that you can keep track of how much you are spending. This applies to both lottery tickets and scratch cards. Once you have determined this, try to stick to your price point every week. If you’re only good for six sets of numbers, that’s it. You should learn to draw the line between what’s a reasonable amount and what’s not.
3. Buy Scratch cards.
Scratch cards, scratchiest or Instant Win, to name a few, are simple ways to win cash prize amounts. These cards are readily available and are easy to purchase from any convenience store. You can win as much as $5 million in scratch cards.
4. Understand the odds of the game in your price point.
If you’re playing using scratch cards, you can look at the back of the card to see the odds of winning. There are 1:5 or 1:20 and so on. This basically means that one in every 5 players or 1 in every 20 players can win a prize. Of course, for the 1:5 odds, expect maybe a $5 or $10 prize.
5. Understand that the other tickets do not affect your tickets in most lotteries.
Some people say that buying your tickets after a long line of people have already lost is a good strategy. This may apply to scratch cards but not with regular lotteries. The scratch cards have a series number, for example, 500 cards and you would have to be resourceful to check how many before you have already won a prize.
6. Study the small print on the back of the scratch card to find the odds of winning.
As mentioned above, the scratch cards do mention the odds of winning in a particular game. You can then choose to play in the lower priced ones with better odds of winning or the pricier ones but with juicy top prizes.
7. Buy in bulk, or else stagger your ticket buying.
You can buy the whole roll or the whole series, or you can wait out in line and buy one ticket every hour or every 2 hours. Don’t buy a scratch card after someone has just won.
