3 tips to improve your chances of winning
When the biggest lottery prize ever, totaling half a billion dollars, was up for grabs in 2016, nearly every one scrambled for a ticket despite the odds of winning being incredibly slim. So, is there a secret to improving your chances of hitting the jackpot?
When the jackpot grows to a noteworthy size, ticket sales tend to increase exponentially. As more and more people buy tickets, the probability of seeing the jackpot split among multiple winners also grows. And that can have a huge factor on the overall expected value of any given lottery ticket.
1, Buying more tickets can increase your chances of winning the lottery.
It’s a simple law of probability: the problem is you’ll have to spend a lot to make it worth and paying for tickets means less profit.
2, Don’t pick consecutive numbers.
If playing a jackpot with 5 winning numbers where the numbers go up to 55, the total of your numbers should be between 104 and 176. According to studies 70% of all lottery jackpots have sums that fall within that range. You can use our quick pick automatic number generator on all our lottery games makes it easy to pick a good set of numbers.
3, Use Your Math Skills to Increase Your Chances at Powerball Games
Use statistics and the laws of probability that helps you pick numbers that have a higher chance of winning. You’ll need to tap into your math skills (or at least a calculator) to make a go of it. Steps include finding the expected value of the game, determining the probability of each possible “win,” multiplying that probability by the payout for that win, buying tickets that increase the expected value, and looking for progressive jackpots. There’s also a mention of considering the tax implications of a Powerball win, which, incidentally, can be applied to all lottery wins above $10,000.
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