What’s My Chance of Winning the Lottery?
According to a Business Insider article, on average a lottery player wins back $.47 for each dollar played.
Do you want to keep playing a game where you pay $1.00 and win $.47? It doesn’t sound fair does it?
How likely is it that you will ever win the lottery?
If you still don’t believe me, look at your own situation. Keep track of all the money you spend on the lottery and all the money you win. What does your own experience tell you? Overall, have you made more than you lost?
So, if you’re tempted to play the lottery, consider the odds. Are you going to be the one in a million person who hits it big? It’s more likely that you’ll get hit by lightning or be in a car crash than win the lottery.