Do You Want to Know How to Win the Lottery?
Ever wondered how to win the lottery and what life after winning the lottery looks like? Curious if there is a best way to win the lottery and what to do when you win the lottery? We are here to answer all these questions.
Welcome to your guide for anybody who wants to win the lottery. You will learn the following:
- What your chances of winning the lottery are
- Five tricks to win the lottery
- What happens when you win the lottery
- What to do when you win the lottery
- What to do with lottery winnings
- What life after winning the lottery often looks like
Perhaps this year will be your lucky year to win the lottery. Use this information below to help you perhaps become one of those people who have won the lottery!
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Chances of Winning the Lottery
Before we talk about the best ways to win the lottery or life after winning the lottery, let’s get into the chances of winning the lottery:
- The odds of choosing six numbers correctly are 1 in 13,986,816 – just shy of 1 in 14 million.
- Other lotteries are worse. With Mega Millions state lottery, your odds are 1 in 175,711,536.
That means the chances of winning the lottery are slimmer than the following:
- Winning gold in the Olympics
- Winning an Oscar
- Having conjoined twins
- Dying from hot tap water
So as we talk about tricks to win the lottery, realize that these ways to win the lottery are not going to make the odds great. But they may improve them just enough to make it your lucky day.
Where Can You Never Win the Lottery?
So your chances of winning the lottery are slim just about anywhere, but they are non-existent in six states.
These following U.S. states do not allow the lottery:
- Alabama
- Alaska
- Hawaii
- Mississippi
- Nevada
- Utah
You could say that the best way to win the lottery, then, is to avoid these six states.
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Tricks to Win the Lottery
Now that we have a better picture of how unlikely it is that anybody will ever win the lottery, it is time to show you a few ways to win the lottery that can boost those odds a tad.
How to Win the Lottery
These tricks to win the lottery are a combination of statistics and pointers from people who have won the lottery.
- Play more often
- Join lottery pools
- Keep your numbers
- Pick higher numbers
- Try popular numbers
Read through some details about these tricks to win the lottery, then we will discuss what life after winning the lottery looks like for people.
Best Way to Win the Lottery #1: Play More Often
The first on our list of tricks to win the lottery may seem obvious – but it is important to talk about.
In order to win the lottery, you have to play the lottery.
In no way does this mean you should put a significant amount of money into the lottery on a frequent basis. Since the chances of winning the lottery are so small, that is a good way to end up entirely broke.
However, the more consistent you are, the more chances you have to win the lottery. Even try picking one particular game to play more often so you can and get the hang of it.
Best Way to Win the Lottery #2: Join Lottery Pools
Playing frequently is one of the top tricks to win the lottery, but it can also be seriously expensive. That’s why joining lottery pools are next on our list of ways to win the lottery.
Lottery pools allow multiple people to work together to purchase as many lottery tickets as possible.
The more tickets you all buy, the more opportunity for winning.
Sure, all the people who have won the lottery through your pool would have to split the earnings. But a part of millions is better than nothing at all.
Try creating friendly lottery pools:
- In your neighborhood
- Among your coworkers
- With siblings/cousins
Not only will your chances of winning the lottery improve, you can have fun with each other rooting for your numbers.
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Best Way to Win the Lottery #3: Keep Your Numbers
A gentleman named Richard Lustig brings us our next tip for tricks to win the lottery. As a seven-time winner of the lottery, Lustig knows how to win the lottery.
He believes that the way to win the lottery is to choose the same numbers again and again. Lustic also recommends not using the “quick-pick” option of number sets for that very reason.
Lustig explains, “Every time you buy a quick pick, you get a different set of numbers; therefore, your odds are always going to be at their worst in that particular game.”
Best Way to Win the Lottery #4: Try Popular Numbers
We have seen that one of the top ways to win the lottery is to keep consistent numbers – but what numbers should those be?
Including some popular numbers into your group is next up on our list of tricks to win the lottery.
Cur rently, the most common numbers to win the lottery are:
- 2 (frequency = 202 times)
- 31 (frequency = 200 times)
- 46 (frequency = 200 times)
- 39 (frequency = 200 times)
- 48 (frequency = 200 times)
- 29 (frequency = 198 times)
- 35 (frequency = 198 times)
- 17 (frequency = 198 times)
- 20 (frequency = 197 times)
- 5 (frequency = 195 times)
- 10 (frequency = 195 times)
Though the best way to win the lottery ultimately is to choose with your gut, even seven-time winner Lustig agrees: using some statistics in picking your numbers can only help win the lottery.
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Best Way to Win the Lottery #5: Pick Higher Numbers
Sometimes looking at sheer stats is a great way to figure out the best way to win the lottery. While this final tip in our list of tricks to win the lottery may not help you actually win more frequently, it will definitely boost your payout.
Stats show us that picking higher numbers may work out in your favor. Why?
Many people feel their lucky numbers have to do with birthdays or anniversaries. These numbers stay low:
- Months only go up to 12
- Days of the month only go up to 31
There is a flood of these lower numbers being chosen. If you luck upon winning, wouldn’t you want to make sure you get the highest pay out after winning the lottery?
What Happens When You Win the Lottery?
Say you have found the best way to win the lottery, and to your surprise, you actually win. What happens when you win the lottery? This is what people who have won the lottery have to do next:
Verify: Take a moment to verify that you actually have won. The organization will also have to verify this.
Choose how to take your money: The first question in life after winning the lottery is whether you want your money now or in an annuity over thirty years. There are pros and cons to either, and Business Insider does a great job of describing them.
Pay taxes: No matter how you choose to collect the money after winning the lottery, you will have to pay taxes. A million really isn’t a million; a billion really isn’t a billion.
It is important to know that taxes may be more than you think. For a 1.5 billion lottery in 2016, CNN Money figured the winner in New York City would only get $577 million.
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What to Do When You Win the Lottery
Life after winning the lottery feels pretty great, but what do you do next?
What to Do When You Win the Lottery?
Want to know what to do when you win the lottery? Here are a few ideas to make sure it stays a positive experience:
Stay anonymous if you can: In some states, people who have won the lottery can stay anonymous. If you do not want any money-hungry strangers, “friends,” or long-lost relatives to show up at your door after winning the lottery, keep it between you and those closest to you.
Go straight to a financial advisor: Going from poor or middle class to rich changes everything. You are going to need help with your financial life after winning the lottery. They can help you set up budgets, investments, etc.
Meet with a lawyer: When you talk with a lawyer after winning the lottery, you can ensure that all legal matters will be taken care of, including any estate issues that might arise.
Allow yourself one splurge, and then stop: Life after winning the lottery can absolutely afford a fun splurge. Take your husband to Europe. Buy a cool car. Then stop. Otherwise, the money will disappear faster than it came.
Keep your job: Perhaps after making wise investments you will be able to quit or change jobs, but as of now, keep your job and its security after winning the lottery.
What to Do With Lottery Winnings
The most important thing in life after winning the lottery is to ask yourself what to do with lottery winnings.
Though it can feel fun to spend it on all sorts of things, it can feel even better to use it to grow even more money and even do good for the world.
Pay off debt: The first thing you should do after winning the lottery is to pay off debt. Do not spend one more month with interest payments. If you can be mortgage and car-payment free, your life after winning the lottery will be all about freedom.
Invest: Take a chunk of your money after you win the lottery and invest it into multiple streams. Your financial advisor can help you figure out which options are best for you. This allows your winnings to make you even more money.
Set up an “allowance”: If you chose the lump sum option, set up your own allowance. Just because you are “rich” right now does not mean you will be “rich” in two years if you keep spending too much.
Donate: Not only is donating some of that money a beautiful way to do good with your life after winning the lottery, it can also help for tax purposes.
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Conclusion: How to Win the Lottery
Now you know two things: tricks to win the lottery and what life after winning the lottery could look like.
As fun and exciting it is to think about what it would be like to win the lottery – and as fun as it can be to play or try tricks to win the lottery – remember that you are spending money on the slimmest chance to win millions.
Instead, you could spend money on things you need like groceries or car payments – or even other ways to make money like investments.
The best way to win the lottery is to not lose all your money hoping you just might win. Have fun, enjoy it, and take these ways to win the lottery into consideration, but always play responsibly.
Image Sources:
- https://commons.wikimedia.org/wiki/File:Texas_Lottery_drawing.jpg
- https://cdn.pixabay.com/photo/2014/07/06/13/55/calculator-385506_1280.jpg
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