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The National Lottery – it won’t be you!
Wednesday, August 27th, 2008It’s a mugs game and called by some, a tax on the poor.
The odds of winning the Lotto jackpot are 14,000,000 to 1 against each ticket.
There are not any combinations or strategies that alter this. Every combination is as equally likely as each other.
Only 45% of the money spent of tickets is given back out in prizes. This is an appalling return.
Go to your local casino if you want to gamble and play the roulette wheel instead, over 97% of the money is given back in winnings. This also is 100% random and without any skill or strategy that can increase your change of winning.
Better still, do not gamble at all, unless you know something that the person setting the odds does not know.
Some people spend way too much on lottery tickets as they think there is a chance it can ease their debt management problems. The reality is that is like to contribute to a debt problem.
