No matter if your goal is to win big or just increase your odds, there are various strategies available when playing the lottery that may help increase your odds. The best way to determine which numbers are likely winners is by studying past winners and number patterns in your region. You can increase your odds by purchasing more tickets – however there’s no guarantee any of these methods will work! Jared James, former PriceWaterhouseCoopers CPA and Mergers & Acquisition Specialist has developed an effective formula that assists players in purchasing the most cost-efficient tickets for every drawing. A collective investment approach involving investors who can afford to purchase tickets that cover all possible combinations is designed to take advantage of economies of scale by buying in bulk and splitting ticket costs among multiple individuals. He claims his method has enabled him to maximize returns from multiple lottery wins.
Powerball and Mega Millions are two of the biggest lottery games in the US, offering jackpots that start in the tens of millions. Their impressive prizes help drive sales while garnering free publicity through news sites and broadcasts; however, such big jackpots often make it impossible for vendors to sell enough tickets in time; therefore the top prize often has to be carried forward to another drawing.
To address this problem, some lotteries have begun making the jackpot smaller while increasing frequency of draws. They may also add a second prize category that awards smaller amounts to winners who match three, four, or five winning numbers. Michigan Lottery is currently testing this change by decreasing Megabucks jackpot from $1 billion to $500 million while increasing odds of hitting winning combinations by adding two additional lines of six numbers on its Megabucks game.
An effective solution may lie in increasing prize sizes without increasing ticket sales, to create an equitable balance between jackpot size and odds of winning. Michigan’s Pick 5 lottery boasts much larger jackpots than their national Powerball or Mega Millions counterparts yet has more reasonable chances of success.
If you are considering purchasing lottery tickets, be sure to keep an eye out for any suspicious calls or emails purporting to come from the Lottery. Should one come through and claim they represent it without authorisation from you or claim they contact winners directly, be wary and do not provide personal data. For any inquiries contact their Customer Service team directly.