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Whether It’s Luck or Math, We Really Don’t Get That Much Chance to Win a Lottery

Whether It’s Luck or Math, We Really Don’t Get That Much Chance to Win a Lottery

Do you ever dream about what it might be like to suddenly have millions of dollars? Do you run out to the nearest gas station with your heart aflutter to purchase a ticket when the Powerball jackpot reaches a certain amount? If you are nodding your head in agreement, you are not alone. In 2014, the allure of striking it rich was strong enough to entice Americans to spend over $70 billion on lottery tickets.[1]

As fun as it can be to participate in these drawings, figures from the National Weather Service suggest that you are more than 20,000 times more likely to be struck by lightning than win the MegaMillions jackpot.[2]

Is winning a matter of luck or math?

Lotteries are games of chance. Your odds of winning are determined by a number of factors, including how many winning numbers or combinations you need to get and how many people are playing the game. The greater the number of ticket-holders, the less likely you are to walk away with a chunk of change.

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The odds of winning MegaMillions or Powerball, two of the most well known lotteries, are a dismal 175 million to one.[3] As you can see, winning is a matter of math and luck, and most of the math points toward a lack of luck.

Why do you need to know your chances of winning?

Many people invest in lottery tickets without understanding the odds. In fact, in low-income communities, buying a lottery ticket is often viewed as an investment, a form of entertainment, and a possible ticket out of challenging circumstances.[4] There is a complex set of socio-economic factors that contribute to this perception of lotteries as investments. If you are foregoing setting up a stable form of savings to play the lottery, your chances of coming up empty-handed are high.

How can you increase your chances of winning?

There are a few ways that you can increase your chances of winning should you choose to play. [5]

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  1. Play the right games. When we talk about national lotteries with massive jackpots, your chances of winning become minuscule. Playing a state competition or buying a chance in a smaller competition will increase your odds. Scratch-tickets for smaller games may have lower rewards, but they are also more likely to yield a win.
  2. Participate in second-chance games. Even if your numbers aren’t selected initially, they may come up in a second-chance drawing. To maximize your chances of winning, keep your ticket for the second chance round.
  3. Don’t change your numbers. Even though buying lottery tickets doesn’t require the same skills as sitting at a poker table in Las Vegas, there is definitely some strategy involved in choosing your numbers. Seven-time lottery-winner, expert in how to win the lottery, and author, Richard Lustig, recommends playing the same numbers over and over instead of switching them. He also recommends avoiding “quick picks” and using numbers besides birthdays and anniversaries, which limit the spread of numbers you can use.[6]
  4. You can’t win if you don’t play. Richard Lustig recommends keeping up with the game you are playing. Pay attention to drawings, and play consistently to increase your chances of winning. Every year there are winners who fail to come forward because they didn’t follow up to see if their numbers won.

But still, don’t fall into the gambling trap!

Just like other forms of gambling, the lottery can be addictive.[7] Participants may mistakenly think that because the lottery is sanctioned by the government, it is not as harmful as other forms of gambling. The same risks apply.

If you have a history of gambling addiction, playing the lottery could draw you into unhealthy behaviors. The hope of victory, occasional small wins, and the thought that your big win awaits around every corner drive the lottery.

The most important thing you need to know about playing the lottery is that you need to set a budget before you play and stick to it.[8] Playing the lottery can be fun and harmless, but if you start to use funds you would normally reserve for food or bills to buy more chances, then you’re in dangerous territory.[9]

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Even winning a lottery can’t bring you happiness.

The mathematics behind the lottery show that you are almost always guaranteed to lose. Assuming that you hit the jackpot, there is no guarantee that the windfall would make you a happier person. Numerous studies have shown that lottery winners do not fare well with their newfound wealth.

Even knowing how to win the lottery doesn’t prevent loss. You can use mathematical strategies, and you can follow the advice of successful players, and even this may not be enough. When you play, let it be for the fun of it. Purchase that ticket so that you can have that moment of fantasizing about buying your mother a house or traveling the world. There is always a chance that you could be one of the fortunate few, but even if you don’t have winning numbers, at least you’ll be entertained.

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Featured photo credit: Flaticon via flaticon.com

Reference

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Angelina Phebus

Writer, Yoga Instructor (RYT 200)

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Last Updated on November 9, 2020

10 Good Habits to Have in Life to Be More Successful

10 Good Habits to Have in Life to Be More Successful

Habits are behaviors and patterns that you showcase by default. Many good habits to have will enable you to carry out crucial activities like taking a shower, brushing your teeth, and getting ready for work. 

Interestingly, you follow this routine every day without thinking twice. Your unconscious daily habits create room for your brain to perform more advanced activities like problem-solving and choosing what book to read.

Everyone has habits, and several of those habits are activated every day. I would classify them into three groups:

  • Habits that you hardly notice as they have become a major part of your life, such as brushing teeth or getting dressed.
  • Good habits to have to be more successful, like eating healthy, exercising, and reading books.
  • Habits that are harmful, like procrastinating, smoking, or overeating.

Good habits are fundamental to becoming successful in life. Yet, as significant as habits are, some lack the knowledge of their capabilities.

While much of the emphasis falls on bad habits to break, it’s just as important to focus on good habits to have and cultivate in your daily routine.

Here, we’ll talk about 10 good habits to have to be more successful in life.

1. Begin Your Day with Meditation

I recommend mindful meditation early in the morning. This practice helps you to place yourself in the present moment. Consequently, it enables you to be mindful of challenging situations during the day.

Different stressors may trigger as you go through the day; meditation helps you to remain calm before taking on the challenges.

Personally, it helps me to devise strategies and think about ideas. Meditation is a good habit to have if you want to be connected to what’s significant in your life.

2. Be Grateful for What You Have

It’s not uncommon to waste time thinking of what’s not enough. You become immersed in those daunting challenges. However, challenges justify the presence of hope. The only strategy you have to stop focusing on your problems is to focus on what you have.

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Gratitude is a time-tested pathway to success, health, and happiness. It redirects your focus to what you have from what you lack. Try writing a list of things you’re grateful for each day in a gratitude journal, or make it a habit to say one thing you’re grateful for when you sit down to dinner with your family.

3. Smile

Can you pause and smile before you continue reading this?

Now, here is what just happened based on research conducted by the Association for Psychological Science; you set a pace for living a happier life when you smile. A genuine smile, or what’s called a Duchenne smile, is a good habit to have if you want to find spiritual, emotional, and mental peace of mind.[1]

Smiling induces the release of molecules that function towards fighting stress. The physiological state of your body determines the state of your mind. When you slouch or frown, your mind takes cues relating to unhappiness and depression. However, once you adjust yourself by putting on a smile, you begin to feel a new level of excitement and vibrancy.

4. Start Your Day With a Healthy Breakfast

Starting your day with a healthy breakfast is a good habit to have and forms a crucial part of your life. Nevertheless, about 31 million Americans skip their breakfast each day.[2]

If you are fed up hearing that breakfast is a crucial component of your day, you are only fighting the truth. If you want to become more successful, you need to “break your fast” with healthy foods every morning.

This habit is not difficult to form if you usually rush out the door every single morning. You can wake up earlier to fix yourself a meal so you don’t break down during the day.

Get inspired by these 20 Healthy Breakfast Choices That Will Save You Time.

5. Exercise Daily

One of the good habits to have is to exercise your body and muscles on a daily basis. You don’t have to run a marathon or lift tons of weights. You only need to engage in activities that oxygenate your blood and inject endorphins in your body, trying to squeeze in at least 15 minutes every day.

Jack Dorsey, the CEO of Twitter, classified exercise as a good habit to maximize his already jam-packed schedule.[3] He said:

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“I wake up by 5, meditate for 30 minutes, seven-minute workout times three, make coffee, and check-in.”

He said on Product Hunt that he follows this routine every day as it gives him a steady-state that empowers him to be more productive.

6. Manage Your Time

Another good habit is the act of managing your time effectively. This goes a long way toward impacting your achievement.

Time management is what separates the successful from the rest of the world as we all possess the same amount of time. How you leverage time determines your potential to succeed in life[4].

Good habits to have: Time management tips

    So how do you manage your time effectively?

    Here’s Jack Dorsey’s recommendation in one of the Techonomy events:

    “I accomplish effective time management by theming my days and practicing self-discipline. These themes help me handle distractions and interactions. If a request or task does not align with the theme for that day, I don’t do it. This sets a cadence for everyone in the company to deliver and evaluate their progress”.

    And this is Dorsey’s weekly theme layout:[5]

    • Monday – Management
    • Tuesday – Product
    • Wednesday – Marketing and growth
    • Thursdays – Developers and partnerships
    • Fridays – Culture and recruiting
    • Saturdays – Taking off
    • Sundays – Reflection, feedback, strategy, and preparing for Monday

    No wonder he was able to run two companies when others were struggling with one job.

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    Check out more time management tips here: 7 Effective Time Management Tips To Maximize Your Productivity

    7. Set Daily Goals With Intentions

    Everyone has goals, whether they relate to business or personal life. The truth is, we’re all tending towards a particular direction. Nevertheless, while long-term goals can offer you direction, it’s your daily goals that help you develop short-term goals that are essential for your success.

    Long-term goals may not give you the motivation you need to keep on, but when you implement your short-term milestones daily, you become fired up, and you can overcome the challenges that come with taking on bigger tasks.

    Here’s the main truth: Successful people don’t set goals without establishing their intentions. According to Jennifer Cohen of Forbes,[6]

    “What helps you to achieve your desired expectation is ensuring intentions accompany your daily goals.”

    8. Seek Inspiration

    It is usually difficult to be inspired for a considerable length of time. Sometimes, you become discouraged and feel like giving up on your goals when things are not working out as intended.

    A practical approach to stay on top of the situation is to inspire yourself each day. When you wake up in the morning (after meditation), watch some motivational videos, and let the story of great leaders inspire you.

    Establish what Anthony Robbins called the “hour of power.” Determine how many minutes you spend, but make it count. Inspiration is the fuel for achievement because when you can conceive it in your mind, you can accomplish it.

    Michal Solowow, an investor and the founder of Mitex, puts it this way[7]:

    “The problems I encounter in everyday life motivate me to find solutions. This is a self-propelling mechanism. Becoming a billionaire was never a motivating factor.”

    9. Save Steadily, Invest With All Prudence

    I can’t exhaust the good habits to have without talking about saving and investing. Most times, you overlook the significance of saving for the future when you are living in your present moment. According to CNBC, a $1000 emergency will propel several Americans into debt.[8]

    However, it is not enough to save, and you must invest your funds and be wise with them. If you pay attention to this now, you will set yourself up for a life of success in the future. Ensure you save at least six months in your emergency account so you can be prepared for any future emergency.

    If you’re looking for a simple way to save money, check out the following video:

    10. Budget and Track Your Spending

    Benjamin Franklin warned of taking the precaution of little expenses. He said:

    “A small leak sinks a great ship.”

    It is easy to discard little expenses, but the truth is they always add up. This happens when you fail to budget.

    Budgeting is a good habit to have, and it can impact your financial life significantly. The money you spend on extravagant lifestyles can be saved and invested in your future instead.

    The Bottom Line

    Endeavor to start developing good habits to have to become more successful as you journey through life. The quicker you cultivate them, the faster you will achieve your goals.

    More About Cultivating Good Habits

    Featured photo credit: Andrijana Bozic via unsplash.com

    Reference

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