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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 June 29, 2020

How Does Setting Goals Lead to Success?

How Does Setting Goals Lead to Success?

As well as being the founder of Lifehack, I also help people on a one-to-one basis through life coaching.

I’ve been doing this for more than 10 years now and have helped hundreds of clients reevaluate their lives and turn inertia into progress and failure into success.

A common theme I’ve noticed with many of my clients is that they don’t have any definite goals to aim towards.

This has always surprised me, as goal setting is frequently recommended by self-improvement gurus, performance coaches, and business leaders. It’s also something that I learned at university and have implemented successfully in my life ever since.

If you’re similar to the majority of my life coaching clients and you don’t have any definite goals to aim for, then you’re missing out on what is probably the most powerful personal success technique on the planet.

The good news is—you’ve come to the right place for help with this.

In this article, I’ll explain exactly what goal-setting is and how you can put it into action in your life. As you’ll discover, it’s a key that can open many doors for you.

An Introduction to Goal Setting

Goals can be big, small, short-term, long-term, essential, or desirable. But they all share one thing: They will give you something to aim for.

This is important. As just like a ship without a destination, if you have no goals, you’ll end drifting aimlessly.

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Goals give you purpose. They also give you drive and enthusiasm. In other words—they make you feel alive!

If you’ve never spent time setting goals before, then here’s what I recommend you to do:

  1. Take some time to evaluate all areas of your life (health, career, family, etc.).
  2. Determine which of these areas need a boost.
  3. Think of ways in which to achieve this (for example, if you want to boost your health, you could eat less and exercise more).
  4. Set some definite goals that you would like to achieve.
  5. Write down these goals, including the date you want to accomplish them by.

Now, before you get started on the above, I want to make one thing clear: Goals are not wishful thinking!

By this, I mean that while your goals should be ambitious, they shouldn’t be unrealistic or verging into fantasy land.

For example, wanting to be promoted at work would be a realistic goal while wanting to be President of the United States might not be. (Of course, feel free to prove me wrong!)

If you’re new to the world of goal setting, then I’d recommend you start with easy-to-achieve goals. These could be things such as eating a healthy breakfast, walking more, taking regular breaks from your screen, and sleeping early.

These simple goals might take you a month or so to achieve, including making the daily practices a habit.

Once you’ve successfully accomplished these goals, you’ll find your self-confidence grows, and you’ll be ready to set yourself some bigger goals.

Here are a few examples that you might want to choose or adapt to your personal circumstances:

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  • Run a marathon
  • Buy a new car
  • Learn a new language
  • Travel around the world
  • Change career
  • Retire early
  • Write a book

I’m sure you can think of many more things that you would like to achieve. As the famous Shakespeare line neatly states: “The world is your oyster!”

Now, the trick with big goals (as I’ll show in an example shortly) is to break them down into small, bite-sized chunks. This means you’ll have a big end goal, with smaller goals (sometimes referred to as objectives) helping you to gradually achieve your main aim.

When you do this, you’ll make big goals more achievable. Plus, you’ll have an easy way to track how far along the road to your goal you are at any given point in time.

Let’s see this in action…

Going from an Idea to a Global Success

Everything starts with an idea.

And there appears to be no shortage of good ideas in the world. But there is a shortage of people willing to put these ideas into action!

This is the essential step that will move you from being a dreamer to an achiever.

Back in 2005, when I first had the idea for Lifehack, I really only considered it to be a platform to record some of my productivity and self-improvement techniques. I’d developed these during my time at university and as a Software Engineer at Redhat.

However, based on the number of views and positive feedback I received on the first few articles, I quickly realized that Lifehack had the potential to be a popular and successful website—a site that could help transform the lives of people from all across the world.

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It was at that point that I decided to set some goals in place for Lifehack.

The way I did this was to set specific targets for different areas of the business:

  1. Number of articles published
  2. Amount of time spent writing and promoting the articles
  3. Number of new readers
  4. Number of new email subscribers
  5. Revenue generated from ads

For each of the above, I set weekly, monthly, and yearly targets. These targets were realistic but were also ambitious. In addition, I wrote down the necessary steps to take to achieve each target within the specified time frame.

This goal setting had a powerful impact on my motivation and energy levels. Because I could clearly see what needed to be done to achieve each goal, I found a purpose to my tasks that made them exciting to complete. Each small target achieved took me closer to accomplishing the bigger goals.

For example, my initial goals for writing articles were for just five a week, which equated to 20 per month and just over 100 per year. However, as I dedicated more and more time to Lifehack, I found I was able to exceed my initial goals.

This led me to increase the numbers. Of course, there’s a limit to how many articles one person can write. So when the readership began to exponentially increase, I started to hire other writers to help me out with the site’s content.

From my initial goal of just over 100 articles per year, I’ve used goal setting to help Lifehack publish more than 35,000 articles to date. This is now the largest collection of original self-development articles in the world.

And in terms of readership—this has skyrocketed from a few dozen in 2005 to several million in 2020.

And of course, I have many new goals for Lifehack, including expanding our range of online courses.

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My original goal has always remained the same though: To change people’s lives for the better.

Goal Setting Can Transform Your Life

If you haven’t yet experienced the incredible power of goal setting, then now’s the time to get started.

Build a definite picture of what you want to accomplish, break it down into small, achievable steps, and then start taking action!

You’ll be able to change all areas of your life using this method, including boosting your health, improving your relationships, and transforming your career. You may also want to use goal setting to start a new hobby or plot a path to a prosperous and peaceful retirement.

So please don’t wait for success to drop in your lap (which it is highly unlikely to do). Instead, decide on exactly what you want, then make a plan to get it. This is the secret to lifelong success.

Legendary motivational speaker and author Paul J. Meyer said it well:

“Goal setting is the most important aspect of all improvement and personal development plans. It is the key to all fulfillment and achievement.”

Final Thoughts

Now, let me leave you with five questions that will help you think about your future:

  1. What would you like to be doing in 3, 5, and 7 years?
  2. What things make you happiest?
  3. How can you share your knowledge and experience?
  4. Who can help you achieve your goals?
  5. What would you like to be your legacy?

Take plenty of time to think about these questions. When the answers come, you’ll be able to start building a picture of how you’d like your life to be—and what goals you need to set to make this picture a reality.

More Tips on Setting Goals

Featured photo credit: Jealous Weekends via unsplash.com

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