Why only play when it gets big
Mon, 04/20/2009 - 14:26
The Mega Millions lottery will be an estimated 130 million Tuesday April, 21st. I have my tickets already through Xzotto. I was wondering how many people will buy a ticket for the drawing on Tuesday that don't normally buy a ticket when its only 16 million. Statistically your odds are the same, so why play only when it hits a huge payout? I think that the dream of a huge payout prompts people to buy the ticket. You also see or hear much more about the lottery when the payout reaches a certain point like 130 million. You don't see many news stories about the 16 million dollar drawing but when it reaches a huge amount it gets picked up by local and sometimes national news agencies.
I also see this happening when someone wins a huge payout. The larger the payout the more coverage it gets. I think that for 90% of people a 1 million payout would have a life changing effect. Why would 130 million change your life more that 16 million?
I think that one other factor is you see more people pooling money to buy tickets when the amount gets huge. Someone around the office collects money from everyone and they go out and buy as many tickets as they can. Everyone throws in money because nobody wants to be the person that has to go back to work if the group wins.
I think that pooling is the smartest way to play. 5% of 130 million or 6.5 million is still going to change my life. With pooling I just have a greater chance at that life changing amount. I play 1 ticket for each Mega Millions drawing regardless of the amount. With Xzotto I have a chance at winning from over 17,000 ticket each month. Check out http://squidoo.com/steve-play4free or http://play4free.xzotto.com/ for more information.
