Sure. But $250 over a 20 year period is 5k. Ia lucky enough to have an income where 5k isn't a lot.
how much do you spend on lottery tickets each week?
- Thread starter Claudia Love
- Start date
Max $3 a year for entertainment value. If someone is spending more than $3, then they're doing it because they think they can win. However, buying more tickets don't increase the chances that much so it's like wasting money.
Why not spend the least money possible for the same chance to win? The odds are almost the same whether you buy 1 ticket or 20. People don't get this.
Tell us how that works ....I would think the odds of winning are greater with the number of tickets you buy.
Greater odds, yes, but not by much as I was saying. Odds are almost the same whether you spend $3 or $30. The extra 9 tickets ($27) are almost worthless.
In order to increase your odds to 1% for example, you need to buy 140 000 unique tickets or spend $420 000 at a draw. Does anyone spend $420k at a draw ? No.
And this is just to get to 1%... So might as well spend the least possible....$3 per year. And try your luck. Best return if any for the least cost.
so the people that pay every week..think about this if the missed the week their numbes came up they would lose ...so $3 x 53 weeks in the year they spent $156
to win Millions or even a lower prize
I'm buying 2 tickets per draw but only Lotto 6/49 and Lotto Max. If the lotto Max reach 50M+ jackpot, I'm buying more ticket because there is a MaxMillion draw.
Get my thrills 'gambling' looking at my investment account statements from month to month.
Last few months have been losses.
Just recent signs of turns around.
One oil stock I hold declared a special divvvy and that gave me $700 I was not expecting.
Last few months have been losses.
Just recent signs of turns around.
One oil stock I hold declared a special divvvy and that gave me $700 I was not expecting.
Spending on lottery tickets should be approached with caution and within one's means. Allocating a small, discretionary portion of your entertainment budget, such as a few dollars per week, can help keep the expense manageable while still allowing you to participate in the game if you enjoy it.
