Statistically speaking, you are more likely to die from a bee sting than you are to win the lottery. So, how do you avoid spending money on lottery tickets?
Odds of winning
Depending on the game you play, the odds of winning the lottery vary. Some games have good odds, while others have very poor odds. You can also increase your odds of winning if you buy more tickets. Using simple mathematics, you can calculate the odds of winning the lottery.
To calculate the odds of winning the lottery, you must know how many ways five numbers can be chosen correctly. You also must know the total number of numbers drawn. The odds are calculated by multiplying the total number of ways five numbers can be chosen correctly by the total number of unique numbers drawn.
Various Low Countries towns held public lotteries in order to raise funds for fortifications, and the record dated 9 May 1445 at L’Ecluse mentions raising money for walls. However, in terms of lottery prizes, there are many to choose from.
A federal law called the Lottery Prize Tax Law makes the prize a taxable event, but the good news is that the IRS has made its rules clearer than a piece of paper. The IRS also allows lottery prize winners to claim their prize at any of its authorized retailers. In order to claim the prize, the winning ticket must be produced and presented at one of these locations.
Statistically speaking, you’re more likely to die from a bee sting than win the lottery
Whether you’re considering buying your own lottery tickets or you’re a lucky winner of the megamillion jackpot at the local stripper club, the aforementioned altruism ain’t cheap. The cost of a ticket can run in the thousands and, well, the best time to play is during prime o’clock. Nevertheless, a nice dinner and a movie is sure to lift your spirits and your wallet. Having said that, the question remains, do we really need to hit the lotto? Besides, the likes may be better off snoozing it in the buffs. Luckily for the unlucky, the lottery can be played at home or at the office, provided you’re lucky.