It’s a tough decision, but one that anyone would be happy to make: the choice between a lottery lump sum payout or a lottery annuity settlement. The former pays out the whole sum of winnings in one huge payout, as the name implies. The latter pays out the sum over a series of annual lottery payments.
While many think that the chance to choose between an annuity and a lump sum payout is the result of pure luck, there are strategies that can help you win the lottery.
Buy Multiple Tickets.
Obviously, the more tickets you have, the more chances you have to win. If you buy two tickets, your go from having 150 million to one odds to 150 million to two odds. It’s not much of a difference, but it’s a difference nonetheless. If you don’t want to spend more money on more tickets, then maybe consider buying all your tickets once a month, rather than each week.
Start a Lottery Pool.
If you don’t want to spend the money buying dozens of lottery tickets, then maybe you can get other people to help you out. Lots of offices have lottery pools, in which those who participate put in a specified amount of money, the sum of which can then be used to purchase as many tickets as necessary. If the group wins, the money then gets split up amongst its members.
Use Statistics to Hedge Your Bets.
The lottery is totally random. There’s no doubt about that. However, some numbers do tend to come up more frequently than other numbers. The Powerball’s most frequently selected numbers are 29,20, 33, and 2. Whether you decide to use each of these numbers, or just a couple, or even none, is entirely up to your own strategy.
If you have any questions, feel free to share in the comments.