5 Characteristics That Make A Profitable Lottery - For The Player
Over $120,000,000,000 are spent on lotteries each year in the US, Canada, UK and around the world. It's obviously a very profitable venture. But with only an average of 30% being given back to the lottery players it's not the players who are profiting. Yet.
Let's examine the 5 characteristics that a player can evaluate to determine if a lottery will be a profitable lottery system? for them.
1.) "How easy is it for me to play?"
The act of purchasing a ticket is definitely not rocket science. Anyone can do it. But the physical act of leaving your house, driving to a location that sells tickets and waiting in line can seem a nuisance - especially when it's out of your way or you have other things to do.
Online lotteries have started popping up over the past few years. Some are sites that will buy your lottery tickets for you - of course you must pay them an extra "service fee" to do it. Other online lottery sites offer free registration into their drawings but then flood you with spam, pop-up ads and even spyware.
Be sure to consider all the entry fees and criteria for entering and winning. If entry in the system is free? be sure to question why.
2.) "How much can I win?"
Traditional lotteries only pay out 25%-35% of the profits they take from players. Since their jackpots are calculated based on estimated players, there are limits. They are designed to win when the player loses - that's why there are no guaranteed winners.
Be sure to look beyond just the large jackpot number (usually flashing in some trance-inducing neon color). Evaluate how much you have to pay for each chance to win compared to your odds for winning.
Look for lotteries that are designed to win because the players win.
3.) "What are my odds of winning?"
The majority of lottery players do not ask one of the most important questions? "What are my chances of winning?"
Traditional lotteries display huge jackpot amounts and use colorful neon signs to mesmerize players and distract them from thinking about anything other than what they are going to buy with all that money when they win.
Unfortunately, the majority of lottery systems are developed with the odds stacked greatly against the player. You may see a million dollar number flashing in neon green but let's evaluate the real odds of winning a cash prize using the Power Ball drawing as an example.
1 in 74 win $3.00 with PowerBall
1 in 118 win $4.00 with PowerBall
1 in 605 win $7.00 with PowerBall
1 in 8879 win $100.00 with PowerBall
Yes, you read that right. You have a 1 in 605 chance of winning $7. The average lottery player spends more than this to enter the lottery. Be sure to research whether the odds are stacked in your favor or against you.
4.) "How many different ways can I win?"
Traditional lotteries give you one chance to win for each entry you purchase. Whether you are picking numbers or buying a scratch off ticket, if you buy one ticket, you get one chance to win. Period.
One chance is not good enough. Look for a system where you can receive more than just one chance to win per entry. Look for a system where you, the player, have more control over your chances to win.
Although extremely rare, you can find a lottery system where your chances of winning are completely up to you.
5.) "What's the risk?"
With traditional lotteries, your risk is unlimited. Since there are no additional built in opportunities to win, you will be charged for each chance you want. Your bank account can dramatically get smaller depending on how many tickets you purchase, yet your odds will not increase in proportion.
Find a lottery system that keeps your investment to a minimal and let's you determine how many chances you have to win? without having to pay anything additional.
A good lottery system should take the risk out of playing by leveling the playing field and putting the opportunity to win with the player - which is where it belongs.
WeeklyWinning. com is so simple, so powerful, and so profitable for the players? it just makes sense. We look forward to making you a winner.