What are the real chances of winning the jackpot?

Many people have gone gaga over all forms of gambling. Some have lost their entire fortune on them and some became overnight millionaires. With lotteries left and right, with millions of prizes at stake, what are the chances that you will win the jackpot?

Sure, the prizes are so enticing, with the Powerball jackpot at USD 570 million and the Mega Millions at USD 450 million. Of course, the more tickets you buy, the more chances of winning. But did you know that your chances are 1 in 292 million and 1 in 302.5 million for the Powerball and Mega Millions respectively? You are more likely to be killed by a shark, with a 1:1.9 million probability. Don’t like these odds? You can also try the online casino jackpot. Sure, the jackpot price is lower compared to the Powerball en Mega Millions, but the chances of you winning is a lot higher.

If you are still determined to play with Lady Luck, you can keep these tips in mind:

Have your favorite numbers and play them consistently

If you feel “good” about a certain set of numbers, bet on them, not only once but several times, over a period of time. You can even change the set or order, just to spread the chances of winning more. And don’t be confined to birthdays. That limits your number choice to 31. Go beyond that.

Be cautious when getting Quick Picks

Some regular winners say Quick Picks increase your chances of winning, while others preach the opposite. The thing about Quick Picks is that the numbers are generated by a computer and they may contain different sets of numbers, which increases the odds of losing.

Know your limits

Gambling can be addicting. There is always this feeling of “what if.” It is best to establish a given budget for it. As long as you don’t use your grocery money, rent money, school money, and only use your allotted budget, you’ll be fine. Be careful not to be caught by lottery fever. You can also ask someone you trust to keep you in check in case it becomes difficult for you to control your urges and already have a tendency to go over your budget.

Just remember that if you think you can rely on the lottery for your retirement or that college fund or money to buy a new house, you have another thing coming. You cannot rely on the lottery to get you out of debt or get you your needs and wants. Just think of it as a casual way to enjoy yourself. Just have fun with it. Just don’t bet your bottom dollar on it.