Determine the probability of each possible "win." This will depend upon the specific powerball or number game you're playing. If it's a six-digit number that you pick, there are nine possibilities for each position and six different positions. Since each outcome is equally likely, you'll need to calculate a permutation. Alternatively, the odds should be listed in the game's rules.[3]

Georgia Lottery Winning Numbers


Still not deterred from buying a few lottery tickets? You aren’t alone. Millions of people buy lottery tickets every week and don’t expect to win anything back; it’s just a game to them. Heck, I even buy a lottery ticket once in a while, just for kicks. But I never expect to actually win the jackpot, and I would never spend money I don’t have to try to beat such grand odds.

What Do Win Lottery?


In 2008, there were 1.03 deaths per 100 million vehicle miles traveled in the United States. Based on these odds, a lottery player living a single mile from a store selling lottery tickets is four times more likely to die in a car accident driving to the store than to win the Powerball jackpot. Winning doesn’t seem too likely now, does it? Keep those odds in mind the next time you drive to the store to buy lottery tickets!
Consider the tax implications. In the United States, gambling winnings are taxable, but gambling losses are only deductible to offset winnings. This legal asymmetry may affect the math. The double draw promotion that resulted in a 20 percent player advantage before tax considerations is only profitable after taxes, provided the player can purchase the hundreds of tickets required to cover a significant fraction of the 1000 outcomes.
Advertiser Disclosure: The credit card offers that appear on this site are from credit card companies from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.
Consider the tax implications. In the United States, gambling winnings are taxable, but gambling losses are only deductible to offset winnings. This legal asymmetry may affect the math. The double draw promotion that resulted in a 20 percent player advantage before tax considerations is only profitable after taxes, provided the player can purchase the hundreds of tickets required to cover a significant fraction of the 1000 outcomes.
Discover how Manfred Sternberg and Associates can help you through estate planning and commercial litigation. We serve businesses, corporate and partnership clients in Greater Houston and throughout Texas, including such communities as Bellaire, River Oaks, Galleria, Clear Lake, Galveston, Pearland, Katy, Sugar Land, Spring, Tomball, The Woodlands, Montgomery, Alvin, Conroe, Kingwood, Humble, Harris County, Fort Bend County, Montgomery County, Brazoria County and Galveston County.
Discover how Manfred Sternberg and Associates can help you through estate planning and commercial litigation. We serve businesses, corporate and partnership clients in Greater Houston and throughout Texas, including such communities as Bellaire, River Oaks, Galleria, Clear Lake, Galveston, Pearland, Katy, Sugar Land, Spring, Tomball, The Woodlands, Montgomery, Alvin, Conroe, Kingwood, Humble, Harris County, Fort Bend County, Montgomery County, Brazoria County and Galveston County. 

In the Mega Millions multi-state lottery, jackpots are split equally among all winners who match all numbers. If a player could ensure that he wouldn't have to split the jackpot, Mega Millions becomes a smart bet whenever the jackpot exceeds about $420 million, but this calculation doesn't account for the possibility of a split jackpot. It has been theorized that the ticket buying frenzies as the jackpot rises increases the likelihood of multiple winners sufficiently that the jackpot can never get large enough to give a ticket a positive expected value.[5]
Use the singleton method. A few years ago, a statistician discovered a statistical quirk in the production of scratch-off tickets, which can double your chances of winning if exploited correctly.[1] Basically, scratch off games operate under the assumption of "randomness," but can't be produced in a truly random way, because the lottery board needs to keep track of how many winning tickets are in circulation.
Anyone can claim the winning lottery ticket. What makes it officially yours is your signature on the back. Make sure to immediately sign it, and sign it clearly. It’s important to write your name in small letters, and leave room beside your signature. You may want to claim the ticket in the name of a trust, other entity, or partnership, so you will need to have space beside your name to add a title such as “partner,” “trustee,” or “member.”
Buy the correct tickets. Some "match style" or "tic-tac-toe" scratch off tickets are marked with a kind of code you can learn to recognize. Look for the kind of ticket on which you must match "3 in a row" from a given group of amounts. Typically, the outside of the aluminum coating will be marked with seemingly "random" numbers you scratch off to reveal amounts on the inside. If, on a given ticket, game space, you get three $100 amounts, you win the amount listed.
Buying lottery tickets is not an efficient way to increase your personal wealth. For those of you who still think you can beat the odds, there actually is a strategy. The single surefire way to win money from playing the Powerball lottery is to buy 39 tickets, each one hand-picked to contain one of the unique Powerball numbers between 1 and 39. You are then guaranteed to at least win the $3 prize. Sure, it may have cost you $39, but this is one way to “win” the lottery.
Also, never hand over a ticket to a clerk at a lottery location and ask if you've won. Use a computer terminal to determine if you're a winner, ask the clerk for the winning numbers and verify them yourself, or check online or in newspapers to find the winning numbers. It's easy for an unscrupulous clerk to pocket your ticket and tell you it was a loser.
If you are a Jackpot winner in a state that requires your name be publicized, or if you choose to be known as a winner, or if your secret gets out unintentionally, the world will be waiting to meet its newest multimillionaire. Some people will simply be curious, while others will seek a cut of your fortune. Solicitors and the media will seek out your home, your workplace, and your friends and family. While this will not last long, you should leave town with your loved ones for a few days so that you can celebrate your life-changing event in private. Before you go, ask your attorney or spokesperson to handle any questions for you in your absence.
×