Lottery is among the most popular pastimes worldwide, appealing to our inner desire for good luck and good fortune.
Games of chance are as old as humankind itself. Encyclopaedia Brittanica records the earliest account of drawing lots to redistribute wealth back to the Old Testament, in Numbers 26:55-56, where Moses is instructed to divide the land to his people by means of a lottery.
Yet, lottery in the modern sense first appeared in 15th-century Europe and has evolved through the years to become part of popular culture and even to accommodate public goals – for example, part of the British Museum was financed by the UK’s National Lottery, most recently by gifting £10 million for its World Conservation and Exhibition Centre (WCEC).
The lottery may be the most widespread game of luck but it is not the only one where people bet on numbers – which makes other casino games strategies very useful for lottery players.
In games like poker and blackjack, statistics play an important role – which is why many players, including celebrated MIT Maths Professor Edward Thorp, tried to beat the odds with elaborate strategies.
These approaches are not exactly helpful in the lottery but bankroll strategies that apply to roulette, like the Martingale Method explained by Betway, are far more useful. The method is so popular that there are even books about it on Kindle and Amazon; in essence, though, it's all about managing your betting money.
As with roulette, in lottery, you can get a range of winnings, from small amounts of money that will just cover your bet to the ultimate jackpot.
The Martingale Method advocates a counterintuitive strategy – double your bet after losing. That means that if you lose 2 dollars, you need to bet 4 on your next lottery ticket. If you win, this means you made up for the money you lost and then won some.
The end goal is to make more than you lose, but there is always the downside of no guaranteed wins, which means that, if you are stuck in a losing streak, the Martingale Method might not be very helpful.
What any casino player will admit is that the single most important thing when playing games of chance, besides luck itself, of course, is having a sound bankroll strategy. This means knowing how much money you start with and how much you can spend.
Since, in lottery, the probability of each ball drawn is equal, meaning that the game is completely random, there is no specific approach that will make sure you win. Instead, it is very important to manage your funds wisely – which will ensure that you can keep on playing and thus increase your chances of ultimately scoring a significant win.
There are many diverse strategies for how to manage your bankroll developed by devoted poker players and it is worth doing some more research to identify which one suits you best.
The main points, however, are the same across all casino games: it is important to set aside a specific amount of money that you are going to invest in your game, which is directly relevant to regular lottery players, too.
This amount must be set in advance and not mixed with other funds like savings or projected earnings; separating your bankroll from the rest of your finances will increase the sustainability of your lottery playing.
The specific amount will depend on your financial situation but it is also good advice to split it: use half of it for your weekly betting, and leave the other half stashed away for when you want to bet some more on an appealing once-in-a-lifetime jackpot.
Even though lottery is random, the outcomes of specific balls being drawn are not perfectly independent, which means that there is some sense in analyzing the lottery and identifying trends.
While some casino game enthusiasts subscribe to the Chaos Theory – in the lottery, it would translate to placing random bets on random numbers and wait for luck to strike – there are many more who adopt a specific pattern in betting. There are the so-called safe bets in roulette, where players bet on just red or black – which increases their chances of winning but limits the amount of money that could be won.
The same could be done in lottery, depending on the specific lottery game you choose – in some versions, you have the option to place bets on fewer numbers or just the jackpot number.
The opposite is an equally good lottery strategy that is also used by roulette players: cover as many numbers as you can. Roulette players use this approach in order to increase their chances of winning, especially when they have identified a trend in numbers that come up often.
According to your finances – and this is where bankroll strategy becomes important again – you could also adopt the approach of getting multiple tickets and playing multiple numbers to increase your odds.
There is not one strategy that is suitable for everyone in lottery – choose the one that you find most appropriate to your personality and finances. And, remember, as all casino players do, that the number one rule is to know the game you are playing.
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