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Spending too much on Lotto Tickets?

Topic closed. 46 replies. Last post 7 years ago by konane.

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FL
United States
Member #77284
July 19, 2009
60 Posts
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Posted: July 19, 2009, 1:47 am - IP Logged

Hi, first post here   :D

 

I play the multi-state lotteries a lot. I mean, A LOT!

 

I play the Powerball and the Florida Lotto mostly.


I spend about $50~$80 per drawing. Usually $10 on FL Lotto and $40~$50 on Powerball. When Powerball gets past $100million, I often play 100 tickets for Powerball. Ive been doing this for about 2years now and so far, my losses far exceed wins. To be frank, I average about $7 return on every $100 spent (it averages to about $90 in losses every week).

Should I continue to spend such amount on lottery?

I spent $4720 in 2008, roughly 3000 tickets, and I havnt won anything bigger than $500 in 2008.

Any suggestion as to how to improve my chances of winning?

Should I play all QP? (I do half QP and half random numbers I bubble in at home)

Should I choose all my number? (that will be lot of bubbling haha)

Should I play the same set of 50 numbers every week? (instead of QP and refilling new sheets with more random numbers)

 

I must have the worst luck.

 

I bet for some of you guys on this site, if you had the opportunity to play 100 lines a week, many of you would have hit the jackpot or the one below that by now lol.

 

Btw, I'm not looking for a constant profit. Sure playing pick 3 and pick 4 can achieve that, but $300 or even $5000 isnt worth that much to me. I'm not trying to sound pompous. I just have enough income to budget about $500/week on entertainment and I just allocate $100 on lotto. I'm a pediatrician, with income thats barely over six figures. So with the student loan still left to pay and along with other bills, by all means I'm not wealthy.

Edit: I only desire to win something that is life changing. I didn't mean to snub at those who play pick3/pick4. I apologize for the misunderstanding and if the statement above sounded pretentious.

The weekly $100 lotto frenzy drives my wife crazy, but she really doesnt have a say in this. Her "shopping" budget is $100 more than my weekly entertainment budget and I dont see why I can't enjoy spending $100 on something that gives me joy.

 

Well her usually argument is... "If you spend $100 clothes, you have something in your closet. You spend it on lotto, you have nothing left in your hands! For pete's sake, spend it on something else!"

Haha,

I'm sorry, it seems I went bit off topic.

 

What should I do my fellow lottery hopefuls? Should I continue to spend $100/week or should I scale down?

    justxploring's avatar - villiarna
    Wandering Aimlessly
    United States
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    November 5, 2005
    4461 Posts
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    Posted: July 19, 2009, 2:46 am - IP Logged

    "I only desire to win something that is life changing"

    There are over 305 million people in the United States.   I don't know how many people in total play the lottery regularly, but most of them feel the same way. 

    "I bet for some of you guys on this site, if you had the opportunity to play 100 lines a week, many of you would have hit the jackpot or the one below that by now."

    Not necessarily.  Some people have played the Lottery for 25 years and have never won more than $500.  Some people win a PB or MM jackpot the first time they ever buy a ticket.

    "I just have enough income to budget about $500 a week on entertainment."

    You've got to be joking! 

    "Should I continue to spend $100/week?"

    Depends.  I spent $9 tonight (no wins) and average $100 a month and think that's too much.  However, if you really blow $500 a week on "entertainment" then $100 bucks isn't that much, although I can think of better ways to spend it.  After all, the more you play, the more chances you have of winning, but there's no guarantee that will happen.  By the way, I agree with your wife, although I don't spend $100 a week on clothing either.

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      United Kingdom
      Member #31295
      January 27, 2006
      73 Posts
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      Posted: July 19, 2009, 4:26 am - IP Logged

      If you're spending that amount of money per week then, in my opinion, you should have won more than $500 in a year - but not necessarily the jackpot. Hitting a lottery with a large number of tickets seems to work on paper but come reallity its never worked for me.

      I would say cut back on the lottery tickets and invest your money where you're almost certain of a return.

        BobP's avatar - bobp avatar.png
        Dump Water Florida
        United States
        Member #380
        June 5, 2002
        3104 Posts
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        Posted: July 19, 2009, 4:40 am - IP Logged

        Not to say you can't win with Quick Picks, but to do so you have to buy them with a six pack of beer and wearing an irregular polyester shirt while driving a Ford Pinto.

        Otherwise, if you don't have a plan to win, you are throwing your money away.   Can't say you will win, just saying you can get closer to winning.

        BobP

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          florida
          United States
          Member #76332
          June 24, 2009
          21 Posts
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          Posted: July 19, 2009, 8:19 am - IP Logged

          Hi, first post here   :D

           

          I play the multi-state lotteries a lot. I mean, A LOT!

           

          I play the Powerball and the Florida Lotto mostly.


          I spend about $50~$80 per drawing. Usually $10 on FL Lotto and $40~$50 on Powerball. When Powerball gets past $100million, I often play 100 tickets for Powerball. Ive been doing this for about 2years now and so far, my losses far exceed wins. To be frank, I average about $7 return on every $100 spent (it averages to about $90 in losses every week).

          Should I continue to spend such amount on lottery?

          I spent $4720 in 2008, roughly 3000 tickets, and I havnt won anything bigger than $500 in 2008.

          Any suggestion as to how to improve my chances of winning?

          Should I play all QP? (I do half QP and half random numbers I bubble in at home)

          Should I choose all my number? (that will be lot of bubbling haha)

          Should I play the same set of 50 numbers every week? (instead of QP and refilling new sheets with more random numbers)

           

          I must have the worst luck.

           

          I bet for some of you guys on this site, if you had the opportunity to play 100 lines a week, many of you would have hit the jackpot or the one below that by now lol.

           

          Btw, I'm not looking for a constant profit. Sure playing pick 3 and pick 4 can achieve that, but $300 or even $5000 isnt worth that much to me. I'm not trying to sound pompous. I just have enough income to budget about $500/week on entertainment and I just allocate $100 on lotto. I'm a pediatrician, with income thats barely over six figures. So with the student loan still left to pay and along with other bills, by all means I'm not wealthy.

          Edit: I only desire to win something that is life changing. I didn't mean to snub at those who play pick3/pick4. I apologize for the misunderstanding and if the statement above sounded pretentious.

          The weekly $100 lotto frenzy drives my wife crazy, but she really doesnt have a say in this. Her "shopping" budget is $100 more than my weekly entertainment budget and I dont see why I can't enjoy spending $100 on something that gives me joy.

           

          Well her usually argument is... "If you spend $100 clothes, you have something in your closet. You spend it on lotto, you have nothing left in your hands! For pete's sake, spend it on something else!"

          Haha,

          I'm sorry, it seems I went bit off topic.

           

          What should I do my fellow lottery hopefuls? Should I continue to spend $100/week or should I scale down?

          statistics shows that most ppl who win big, win by playing with very few tickets less than $5 so choose wisely.............Smiley

          never take advise from someone unless you are willing to live their lifestyle

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            FL
            United States
            Member #77284
            July 19, 2009
            60 Posts
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            Posted: July 19, 2009, 8:49 am - IP Logged

            but didnt that whittaker (dont know if thats the name) family/guy won couple hundred million dollars by playing $100 worth of powerball tickets? (sorry if i'm wrong, im not much of a lottery historian haha)

             

            and i heard from some that more than half of notable winnings are from QP. is that true?

              RJOh's avatar - chipmunk
              mid-Ohio
              United States
              Member #9
              March 24, 2001
              19828 Posts
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              Posted: July 19, 2009, 10:42 am - IP Logged

              I spend about $50~$80 per drawing. Usually $10 on FL Lotto and $40~$50 on Powerball. When Powerball gets past $100million, I often play 100 tickets for Powerball. Ive been doing this for about 2years now and so far, my losses far exceed wins. To be frank, I average about $7 return on every $100 spent (it averages to about $90 in losses every week).

              If you check the amount a winning combinations would had won before it was drawn had you played it since the game begin, it's usually somewhere between 5% and 11% of that cost so your $7 return on $100 spent is normal.

               * you don't need to buy more tickets, just buy a winning ticket * 
                 
                           Evil Looking       

                rcbbuckeye's avatar - Lottery-043.jpg
                Texas
                United States
                Member #55889
                October 23, 2007
                5603 Posts
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                Posted: July 19, 2009, 12:04 pm - IP Logged

                RJ is right. So far this year I spent $159 on MM and won $8, a 5% return. On Tx Lotto I spent $118 and won $6, a 5% return. See a pattern here? And this is pretty much the case every year. With Tx 2 Step I spent

                $207 and won $56, 27% return, but much lower odds and much lower jackpots. Generally, each year with P3 and P4 and Cash 5 included with the jackpot games I'll get about a 15% return on what I spent.

                So, you spend $100 a week and you are getting a 7% return which is right on target. That is why ( along with the fact that I can't afford it) I would never spend that much money on the lottery. Yeah, buying more tics gives you more chances, but in a jackpot game with the kind of odds we are up against, it just doesn't make that much of a dent in the odds spending that much.

                Like you, the P3 and P4 doesn't do a whole lot for me, but the fact is I know I could turn a profit playing P3, or at least break even. I do play them, but just a buck at a time when I think a number is going to come up. For me, it comes down to where do I want to spend my money, because if I really got serious about playing P3 again, I would play $10 - $20 bucks a day, and win some money. I just decided that it's too much work to win a small amount.

                However, to each his own, not to knock P3 P4 players.

                I can't knock how you play. If you have the $, go for it. But I do believe that you will achieve the same results spending a lot less, and with a little strategy give yourself a chance to win something substantial (with a little luck for good measure).

                Good luck, and welcome to LP.

                  Avatar

                  Denmark
                  Member #54508
                  August 21, 2007
                  39 Posts
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                  Posted: July 19, 2009, 12:36 pm - IP Logged

                  Hi, first post here   :D

                   

                  I play the multi-state lotteries a lot. I mean, A LOT!

                   

                  I play the Powerball and the Florida Lotto mostly.


                  I spend about $50~$80 per drawing. Usually $10 on FL Lotto and $40~$50 on Powerball. When Powerball gets past $100million, I often play 100 tickets for Powerball. Ive been doing this for about 2years now and so far, my losses far exceed wins. To be frank, I average about $7 return on every $100 spent (it averages to about $90 in losses every week).

                  Should I continue to spend such amount on lottery?

                  I spent $4720 in 2008, roughly 3000 tickets, and I havnt won anything bigger than $500 in 2008.

                  Any suggestion as to how to improve my chances of winning?

                  Should I play all QP? (I do half QP and half random numbers I bubble in at home)

                  Should I choose all my number? (that will be lot of bubbling haha)

                  Should I play the same set of 50 numbers every week? (instead of QP and refilling new sheets with more random numbers)

                   

                  I must have the worst luck.

                   

                  I bet for some of you guys on this site, if you had the opportunity to play 100 lines a week, many of you would have hit the jackpot or the one below that by now lol.

                   

                  Btw, I'm not looking for a constant profit. Sure playing pick 3 and pick 4 can achieve that, but $300 or even $5000 isnt worth that much to me. I'm not trying to sound pompous. I just have enough income to budget about $500/week on entertainment and I just allocate $100 on lotto. I'm a pediatrician, with income thats barely over six figures. So with the student loan still left to pay and along with other bills, by all means I'm not wealthy.

                  Edit: I only desire to win something that is life changing. I didn't mean to snub at those who play pick3/pick4. I apologize for the misunderstanding and if the statement above sounded pretentious.

                  The weekly $100 lotto frenzy drives my wife crazy, but she really doesnt have a say in this. Her "shopping" budget is $100 more than my weekly entertainment budget and I dont see why I can't enjoy spending $100 on something that gives me joy.

                   

                  Well her usually argument is... "If you spend $100 clothes, you have something in your closet. You spend it on lotto, you have nothing left in your hands! For pete's sake, spend it on something else!"

                  Haha,

                  I'm sorry, it seems I went bit off topic.

                   

                  What should I do my fellow lottery hopefuls? Should I continue to spend $100/week or should I scale down?

                  Well believe it or not , I have some discoveries with lottery and if any one challenges me I cant win a lottery he is a fool, as if I have to certainly win I can and under all cirumstances I can win guranteed one is 20 tries.

                   

                  Now if you guys ae really keen to win lotttery i amy need someone to arrange a seminar on thiis subject, or else welcome to call me and chat for a while i am in Denmark-Europ and I do have land line tel in NY USA and the call will be diverted to Denmark.

                   

                  About the florida lottery.. all lottery games upto 90 numbers and no poweball etc are easier to win and easier for me to construct the winning numbers but games with pwoerball means play every game with all the powerballs- that is extremly expensive...

                  Further games with even numbers are more easier like 90 numbers in Super ena lottery-does not matter the 1:900 million chance to win or mega sena 60 numbers numbers 1-49  or 1-43 odd is more diffficult.  I am a guy who is running a company winning for people lottery and so far my winnigs in 16 years is around US$140 million after tax and in 16 years the total amount spent to win this amount is 1.6 million $ that is 10 % of the winnings....

                   

                  God had given us brains and I know exactly how to win a lottery with brains.

                   

                   

                   

                  World Keno Lottery Specialist


                    United States
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                    June 1, 2009
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                    Posted: July 19, 2009, 12:41 pm - IP Logged

                    Just my opinion that with odds of over 195,000,000 to 1 for PB, I would be wasting my money. I Just play a buck QP and hope I overcome the astronomical odds.

                    When Florida finally got PB a few months ago, the local newspaper had an article that quoted a scientist who compared winning a JP with PB has the same odds of getting hit by a meteorite.

                    I have a friend at work who plays about 40 to 60 bucks a week, mostly on Fantasy five, and he's always broke. I try to tell him about the odds, but it just goes out the other ear. I keep telling him that trying to beat the p-3 is a good indication of how well someone fares when trying to beat bigger games. If you can't beat the p-3 with only a 1000 to 1 odds, enough to make a consistent profit, why in the world would you think you have a chance with hundreds of thousands, or millions of odds? But he just doesn't get it.

                    If I ever hear somebody say "Well, somebody wins just about every week" one more time, I'm gonna lose it..........WELL DUH ! But there are millions of losing tickets so that one person can win. No one likes to look at that though. I don't mean to sound negative, but I'm realistic.

                    With Lotto, you might have a better chance of about 50 million to 1....ROFL

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                      Denmark
                      Member #54508
                      August 21, 2007
                      39 Posts
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                      Posted: July 19, 2009, 12:48 pm - IP Logged

                      If you're spending that amount of money per week then, in my opinion, you should have won more than $500 in a year - but not necessarily the jackpot. Hitting a lottery with a large number of tickets seems to work on paper but come reallity its never worked for me.

                      I would say cut back on the lottery tickets and invest your money where you're almost certain of a return.

                      IF you are in UK I can certainly help you win the thunderball within2 years for as low as 12 number combo per draw tries per draw. rest is mentione d in the thread.


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                        Posted: July 19, 2009, 12:48 pm - IP Logged

                        Good for you. I personally don't trust lottery pools that I can't verify in person. I don't like sending money to some Joe Shmo I've never met by mail.

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                          Denmark
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                          August 21, 2007
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                          Posted: July 19, 2009, 12:50 pm - IP Logged

                          to win the lottery is easy i mentioned of it no the thread


                            United States
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                            Posted: July 19, 2009, 12:56 pm - IP Logged

                            to win the lottery is easy i mentioned of it no the thread

                            I hope you mean lower tier prizes. If it was easy to win the JP, some brilliant mathemetician would have figured it out already, and he would be under investigation because of multiple wins.

                            We already had a guy in here who claimed the same with p-3 only to be shown he was full of it.

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                              FL
                              United States
                              Member #77284
                              July 19, 2009
                              60 Posts
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                              Posted: July 19, 2009, 12:58 pm - IP Logged

                              no steve, 1.6 million is not 10% of $140million.

                              you dont even have the math right.

                               

                              so much for being a keno lotto specialist eh?

                               

                              more like Nigerian Prince, the Lotto Charlatan.