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Dollar Cost Averaging Versus Lump Sum Investing Your Lottery Money?

Topic closed. 10 replies. Last post 5 years ago by THRIFTY.

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NEW YORK
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Posted: April 12, 2012, 9:54 am - IP Logged

Lump Sum investing my lottery money increases my chances of winning.

Spending $20 in one Powerball drawing is better than spending $2 in 10 different Powerball drawings.

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PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

    steph219121's avatar - Lottery-029.jpg
    Dayton OH
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    Posted: April 12, 2012, 12:00 pm - IP Logged

    Lump Sum investing my lottery money increases my chances of winning.

    Spending $20 in one Powerball drawing is better than spending $2 in 10 different Powerball drawings.

    Is this how you play? Have you won more smaller amounts this way? I have recently started doing this with our pick 5!

    Lucky Lady O-H-I-O

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      NEW YORK
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      Posted: April 12, 2012, 12:07 pm - IP Logged

      Is this how you play? Have you won more smaller amounts this way? I have recently started doing this with our pick 5!

      Yes, you have zero chances of winning in the drawings that you not participate, but you have increase your chances of winning without spending more money.

      It takes discipline to skip 10 powerball drawings in order to play $20.

      I win more smaller prizes by Lump Sum investing my lottery money in one particular drawing versus spreading it out in different drawings.

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      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

        maximumfun's avatar - Lottery-030.jpg
        Lavender Rocket

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        Posted: April 12, 2012, 12:08 pm - IP Logged

        Lump Sum investing my lottery money increases my chances of winning.

        Spending $20 in one Powerball drawing is better than spending $2 in 10 different Powerball drawings.

        While true, it doesnt apply to those who only play the same 1 set of numbers each and every drawing.  (and yes I have had peeps tell me how silly my choice of style of play is)

        lolol - although if i did that on the ONE night that my numbers came up... had 10 tickets (PB) or 20 tickets (MM) and then one other person shared the pot with me... i believe that they would be rather pissy only getting 1/11 of the pot (PB) with me with 10/11 or 1/21 of the pot (MM) with me with the other 20/21... it would work out great for me...

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          Posted: April 12, 2012, 12:15 pm - IP Logged

          While true, it doesnt apply to those who only play the same 1 set of numbers each and every drawing.  (and yes I have had peeps tell me how silly my choice of style of play is)

          lolol - although if i did that on the ONE night that my numbers came up... had 10 tickets (PB) or 20 tickets (MM) and then one other person shared the pot with me... i believe that they would be rather pissy only getting 1/11 of the pot (PB) with me with 10/11 or 1/21 of the pot (MM) with me with the other 20/21... it would work out great for me...

          My goal is to win a Lottery jackpot someday.

          My lottery playing methods are not the best.

          I do not know everything in life. Good Luck.

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            LottoGuyBC's avatar - Lottery-050.jpg
            British Columbia
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            Posted: April 12, 2012, 1:57 pm - IP Logged

                          Winning

            "You have to be in it to win it!"

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              Egg Harbor twp.south Jersey shore
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              Posted: April 12, 2012, 5:33 pm - IP Logged

              Lump Sum investing my lottery money increases my chances of winning.

              Spending $20 in one Powerball drawing is better than spending $2 in 10 different Powerball drawings.

              THRIFTY,

               i buy stocks w/ dollar cost averaging, and increase the allotment when the stock falls below its 12 month low,

              but how does this apply to lottery ?

              Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                ttech10's avatar - blobdude
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                Posted: April 12, 2012, 6:40 pm - IP Logged

                I used to spend $5 per draw and now I only spend $1.

                I've done better with the $1 across 5 draws than $5 towards 1 draw. So for me it looks like it's better spending less across more draws.

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                  Posted: April 13, 2012, 5:24 pm - IP Logged

                  I used to spend $5 per draw and now I only spend $1.

                  I've done better with the $1 across 5 draws than $5 towards 1 draw. So for me it looks like it's better spending less across more draws.

                  YOU HAVE TO BE IN IT TO WIN IT.

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                  PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!


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                    Posted: April 13, 2012, 5:49 pm - IP Logged

                    Lump Sum investing my lottery money increases my chances of winning.

                    Spending $20 in one Powerball drawing is better than spending $2 in 10 different Powerball drawings.

                     i disagree.

                     

                    i agree with t tech...

                     

                    i mean for gods sake...that whole thread about buying just one line???? and more tickets doesn't improve odds???

                    cmon...

                    is this some sort of illuminati mind trick?P***ed

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                      NEW YORK
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                      Posted: April 13, 2012, 6:35 pm - IP Logged

                       i disagree.

                       

                      i agree with t tech...

                       

                      i mean for gods sake...that whole thread about buying just one line???? and more tickets doesn't improve odds???

                      cmon...

                      is this some sort of illuminati mind trick?P***ed

                      THE CHAOS THEORY.

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                      PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!