Statistically speaking, you’re more likely to die from a bee sting than you are to win the lottery. Similarly, if you’re not careful about putting your money in the right places, you’re more likely to be scammed than to win the lottery.
Probabilities of winning
Choosing the right lottery game for you can be a tricky proposition. The best bet is to stick to the basics and learn which games offer the best payout. Then you can play for as long as you want. There is no guarantee you will win the lottery, of course. The key is to keep in mind that the probabilities of winning vary wildly from game to game. This is true for the lottery as well as the slot machines.
There are dozens of lottery games to choose from, including Australian lotteries. There are also syndicates that can be formed to purchase tickets on your behalf. In Australia, you can even buy lottery tickets online.
Statistically speaking, you’re more likely to die from a bee sting than win the lottery
Buying a lottery ticket is a waste of time and money. The most obvious reasons being that a) the odds are very slim, b) you are not likely to win and c) you are likely to lose. A more interesting option is to take a stab at a lottery scratch off game. These games often have a prize ranging from a few hundred dollars to several thousand dollars.
If you are the type who likes to gamble, a lottery scratch off game may be just the thing for you. There are numerous reasons why you might want to play this type of game.
Scams
Whether by phone or email, you’ve probably been contacted by lottery scams. These scams are perpetrated by con artists who pawn fake lottery tickets or use other tactics to trick their victims. The National Sweepstakes Bureau and the Federal Trade Commission have tips to help you avoid becoming a victim.
Scammers often work in teams. They use escalation tactics to get victims to pay extra money. They also employ fear tactics. They may try to convince you to pay by wire transfer, which is a very insecure method of payment.
If you receive a lottery scam, do not send any money. Instead, contact your state attorney general and the Federal Trade Commission.
Estate planning
Whether you win the lottery, or you get a large inheritance from a friend, it’s important to have a plan. Not only will it help you to protect your assets and earnings, it’ll also ensure your loved ones are cared for if you become infirm or pass away.
One of the first things you should do is to consult a lawyer. They will be able to guide you on how to properly plan for your future and make sure that your assets are distributed as you wish. They also can help you set up trusts to protect your winnings from becoming marital property.