Forbes – Investing Information and Investing News –”,”description”:”Forbes is a leading s

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-900956704&q; src=&q;×0.jpg?fit=scale&q; data-height=&q;634&q; data-width=&q;960&q;&g; (Photo by Justin Sullivan/Getty Images)

Getting rich quickly is everybody&a;rsquo;s dream. Some want to become rich for the amenities and the trophies wealth offers: lavish houses, luxury cars, elegant yachts, expensive clothes, dining extravaganzas in the best restaurants, and travel to exotic destinations. Others want to become rich for financial freedom, independence, and the security wealth provides.

There are a couple of ways this dream can come true these days.One of them is to join the cryptocurrency mania, searching for the next Bitcoin, Ethereum, and Ripple that could bring you astronomical returns in a short period of time. But you may lose all that money quickly if you end up picking the wrong coin.

Another way is to buy tickets for the next drawing of Powerball and Mega Millions, with jackpots exceeding $400 million this week.

As of this writing, the Powerball estimated jackpot is $550 million and Mega Millions has an estimated jackpot of $445 million.

The trouble is that the chances of winning either jackpot are extremely low, and remain the same in every drawing, no matter how high the jackpot is.

But there three things you can do to raise your chances of winning the jackpot, according to seven time lottery game grand prize winner Richard Lustig.

&a;ldquo;The three things you can do to increase your chances of winning a lottery game is to pick your own numbers and stick with them every time; set a budget; and never spend rent or grocery money to play a lottery game,&a;rdquo; says Richard.

Really? Let&a;rsquo;s take one tip at a time.

1.Pick your own numbers and stick with them every time. This tip is mathematically incorrect. Powerball and Mega Millions are based on random drawings. This means that every number has equal chance no matter how it is picked. So, save the energy wasted on searching for birthdays or other lucky numbers.

2. Set a budget. That sounds like a prudent advice, so you won&a;rsquo;t go bankrupt by betting all the money you have on lotteries. But it has nothing to do with raising your chances of winning the next lottery jackpot.

3. Never spend rent or grocery money to play a lottery game. That&a;rsquo;s prudent advice, too, so you don&a;rsquo;t end up hungry and homeless. But it won&a;rsquo;t raise your chances of winning the next jackpot either.

Simply put, Richard&a;rsquo;s tips are either mathematically wrong or irrelevant to the question at hand.


That raises serious questions on whether and how Richard won the grand lottery prize so many times. And Richard&a;rsquo;s publicist didn&a;rsquo;t respond to a request to provide the list of his prizes, the amount of his winnings, and the sum of money he has spent to win these prizes.

So, is there anything lottery players can do to raise their chances of winning the next jackpot?

Yes. Join a lottery pool, provided they are willing to share the jackpot with the other members of the pool, as was explained in a previous piece &l;a href=&q;;&g;here&l;/a&g;.


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