The odds of winning the Powerball are 1 in 292 million. That means that if you bought 10 tickets every single week, it would still take you 562,000 years to win the jackpot. Did you catch that? 562…thousand…years.
Let’s face it…it’s just not going to happen.
People are aware of the odds, and they know that they probably won’t win in a million years (funny, this phrase can finally be used literally!), so why do they still play? What makes them think that this is a good idea for them? And what might be a better alternative?
Getting Rich With the Lottery – It’s Just Not Happening
According to the recent Wired magazine article, “The Psychology of Lotteries“, people buy lottery tickets for two main reasons:
It gives them a cheap high – and a chance at becoming a millionaire They lost all hope of becoming rich any other . . . → Read More: Getting Rich with the Lottery – It’s Just Not Happening