Ah, the lottery. A mere $1 to $5, for a chance at millions, or at the very least, hundreds of thousands. So millions of people play every day, every week, every month. Some play solo. Others with friends or family; neighbors or co-workers. Some win the very first time they play (that we could all be so lucky!). Others play for years; even decades before they hit the jackpot. And so many more play year after year after year without winning anything more than a handful of change.
So how do you win the lottery? With odds as minuscule as 1 in 23,633,528, it’s all down to Lady Luck, right? So grab all the rabbits’ foot you can get your hands on (eww), four-leaf clovers, horseshoes (good luck getting that through airport security) or some other superstitious totem, and have them with you while you go play…OR… far more practically, try one or more of the following:
- Study the odds: the higher the odds of winning, the better your chances are. Take the OLG’s Lotto Max for example, with odds as of 1 in 23,633,528 compared to the Daily Keno’s 1 in 2,147,181 (of course, the lower the odds of winning, the higher the jackpot; $10,000,000 (or more) vs $250,000)
- Speaking of odds, lotteries for charities tend to have the highest odds of winning. You also have to fork over a lot more money, but it’s all of a good cause, so no harm, no foul. Common Ontario charities include the SickKids Lottery, Heart and Stroke Lottery, and CHEO Dream of a Lifetime Lottery – see this link for a more comprehensive list – where odds can be as high as 1 in 2.
- Pool your funds: Instead of playing in every draw, perhaps you could try pooling your funds, and playing in a biweekly or monthly draw. While 5 in 23,633,528 (i.e 1 in 4,726,706) is still miniscule, you’ve technically improved your odds by a factor of 5.
- Join a group: Similar to pooling your funds, you could join a group of friends, colleagues and/or co-workers to help improve your odds of winning. Of course, that means you’ll need to share the dough. Plus, there might be a possibility of in-fighting if there’s a big ticket win. So, if you do decide to join a group, make sure all Contributors are well documented. The OLG has a few tips here: https://lottery.olg.ca/en-ca/learn/group-play
- Join my group, an online lottery group of Toronto residents, because, you never know, we just might win. Just comment below, or send me an e-mail.
Whatever you decide, Goodluck!!!! And may Lady Luck be with you.