Beat the odds of the Scratch Off Lotto Ticket

A lot of people spend Billions of dollars each year on scratch off tickets alone in hopes of winning big. However, most people don’t know that statistics plays a vital role when playing the lotto. By law the estimated overall odds of winning are stated on the back of the tickets, so if you buying a $1.00 scratch off that puts you at winning 1:8. This means that for every $8 you spend you have one shot at winning something including a break even prize or getting your buck back. More than likely if you spend one dollar your chances are low on winning something, resulting in the loss of your buck and the biggest prize you could win is an average of about a grand. The $10.00 scratch off tickets have an estimated 1:3 odds of winning including a brake even prize, but you can win higher prize amounts. So for every $30 you could possible win $10 or more (possibly losing $20).

Well how do I beat the odds then?

If you play our $10 scratch off ticket for example, what you do is buy one and scratch it. If you don’t win that means that the next ticket could be a winner, so buy a second one. If you win on your second try stop, because you would need to buy an additional four tickets to have a chance at winning something again. Make sure you buy the same lotto ticket and not a different one. If you don’t win on the second try buy the third one that should be a winner, keep in mind that they are estimated odds and not actual odds so be careful and don’t take this as gospel. Just some tips to help you if you’re an aficionado. At least if you’re educated you won’t blow your money on trying to hit a small prize using this tip.

Remember to always look at the back of the ticket to see what the odds are. The odds state here are for example purposes only.

-Jason

Admin’s Comment: This advice was submitted by one of our readers. See our disclaimer about our advice.