Wednesday, February 24, 2010

Extra income by ... Lotto?

Many people, if not most, would not seem to include games as an interesting topic in the financial planning. But, with the millions of people involved in games of all kinds, and billions of dollars, pounds and euros at stake, why not? Some people gamble strictly for entertainment, but what if you want to play to actually produce income? 

Lotto is one of the most popular forms of gambling. Although no one has perfected the technique or formula to guess the winning combination, many have found out how to make a good profit by guessing the probable winning combinations. Some of them are dependent on mathematics, while some rely on intuition. The best chance you have of finding the winning combination depends on how you use the most vital ingredient needed for daily living - common sense. 

Rather than focusing on expensive strategies that use random combinations, you will need to focus on possible winning combinations. This can be done by simply categorize winning combinations. If you determine, based on historical data that the future jackpot will have several numbers from 1 to 9, you must have a combination of numbers, which will include at least four numbers from 1 to 9 In this way you will not need to buy a larger number of tickets to increase your odds of hitting the big win. By not buying too many tickets you not only save money but also have enough to play another day, which may prove to be your lucky day. 

Playing in a syndicate may also be a good idea, but remember - you have to share your prize money to all members of the consortium, and it means you still have to keep your job and report back to the office the following Monday. Categorization of numbers does not take a lot of brains. Further, what you do is target a group of numbers and try different combinations. For example, if you have deduced that the May 1 to 9 is the combination that you need to focus on, so your mix can be 1,4,6,9,26,30 or 1,2,5,7 , 36.39 or 1,3,8,11,29,45. Now with these numbers, note that your focus is on numbers from 1 to 9, and the other numbers are the ones who have a small chance of being dragged. With this system, even though you might not necessarily win the jackpot, you will definitely win decent amount to finance your future games, and if Lady Luck happens to smile at you, you can forget to work on the following Monday. 

The commonsense approach requires that you play on an informed basis. If you target the group 1 to 9 would be completely foolish to draw four numbers in a series as 1,2,3,4 or 6,7,8,9 in the first four numbers makes it makes your chances of frames jackpot or a small prize virtually nil. This means that you have already lost the game even before the winning numbers are drawn. This equates to literally throwing away your money. 

So how to win lotto? Well, the best strategy is zeroing in on the most likely winning combinations, and then use common sense to arrive at the combination of six numbers. If you follow this practice, every time you play, your chances of hitting the jackpot rises dramatically. If you want to play, do it smart and play to win.

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