The chances of winning the lottery are pretty slim! The chances of a jackpot win in the Euromillions Draw, for example, is approximately 1 in 76 million alone. That’s almost an unthinkable number, but how do we increase the odds of a win?
The easiest concept to imagine is to buy more tickets, so, if you were to purchase an additional 9 tickets, bringing the total to 10, then you will have significantly reduced the odds to approximately 1 in 7.6 million. These are still very long odds and you must ask yourself if it is actually worth it!
Buying more tickets is not really an option for most people, so the next best thing to do is to play in a lottery syndicate. Lottery syndicates are run, usually, by groups of friends, families, workplaces and colleagues.
Playing in a lotto syndicate can significantly increase your chances of winning the lottery.
Lets look at an example:
A lottery syndicate of 36 members decides to buy 36 lottery tickets in a lottery that runs at an average odds of approximately 1 in 76 million, by purchasing that number of tickets you have already increased your odds by 36 times, or in other words the odds are now 1 in 2.1 million. The downside is that the win has to be shared among all of the 36 syndicate members, however, a large prize shared among 36 members can still represent life changing amounts of money.
Lets say that we start to apply some math to this and consider buying certain combinations of numbers, perhaps where one of the winning numbers is always guaranteed, or, as with the euro millions the two bonus ball numbers (1 to 12) are always guaranteed for the syndicate. This then makes the lottery syndicate a slightly more attractive proposition.