Improve You Chances of Winning $450M With Lottery Pools
This week the Powerball jackpot is worth an incredible $450 million and of course this has caused a significant rise in the number of people interested in playing the lottery. With such an astronomical sum on offer there is a chance some someone’s life will truly be transformed by the draw on Wednesday.
As a result many people are wondering how they can play and how to better their chances of winning. One popular option is to create an office pool. The idea is very straightforward, a number of people will put money into a pot which is used to buy multiple tickets, this improves the odds of winning and if one of the tickets wins then the pool will split the winnings amongst the participants.
There is no limit on how many people can pool together, for example recently there was a group of 13 people from Ypsilanti that won $1 million from a Mega Millions drawing. However, there are a few things to keep in mind.
Some employers do not allow their employees to form lottery pools, while it is completely legal it is not that uncommon for it not to be allowed in the workplace. It is also essential to make sure that everyone in the pool understands the rules and what they would be entitled to if the pool buys a winning ticket. If not everyone is contributing the same amount of cash then it is necessary to work out what percentage each person deserves if the pool wins.
This is in fact extremely important, a few years ago there was a case of a woman in Florida who had been contributing to a lottery club for nine years but she wasn’t at work the day that they bought a ticket which won $16 million. Because the group weren’t entirely clear on their own rules it resulted in years of legal battles and resentment amongst the participants.
As a result many people will choose to avoid these lottery pools and instead go it alone. There are still some techniques which can help increase your chances of winning. For instance it is possible to look at previous draws for the most commonly drawn numbers and simply pick the numbers that have come up most often in the past. However, it is essential to remember that all the numbers have an equal chance of being drawn. There is also one lottery expert that claims that it is essential for players to pick their own numbers rather than using the Quick Pick option and that playing the same numbers over and over again is a good idea.
Whichever way you decide to go about it, with tickets costing just $2 is would be a shame to miss out on the chance to win $450 million.