Save Money to Buy More Lottery Tickets and Improve Your Odds

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Budgeting is king. In fact, this step is the crucial part of your lotto-playing strategy. You don’t want to sacrifice your groceries just to play the lottery.

Failure to save money for a lottery game means a big disaster.

There is nothing wrong with dreaming of becoming a lottery jackpot winner one day. But you have to do it with the right mindset.

You need more money to play more lines

Mathematically, it’s better to play once a year with 100 lines than playing just one line every draw for 20 years.

But playing many lines is not cheap.  So it’s important that you save money to implement your plan.

And why you have to save money?

You save money because it is not proper to play the lottery if you don’t have some money.

Watching a movie, buying a football ticket, and playing the lottery are all the same.

You can do them when you have the money.

And talking about budgeting, they fall into the category of “entertainment.”

For all I know, you get some budget for entertainment when you have some extra to spare after all the important things have been considered re food, bills, school, rental, etc.

For the lottery, apparently, the more lines you need, the more necessary it is to save money.

The whole idea of saving is to protect you from overspending money on entertainment and neglect other things that are most essential.

In the lottery, winning more often is not likely.

Plan your games to save money

In playing lottery games, expect to have more instances of losses than winnings.

Let us look at The Lotto 6/52 game from Illinois Lottery.

We discussed this in a separate article, but it is worth mentioning here too.

This table shows an incomplete list of Lotterycodex patterns applicable for Illinois Lottery Lotto 6/42. Pattern #1 has expected frequency of 101 in 2,000 draws, expected frequency of 253 in 5,000 draws and approximate interval of 20.

Playing with the best pattern, pattern #1, you will have 101 opportunities to match the winning combination in 2,000 draws.

Sticking to the best pattern will be helpful to you since the best patterns will always dominate the game to infinity. Each of the 84 Lotterycodex patterns for a 6/52 game will appear in the number of draws like 2,000 and 5,000.

The best patterns #1, #2, #3, #4, #5, and #6 will have the highest estimated frequencies among all patterns. As you could see, however, even the best patterns will not appear in all draws. With a ratio of 1 to 20, there is one chance to match the winning combination in 21 attempts.

See here that the number of losses is 19 times greater than the number of successes. While you might think of this as a disadvantage, why not shift your perspective instead?

Think of this not as losses, but as an opportunity to save money. If the pattern occurred today, then it is unlikely to occur again tomorrow or the day after tomorrow.

The table above shows that pattern #1 has an approximate interval of 20 in between occurrences so you can use this as a reference. Nonetheless, keep in mind that this is only a ballpark figure since there is no way to determine the exact number of intervals. The pattern may occur before or after the estimated interval. Thus, the pattern may occur again after 18-22 draws.

Still, it offers a good chance to save money. You may choose not to play during those idle days that this pattern might not appear. Therefore, you can save the money you would otherwise spend on idle days. This way, you have additional money to buy more tickets the next time you play.

It helps prevent you from wasting money. For this Illinois Lottery game, a player may play up to 25 advanced multiple draws. Now, an unsuspecting player would likely mark the 25 multiple draws since this is convenient.

However, a player who knows about combinatorial analysis knows this is an otherwise avoidable instance of wasting money. Knowing that a pattern will not appear in consecutive draws, he will be smart not to spend money on such play options.

Budget your finances

A common budgeting method is 50/30/20. You allocate 50% on needs like housing, utilities, and house and debt payments. 30% of your monthly income may go to wants. Then, set aside 20% on savings.

Lottery entertainment money falls within the 30% allocation. You may spend it however you want, but it is best to spend it on worthy combinations.

Using the best patterns can save money, or at least spend money on combinations with the best odds. Many players aimlessly spend money on combinations with low winning odds. Yet, a money-smart player knows better.

My best recommendation

Saving money is a skill that you have to learn if you ever want to live in your old age without the money worries.

I suggest you save less on your lottery entertainment.  And you save more for your retirement plan.

You don’t want to put the bulk of your money into the lottery just because you need to play many lines.  Saving money makes you ready for that.

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