Here Is A Guaranteed Strategy To Win The Lottery

There was only one winner of the $425 million Powerball drawing this week, and the ticket was sold at a gas station in California’s Bay Area. As you spend that money in your head, as we inevitably all do, you might wonder how you could win the lottery. You don’t need luck. Here’s a guaranteed winning strategy.

Arguably, this is common sense, but Barbara Friedberg lays it all out and even does the math.

Step 1: Get a jar. Or an envelope. Whatever works for you. (You can even buy purpose-built ones.)

Step 2: When you want to buy a lottery ticket, take the money you would have spent and put it in the jar instead.

Step 3: Deposit this money in a savings account.

Say you spend $20 a week on lottery tickets, between scratchoffs and lotto tickets. If you deposit that money instead, that’s $1,040. If you maintain the savings habit instead of the lottery habit for ten years, assuming that savings account interest rates eventually go up a bit, you could have $11,031 in the account.

Using this innovative lottery strategy, you are guaranteed to win. You can’t say that for a lottery ticket.

BEST WAY TO PLAY THE LOTTERY (YOU’RE NOT GOING TO LIKE IT) [Barbara Friedberg] (via Rockstar Finance)

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  1. oomingmak says:

    Actually this is still pretty lousy advice. With current interest rates for savings accounts being next to nothing, inflation will slowly but surely eat away at your hard-saved earnings.

    A much better plan would be to invest it in something that has at least a higher return than inflation or, better yet, invest it aggressively since you would have spent that money on a useless lottery ticket anyway so what do you have to lose.

    • Baby steps: still better to keep the money than to buy lottery tickets. That’s true, though – you could deposit it in, say, an IRA at the end of the year. Even a savings bond would get you a better interest rate than savings accounts today.

    • SingleMaltGeek says:

      @ommingmak, I think what you mean is that this is pretty basic, Day-1 beginner’s advice, with no sophistication or nuance.

      But it is aimed at those who believe playing the lottery can “pay off”, so it is perfectly suited for its intended audience.

  2. Grey says:

    I don’t play the lottery with any expectation of a payout, just as I don’t buy auto insurance with the expectation I’ll crash my car. I pay my $1 a week just in case the unthinkable happens. If my numbers come up, I’m covered.

  3. C0Y0TY says:

    It’s a guaranteed strategy to get $11,031 after ten years instead of $425 million almost right away.

  4. FusioptimaSX says:

    Since I usually only buy one lotto ticket every few months, it’s really less than even $12/yr. I couldn’t imagine really spending any more than that on something like this. I know the saying “You can’t win if you don’t play”…but I play, just not all the time.