Tips That Can Help You Win Big in Powerball Lottery

There are an infinite number of lotteries being played all around the world and each country has its own top lottery games that are backed by the countries themselves. Many like scratchcards online and a lot of lottery lovers like Powerball. However, the biggest lottery is in the world with respect to giving out the highest prizes is Mega Millions. Mega Millions is a lottery game that is based in the United States but it can be played by anyone if they can purchase the ticket online.

Many people consider to play Powerball online to be the younger sibling of the Mega Millions but despite Mega Millions being the biggest, it is Powerball Lottery that has given out the largest jackpot prize of $1.56 billion. Yet, many people tend to go for Mega Millions but if they go for Powerball, they would have more chances of winning there than Mega Millions.

At present, the odds of winning at Mega Millions are 1 in 302,575,350 while the odds of winning at Powerball are 1 in 292,201,338. That goes onto the show a difference of 10,374,012 odds and you know very well that even a single odd makes a huge difference in the lottery games. So if you are now interested in playing Powerball, then let me be one of the Lottery Heroes and share some of my insights with you:

Wait for a Draw with Positive Expectation

When playing the Powerball Lottery, your odds at winning the prize are 1 in 292 million. Keeping this in mind, you should wait and let the jackpot prize go all the way to $613 or higher. This figure is known as “positive-expectation” play among the gamblers and experienced lottery players. If you choose to go for this trip, then you may end up gaining more than a dollar in pay-outs for every dollar that you play.

Do Not Stick with a Single Lottery Strategy

When it comes to choosing the numbers on the lottery tickets, it is extremely crucial that you keep changing the strategy. There are millions who stick with choosing the same numbers no matter how many years they have been playing the lottery. When playing lottery games, trying to go for numbers that have been drawn in most of the occasions than the rest. There are many numbers that have been drawn several times in the past three years in the Powerball Lottery. So, you can do some research and choose those numbers and they may come in handy.

Do Not Pick Least Common Numbers

According to the lottery analysts for Powerball, it has been advised that the players should avoid choosing lesser odd numbers. The analysts have stated that in the last three years, the number 23 was drawn 35 times while the number 64 was drawn 37 times. On the other hand, the number 34 was drawn 15 times and the number 35 was drawn 11 times for the same time period.

This goes onto show that 34 & 35 are odd numbers as compared to others so avoiding them while playing would be a wise decision. The most uncommon numbers collected from the results in the last three years are 14, 46, 51, 04, 35, and 34.

Avoid Choosing Date of Births

There is a large group of people who while choosing the numbers to play, tend to go for dates of births. Study shows that people consider themselves more lucky and comfortable with such numbers due to their attachment and sentiments with such numbers that represent people close to them. However, this is what limits people from choosing numbers higher than the range of 1 to 31 in most cases.

The study shows that the majority of the lottery winners went for higher numbers than 31, so it is important that the players must choose all numbers present in the range instead of sticking to specific numbers.

Always Go for Annuity versus Lump Sum

Let us suppose that you end up being lucky and win a huge prize, so the main question would be whether you would like to go for a lump sum or annuity. Annuity means that you receive a fixed figure out of your total prize money every year. On the other hand, in a lump sum, you get all the money once the taxes are deducted.

It has been observed that the majority of the lottery winners opt for a lump sum and end up being broken way too soon. This happens because do not know exactly what to do with that much money and they end up spending it without managing their finances. Then come to the government and federal taxes that they pay no attention to and before they can realize, the water is over their head.

If you choose to go for annuity payouts, then they go on for 20 to 30 years. This means that the money will keep on flowing in for that many years. This way, you will be able to manage your finances accordingly and will not have too much to spend in one go.