What is the chance of winning the lottery?

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Avatar for Bjorn
Written by
3 years ago


Jackpot Prize: Php 298,773,641.20

Winning Combination: 38-35-11-22-39-47

Number of Winner(s): 1

I guess you are familiar with the information above. Yes it was the lottery result for PCSO 6/55 grand lotto for the March 27, 2021 draw.

Upon hearing the news last night, I have already thought of the next topic to write the next morning. So let’s begin. 

I have tried betting with this lottery thing a couple of times. But never have been a regular bettor. I think the last time I bet was 2 years ago with zero win.

Some people here in our country or I think 80% of common people believe in winning the lottery by luck. 

I have heard stories about the lotto winners who bet only once and then hit the jackpot. There was also a story about a boy who was asked by his father to bet his lotto six-digit numbers on being taken care of for quite some time. But then the boy replaced the last digit and it won the jackpot. 

Some bettors make use of the date of birth combination as they believe those numbers bring luck if they attempt to use it for lottery betting.

What is the chance of winning the lottery? 

It has been said there is a higher chance of winning if you run for a government position during an election than winning the lottery jackpot prize.

“0.0000000000005113857220% is your chance to win the jackpot!”

What has happened to some of the lotto winners in PH?

Mostly lotto winners in PH were commoners. Meaning they were get-rich-quick people that they were not used to handling huge amounts of money before.

So it turns out that the millions of money being won was consumed in a very short period of time.

Reasons why some lotto winners ended up being poor.

  1. One day Millionaire

  2. Sudden increase of family members

  3. Bragging

  4. Lack of motivation to run a business

  5. Poor Mindset

I have gathered here few documentary youtube videos of people that have been given a chance to be rich by lottery:

KMJS: Tondo Lotto Millionaire!

Jessica Soho 14 million Lotto Winner

On the contrary, here is also a guy who’s been betting lotto for 17 years and spent almost 2.3 Million Php but never had a chance to hit the jackpot.


KMJS: Guy spent more than 2.3 million Php just for betting lottery!


Here is also a news video about being said to be the sole jackpot winner. The winner has been doubted because according to some group they have a reliable source in claiming that no one won the said jackpot.

PCSO: Lone winner of P250M of Grand Lotto 6/55

Yesterday's jackpot draw had only one winner. Some lotto bettors are skeptical when there is only one winner of the jackpot prize.

We all know that PCSO or any lottery agency do not reveal the identity of the winners for security reasons. 

However we never know of who really won the jackpot. Did just a homeless person win it, a cab driver, a clerk or a government employee maybe. No one knows. Anyway people can’t stop from thinking things like that.

How about you, have you tried betting on the lottery? Do you think you are lucky? Share it in the comment.

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You may want to support me with my journey here at read.cash, I will highly appreciate it. Ciao!

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Sources:

Probability of Winning the Lottery

What Are Your Odds Of Winning the Lottery?

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Avatar for Bjorn
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3 years ago

Comments

Hi bro is it poosible to play lottery in covid-19 pademic or not? https://pcsolottodraw.com/

$ 0.00
2 years ago

Hey bro. The main reason behind people who are winning the lottery to go poor is lack of financial education. Did you ever read the book Rich Dad, Poor Dad? If you didn't, I highly advise you to do it. It's a life changer. Cheers!

$ 0.01
3 years ago

Thanks for the recommendation bro, I think that is interesting book to read. gonna look for a copy i hope I can find an ebook.

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3 years ago