You have read about different lottery games and how you can play them. There are many ways to pick lucky numbers. This section contains insider tips and tricks that will help you fine tune your game. What to do and not to do. How to create a budget for lottery play. Find out how to contact your state’s lottery. Finally, may the odds be with your side, know what to do if it happens!
Always buy your lottery tickets yourself if you can. Do not ask your friends or neighbors to pick them up. Don’t give tickets to others. You should not loan or borrow money to purchase tickets. Don’t do it half-heartedly. Why? This isn’t a trivial matter, the same as buying bread for someone else at the grocery store. Not quite. There’s no problem if the ticket doesn’t win, or the prize isn’t large enough. If the ticket is a jackpot winner, it could be very difficult. It could even be embarrassing. This small favor to a neighbor can now cost millions.
Perhaps your neighbor promised to pay you $1 for the ticket. You think so. What is a dollar? She’ll be a millionaire if you give her the ticket. Be honest. Are you tempted to feel entitled to a portion of the win? You did purchase the ticket with your own funds. It wasn’t technically your money. It was money that you borrowed from a neighbor. You did purchase the ticket so you may feel entitled to some of your winnings.
Imagine if your neighbor bought the ticket for you and the situation was reversed. Perhaps you joked that you would split the winnings with your live draw sdy neighbor if she won. You might find out that she could take you to court if you claim you and her made a verbal deal. No matter how good intentions people may have before purchasing a ticket, not everyone will be as honest as Raul Zavaleta who is one of the real winners featured in this book. Not everyone will keep their promise to split $40,000,000 once the winning numbers have been announced.
Do you see the potential repercussions of this? Avoid breaking friendships, hurt feelings and even lawsuits. You can buy your tickets yourself. You can give tickets to people as gifts, but it’s a completely different situation.
Many people throw away their lost scratch-off, Pick 3 and Lotto tickets. What use do you think those paper scraps could have? You might be wrong. You might find those old tickets worth cash if you spend a lot of money on the lottery.
According to the IRS, you can’t offset winnings against losses and must report any difference. Mary might spend $1,600 per year on tickets, but win only $600. Mary must report $600 even though her loss was $1,000. The tax rules state that gambling losses can be claimed as an itemized deduction. However, you cannot deduct more winnings than what you reported. Mary can claim $600 in itemized losses on schedule A if she itemizes her deductions.
Jim can report $1,600 if he spends $600 on his purchases and also wins $1,600. He can report the $600 loss on schedule A if he itemsizes. This law actually helps winners more than it does losers. Think positively. You can win and keep your old tickets.
If you don’t live in a state that has a lottery, it may be tempting to join lotteries in other states. It’s okay to go to the area to purchase your ticket in person. The lotteries are subject to several laws, both federal and state. The U.S. One is the U.S. Postal Service regulation which forbids the sending of unplayed lottery tickets across states.
Some states prohibit ticket sales by phone, mail or fax. It is not a good idea to participate in foreign or out-of-state lottery if your state has one. There are better odds that you will find better odds in your local area, with no extra fees or risk. Imagine winning millions of dollars and then finding out that you didn’t win it. There are always those out there who want to illegally get a piece.
There will be a lot of ads in newspapers, magazines, and online for books, software, or other media that can help you achieve your goal to win Lotto. These are usually reputable companies that can help you with professionally-designed wheeling systems or other strategies to increase your chances of winning the Lotto. These companies may claim that their product will make you the next Lotto millionaire. But, ask yourself this simple question: Why are they running an advertisement?
You’ve probably heard it before if you’ve played for any length of playing time: “Don’t play the popular numbers.” Why? On any given Lotto night, hundreds to even thousands of people will play certain combinations or groups of numbers. Why would you care? There could be thousands of people who would like to share the prize with you if your numbers were 1, 2, 3, 4, 5, 6, and 6. A $5 million jackpot could result in a Pick 3 payout. What are some of the most popular combinations? There are sequences like the one you just saw, as well as multiples of the same number. A popular sequence that includes multiples of the number 5 is 5, 10, 20, 25, 25 and 30. People often play multiples of the number 7, because it is lucky.
A less common practice is to use all the numbers with the same value. People will sometimes play all numbers that have the same value as the number 3, 12, 21, 30, 39 and 48. Let’s say your primary number is 3. Your birthday falls on March 21. You’ve already learned that 21 or any number having the value 3 is lucky for you. But don’t put them all on one play slip. You can spread them over many plays. Others choices are not so obvious. You might wonder what is common with this combination of 8, 11, 18, 21, 28, 31 and 28? These squares can be filled in on play slips for Lotto and Little Lotto in different states. You’ll notice a zigzag effect depending on how your slip is laid out.
Many people choose numbers that when placed in squares create a pattern on the play slip. Common patterns include horizontal, vertical and diagonal lines, letters of alphabet like X and M, the four corners and middle of the play slip, zigzags, and crosses. Playing popular ticket patterns can reduce your chance of winning the jackpot, sometimes quite significantly.