Risk… How much is to much

How much risk should you be taking on? What risk factors should you be thinking of?

I would take into account your age, your risk tolerance Win /Lose and Benefits/negatives Ratio. Don’t worry if I have already lost you. I’ll be going deeper.

Why do people do the lottery

The exact odds depend upon many factors, what kind of a lotto is it? How many people are competing etc. let’s look at a couple of examples.

In a lottery in which you pick 6 numbers from a possible pool of 49 numbers, your chances of winning the jackpot (correctly choosing all 6 numbers drawn) are 1 in 13,983,816. That’s 1 shot in almost 14 million.

Lotto — — Jackpot — — — Any prize

Irish Lotto 1 : 10,737,573 — — — 1 : 42

UK Lotto 1 : 45,057,474 — — — 1 : 54

EuroJackpot 1 : 95,000,000 — — — 1 : 26

EuroMillions 1 : 139,838,1601— — — 1 : 13

PowerBall 1 : 292,201,338 — — — 1 : 25

MegaMillions 1 : 302,575,350 — — — 1 : 24

(Source)

Why do so many people compete? You want to be that 1 in 14 million (Or any of the ones above, might I add that the irish lotto…