When a game gives someone the opportunity to turn a single dollar into tens of millions of them, it seems natural that there would be certain myths floating around. Lotteries have been the subject of debate and speculation for as long as they have been in existence, as both criticism and praise have been heaped upon them. At the same time, many myths have circulated over the years regarding these games of chance.
Some argue that lotteries take advantage of the poorest members of society, extracting money from the lower class to pay for government services that are used by people of all socioeconomic levels. The argument is that the majority of lottery ticket buyers are lower class people, either in poverty or just above that level, as they are the ones who are looking for an easy way to escape their money problems, or to get rich. Some even say that due to the correlation between household income and level of education, the poor, uneducated members of society are the ones buying all of the lottery tickets, as they are not smart enough to realize what the odds of winning truly are.
In reality, numerous studies indicate that these facts are untrue. In September 1997, the Washington Post commissioned a poll to determine the profile of the typical lottery player, and found that those most likely to buy lottery tickets are middle income Americans. The people least likely to play the lottery were found to be members of the poorest and wealthiest classes. In addition, a New Mexico study determined that the propensity to gamble actually rises with income level.
In the same vein, many consider the lottery to be a tax. Indeed, modern day lotteries are very similar to taxes in that money is collected from the general public in order to fund governmental projects. However, there are several key differences between lotteries and taxes, like the fact that no one is forced to play the lottery. If one fails to pay his taxes, that person can go to jail, but the same cannot be said for not buying a lottery ticket. In addition, lotteries give people the chance to take money back out in the form of cash and prizes. In this way, lotteries can be considered a form of entertainment, like going to the movies or to a baseball game.
Another myth being perpetuated about lotteries is that one can increase his chance of winning by following a number picking system. These systems purportedly can calculate the numbers that have the best chance of being drawn, based on past results. The logic to these systems is flawed, however. While it is true that over the long term, numbers chosen will be distributed evenly, the chance that a number will be selected in a drawing is exactly the same as the chance that any other number will be chosen in that drawing, at that exact moment in time. The balls in the barrels have no memory of previous drawings, so anything that happened in the past does not affect the current drawing. Another thing to think about is why the system vendors have to make money selling their system to the public, if it works the way they say it will. Why donâ€™t they use it themselves and retire early? In fact, lottery systems do not work, and are scams perpetrated on a naive public.
In summary, lotteries can be considered a form of entertainment, primarily played by the middle-class. They are not a â€œpoor taxâ€, as some would have people believe, and they most certainly cannot be cheated by using any type of system for picking numbers.
Please use the form below to comment on this page:
From: Sandi Spidell Comment: My comment is that this didn't answer my question at all!!!!! All I wanted to know is how much does 3 numbers right on the Arizona Powerball pay?!!!!! The page long reply above did not answer my question. Why can't I get an answer to my question???? Is this just an automated reply to any question asked??!!!
184.108.40.2060 requests per minute. Scraper Total time: 0 seconds. Current time: 6:01:23 AM