5 Reasons We Play Lotto
It’s no secret that the chances of winning the lottery are somewhat slim. Even the general public has accepted that as a term and now uses the expression ‘to win the lottery’ to talk about something that is unlikely to happen. However, despite all of that, we still play the lottery and we’re obviously going to continue since there are many fantastic reasons to do that.
We’ve included a few of those in our article — perhaps one of these reasons is why you keep playing the lottery?
Accessibility
One of the biggest reasons we play the lottery is its accessibility. You can buy lottery tickets virtually every time you go to the grocery store, gas station, or convenience store. On top of that, in today’s time, you can even buy lottery tickets online.
Granted, technology made everything a lot more accessible and you can even play bitcoin blackjack— all it takes is a few clicks. However, that requires you to have your crypto wallet ready. Also, before you can start playing, you have to register in a casino and make a deposit. Many people want to avoid all of that and instead enjoy the simple process of playing the lottery.
As Cheap as Chips
Lottery tickets are not only accessible — they are also inexpensive. If you, for example, compare the lottery to other forms of gambling, it is one of the cheapest types out there. In some countries, people even prefer to get lottery tickets instead of spare change when buying groceries.
Due to their low cost, it is easy to justify buying a ticket. But even though the tickets are cheap, you can still gamble responsibly by playing the lottery — you are the one who decides how much you are going to spend on those tickets.
In many other forms of gambling, players often try to win back what they lost only to end up digging a deeper hole. In the lottery, even if you don’t win, you can only lose what you had already spent. That’s killing two birds with one stone — not bad, right?
Life-Changing Winnings
It might be the most obvious one, but the biggest reason we play the lottery is the prize. Depending on the lottery you decide to play, there might be more than just one prize. Predict two, three, or four numbers and you are in the winning circle! Still, what every one of us wants and hopes for is that big prize. While some lotteries have a fixed prize, some transfer the amount that hasn’t been won to the next drawing — that can result in the prize pool worth millions of dollars.
That sort of money can change anyone’s life in a heartbeat and set them for life. I mean, not working a day for the rest of your life, getting paid and just enjoying life? It is not at all hard to understand the appeal of the lottery after picturing something like that.
Entertainment
While some are driven by the potential that comes with the lottery, others consider lottery just another form of entertainment. Some people have their favorite shows, TV series, or a quiz that they watch, while some simply look forward to watching and participating in the lottery draw. In most countries around the globe, the lottery is usually aired weekly, although that can differ from one country to another.
Therefore, people who play and know someone who plays can turn the event into a social gathering and enjoy this mini competition between friends, waiting to see who won something or who was closer to winning. However, that only applies to the lottery aired on TV and not its online counterpart.
Gambler’s Fallacy
We cannot make a list of reasons explaining why people gamble without mentioning gambler’s fallacy. Gambler’s fallacy is a mistaken belief adopted worldwide which leads players to believe that if something happens more frequently during a certain period, it is bound to occur less frequently in the future and vice versa. However, it is called gambler’s fallacy because every separate outcome or situation is independent of the next or the previous one.
For example, just because a coin landed five times on heads, it doesn’t mean it has more chances to land on tails the next time — every single coin toss has a 50% chance of landing on either heads or tails. As much as it is unlikely for a coin to land 100 times on the same side, it can still happen. Granted, it is improbable, but it is precisely what makes the lottery so fun — the opportunity to beat those unlikely odds and win millions in the process.