Thursday, January 22, 2009

Odds of Winning the Powerball vs Local Contests

Get this. This is what hit me the other day. The odds of getting 3 numbers right on the powerball is 1 in 359.06.

If you win, you get $7. $7 !!

How many of you EVER get three numbers to the powerball?? I would dare say not many of you!

Now, I happen to live near a few casinos. ( Lucky for me not close enough to get me into any real trouble. ) Anyway, I got a free invite into a $25,000. slot tournament. Top 25 players got paid with the lowest dollar amount being $50 and the highest being $10,000. Stay with me.

My mom discouraged me from entering by saying...what we have all heard... "You will never win that thing." Bah! As a dedicated person who loves winning money, I KNOW I am going to win every contest I enter! :D

Ok so it's a two day thing, so I have to plan it out to be there one day and then come back the next. I go and play and end up finishing 20th and win $100 bucks. Woo Hoo!!

But that's not my point.

Here's my point, once the contest was over I found out that there were only 198 entries. I also found out that even for their BEST tournaments, they have a little over 300 entries.

Basically I had a 1 in 198 to win $10,000!! I had a 1 in 8 chance to win $50 !! Compare that to the crappy Powerball odds of 1 in 359 to win $7 !! HELLOOOOOO

So that's just a small example of what you can really win if you sit down and think about it. I am not saying don't play Powerball...because lord knows I am going to win the Grand Prize someday.

I am saying you need to watch and play local tournaments if you get the chance!! The odds are sooo much better it's scary. Let that one sink in.

Good Luck and Good Sweeping!

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