Everyone dreams of becoming a millionaire – the dream that is opposed to having to work for a middle-class income. Going to work every day, coming to work late, going on that nasty motorway traffic, flying into a hot car and, on top of all that, trying to make ends meet is something few can contemplate.
Those who rely on lottery winnings are in for a big surprise when they learn of the hazards of relying on lottery winnings. It seems to be a “middle-class life”, never mind that the expenses canary added onto your wage would total a fortune.
Many scaremongers would have you believe that lottery winners are more likely to be shot by a police officer, more likely to commit a crime, commit suicide or leave the country. This is all a result of the very things you get by playing the lottery: namely, an above-average percentage of all prizes being held back for the winner, coupled with the fact that the draw precedes a massive amount of public expenditure.
The fact that the brains behind many lottery scams are previously married couples, has nothing to do with their finances or even the amount of money they have won. It must be noted that there are single mothers, single fathers and married couples, all living in the same household and all attempting to apply the same techniques: lottery scams.
Single parents often get a media windfall with the lottery, as their Child Benefit payments encash all their lottery winnings. These parents can clearly lay claim to a large portion of the prize money. The fact is that there are far more lower-aged winners than there are older winners, with a ratio of 75% of lottery income going to older winners. At the same time, it is significantly easier to jump from being a smaller prize winner to a larger one, than it is to move from being an even smaller winner to an avatar (the jackpot).
This is why 80% of lottery income goes to winners over the age of 45 years and less than 2% goes to winners over the age of 16.
As far as lottery scams are concerned, the most common is the double-blind bingo scam. In this scheme, the victim is told that he or she has won amazing amounts of money, but is not allowed to withdraw the prize money, instead beginning to bet with the original amount. The con begins by placing a bet, usually on a card that is five percent of the jackpot amount. If the card matches the jackpot’s five percent spread, the con can take the five percent and leave the rest.
Often, there is a catch that the victim must not understand – he or she is told that the gambling operator “has to pay out” or to Poker or Blackjack. Once the card is drawn, and the player receiving the lucky bit of information (digit, birthday, etc) that puts them in the lead, they are told that they must bet the five percent spread or the original jackpot amount if they want to cash out and receive the winnings. In many instances, the ball has not been scratched evenly, or perhaps evenly on some cards and therefore the five percent spread may have been chosen randomly. In any instance, the player is required to bet the five percent spread or the original jackpot in many instances, not once, not twice, but every time the card is drawn and they have not previously withdrawn and spent the winnings.
Sometimes, the scratch card companies will not require that you scratch the Mohawk or thefront Webster in order to win the prize. This is quite abolished nowadays as most modern cards have a spot or a scratching area, completing the Coverall requirement.
The final method of playing the Powerball, and indeed all lottery games is to buy more “lines” or more tickets. This increases your competition against the syndicates, and gives you a better chance of winning.
However, be aware of the fact that spending the same amount of money to buy more tickets does not necessarily improve your odds of winning. You have to fight against the big syndicates as they buy many lines.