Ever wondered if you can actually make millions playing the lottery?
Is the lottery actually a good investment?
Let me tell you... and I'll tell you through an analogy about chickens...
By the way if you are struggling to follow the video (slow it down to 0.75 speed)... that will help a lot! And read the transcript below.
Transcript:
The Lottery will make you Rich!!! Or will it?! Let me tell you.
I know what YOU want. Deep down inside. You want to be swimming in a bathtub full of cash whilst cruising across the Mediterranean towards your gold-plated mansion in Dubai.
And you want to know if the lottery can do that for you…
Good news. I’m about to give you the cold, bitter truth…
Imagine YOU are a chicken…
Trapped in a chicken farm…
You nervously await the time where they come to make… chicken Pies!!!
But there’s a catch.
A saving grace.
A way out.
You can buy one lottery ticket a ticket a day. If you happen to pick the winning lottery ticket – they set you loose. So that you can fly free… like a chicken…
Ummmm
Anyway…
I’m just kidding. All she gets is bitter, boring, bland… grain. But chickens like grain.
The Little Red Hen has to pay 1 piece of grain to enter the draw.
The odds are stacked against her…
Like a farmer staring down hungrily at her next meal.
The hen knows that she has a 1 in 139 million chance of winning the lottery…
That’s the odds of winning the euro millions jackpot. And this happens to be the world’s biggest chicken farm.
139 million chickens eagerly await the chance to try their cluck at financial freedom.
But here’s the catch.
80% of the grain she pays goes into the prize fund.
20% of it goes straight to the farmer.
Then even if the Chick were to snatch the winnings from every other poor, little miserable chicken that entered.
She would only win….. £111,200,000…
STOP THE PARTY.
Listen little red hen…
£27,800,000 has been stolen from your back pocket.
The farmer has taken you for a chump.
And it happened as soon as you entered the draw...
Poor little chicken.
You see… there is something called expected value.
That is if you were to pay £1 for a ticket, how much would you (based on probability expect to get back).
Well, the little chicken’s expected value is just 80p.
So as soon as she hands over the pound she is left with a ticket that is worth 80p.
And that’s what you are doing every time you enter.
It’s a bit like a casino.
In the long run the house always wins.
What happened to grain?
Forget about grain… this is your money we are talking about!!
And you are throwing it away like an addicted gambler without even realising it!
HOLD ON!!!
There is one way to win the lottery … to win endless money… by cheating.
I’m going to teach you how to make mega millions.
You greedy fat cat…
So normally when you enter the lottery… there is one winner and a trillion depressed chickens with nothing to show for it.
But let me tell you a story about Jerry!!!
Jerry is a nice guy. He lives in Michegan Tenacy… and oh how he loves numbers. In fact some say that Jerry would sit at home on a Sunday.. just playing with his calculator.
One day Jerry was reading a newspaper in a local shop when he discovered a new type of lottery.
This lottery was called a Roll Down lottery… and in this if the jackpot hadn’t been claimed in a while it would roll down and make all of the smaller prizes bigger.
Suddenly, the lowest prize for getting 4 numbers right had grown from £5 to £50!!!!!
Jerry.. being the numbers loving quirky guy that we know and love realised that his expected value had just shot through the actual roof.
Now if Jerry gets just one ticket probability says he will get $1.20 back.
You know how the house always wins…
Disclaimer: This video is not financial advice. It is for entertainment purposes only. I am not a financial advisor.
