Tuesday, 15 December 2020

Is lottery our God of Fortune?

Who are not intrigued by the thought of striking a lottery and get rich? Chances are, you would have bought some lottery tickets before just to test your luck. Maybe you are still buying it religiously every week.

Winning the Lottery: Things Lotto Winners Won't Tell You | Reader's Digest

Many people that went to buy the lottery would view the seller at the counter as their God of Fortune. But is it really as what you think? God of Fortune supposed to be giving you a fortune. But when you are buying the lottery, are you getting any "fortune" from them? Or are you giving your "fortune" to them? 

Fortune God® 财神 - Fortune God PNG Image | Transparent PNG Free Download on  SeekPNG

But if you really look into the possibility of winning the lottery, you would soon realize that the odds are actually against you. For a game of four digits (4D), there are a total of 10,000 combinations so, if you buy one number, the probability of winning is 1 over 10,000 or 0.01%. I am not sure about you but for me, that percentage is very, very low. 

Basic Probability Theory | Model Investing

Do note that it does not mean that you will win it once after buying the same number for 10,000 times. Every time you buy, you have the probability of 0.01% of winning.

So, the best thing that you should do is to save up these monies and invest it in right places, such as SSPN (if you have a child), money market or investing in REIT or some of the blue chips stocks such as PBBANK, MAYBANK, or TENAGA. This way, your money would be able to grow.