Why People Say Stay Away From "Random" State-Run Lotteries

[Mike_25]

Dear Readers,

Have you ever wondered why many gambling experts say state lotteries are money pits and advise gamblers to stay away? While lotteries are legally operated games of chance, the odds are heavily stacked against players due to high administrative costs and commissions. Most lottery games have return rates in the 45%-55% range, while roulette, blackjack and poker usually pay much higher. Are lotteries just a tax on people who are bad at math? I'd love to hear your thoughts.

 

[James108]

The numbers are not chosen randomly, but rather are generated by a computer algorithm that can be exploited by people who have access to the code. Second, even if the numbers are truly random, the odds of winning are very low.

 

[Qwert135]

Indeed in my opinion , if I talk about the lotteries and bonds in my country then you have to pay whether you won or not actually , and the state is always getting atleast a 15% share of your hard money earned via effort for doing nothing , this is called proper scamming with a method and strategy.