Risk management is nothing else then increasing odds for success. When your odds for success are higher than the odds for losing, then you’ve developed a winning success system. Now I don’t know what deal or investments game you are in, but what I am saying is that to increase your odds for profit, you have to diversify your income streams.
What is the ultimate game though? Exactly … the lottery! One of the biggest in the world is: EuroMillions. Read more about it at: http://en.wikipedia.org/wiki/EuroMillions
Quick summary! As in most lotteries:
- The player selects five main numbers which can be any integer from 1 to 50;
- The player selects two different lucky star numbers from a pool of 9 numbers.
Weekly rollover jackpot is 15-180 million euro. Probability of winning the jackpot (fraction) is 1 in 76,275,360
Everybody has played in lotteries and most people never won anything. I was that guy. Infact I got so sick and tired of it, that I stopped purchasing tickets. As smart people, do smart things, and participating in a lottery is wasting money … right? Unless … you can boost the odds to create that winning system.
How to go about that? You can either buy multiple tickets yourself (ain’t smart), or participate in a syndicate. The syndicate (grouplottery) I’m in is called WLS. I participate with something called a ‘WLS multi ticket’. It’s actually a dual ticket bought for 4 weeks of participation for an insane low 10 euro. As I wrote, what you get is 4 weeks of playing with 2 types of tickets:
- 1 ticket gives you 9 instead of 5 numbers + 2 stars
- the other ticket gives you 5 numbers + 9 instead of 2 stars
Can you see how this increases your odds? No? A standard ticket — which is only number (1) — already increases your odds by 12,600%. I’ve actually won more money in WLS, then it costed me to buy ticket prices. How awesome is that?
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