This is literally the worst piece of advice about the lottery ever given
On Monday morning, liberal media watchdog group Media Matters tweeted a screenshot allegedly from Fox News advising a simple strategy for maximizing your chances of winning the lottery: Buy as many tickets as you can afford.
This is technically true. Buying more lottery tickets does increase your chances of winning the lottery. In Powerball, there are 292,201,338 possible tickets. Buy one ticket, and you have a one in 292,201,338 chance of winning the jackpot. Buy two tickets, you have a two in 292,201,338 chance. And so on.
Fox News advice on how to win the lottery: pic.twitter.com/r6WBKqqCqL
- Media Matters (@mmfa) January 11, 2016
Even though buying more tickets technically increases your chances of winning, buying as many tickets as you can is probably a really bad idea.
The first problem is that your likelihood of winning is still incredibly low, even if you buy a bunch of tickets. Your odds of being struck by lightning in the next year are about 120 times higher than a two in 292,201,338 chance. Buying 10 tickets and giving yourself a 10 in 292,201,338 chance still leaves you about six times as likely to die in a plane crash as you are to win Powerball.
Buying a ton of lottery tickets, while making your chances of winning the jackpot marginally better, is a terrible "strategy."
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