The recent Mega Millions jackpot was worth $1.35 billion and the odds of winning were 1 in 302 million. Many players have been wondering if there is a way to improve their odds of winning the second biggest prize in the game’s history. A Harvard University statistician previously shared (watch the video above for details) a strategy that he says is “guaranteed” to hit the jackpot — if you have the time and money to pull it off. Professor Mark Glickman’s strategy is based on the fact that the Mega Millions machine picks five white balls and one gold ball in each drawing. That means there are a limited number of combinations: 302,575,350. Some players play special, “lucky” numbers, while others like to spread their money, but Glickman says there’s only one way to make sure you have a winning ticket: buy all possible combinations. At $2 per ticket, playing every possible number would require an initial investment of $605,150,700. (Not to mention the time it takes to fill more than 302 million tickets.) But Friday’s jackpot is estimated at $1.35 billion. At first glance, that looks like more than $745 million in revenue. “So it seems like a great strategy, right? Because you’re paying less money to get that payout,” Glickman said. “However, the problem is that other people may be trying the same thing.” In other words, sharing the jackpot with another winner would turn this profitable investment into a big loss. Other issues include taxes collected on winnings and the fact that a 30-year annuity must be chosen to receive the full jackpot amount. As the jackpot continues to grow, the odds that his plan will pay off will increase. “Then all of a sudden this strategy of buying every lottery ticket becomes a lot more attractive,” he said.
Recent Mega millions the jackpot was $1.35 billion and the odds of winning were 1 in 302 million.
Many players have been wondering if there is a way to improve their odds of winning the second biggest prize in the history of the game.
A Harvard University statistician has previously common (See more in the video above) a strategy he says is “guaranteed” to bring home the jackpot — if you have the time and money to do it.
Professor Mark Glickman’s strategy is based on the fact that the Mega Millions machine picks five white balls and one gold ball in each drawing. This means that there are a limited number of combinations: 302,575,350.
Some players play on special, “lucky” numbers, while others like to spread their money, but Glickman says there’s only one way to make sure you have a winning ticket: buy every possible combination.
At $2 per ticket, playing every possible number would require an initial investment of $605,150,700. (Not to mention the time it takes to fill more than 302 million tickets.)
But Friday’s jackpot is estimated at $1.35 billion. At first glance, that looks like more than $745 million in revenue.
“So it seems like a great strategy, right? Because you’re paying less money to get that payout,” Glickman said. “The problem is that other people may be trying the same thing.”
In other words, sharing the jackpot with another winner would turn this profitable investment into a big loss.
Other issues include taxes collected on winnings and the fact that a 30-year annuity must be chosen to receive the full jackpot amount.
As the jackpot continues to grow, the likelihood that his plan will pay off increases.
“Then all of a sudden this strategy of buying every lottery ticket becomes a lot more attractive,” he said.
Can you guarantee to win the Mega Millions jackpot? Yes, there is a way
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