Topic: Lotteries - worst bet you can make. | |
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With news that the tickets for Powerball are going up to $2, I thought
I would look up what kind of ridiculous stealing is going on in the name of the state and multi-state lotteries. And the verdict is in. It is the worst bet you can make - in most cases 50% of the money goes straight to the house making it much much worse than poker, horse racing, slot machines and roulette in terms of the payout. It is a tax on stupidity! Or maybe we should view it as simply making a donation to the state. http://articles.moneycentral.msn.com/SavingandDebt/Advice/The10BestStateLotteryBets.aspx |
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Thank goodness I only bet a dollar every once in a while, but when I do I usually win between 3 and twenty dollars just enough to stay out of the taxes.
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