Every person who has ever bought a lottery ticket knows just how big of a dream comes with it. Similarly, the goal of becoming rich overnight comes with its own challenges, but there are many different methods one can apply to make this dream a reality.
One of these methods is buying all lottery combinations that are possible. Beating the odds is an incredible achievement that not many people manage to accomplish. It often involves certain techniques that far extend the process of buying a ticket on a whim.
Moreover, it can also comprise some more nefarious means, and it definitely comes with it’s own set of problems. Below we will take a closer look at the practice of buying all lottery combinations.
Why do people buy all lottery combinations?
The idea of becoming rich overnight is a dream that often motivates many people to make purchases that they wouldn’t have otherwise made. That is essentially how buying all lottery combinations came about.
Of course, one of the most common reasons for doing so is in the hope of winning the jackpot. The jackpot can be won only once, which is why those who buy all lottery combinations tend to think that they are the only ones who can win it.
It is also important to note that buying all lottery combinations takes some serious time and effort, which may seem like a futile venture when it comes to winning the lottery. There is one man, a Romanian economist who did beat all the odds, and ended up winning the lottery 14 times! So he is proof that it is actually possible.
How much does it cost to buy all lottery combinations?
For you to buy all lottery combinations, it goes without saying that you need to purchase every combination there is. You may be thinking, how do I possibly do this? Well, the number of possible combinations can be calculated with a simple formula:
n! / r! (n-r)!
Where “n” represents the number of balls in the lottery machine and “r” represents the number of tickets you can purchase. There are six balls in a typical draw, which means you can get six different numbers in one draw. Based on this information, the equation would look like this:
6! / 6! (6-1)! = 720
There are 7,200 possible combinations if you want to buy all lottery combinations. However, this doesn’t tell you how much it would cost to do so. The cost depends on many factors, such as the number of balls in the lottery machine and the cost of each ticket.
If you are a resident of Canada, you can see the entire breakdown of costs on onlinelottosites.com. There is another way to look at the price by analyzing the number of tickets you need to buy. This is not a very accurate calculation because it doesn’t take into account how many tickets are sold each week or how many weeks the lottery lasts.
Still, this is a convenient method for understanding the scale of this endeavor and how much money it would take to make it happen. If you buy one ticket per week, the total amount of money you would spend would be $720 multiplied by 52 weeks or $37,680. This number may change if the lottery lasts longer than 52 weeks.
What are the odds of winning the jackpot by buying all lottery combinations?
As mentioned above, one of the main reasons why people buy all lottery combinations is in their hope of winning the jackpot. The odds of winning the jackpot change depending on the pattern in which numbers appear and these patterns can differ from one game to another.
However, if we assume that they are equal, the probability of winning the jackpot by buying all lottery combinations would be 1/140,000. Any single lottery combination would have a 1/720 chance of winning. It is clear that your chances are significantly higher if you buy only one ticket instead of 720. This is why experts advise against buying all lottery combinations unless you intend to go all out and make an effort to make it happen.
Is it possible to buy all lottery combinations?
Some people believe that it is possible to buy all lottery combinations and become rich overnight. Even though many lottery corporations will refuse to sell tickets to anyone who tries to buy more than one ticket per draw or every week, it is still possible to use other methods to make it happen.
For example, you could start a group with friends and family members and pool money together to purchase as many tickets as possible. You could even create multiple accounts and play several games at once using different identities if there are rules in place limiting you from doing so with one account. Here is an example of a where a group actually bought 5 million out of 7 million combinations from a lottery.
If you want to try this method, we advise you to do some research and consider how likely it is that someone else will try this too at some point in time which could ruin your plans entirely. Do keep in mind that buying all lottery combinations can become an expensive habit if you pursue it long enough.
Buying all lottery combinations can be an expensive endeavor that has almost no chance of success because ultimately the odds are stacked against you. It’s not only things like money that are against you, but you need to also take into account how long it would actually take to buy all the tickets needed.
Some who have tried to buy every combination have failed because they simply do not have the time needed. That’s a lot of money you need to invest in the chance that the tickets you do buy in time could hopefully win the big jackpot prize, but if you haven’t bought all the tickets, there’s still a chance you won’t win it.
It takes some serious effort and planning in order to make it happen, which can be rewarding if everything works out fine, however, the reality of the situation is that things seldom work out as expected.