1. If you buy your ticket at the start of the week you are more likely to be dead from a lightning strike than winning on the lotto.
There may be some truth in this myth for a very small percentage of lotteries that have unbelievably bad odds. However, for most lotteries it is just untrue. For instance in a 1997 article in Public Gaming International magazine Iowa Lottery Commissioner Dr. Ed Stanek (his doctorate is in physics) debunked this belief successfully.
In the USA in 1996 ninety-one unfortunate people were struck by lightning and died as a result. However, 1,136 people became million dollar lottery winners, 4,520 won $100,000 or more in American lotteries.
This doesn't include all those smaller prize wins of ten thousand dollars and more!
2. Lotteries are a way of taxing people.
Taxes are levied by governments to pay for the running of the country and to cover national debt. Playing the lottery, on the other hand, is a matter of personal choice. You do not have to play or pay!
3. Lottery companies advertise to the poor.
For company to be profitable, including lottery companies, they must target potential customers who can buy their products. Targeting poor people who cannot afford to buy your product is not good business sense!
People from all walks of life and with differing financial statuses play and win the lottery.
4. The only people who get any benefit from playing the lottery are those lucky people who win big!
Busting this myth is easy even though it is so strongly ingrained in the public psyche that most people wouldn't even view it as a myth but consider it to be "simply the truth".
Not only winners benefit from the lottery. For instance all the big lotteries have some kind of charity donation scheme. For example the National Lottery (UK lotto) is involved in many charity projects and national business creation projects. It also invests heavily in growing business with the whole of the UK.
The people who sell you your lottery ticket also get a piece of the pie through commission payments. Employment is a by-product of lotteries from jobs for the lottery company to jobs in shops and in supporting companies. Advertisers get paid for lottery advertisements which helps create and sustain employment.
At the end of the day the lotto is also a game and games bring enjoyment. Is it worth a buck or two to enjoy the experience?
5. The lottery promotes compulsive gambling and is responsible for creating more gamblers.
If you have ever had any involvement with some who gambles frequently more than they should then you will know that they have certain addictive personality traits. It has been demonstrated that gambling addiction, like many (if not all) other addictions, is based on many different factors that are usually rooted in psychological and biological factors.
It has been shown in many studies on the lottery and gambling addictions that the lottery has very little effect on gambling behaviours. Very few compulsive gamblers are satisfied with lottery gambles and seek much more immediate and larger scale bets.
There may be some truth in this myth for a very small percentage of lotteries that have unbelievably bad odds. However, for most lotteries it is just untrue. For instance in a 1997 article in Public Gaming International magazine Iowa Lottery Commissioner Dr. Ed Stanek (his doctorate is in physics) debunked this belief successfully.
In the USA in 1996 ninety-one unfortunate people were struck by lightning and died as a result. However, 1,136 people became million dollar lottery winners, 4,520 won $100,000 or more in American lotteries.
This doesn't include all those smaller prize wins of ten thousand dollars and more!
2. Lotteries are a way of taxing people.
Taxes are levied by governments to pay for the running of the country and to cover national debt. Playing the lottery, on the other hand, is a matter of personal choice. You do not have to play or pay!
3. Lottery companies advertise to the poor.
For company to be profitable, including lottery companies, they must target potential customers who can buy their products. Targeting poor people who cannot afford to buy your product is not good business sense!
People from all walks of life and with differing financial statuses play and win the lottery.
4. The only people who get any benefit from playing the lottery are those lucky people who win big!
Busting this myth is easy even though it is so strongly ingrained in the public psyche that most people wouldn't even view it as a myth but consider it to be "simply the truth".
Not only winners benefit from the lottery. For instance all the big lotteries have some kind of charity donation scheme. For example the National Lottery (UK lotto) is involved in many charity projects and national business creation projects. It also invests heavily in growing business with the whole of the UK.
The people who sell you your lottery ticket also get a piece of the pie through commission payments. Employment is a by-product of lotteries from jobs for the lottery company to jobs in shops and in supporting companies. Advertisers get paid for lottery advertisements which helps create and sustain employment.
At the end of the day the lotto is also a game and games bring enjoyment. Is it worth a buck or two to enjoy the experience?
5. The lottery promotes compulsive gambling and is responsible for creating more gamblers.
If you have ever had any involvement with some who gambles frequently more than they should then you will know that they have certain addictive personality traits. It has been demonstrated that gambling addiction, like many (if not all) other addictions, is based on many different factors that are usually rooted in psychological and biological factors.
It has been shown in many studies on the lottery and gambling addictions that the lottery has very little effect on gambling behaviours. Very few compulsive gamblers are satisfied with lottery gambles and seek much more immediate and larger scale bets.
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