Do you still religiously buy your lottery ticket every week, hoping and praying that your numbers appear in a random drawing? It's time to stop dreaming and take happiness into your own hands.
Sports betting is still a game of wins and losses, but with the right approach it can easily be a much more profitable bet. Not sure yet? Read on to find out why sports betting is a better bet than a state lottery.
Explanation of The State Lottery
A state lottery is a government-controlled and organized game of chance. More than 40 states offer lottery games like Mega Millions and Powerball. In a standard lottery, players pick a number or set of numbers in the hope that they will match numbers selected by a random number generator. If they match, they can win a huge cash prize.
The Lottery is Completely Random
There will always be that person who swears you can increase your chances of winning the lottery through analysis, math, or strategy. It really comes down to the sheer luck of the draw and betting against a machine. There is literally no reason why a number 10 is more likely to be drawn than a number 12.
While you may occasionally get lucky by matching a number or two, your chances of matching them all (and hitting the jackpot) are extremely slim. How thin?
What Are the Lottery Odds?
Unfortunately, the odds of winning the lottery are ridiculously slim. In fact, you have a better chance of being struck by lightning or becoming President of the United States than winning the jackpot.
The approximate odds of winning the Powerball grand prize are 1 in 292.2 million and it's even worse for the Mega Millions jackpot which sits at 1 in 302.5 million.
Sports Betting versus The State Lottery
Betting has been a favorite pastime since the dawn of man! Ancient civilizations show many depictions of gambling in mosaics, paintings and literature, dating back 3,500 years.
When our ancient love of gambling meets a modern nation of sports enthusiasts, sports betting is the inevitable match made in heaven! Fortunately, widespread legalization is underway, and more states are expected to lift bans on sports betting, giving the lottery a run for its money.
What Does Sports Betting Offer?
You'll also find less popular sports like UFC, motorsports, golf, cricket, and tennis. Any bookmaker worth their salt has a range of national and international sports to bet on. Of course, the most popular are football, basketball, soccer and baseball.
Odds of Winning a Sports Bet
Let's take the simplest bets: when betting on who will win in a soccer match, you have two choices. This means a 50:50 chance of picking the winner. Of course, that's before you consider sports betting margins or the Vig.
Odds for each sporting event differ and depend on a number of factors. This is why sports betting involves a number of professional odds makers who weigh the factors and decide what odds to offer in order to win on both sides of the bet.
Successful sports betting requires skill
With the lottery, you have no control because it depends on chance. Sports betting is not just a numbers game: sports betting requires skill, sports knowledge and an understanding of values.
Many recreational bettors tend to bet on their favorite teams or favorites which is why a lot of people lose, but with a little more care and attention you will have more success and enjoyment.
Entertainment Value
Watching your favorite team live is even more exciting when it comes to money. When your team isn't playing, you can keep it interesting by betting on others with live betting and still get that adrenaline rush.
The entertainment factor doesn't stop at the game. It's also fun to see team and player stats and chat with friends about them.
Sports Betting is More Satisfying
If you've taken the time to understand the rules of the game, done your homework on the teams, and carefully chosen the best odds, the satisfaction you get from winning is so much more than random National Lottery numbers.
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