Re: The Irony of winning jackpots or lotteries.
by on 15/12/2025, 14:29:38 UTC
(Let's flip it now), Is it that the casinos or lottery companies only give those huge wins to people that lacks financial knowledge, people that have no knowledge or zeal for investment, and how to grow their wealth, why is it so? (The coincidence is much). I think most people that are more lucky in winning jackpots are people that doesn't know how to establish a good investment with that money, while people that have good financial management skills doesn't get more lucky. Has this thought occurred to you, or am just being delusional?
Yes, you are delusional. Neither lotteries nor casinos need such a conspiracy to make money. They rely on volume and house edge; they don't need anything else. And besides, in the case of the lottery, let's see how someone who wins millions is going to spend it all again on the lottery. In the case of casinos, it is more likely that someone who wins a large amount will end up betting and losing it there, and in fact we do see cases of this, but to begin with, the prizes are usually smaller and the betting speed is much faster.