Powerball Jackpot Now $400 Million: 3 Tips To Increase Your Chance Of Winning [REPORT, VIDEO]

By Staff Reporter on August 1, 2013 2:58 PM EDT

Powerball
The $338M jackpot is the fourth-largest jackpot in Powerball history (Photo: Powerball)

The Powerball jackpot is now $290 million! The lottery game announced its July 31 numbers: 8, 24, 39, 49, 59, and Powerball #5. No winners are identified as we await the next drawing on Saturday, August 3.

Although players have yet to win the current jackpot, one player in Oregon and another in Oklahoma managed to win the "Match 5 Power Play," good for a $2 million prize each.

Like Us on Facebook

The chances of winning the Powerball jackpot is a faint 1 in 175,223,510, but that is still a chance! 84-year-old Gloria C. Mackenzie won the Powerball jackpot in May. At $590 million, Mackenzie's winning jackpot is the largest in Powerball history.

Are you looking to become the next Powerball jackpot winner? Seven-time grand prize lottery winner Richard Lustig has written a book explaining how strategy and tactics can increase your chances to winning the grand prize winning. According to Lustig, "Luck has nothing to do with it." Here are three tips Lustig discussed in a book:

First, Lustig advises player to play smart, formulate a budgeting plan, and limit the number of tickets purchased to just whatever the player could afford. "You don't want to wake up Thursday morning and realize you're a loser and then pull your hair out trying to replace the money you spent."

Secondly, Lustig sheds light on the art of number picking. While Powerball claims that 70 to 80 percent of all winners simply used Quick Picks, Lustig insists that players should choose their own numbers for a greater chance in winning the Powerball jackpot.

"Every time you buy a quick pick, the set of numbers is unique, which always puts you at the worst odds, one in 175 million."

Instead, Lustig was written a chapter discussing numbers with a high hit rate. According to Lustig's book, the sum of the Powerball jackpot number series usually add up to fall between 104 to 176,

Thirdly and finally, a player should always practice smart budgeting. Lustig uses one third of his income on bills and savings, the next third on fun and entertainment, and the final third on purchasing lottory tickets.

"Don't play for greed. Play smart," says Richard Lustig.

Be sure to read his book, "Learn How to Increase Your Chances of Winning the Lottery..

© 2012 iScience Times All rights reserved. Do not reproduce without permission.

Join the Conversation

Sponsored From Around the Web

    ZergNet
Follow iScience Times
us on facebook RSS
 
us on google
 
Most Popular
INSIDE iScience Times
Do Dolphins Get High? BBC Cameras Catch Dolphins Chewing On Pufferfish Toxins
Do Dolphins Get High? BBC Cameras Catch Dolphins Chewing On Pufferfish Toxins
How Many Ways Can You Tie A Tie?
How Many Ways Can You Tie A Tie?
Ribbon Of Charged Particles At Solar System's Edge Acts Like A Wind Sock For Interstellar Magnetism
Ribbon Of Charged Particles At Solar System's Edge Acts Like A Wind Sock For Interstellar Magnetism
How to Turn Your Tap Water Faucet  Into a Coffee Spout [VIDEO]
How to Turn Your Tap Water Faucet Into a Coffee Spout [VIDEO]
Coolest Science Photos Of 2013: From Blobfish To Two-Headed Shark, Comet ISON To Mars Selfie
Coolest Science Photos Of 2013: From Blobfish To Two-Headed Shark, Comet ISON To Mars Selfie
This Is A Scientifically-Proven Rock-Paper-Scissors Winning Strategy (But If Your Opponent Uses It Too, It's A Draw)
This Is A Scientifically-Proven Rock-Paper-Scissors Winning Strategy (But If Your Opponent Uses It Too, It's A Draw)