This one was for 7-7-07. I’m still working on Experiment 1, but I was reading Neville’s Financial Blog (www.nevblog.com) and I saw an experiment he had http://www.nevblog.com/lottery-experiment-an-itch-to-scratch/
I decided to try my own experiment in honor of the date. I went to a local grocery store and purchased one type of lottery ticket, all at this one business. I spent $53 on one type of $1 ticket alone.
Total Spent: $77
Ok, so that might be stretching it, but the first numbers are right. Here’s my conclusion: You can do this experiment, and unless you get lucky, you will lose about 3 dollars of every 4 spent. If it’s worth it, do it, if you feel lucky, go for it. I was just doing this because I couldn’t make it to the casino or track.
By the way, I was told by my friend who used to cash lotto tickets “Scratch off the ticket to show the little box with four numbers in it, it makes it easier and faster for the cashier to cash it”
Enjoy the rest of your weekend!