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You have better odds depending how the game is set up. Compare odds of winning Hot Lotto to Powerball. Both are bad bets at the moment, but the odds of winning Hot Lotto are 17 times better than they are for winning Powerball. So, a Hot Lotto prize of 1/10 that of Powerball can be a much better proposition than Powerball.

I have one other rule for playing the lotteries. I only play with other people's money.

I walk between a thousand and 1500 miles a year and I usually find about $10 worth of change per year laying around as I walk. I throw it in a jar and when I get a favorable lottery bet, I put some of it to work.

I've never spent a penny on a lottery, but some folks who are basically too lazy to pick up a dime have. You tell me who the fool is.
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