Instant Lottery Tickets – LEARNING TO MAKE Money With Losing Lottery Tickets

Buying and scratching instant lottery tickets is something that almost everyone has done at once or another. For some folks it’s probably something they do all too often. I guess for me, the bad buying habit is processed foods. EASILY had spent my extra cash on instant lottery tickets over the years, I may have been rich by now rather than overweight. Like anything, whether it’s food or gambling one must do it in moderation, and that is often not easy to accomplish.

Here in hawaii of Pennsylvania where I live, the first scratch off ticket arrived in 1975, and they have already been a large hit every since.

I have bought instant lottery tickets of each available price range in my own state. I usually choose the $1 – $2 tickets, but from time to time I buy a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not $1 or a FREE ticket, in order that was like throwing out my $20. You would believe that with needing to spend that much money, they might give everyone at least a free of charge $1 ticket or something. I thought afterwards that I was sort of foolish for spending and losing the $20 on one ticket, but heck as they say, “If you don’t play, you can’t win !”, it was a gamble, and I didn’t win that point. I have known two individuals who each won near $20,000 on instant lottery tickets. So I can say for sure, “yes, some folks do win it big.”

Unlike the live lottery that is usually drawn by picking numbers, the moment lottery is pre-determined months ahead of it’s release. The tickets were created and printed, then they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, along with the large chain stores. It is possible to usually see them in a vending machine with multiple styles and price ranges to choose from, or they are at the cashiers area on the counter or behind a shielded section. Instant lottery tickets sell for as low as $1 so when high as $20 each generally in most states of the U.S. however, many states could have tickets that sell for even more than $20 each.

States do instant lotteries to greatly help fund many different programs. For instance in Pennsylvania, the lottery is used to generate funds to benefit programs for the Commonwealth’s older residents. In Ohio, since 1974, the Lottery has provided more than $13 billion to public education. Annually, the lottery provides about 4.5 percent of the funding needed for Ohio’s public education. In Missouri, approximately 27.3 cents of every dollar allocated to the Lottery benefits education programs; 61.6 cents goes back to players as prizes, 5 cents can be used for administrative costs and 6.1 cents goes to retailers in the form of commissions, incentives and bonuses. In all, more than 93 cents of every dollar stays in Missouri. It’s different for each state, but the lottery is quite beneficial regardless of the few problems it can cause to some, by means of gambling addictions.

Most folks buy instant (scratch off) tickets, and when they don’t win anything, they throw the tickets in the trash. Did you know that each and every time you throw a losing instant lottery ticket in the trash, you are throwing money away ? Yes, there are literally hundreds if not thousands of folks around the world that could love to buy your tickets from you. I have seen losing lottery tickets sell for as high as $15 each, these were tickets that had no redeemable value. I once visited a local convenience store and asked them easily may have a bag of losing instant lottery tickets I saw that they had on the floor behind the counter. The clerk gladly gave them to me, I took the tickets home and after checking through them all, I found two which were $1 winners that were not redeemed, and I sold the remaining losing tickets for $30, and the store was just likely to throw them away.

Where did I sell them ? On eBay. I happened to look one day and I noticed there was losing instant lottery tickets on the market on the eBay auction website. There are folks selling non-winning, so called ‘worthless’ lottery tickets on eBay at all times. I simply did a search now while writing this short article, and I came across over 100 different auction listings for them. Who buys these non-winning lottery tickets ? Collectors.

เว็บสมัครแทงหวยออนไลน์ collecting is fast learning to be a big thing. You can find groups and individuals all over the world, that love collecting lottery tickets. There are numerous websites, discussion groups and forums now just for lottery ticket collecting. Actually there is even a new term or name for an instantaneous lottery ticket collector: LOTOLOGIST, and the moment lottery ticket collecting hobby is named: LOTOLOGY. To observe how big this hobby is now just visit your favorite internet search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you will find many sites collecting, selling and buying used non-winning instant lottery tickets.

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