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What To Do If You Win Lotto In Australia About Lotto Game VideoHow to Calculate the Odds of Winning Australian Powerball - Step by Step Instructions - Tutorial If you play for a given week then you have just one chance to win against high odds - but if you play every week, the overall lottery odds don't change but the chances of you beating them does. Hence the reason you hear so many stories in the news about winners who played the lottery for years before finally hitting the jackpot. A System entry gives you the option to play more than the standard 6 numbers in Saturday Lotto. You can choose from 7 to 20 numbers giving you more chances to win, plus the chance to win across multiple prize divisions. Learn more about System entries. A Pick entry guarantees you either 1 or 2 winning numbers. Having 1 or 2 guaranteed winning. Winning the lottery is an exciting time, but it can bring around some massive life changes. It’s important to remember that you still need to live your life, so before you do anything: stop, take a breath, and let it settle in. Once you’ve done this, get in touch with a financial expert who can help you enjoy your new-found wealth to its fullest. If claiming a prize from a winning lottery ticket which is registered to a players Tatts card on behalf of the registered customer, you will need a Prize Claim Form signed and completed by the registered card holder with the original ticket, signed letter of authorisation with the name of the person authorised to pick up the prize, stating the ticket number, registered card holders contact phone number and the prize amount that you are collecting. While most people imagine what coming into serious money might mean for their lives, what are the logistics of collecting a million-dollar Lotto win? In Western Australia it involves a visit to the dim, windowless winner's room in Lotterywest's non-descript building in Subiaco and a meeting with Pina Compagnone.
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The selection is too far out of balance to come up in a random drawing. Pattern betting is an even more popular method of marking bet slips.
Patterns of numbers marked in a row to make a straight line, either across the bet slip vertically or diagonally get heavy play—which means sharing the prize with others if the numbers are drawn as winners.
Other designs such as patterns of initials or numbers or crosses also get heavy play. Other popular combinations that get heavy play are the number multiples, especially and Many people like to play same last digits, such as , or all digits that end in seven, or some other favorite lucky lottery number.
Even four same last digits occur in less than two-tenths of one percent of all drawings. Winning sets of numbers with three last digits the same occur in less than 3 percent of all drawings.
Winning sets of numbers with no more than one repeated last digit represent nearly 90 percent of all drawings.
The majority of Lotto players like to play the calendar numbers, such as birth dates and anniversaries—and their children's ages.
This means that the most heavily played numbers are 1 through If you play only the calendar numbers, you might be sharing your jackpot with dozens of other winners.
It's not to say that you shouldn't play your personal numbers if you feel these lucky numbers are good to play.
But we recommend that you include a couple of high numbers so that just in case your numbers do hit, you win a prize that's worth something. Quick Picks are used by lazy people who want to be in the action without putting any effort into winning.
When you read articles about jackpot winners, it appears as though they all used either Quick Picks, birth dates, or their children's ages. The vast majority of people do play that way.
If the majority of tickets sold are Quick Picks, then it makes sense that the majority of jackpots won should be won with Quick Picks.
However, when you see the actual statistics, as we did, you'll find that you have a better chance of winning by picking numbers randomly out of a hat than by using Quick Picks.
The shortest, easiest way to search for Lotto numbers that have the greatest probability of winning is to track the trends.
Smart Luck strategies show you how to understand and use historical data. Advantage Gold is the best lotto strategy software which has a vast assortment of charts and reports that allow you to examine your lotto numbers in an infinite variety of ways.
Advantage Gold teaches you to understand and use historical data. She said paying off or buying a house, going on holiday, and helping close family members financially is what most people did with their winnings.
And contrary to news stories about newfound wealth causing rifts with children and friends, most people are content, she said.
This service may include material from Agence France-Presse AFP , APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced.
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Having a win of any amount is an exciting event, and for some lucky customers, it can be life-changing. From an email for a small win, to a personal phone call if you win first prize.
One of the better ways to use your money is to pay off debt. This may include your credit card or mortgage. Seek advice in relation your investment loans or even your mortgage as an offset account as opposed to paying off the loan itself may be more beneficial from a tax point of view down the track.
If you are not used to having money, it may require some discipline to preserve your windfall. Continue living within your means and consider only spending the income that the windfall produces as opposed to eating into the capital or principal of it.
Winnings are tax free but if you are receiving an inheritance you may have choices around how the estate is distributed to you.
There will potentially be cost, investment and tax consequences. Getting good advice will assist in structuring your windfall in a way that is optimal for your situation.
Setting aside your windfall in a high interest bank account is wise for the first few months while you decide on a plan.
In the meantime, ask your financial planner to put together a plan and investment portfolio for your long term goals. We then define your financial goals both before and after your win.
We do this review so we can take into account all aspects of your financial life, including your current assets and liabilities.
When considering investing a large lump sum from a lotto win, it is crucial to spend time on determining the best asset allocation for your financial objectives.
Below is a snapshot of some of the choices available to you, and the likely returns — based on long term historical performance. When you talk with a potential adviser, you should prepare for a two-way interview.
Ready to plan the rest of your new life? Get in touch with a Liston Newton financial adviser. We can help you understand your new life, and provide expert guidance and support to ensure you make the most of this exciting new chapter.
John has extensive experience in the finance industry in both the UK and Australia. This enables him to help others to reach their full potential.
As Director, John works across the business and advisory areas of the company. He helps people achieve both personal and business financial goals.
A guide to understanding the different types of business structures available, and which will work best for your property investment. Click here to read more.
Talk to Liston Newton Advisory about running a modelling session on your financial situation and get your personalised projections for where you are headed.
We define what SMSF contribution splitting is and how it works. Learn more by contacting Liston Newton.
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