The Philippine government runs the Philippine lotto through the PCSO (Philippine Charity sweepstakes office) The February 22, 2009 6/49 Philippine lotto draw is said to be the biggest in history with an estimated pot of more than P 320,000,000.00. (Almost $7 Million U.S dollars)
The huge pot has attracted more than 25 Million Filipinos to place a bet. Reportedly, a lot of first time bettors have tried their luck in winning the huge pot praying that they would not only win the huge pot, but that they would win it alone. Last April 2008, a construction worker from Novaliches, Quezon City, won solo an estimated P249 million. He must have taken Orlando vacations by now.
Statistically speaking, the odds in winning the 6/49 Philippine lotto is also quite slim. Since there are 6 numbers chosen from a pool of 49 combinations, the odds of choosing the right combination is 10,068,347,520. The odds for winning the 6/49 Philippine lotto is simply computed through the following formula, 49 x 48 x 47 x 46 x 45 x 44/6 = 13,983,816 or roughly one in 14 million. (almost)
I am not a gambler and I have never betted in the Philippine lotto or any game of chance. However the statistics involved and the current frenzy by reason of the huge pot has attracted my attention so I decided to blog about the Philippine lotto. Not only that, “Philippine lotto” is a HITLOD keyword, so I guess I just couldn’t resist exploiting the Philippine lotto keyword hehehe.
So, with such high odds, what are the sure ways that you can win in the Philippine lotto? It may sound impossible, but I could think of two.
1.) Bet on all numbers – Simply spend P 279,676,320 and you are sure to win in the Philippine lotto. There 13,983,816 combinations, multiply that by P 20 per bet this equals to P 279,676,320. Since you are betting on every possible combination, you are sure to win in the Philippine lotto.
Since the price pot has already reached more than P 320,000,000.00, you are assured of more than P41 million in winnings. The problem with this strategy is that if there is more than one winner, just like what happened in Sunday’s draw wherein there are two winners wherein each of them will only get P 160 million. 🙁
Well I didn’t say that this article is about how to profit from the Philippine lotto. By betting on all numbers, you can be sure to win in the Philippine lotto, but I do not guarantee that you will profit from it. 🙂
2.) Don’t bet at all. – This is my favorite. My barber told me that he has betted in the Philippine lotto for the past seven years and told me has never won. Since he said he placed a bet every day, his average bet is about P 7,000.00 per year. (P 20.00 per bet x 365 days less holidays)
If he had placed his P 7,000.00 per year in time deposit account paying an interest rate of about of 4% per annum compounded, he would have grown said money to about more than P 9,000+ at the end of 7 years.
However if he placed his P 7,000.00 in the stock market and picked stocks wisely just like Warren Buffett then at the end of 7 years he would have an estimate of somewhere between P 89,000+ (15 % compounded return per annum) to a staggering P 160,000+. (30 % compounded return per annum)
In conclusion, not betting at all and investing the money instead, will certainly make you a winner.
Well that’s it, those are my tips on how to win the Philippine Lotto. Although I don’t believe in luck, for gamblers “Good luck” to you because I’m sure you’ll need more of it. Heheheh 🙂