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Instant Lottery Tickets – How to make Money With Losing Lottery Tickets

Buying and scratching instant lottery tickets is something that almost everyone did at one time or another. For some folks it’s probably something they do many times. I guess Togel Singapore for me, the bad buying habit is junk food. If i had spent my extra money on instant lottery tickets over the years, I may have been rich by now instead of overweight. Like anything, whether it’s food or gaming one have to it in moderation, and that is often demanding to do.

Here in the state of Philadelphia where I live, the first scratch off ticket came out in 1975, and they have been a big hit every since.

I have bought instant lottery tickets of a available price range in my state. I usually buy the $1 – $2 tickets, but once in awhile I buy a $5 – $10 ticket, and one time, I purchased a $20 instant ticket. I won nothing on the $20 ticket, not even $1 or a FREE ticket, so that was like throwing away my $20. You would think that with having to spend very much money, they would give everyone at least a free $1 ticket or something. I thought afterwards that we was kind of imprudent for spending and losing the $20 on one ticket, but bejesus as they say, “If you don’t play, you can’t win! “, it was a gamble, and I didn’t win that time. 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 instant lottery is pre-determined months ahead of it’s release. The tickets are designed and printed, chances are they are distributed to the lottery retailers throughout the state. Most small convenience stores offer instant lottery tickets, as well as the large stringed stores. You can usually discover 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 safeguarded section. Instant lottery tickets sell for as far as $1 and – $20 each in most states of the You. S. but some states may have tickets that sell for even more than $20 each.

States do instant lotteries to help fund many different programs. For instance in Philadelphia, the lottery is used to generate funds to benefit programs for the Commonwealth’s older residents. In Arkansas, since 1974, the Lottery has provided more than $13 thousand 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 a dollar spent on the Lottery benefits education programs; 61. 6 cents extends back to players as prizes, 5 cents is used for administrative costs and 6. 1 cents goes to retailers in the form of commissions, pay outs and bonuses. In all, more than 93 cents of a dollar stays in Missouri. It’s different for every state, but the lottery is very beneficial despite the few problems it can cause to some, in the form of gaming addictions.

Most folks buy instant (scratch off) tickets, and if they don’t win anything, they throw the tickets in the trash. Did you know that 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 would like to buy your tickets from you. I have seen losing lottery tickets sell for – $15 each, we were holding tickets that had no redeemable value. I once went to a nearby convenience store and asked them if i could have a bag of losing instant lottery tickets I saw they had in the grass behind the counter. The clerk gladly gave them to me, I took the tickets home and after checking through them all, I found two that were $1 winners that were not redeemed, and I sold tenacious losing tickets for $30, and the store was just going 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 for sale on the ebay auction website. There are folks selling non-winning, so called ‘worthless’ lottery tickets on ebay all the time. I recently did a search now while writing this article, and I found over 100 different auction listings for them. Who buys these non-winning lottery tickets? Collectors.

Instant Lottery Ticket collecting is fast becoming a big thing. There are groups and individuals all around the world, that love collecting lottery tickets. There are many websites, discussion groups and forums now just for lottery ticket collecting. In fact there is a good new term or name for an instant lottery ticket collector: LOTOLOGIST, and the instant lottery ticket collecting hobby is called: LOTOLOGY. To see how big this hobby is becoming just visit your favorite search engine, such as GOOGLE, and execute a search for: lotologist OR lotology. And you can find many sites collecting, selling and buying used non-winning instant lottery tickets.

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