You’re more likely to unexpectedly die tomorrow than win first division in tonight’s Powerball.
That’s the bleak reality from University of Melbourne’s Professor of Applied Probability, Peter Taylor.
A whopping $100 million price is up for grabs tonight, the largest in Powerball’s 22-year history.
But while you might be day-dreaming of quitting your job and taking luxurious holidays – the chances of scooping the top prize is pretty slim: for every single ticket you’ve got in the Powerball, Prof. Taylor says the chance of winning is about about one in 134 million.
That means you’re much more likely to die unexpectedly tomorrow, than win the top prize.
“You don’t do into things like this thinking you’re gonna make money – because on average you will lose… if you’re thinking of it in terms of a sound financial decision the best option is to not buy a ticket at all,” he explained.
“People around offices are buying them, everyone’s excited. It’s a little thing that can bring community together and being part of that can be a good cultural experience.”
He says people should buy lotto tickets for the social factor, rather than with hopes of winning.