just wondering what you guys thought about this
let's say you budget a small amount of money per week for playing scratch-offs
if you set aside enough of a percentage of your winnings to cover your initial investment, no matter how much you win should you just keep buying more tickets with your winnings?
after all, the worst that can happen is you'll be back where you started
some people say once you win the money it's yours, so you shouldn't treat it like money that can be spent without consequences
others say as long as you don't go in the hole, why not let the winnings ride since your odds of winning bigger prizes increase the more tickets you buy
just wondering if anybody has a strategy for this shit
I was thinking 2/7ths of my winnings set aside at each stage in betting.
so say you start off buying two $1 tickets and you win $7, so you set aside $2 of that and bet the remaining $5 on a ticket that wins you $8
so you set aside $2.29 of that, and you still have $5.71 to bet with
even if you lose what you have left to bet with, you'll still be up $2.29
and if you won $200 on the $5 ticket, you'd set aside $57.14, and play all the rest
even if you lost it you'd be up $59....
some people would say, "yeah, but you lost $140!!!! that's crazy"
but isn't it $140 I wouldn't have even had if I didn't bet anything?
the way I see it, being up $2.29 or $59 is 'up'. you only spent $2 of your own money to get there. why worry about the $140 you COULD have had...
you didn't have it before you spent the $2 after all...
whadya think?