I am not a fan of the lottery. My husband will occasionally sneak the purchase of a ticket past my watchful eye but generally I avoid the whole game. This week I am making up for my previous avoidance.
The Euro Lottery is at £88m. A guess at the current exchange rate puts the jackpot at approximately $160m. OK, so I'm willing to make an exception this week. Normally the odds of winning the Euro lottery hover somewhere around 1:75 million. Since the £88m cannot be rolled over and must be awarded this week if no one matches all the numbers the winnings will be distributed amongst the next set of matching numbers. This means the odds of winning have substantially shifted in our favour.
I approved a purchase of a £1 lottery ticket which in my husband's world translates to £30. This is what is known in financial circles as the Marc Conversion rate.
He got home. I examined the tickets. And immediately starting making a list of everything we would do with the money. So far we've only spent about £2.2 million. We could split the winnings with a lot of people and still get £2.2m.
Draw is at 10:25 pm (GMT). Stay tuned.