I see a lot of individuals come into my store and lose too much money in the lottery. That could be rich individuals. Poor individuals. People who just feel like playing. Young people. Old individuals. Whoever it is, is not an issue. There are so many people out there playing the lottery and they are losing a great deal of money.

Here is a brilliant technique that I can provide you to help you minimize and cut your losses to a marginal level. I discovered this after studying and analyzing thousands of lottery players.

One important matter that the lottery players were not doing was setting what I call a "loss limit". A loss limit is a spending limit you want to set on yourself. You need to put a spending limit because it will prevent you from risking away all your money.

This is essential because there are too many people out there who spend more money than they can really afford to play. This is because the lottery stimulates a lot of emotions when you play whether it's the scratch off games, the pick 3 games, the pick 4 games, the pick 5games, or the state lottery.

The lottery will make the player to be overly emotional. That is why you need an insurance system that can forbid you from liquidating a great deal of money. Therefore, one little magic that I have found is setting a daily loss limit.

Simply set your own personal loss limit before you play the lottery. It can be $10, $50, $100. It doesn't matter how much it is. What matters is that it's agreeable to your own financial budget. So set it and stick to it.

It's basically two measures. First measure is to set it. And the second measure is to stick to it. The reason why you want to do this is you will spare a lot of money practicing this technique. I have seen too many individuals come into my store getting off playing 2 scratch off ticket stand they end up spending over 50 or more scratch off tickets!

Unfortunately, they end up losing a great deal of money in the scratch off games. If they have set a loss limit before entering the store, they would have kept getting big losses.

You lose money, like in casinos. That's just the reality of all the lottery games. But something you can do to prevent yourself from losing too much money is to set a loss limit. When you set a loss limit, you will check yourself at the correct time before it gets even worse.

It's like the stock market. When your stock price is going down,there is an 8% rule by a well-known investor. He says that when your stock price is going down 8%, you want to sell all your stocks instantly because you wish to cut your losses before it gets even worse.It's similar when you're playing any lottery game, you require to set a loss limit. And most importantly, you need to stick to it. So beginning today whenever you go into the store, set your personal loss limit and stick to it.