Lotology which is the hobby of collecting lottery tickets is gaining momentum and fame in the current times. People find this act such a great rewarding hobby that is worth every trial that goes into it. However, in as much as this is the case, Lotology as a practice comes with its own unique set of downsides that you need to know off. This text explores some of the less talked about downsides of Lotology you need to know about just in case you have any plans of trying out this practice.
Financial Implications
One of the biggest downsides of Lotology is the financial burden and financial implications which come with the practice. While it might seem like Lotology does not cost that much, that is only the case if you look at everything from a narrow lens. Viewed from a wider lens Lotology can be so draining financially especially if you consider the costs associated with having to gather all the lottery tickets and organize them over a period of time.
This is why you need to be prepared psychologically prepared before venturing into Lotology. If possible, only ensure that you engage in Lotology as nothing more than just fun using money that you can afford to lose. Remember, while you might not spend that much on Lotology in one go, the amount you spend over a period of time cumulatively can ran into hundreds if not thousands of dollars which is why you need to be extremely careful with the trade.
Limited Value
The main motivation behind Lotology is the accrued value which builds over time. However, things do not always go this way or as per the expectations of money people and here is why. While most people who engage in Lotology do so with the expectations that the tickets they buy will appreciate in value that does not always come to pass as some tickets end up not appreciating in value as expected.
Such an outcome can result in some anger and annoyance in people especially those that had greater expectations in them. This is why you are advised to engage in Lotology for fun and nothing else it is only by carrying out the practice through fun that you will enjoy the practice all the way to the end.
Storage Challenges
When taking part in the Lotology practice, some things can be hidden from your view. One of them is the storage issues which come about as a result of accumulating a lot of lottery tickets. In some cases, the people who collect a lot of lottery tickets do not often have a proper place where they can store them which can pose a challenge in the afterwards. To deal with this problem effectively, you need to think of the right place to store the lottery tickets you collect and how to manage them when they grow in number.
Conclusion
While Lotology is a good practice, it is a practice that must be taken with a lot of care. The text above discusses some of the downsides of Lotology you need to know about for your own consideration.