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The size of a jackpot is what attracts many people to play the lottery although the bigger the jackpot, the lower the chances of winning it.
When jackpots are that big, odds of winning the lottery are the last thing on a player's mind. We think that disregarding these amazing lotteries is a big mistake that a lot of players tend to make, because even the smallest jackpots can make a huge impact!
The table below will help you choose a lottery with the best odds by comparing the jackpot winning odds of several different lotteries on our site.
But as can be expected, the jackpot prizes up for grabs are much smaller than those you could win in the bigger games.
The odds of winning the Powerball jackpot are ,,, but as insurmountable as that might seem, it's not impossible to win! If you're in it to win Powerball or one of the other huge jackpots out there, the table below compares the jackpot odds in some of the most popular lotteries from around the world.
Each lottery ticket you buy gives you one chance of winning the jackpot. Buying three tickets gives you three chances of winning, however the overall best lottery odds of winning the jackpot, or any other prize in the lottery draw, depend on how many numbers are to be chosen on a ticket and the guess range of the numbers available in the draw.
If an additional number, such as a powerball, is also drawn, it is even harder to win prizes. For example, your chances of winning the jackpot in New York Lotto, where you choose 6 numbers from a guess range 1 in 45,, odds are better than if you were playing Germany Lotto.
In comparison, when you play the US Powerball you choose 5 numbers from a guess range of and an additional Powerball from a guess range of , giving you a 1 in ,, chance of winning the jackpot.
When you play Mega Millions , you choose 5 numbers from a guess range of and an additional Mega Number from a guess range of This gives you a 1 in ,, chance of winning the Mega Millions jackpot.
The odds of winning Powerball and Mega Millions are pretty low and as a result, their jackpots roll over repeatedly until they reach world-record amounts.
The bigger the guess range, and the more numbers you must match, the more difficult it is to hit the jackpot. Bonus numbers, which you do not select when you purchase your ticket, do not affect the odds of winning the jackpot but rather give you more chances of winning secondary prizes.
When choosing a lottery, you should take into consideration the lottery odds as well as the jackpot odds.
Knowing the difference between these two types of odds can help you understand what lottery has the best odds and then you can select which lottery to play.
To answer the question which lottery has the best odds, you have to take into account both jackpot odds and lottery odds.
What exactly are jackpot odds? And how are they different from lottery odds? By definition, lottery odds are the odds of your winning any prize in a lottery, while jackpot odds refer to your chances of winning a specific prize - the jackpot.
The odds for winning a lottery prize are based on formulas considered "lottery mathematics", which determine your chances of matching the numbers drawn.
Formulas for calculating lottery odds and jackpot odds are a bit complicated. Formulas for the calculation of lottery jackpots are also complicated, but that's a different story.
Lottery odds and jackpot odds take into account how many numbers there are in total; how many of them are selected in each draw; and whether there is an additional 'powerball' included in the draw.
Lottery organizers tend to seek a balance between setting up a game with unfavourable jackpot odds which will result in higher jackpots and therefore higher ticket sales and setting up a game with favourable lottery odds so that players will have a relatively good chance of winning prizes.
But on the other hand, these changes resulted in better lottery odds for second tier prizes. Prize amounts were raised as well as part of efforts to encourage people to play Mega Millions.
BETTER ODDS. Division 7 was introduced, allowing players to match three numbers on a single line to win.
Previously, the best chance of getting a prize was one in Lotto's last major change was in when playing mid-week began, essentially doubling the opportunities for people to have a go at winning.
Other big changes have included Strike's introduction in April and Powerball in February Lotto by the numbers: The chances of being a winner.
Leith Huffadine , Sep 20 Method 2 of All you need is a single ticket to play. While you can always buy more, the extra tickets often do not increase your odds of winning by a significant amount.
The biggest lotteries have the ability to print an unlimited number of tickets for every possible number combination.
Play weekly if you have money to set aside for a ticket. Since winning is all about luck, increase your chances by getting in the game as often as possible.
Many lotteries have a drawing each week. Purchase a ticket before each new drawing in order to give yourself a shot at the jackpot.
If you really want to win, play as often as you can. Having patience and dedication helps. Join a lottery pool to purchase multiple tickets as a group.
Organize a group at your office, school, church, or anywhere else you can find people willing to play. In a pool, everyone who joins agrees to buy at least one ticket.
If someone wins, they split the money evenly with everyone else in the pool. Depending on how many people join the pool, you could accumulate a bunch of tickets without shelling out a lot of your own money.
Make sure someone trustworthy handles the money and tickets. Keep a photocopy of your ticket and receipt to ensure you have proof in case you win.
Play less often if you wish to chase a big jackpot. Instead of getting a ticket for every single drawing, save up to play for the big prize.
That way, you get to have fun without spending more than you normally would. The extra tickets bump up your chances of winning very slightly.
Many lotteries, including big ones like Powerball, have a cumulative jackpot that gets bigger when no one wins. For the best chance of winning money, do this for a smaller game such as a state pick With bigger games like EuroMillions, your odds will still be very low.
Method 3 of Invest in smaller lottery games with less numbers to choose from. These games often have better odds and are more likely to pay out.
Look for games that pick from a smaller set of numbers or fewer balls. On the downside, these games pay less in prize money than the most popular games.
Regional lottery games have better odds than big games like Powerball and Mega Millions. For example, try a state pick-3 game. You only have to pick 3 numbers to win instead of 5 or 6.
Purchase scratchcards for a quicker and simpler way to play. Many regional lotteries offer scratch-off games. These cards are instant and have better odds of awarding money than big lottery drawings.
Most lottery commissions have a number of different games to play. You could get cheap cards or play pricier games with bigger prizes. A typical scratchcard offers odds at best, meaning that 1 in every 5 cards is a winner.
It depends on the game. Check your tickets for alternative ways to win. Everyone has their eyes on the jackpot, but many lottery games offer smaller prizes as well.
Read up about the rules of the game. You can win a small prize by picking the number on the red ball. You could also win by picking 3 or more white ball numbers.
No, as you would then only have one chance at winning. Choosing several different groups of numbers would increase your chances. Not Helpful 1 Helpful If I elect the payment Power Ball option not the immediate payout and I pass away, will the remaining payments go to my heir?
The first thing before claiming is to retain a lawyer, one specialized in financial law cases and setting up trusts, blind trust, wills, and family estates.
Before claiming your ticket you'll also want to find a trustworthy and highly-rated certified financial adviser CFA and come up with a plan on how to live on a budget and not go broke like many people who come into big money tend to.
Be sure the budget allows enough to be invested in low-risk, interest-bearing options, and be sure to diversify!
Not Helpful 0 Helpful That depends on what state you live in and who you buy the tickets from. You can get them online or through a third party in New York, California, and Georgia.
Not Helpful 3 Helpful No, it does not matter, as long as they sell the same tickets and let you do quick picks. It can be helpful to find one with friendlier workers, who can tell you which lottery tickets had more wins, however.
Not Helpful 37 Helpful Can I use my non-winning tickets for a tax-write off if I win a large lottery pay off?
Yes, you may deduct all losses losing tickets are considered proof of purchase from income in a tax year. Not Helpful 36 Helpful There is no way to improve your Pick 3 odds better than a completely random guess.
However, if the lottery has a "Sum Up" bonus feature, pick any combination of numbers that adds up to 13 or This gives you a 1 in 13 chance of winning the Sum Up bonus.
The old quick pick number has no effect on the next winning numbers. It is completely random.