Wednesday 18 April 2012

General Lottery Odds

The odds against winning a lottery jackpot prize differ with every lottery. The odds have nothing to do with the size of the jackpot, the price of the ticket or the number of tickets being bought. The odds are determined solely by how many numbers you have to select from, and how many you have to match.

For example:

The aim of the UK’s National Lottery Lotto draw is to pick 6 numbers from a possible 49. Those numbers then have to match the numbers drawn to win the jackpot. The odds in this instance are 1 in 13,983,816.

The aim of the pan-European EuroMillions lottery draw is to match 5 numbers from a possible 50, plus two lucky star numbers from a possible 11. The odds in this instance are 1 in 116,531,800

In the UK’s National Lottery Thunderball draw, the aim is to 5 numbers from a possible 39, plus one Thunderball number from a possible 14. The odds in this case are 1 in 8,060,598

As you can see, the odds are all different.

1 in 4 Lottery jackpots are won by a syndicate. The reason for that is probably because as a syndicate pool all the money from their members, they buy many more tickets. Each extra ticket they buy dramatically improves their chances of winning. For example, buy 1 ticket for the lotto draw and your chances of winning are 1 in 13,983,816. If you enter into a syndicate of 100 people, each of you spending £1, your odds of winning reduce to 1 in less than 700,000. You may win less as the winnings are split 100 ways, but you have many many many more chances to win.

Free National Lottery Tickets

Our tip would be to get as many entries into those large jackpot draws as possible. Even joining a syndicate of 100 people could win you a life changing amount of money. Sign up with Free National Lottery Tickets today and get yourself two free Lotto and EuroMillions tickets for the next draws
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