Why Would You Want to Play the Lottery?
It is hard to find many people that have not played the lottery at some point. It’s one of those kinds of contests where everyone finds the opportunity to join in. You stop at a gas station or a convenience store, see the prize that is available, and realize that if you just spent a little of your time filling out the card and a small amount of money you have the chance to win something really big.
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The question that many wonder is if this is really worth even the smallest of investments? Is it really worth spending your hard earned money on something where you’ll never really have a chance to win? That’s a really good question for which BingoPort has the answers for you.
What Is the Lottery in the UK LIKE?
Most are probably aware of how the lottery works, but here’s some information for those that might be a little less learned on the subject. What you will find is that most lottery contests have somewhere between five or six numbers that are selected, with the numbers that are available ranging from 1 to 59. Some have a smaller range than this, but this is usually what you will find.Other contests add on a lucky ball or money ball kind of number that acts as a modifier to increase the value of what is earned.
In the National Lottery you choose up to six numbers with each number ranging from 1 to 59. The Health Lottery, on the other hand, has you choose five numbers, with the numbers ranging between 1 and 50.
When the numbers are chosen players can win depending upon the number of numbers that they have correct. For example, if you have three numbers correct in many of the lotteries you earn a small cash prize. If you have all of the numbers correct, then you earn whatever the jackpot is worth, which often can reach values in the millions.
This is a large part of the enticement that players have. They are searching for that big prize. As the prize continues to go up, the number of players will also rise with it. It is almost inevitable that a larger jackpot will lead to an increase of 10% in the number of players that played from the previous week.
The very first lottery that occurred in the United Kingdom was the National Lottery which is the most popular today. In 2002, it became known as Lotto, and the operator of the lottery contest, Camelot, have since then launched an increasing number of games including Thunderball and EuroMillions. These games produce more than 6 million winners every single week.
Of all the revenue that goes into buying these tickets, 28% of the gross revenue goes towards what is referred to as “good causes” which helps in a wide variety of causes, many of which are charitable projects across the UK.
While the National Lottery is still the number one lottery in the UK, and the most widely played, others are starting to gain traction with the public. This includes the Health Lottery and the People’s Postcode Lottery.
The very first lottery was launched in 1994, but it was not widely accepted. However, over time it really gained in popularity and over 40 percent of people buy at least four scratch cards or tickets each week. At least 52 percent of all the people that have played have won at least a penny and the average person spends £416 each year on lottery tickets or scratch cards.
What is kind of ironic about this is that most people do not consider themselves gamblers, even though they are participating in a gambling endeavor. It is found that most people don’t like the stigma of thinking that they are gambling, but they still play the lottery almost religiously each and every week.
What is found is that at least 15 million and as many as 45 million lottery tickets are sold for each and every Lotto drawing. Clearly, they are becoming one of the most popular activities for people of the United Kingdom.
What Are the Chances that I Can Win?
Each contest has a different chance of winning depending upon the game you are playing. While you may find that the odds are really not that good, the chance of winning big is just too enticing for many. Here are the odds of you winning at the most popular contests.
In the EuroMillions, you choose five numbers that range from 1 to 50. You also have to match two numbers together, which are referred to as the “Lucky Stars.” These numbers range from 1 to 12. To win the overall jackpot the odds are 1 in 76 million. Nine different countries play this contest and it is the toughest one of them to win.
The Lotto is the most popular game in the United Kingdom and requires participants to choose six different numbers that range from 1 to 59. The odds of winning in this contest are 1 in 45 million, which is better than the EuroMillions but still a long shot of sorts.
The Health Lottery requires you to choose five numbers which range from 1 to 50. The odds of winning the big jackpot are 1 in 2 million, which is one of the best odds you will find.
The People’s Postcode Lottery provides the best chances for you to win of the major lottery contests in the country. The odds of winning are 1 in 162,000. You do not actually draw numbers for this contest, but draw postcodes that you use to win.
The EuroMillions has much tougher odds to win, but offers a much better chance to win big. The jackpots are limited only by the number of players that have competed in the contest. The Health Lottery jackpot is capped at £100,000. The jackpot for the People’s Postcard Lottery has a much smaller jackpot and this is why you are more likely to win.
Facts About the Lottery: those lotteries that only use numbers between 1 and 49 offer the chance to win of 1 out of every 49 million. By adding 10 more numbers in October 2015 made the odds more than five times harder to win.
If you are wondering what your odds are in winning the EuroMillions consider this for a moment.
- There is a 1 in 12 million chance that you will become an astronaut.
- You have a 1 in 10 million chance of being hit by lightning
- There is a 1 in 10 million chance of being struck by a plane while sky diving.
- There is a 1 in 1 million chance of dying from flesh-eating bacteria.
- There is a 1 in 11,500 chance of winning an Oscar in your lifetime.
Is There a Way to Make it More Likely You Will Win?
With so many people playing the lottery each week, you would think that someone has come up with a system that makes it easier for them to win. You may wonder if there is a way to ensure that you can come away with a surefire victory. At least a way to improve your odds.
The truth is that there are no full proof ways. There is a reason that this is considered gambling. You are taking a gamble that you could easily lose your investment.
However, there are methods that can help to improve your odds, at least according to several spots online. The only real way that a person can increase their odds is to actually play more frequently. If you have more numbers, then you have more chances to win, but that is a matter of spending more money, which may not seem like a worthwhile investment considering that each number that you have the same odds of winning.
If you really want to improve your odds without spending a whole lot of money, then the truth is that the best way to do this is to join in a group that is purchasing a lot of tickets together. For example, if you joined with 100 people that each purchased 10 tickets, then you decrease your odds in the EuroMillions to 1 in 760,000. While you don’t receive the same amount of payout, a large payout is still worth it, even if you have to share it.
Should You Play?
The truth is that you should only participate in the lottery if you can afford to do so. Many buy lottery tickets expecting that this is the way to get out of the financial troubles that they are in. They spend what they don’t have hoping it will mean that they will win big. That is not a good investment at all.
As mentioned earlier, the average person spends about £450 per year. That may not be a lot to the average person, but that be a month’s rent for some. If you can afford to go for the big prize then this is the only time you should play it.
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