About The Odds Of Winning The Lottery
A recent jackpot on the UK lottery draw went to Kevin Halstead of Lancashire. Kevin won 2.3 million and decided to buy his daughter a pony and to move house into the village of his birth, Eccleston. His job has been driving a bus for seventeen years, which he enjoyed. "I didn't want to pack my job in. I asked my boss for time off, a month maybe two, but I don't want to cut myself off from my friends and I really enjoy my job," he said.
Many people imagine what we would do if we were in the same position as Kevin Halstead but what are the chances of winning the British National Lottery?
In truth the odds of winning the jackpot are calculated to be 1 in 13 983 816: about the same as becoming an astronaut! It is also true a person is more likely to be struck by lightning (1 in 2.32 million). Bill Hartson, a mathematician, calculated it would be possible to reduce the odds to as low as 1 in 14 if a player bought 100 000 worth of tickets every time the jackpot rolled over.
There are other prizes won in the UK lottery draw, however, and it has been estimated that one million people win some money in every week. Of course to win the jackpot all six numbers drawn have to match the players numbers (selected from the range 1 to 49) but prizes are given for matching five, four or even three balls. The value of these prizes range from 100 000 to 10 but the odds also range from 1 in 2.3 million to 1 in 56.7. This means the chances of winning any prize drop to 1 in 54.
More consistent rewards can be gained from joining a syndicate. Members of such a lottery syndicate share in any money won by any player in the group thus ensuring each member has a better chance of receiving a return. One in every four jackpot wins is collected by a syndicate.
Schemes to develop the mathematical models and so increase player's chances of winning the lottery are quite common but one that seems attractive is the Elottery programme. In the Elottery model for five pounds a week each member is given forty-four entries into both the weekly British National Lottery draws (on Wednesday and Saturday) and plays as a member of a syndicate of forty-nine players. Each member selects just five numbers to place into the lottery and these are entered into the lottery forty-four times. The sixth number is added in order from the remaining forty-four numbers. Interestingly this reduces the chances of winning any prize to 1 in 13, an improvement of 702%.
There is no doubt the UK lottery draw is just a lottery but there are ways to improve the odds of gaining money from it. Joining a syndicate certainly seems to be one way to do this. There are clearly several ways to play the British National Lottery.
Many people imagine what we would do if we were in the same position as Kevin Halstead but what are the chances of winning the British National Lottery?
In truth the odds of winning the jackpot are calculated to be 1 in 13 983 816: about the same as becoming an astronaut! It is also true a person is more likely to be struck by lightning (1 in 2.32 million). Bill Hartson, a mathematician, calculated it would be possible to reduce the odds to as low as 1 in 14 if a player bought 100 000 worth of tickets every time the jackpot rolled over.
There are other prizes won in the UK lottery draw, however, and it has been estimated that one million people win some money in every week. Of course to win the jackpot all six numbers drawn have to match the players numbers (selected from the range 1 to 49) but prizes are given for matching five, four or even three balls. The value of these prizes range from 100 000 to 10 but the odds also range from 1 in 2.3 million to 1 in 56.7. This means the chances of winning any prize drop to 1 in 54.
More consistent rewards can be gained from joining a syndicate. Members of such a lottery syndicate share in any money won by any player in the group thus ensuring each member has a better chance of receiving a return. One in every four jackpot wins is collected by a syndicate.
Schemes to develop the mathematical models and so increase player's chances of winning the lottery are quite common but one that seems attractive is the Elottery programme. In the Elottery model for five pounds a week each member is given forty-four entries into both the weekly British National Lottery draws (on Wednesday and Saturday) and plays as a member of a syndicate of forty-nine players. Each member selects just five numbers to place into the lottery and these are entered into the lottery forty-four times. The sixth number is added in order from the remaining forty-four numbers. Interestingly this reduces the chances of winning any prize to 1 in 13, an improvement of 702%.
There is no doubt the UK lottery draw is just a lottery but there are ways to improve the odds of gaining money from it. Joining a syndicate certainly seems to be one way to do this. There are clearly several ways to play the British National Lottery.
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