EVERYONE would love to hit the lottery jackpot at least once in their lifetime. Sadly, it's not easy to win the big one!
Different lotteries come with different mechanics and designs. Similarly, lottery games differ in terms of prizes, jackpots, and most importantly, jackpot odds and lottery odds.
So, how do you improve your chances of winning the lottery?
If you're serious about improving your chances of winning on a lottery it's best if you learn the different options available at your disposal.
It pays to know the lottery games that have the highest probability of winning, a bit like you do when betting on football. For this reason, therefore, have a look at this guide of the best lottery games with the best odds of winning. As you know, knowing is half the battle…
The National Lottery
The UK National Lottery features several games, but the Lotto is most popular as it boasts the biggest prizes.
Camelot, the corporation behind the National Lottery, re-engineered the Lotto game in 2015, which has greatly impacted the odds of winning. Now, there are ten new numbers to the draw taking the total to 59.
As a result, the chances of winning the biggest prize is almost even greater.
The odds of matching six digits shot from approximately 14,000,000/1 to 45,000,000/1. Meanwhile, the odds of matching five digits have increased to 144,400/1 from 55,000/one.
At the same time Camelot made the changes they also included new prizes such as a Guaranteed Millionaire. So, while the odds of winning big prizes have diminished, the odds of winning any prize is currently 9.3/1.
Camelot also owns and operates EuroMillions. EuroMillions operates throughout in Europe and usually has significantly bigger jackpots than the UK draw.
Because of this, the odds of winning the big prize is 116,500,000/1, making it even more difficult to win. Price of a ticket is also higher for the EuroMillions draw compared the the National Lottery.
On the other hand, the odds of winning the second biggest prize is better than winning the UK game. Additionally, players have one in 13 chances of winning any prize. Like the National Lottery you can play EuroMillions online or at many grocery shops, supermarkets and petrol stations in the UK.
The Irish Lotto features much better ratios of jackpot size to odds winning. The minimum jackpot amount is €1.4million. Meanwhile, the odds of winning are about 10,700,000/1, which is lower than many big lottery games. The odds of winning any prize is 72/1, which is not that great.
If you are after jackpots only, consider Ireland’s lottery game. You can also bet on the Irish Lottery at many bookmakers where you can try to predict which numbers will appear in the draw.
Coming at 6/1, the French Lotto brags the best odds of winning any prize, which is quite a decent rate for regular players. However, the prizes below the first two tiers are small sums.
Therefore, you shouldn’t be too excited by these odds. A minimum jackpot of €2million is included, which increases by a million every time no-one wins. The odds of winning stand at 19,000,000/1.
This less-famous Polish game has some great jackpot odds. It is the smaller version of Poland’s largest draw, but the jackpots are smaller around €50,000. The good thing about them though is that the odds of winning are higher than other lottery games at around 850,000/1.
A ticket can be bought for as little as 25p, thus it is also cheap to play. Draws happen six days a week, which in turn, increases your chances of winning.
Tips for Winning a Lottery
Now that this Masterclass lists all of the lottery odds, what are the ways that can help increase your chances of winning the lottery?
Play the Right Games
Often, people think winning the lottery involves playing only a single game, however, different lottery games have different odds of winning so, ensure that you read the odds prior to spending your money to make sure you maximize your winning chances.
Lottery games such as Mega-Millions and Powerball are national lotteries and as such, they have a wider entry pool. To play state lotteries, you must physically be in that state to purchase a ticket.
Get More Entries by Joining a Lottery Syndicate
The simplest way to increase your odds of winning a lottery is to purchase more tickets. This costs a lot of money though, and even if you buy many tickets, your odds of winning are still low.
Lottery pools or syndicates, on the other hand, allows you to improve your odds without spending as much cash. Look for an office lottery pool or create your own to maximize your chances of winning.
Take Steps to Secure Winning Lottery Tickets
If you happen to win the lottery, what you don’t want to do is to let the prize go away by mistake.
So, the first and most important thing you should do once you get your ticket is to sign it on the back. This will provide that it is yours if it is stolen or lost.
Also, you can hire an accountant or financial planner to help you manage your funds for the future.
Additionally, if you can live in an area where you are anonymous unlike some of these huge lottery winners, then do just that, unless you want to spend your life fighting off people asking you for money.