Which lottery to play?

danlightbulb

danlightbulb

danlightbulb

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Joined
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Me and girlfriend are going to start playing a lottery with a tenner each per month.

I want to play the one with the best EV. This will be the lottery that gives the most revenue into its prize fund.

The problem with many lotteries is the extract of revenue for good causes. If I wanted to donate to good causes I would do it separately. I play a lottery to give me a chance at winning, and I want to maximise this.

It might be hard to avoid this, as the national lottery will be the easiest one to join and pay regularly into automatically.

I already have some premium bonds but we want chance at bigger jackpots.

Anyone in any alternative lotteries?
 
I sometimes play the Health Lottery as it has an RTP of around 70%. RTP means return to player, so for every £100 you spend on lotto tickets, the long term expectation is getting £70 back, but that would only happen after millions of plays when the pattern of play has smoothed out. Camelot's lottery is more like 50% RTP.

Fruit machines are around 80% RTP.

Online fruit machines / slot machines are around 90-95%.
 
200sols said:
Pretty much all online casinos have slots with jackpots e.g https://games.paddypower.com/c/jackpot-king

Its a mugs game though, at least a lottery helps people.
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I know it's a mugs game. My and gf just want a chance at it, life changing money etc, with a small amount each per month. Someone has to win.

I'll take a look at the odds of winning the jackpot on online slots but it's not an ideal solution because it can't be played passively (national lottery can pay be direct debt automatic recurring tickets, no effort needed).
 
danlightbulb said:
True but no big jackpots.



Best chance at winning big whilst minimising share of fee not to prize fund, is the objective here.



Thanks I'll take a look at it.
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Maybe premium bonds?

Its a bit rubbish with 10 quid. But as you don't lose your money you could put in, say, 100 between you each month.


Probably won't win for a while... But I'd go for that vs any other.
 
Pawnless Endgame said:
I had £500 put away in premium bonds for a few years and not a sniff. I then sacked it off because I went onto jobseekers and having premium bonds would have affected my JSA claim because it counted as savings.
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On average with £500 you'd win a prize every 4 or so years. On average that is, you can go a lot longer of course.
 
It's a tax on the poor... but the poor will say it's a chance of a dream..

I went though a period recently of spending a lot on the Euro lotto as the jackpot has rolled over serveal times... I've given up on it and disabled my online account.

Just quickly checked my accounts and 2011 (when my account go back too) till today, I have gamble £828.50 across 90 times. This would just be online purchases too.

I'm sure there's better lottos than the one that camalot runs, like the people's postcode but I'm OUT-OUT... been over 7 months since my last purchase. :)
 
Chance of jackpots, your having a laugh. My dad has spent thousands on the lottery and the most he even won might have been a £10 once and some free goes. Absolute mugs game
 
danlightbulb said:
Why does a lottery have to do this? Why not just make a bigger prize fund?

Not saying its not beneficial for the charities involved - of course it is - but personally I'd prefer a scheme which didn't do it.
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Because - and it sounds like this might be an alien concept to you - some folks actually like to help their fellow people.

And tax dodges ofc.
 
Diddums said:
Because - and it sounds like this might be an alien concept to you - some folks actually like to help their fellow people.

And tax dodges ofc.
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There was no choice in the matter was there? National lottery was set up mid 90's with good causes part of the brief. If you had two equivalent schemes, one giving to good causes and one not, I would wager many people would choose the one giving better prize fund and odds.
 
danlightbulb said:
There was no choice in the matter was there? National lottery was set up mid 90's with good causes part of the brief. If you had two equivalent schemes, one giving to good causes and one not, I would wager many people would choose the one giving better prize fund and odds.
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I'd rather they do support good causes, it's the only way we a a society are going to get selfish pricks to support those in their time of need ;)
 
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