Which lottery to play?

Spend £240 a year and get back £50 or not over the year, it's irrelevant as your goal still hasn't been achieved and it cost you. You've still got the same real chance of achieving millions by buying one ticket a week.

The Mug's Game saying probably came from someone who looked at the statistics. I wonder if anyone has done the maths on chances of winning several million in one win vs the same duration but the jackpot is maxed at a million per win which would require several wins to achieve the same initial amount.

Buy a single ticket for the highest jackpot.
 
Just play £1 on Thunderball or something a week. £4 a month is nothing, people spend more on a McDonald's in one day, at least a thunderball line won't eventually kill your innards :p

And if you one day win the jackpot, then you can invest a chunk of it to then be able to post in the passive income thread finally :cry:
 
Play the post code lottery, £12 per month. Win a tenner fairly often, not enough to get all my money back but often enough to keep me playing. I'd say I "won" about 30% of what I spent.
 
Feek said:
Someone else posted something similar to this a few years ago and so I started doing it as well.

I’ve won a fiver. Once.
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Unlucky. Been playing for about 3 years. Just checked my emails and this year I have won £10 8 times! Don't seem to have emails from previous years but they weren't as good as this year.
 
danlightbulb said:
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?
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Don't go in with your girlfriend as if you win, you have to share at least half with her. She may even try to keep it all if she's paid on her card.
 
danlightbulb said:
Tax already does that. 'Good causes' donations via lottery is essentially another stealth tax. If someone wants to donate to charity, they are free to do so. Why should playing the lottery be conditional on making a charity donation?
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Set up your own lottery. Allocate 5% of takings as the prize fund. Keep 95% for yourself.



*May not be legal, strictly speaking.
 
danlightbulb said:
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?
Click to expand...

Ev?
 
Betting on the horses is pretty good.

My uncle and I used to bet a few quid on Saturday races. It was good looking through the horse race list in the newspapers. Checking the race form.

Eventually you get to recognise horse names, jockeys, and owners.
 
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