Lotto Value Ratio Calculation

There are currently over 40 lotteries available to play and bet on within the UK - in fact, Lottoland alone offers 31 lotteries to bet on at the time of writing.

When you consider the following, things start to get very confusing:

  • Each lottery has a different size jackpot
  • Each lottery has different probability of winning the jackpot
  • Each lottery costs a different amount to play/bet on

Let’s input a couple of popular lotteries side-by-side to demonstrate the point:

Lotto Average Jackpot Size Probability of Winning Jackpot Cost to Play/Bet
UK National Lottery £10,000,000 1 in 45,057,474 £2.00
Euromillions £54,473,530 1 in 139,838,160 £2.50
US Powerball £53,388,085 1 in 292,201,338 £3.00

Which lottery is the best value for money?

Tough eh! Time to dust off the GCSE Maths text book and start working out some percentages? Luckily CompareTheLotto.com has done the hard work for you, here’s the calculation we use to work it out:

((average jackpot size/odds of winning the jackpot)/cost to play)*100)

Now, let’s look at the same lotteries as above but with the ‘Lotto Value Ratio’ worked out:

Lotto Average Jackpot Size Probability of Winning Jackpot Cost to Play/Bet Lotto Value Ratio
UK National Lottery £10,000,000 1 in 45,057,474 £2.00 11.1 Average
Euromillions £54,473,530 1 in 139,838,160 £2.50 15.4 Average
US Powerball £53,388,085 1 in 292,201,338 £3.00 6.1 Low

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Comparethelotto.com was started in May 2012 with the aim of finding lottery betting customers the best possible deals.
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