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:
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|
How-To Guides | Help Centre