Yes we all know that the rule of gambling is that you will pay more out then you get back, but ignoring this fact, if you consider the Vernons lotery games and say have one entry per week, over a average playing life (say 20 years) what would the average return be on each game?
What net % return (negative) would this equate to for each game?
The given odds are?
GB Millions games
Prize Level Win Probability (1 in x) Odds Offered by Vernons GB Lotto Guaranteed Prizes EuroMillions Estimated Prizes 5 plus 2 Stars 76,275,360 666,665.67 1,000,000 Jackpot 5 plus 1 Star 5,448,240 216,665.67 325,000 321,119 5 plus No Stars 3,632,160 69,999.00 105,000 68,920 4 plus 2 Stars 339,002 6,665.67 10,000 6,431 4 plus 1 Star 24,214 209.00 315 206.70 4 plus No Stars 16,143 139.0 210 137.80 3 plus 2 Star 7,705 99.00 150 96.50 3 plus 1 Star 550 32.33 50 30.80 2 plus 2 Stars 538 19.67 31 20.10 3 plus No Stars 367 13.00 21 13.70 1 plus 2 Stars 102 7.00 12 7.90 2 plus 1 Star 38 6.00 10.50 6.70
Florida Daily
Game Number Correct How much you can win (Per 1 stake) Chance of winning (1 in x) Pick 4 4 Correct 30,000 58,905 Pick 3 3 Correct 1,000 1,785 Pick 2 2 Correct 50 105 Pick 1 1 Correct 5 9 Overall Overall chance of winning a prize 5