Neil M
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I think they say there is a 1:52 chance of making £10, and 1:1000 chance of making £65 (four balls) and 1:55000 chance of making 5 balls (£1500). So adding these up for the 20000 chances of your £20000 lottery tickets leads to approximately 400*£10 + 20*£65 + 0.3*£1500
which is £2200.
Of course you might make 5 plus bonus, or the jackpot, but from the 20000 tickets the likelyhood of this is small, at 1:115 and 1:700 respectively. If you divide these amounts by the average winnings from 5+bonus and jackpot (£100000 and £2M) you add £869 and £2800 respectively.
So you total an average return of around £5869
So on average you lose £14000 of which some goes to good causes, some to the Government, and the rest to the directors, employees, and shareholders of Camelot.
Can I suggest you do something more productive with your spare cash. Take a holiday to Barbados. At least then your money is being used to pay for waiters to work in the sun bringing you nice fruit drinks rather than some bored accountant in a dingy Camelot office building in London. |
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goldeni009
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2000 |
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Sandee
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Either £20 or nothing. It's all a big con. They can manage to have a rollover at certain times of the year such as at holidays and Christmas. The best time to put the lottery on on Saturday nights is at 7.00pm if you want to win some. Most people keep the same numbers so everybody ought to change each time. Just remember, no matter what the business there is always a fiddle. |
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alatoruk
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you would probably have a better chance of hitting a prize on the premium bonds and you would get your 20,000 back when you cashed them in.
unless you can guarentee the lottery will make you 21,000 i would stick it in a 5% 1 year bond. that way you cant touch it for a year, just like you'd spent it all on the lottery but you would get back 21,000 at the end. |
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General Custer
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You'd get back about half your money, on average. |
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pooterilgatto
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zilch, you bought a nice peace of paper, save it to paper your walls with. |
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Polymath
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Most lotteries in the US return about half their purchases.
I have an alternate suggestion. If you deposit £20000 for me in an account in my name, and I could use your address (I assume that you live in the UK), I will give you £18000 back instead, and you can even have 10% of my poker winnings (since USA bank accounts are no longer good for online poker websites). |
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Daria: Death from below. MCR!
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You get about under 50 quid back. Do you know how many tickets they actually sell? Your chance of winning can be big and can be small. The ticket with the number can be sold anywhere.. |
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cosmicbluekiss
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Maybe £10 - thats honestly. My mum does 10 lines every week, she hasn't won a penny in a year! Madness!!!! |
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andy_114
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ther would be no return |
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jimmy the one
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0000000000000000000000000000000000000000... |
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bob
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poor, 32:1 chance of winning a prize |
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