Lottery betting is one of the simplest ways to gamble, and one with nice low stakes. It is widely available online, although in many jurisdictions, physical lottery tickets are also sold through convenience stores and betting outlets.
Lottery players buy a ticket containing one or more lines of numbers, usually six per line. The winning numbers are then drawn, most often from a pool of 50 or more. This was once a mechanical affair involving numbered balls and a randomising tumbler, but in most modern lotteries it is handled by random number generators.
Players who have a line matching all six drawn numbers win the jackpot prize, which can amount to millions. Most lotteries also pay smaller dividends for matches of five, four or three winning numbers.
Betting on Lotteries
To be eligible to win a lottery, you need to buy a ticket, but that isn’t the only way to bet on lotteries. If you live somewhere where lottery tickets are not sold, it might still be possible for you to bet on the outcome of foreign lotteries, on the condition that betting is legal in your home country. You are not buying a lottery ticket containing those numbers, you are in fact betting a bookmaker that certain numbers will come up in a foreign lottery draw.
If you win, you do not get the same prize as someone with the magic lottery ticket, unfortunately. However, you would win whatever odds the bookmaker was prepared to give you on predicting those lottery numbers exactly, which should still be a substantial amount. If you live in a jurisdiction that allows online betting, you can find lottery betting options like wagering on sports at https://ausbet.net.au/sports.
Working out Lottery Odds
The odds of winning a lottery depend on how many numbers make up a line, how many numbers are drawn, and the size of the number pool. There are several ways to work these odds out.
If there are six numbers on a lottery line and six winning numbers are drawn from a pool of 50, one way to look at it is this: the first spot in the winning line can be filled by any one of 50 numbers. But that leaves only 49 numbers as possibilities for the second spot, and 48 for the third, and so on, through all six spots.
So, there are 50 x 49 x 48 x 47 x 46 x 45 different ways all six spots can be filled, or 11,441,304,000 possibilities. The odds against winning that lottery are 11,441,303,999 to 1.
Realistically, anyone playing the lottery should admit that it is the longest of long shots… and given the size of the odds, buying multiple tickets or permutations do not really improve your chances. But that’s what “getting lucky” is all about, surely? Nobody who really wants to be blessed by fortune bets on the dead certainties.
In lotteries’ favour, is that they are generally affordable. Your best strategy is to play the cheapest ticket with the same numbers on every lottery and wait for lightning to strike.