You might think the lottery with the best odds is the one to play.
Or you might think that the game with the best jackpot odds is the once to choose.
That’s wrong too.
So let’s dig in to why most advice on this is wrong. And how you can choose a better game, with the best chance of winning for you.
Which Lottery Has The Best Chance Of Winning?
The lottery with the best chance of winning is the game with the best overall odds.
But who cares how amazing the odds are if all you win is $1?
What Are The ‘Odds Of Winning Any Prize’?
The odds of winning any prize is your overall chances of a single entry winning something. But that something can be anything from the lowest tier prize (a free ticket or $1) right up to the jackpot.
Which is why these figures tend to range from 1-in-5 up to 1-in-100. Because lottery games have lots of lower tier prizes.
It’s a figure that has some use. But it’s a terrible way to choose which game to play. It doesn’t tell you anything about the size of the prize, or the chances of winning a decent sized prize.
Which Lottery Is The Easiest To Win?
The lottery that is easiest to win is the one with the fewest balls drawn. So a Pick 3 game is of course easier to win than a Pick 4 or Pick 5 game.
But of course the Pick 3 prizes are much smaller.
And this is the hidden half of this question.
Because, yes you really want the game with the best odds. But you also want the jackpot to be big enough to get you excited.
Nobody makes an income playing Pick 3, so it’s rarely ever the right game to choose.
Which Lottery Has The Best Jackpot Odds?
The lottery with the best jackpot odds is the one with the lowest odds of the Tier 1 prize. Obviously.
This is now getting us much closer to choosing the right game to play. 🙂
But look at the jackpot amounts very closely. Otherwise the answer comes back to those poor game choices of Pick 3 and 4 again. Yes, they do have better jackpot odds, but the ‘jackpots’ are tiny. You’d have to keep winning pick 3 regularly to build up a decent prize, and the chances of that happening are going to be worse than winning the jackpot of a better game just once!
Choosing The Right Lottery Games For You
So ‘which lottery is the best?’ – I get asked this question a lot.
And my tongue in cheek answer is… ‘the lottery that just paid you the jackpot.’ 🙂
But it is a serious question, because the odds of the game are the number one factor that determine if you win or lose.
Yes you really want the game with the best odds. But you also want the jackpot to be big enough to get you excited. And the key is how you balance the two.
Sure, it’s nice to win the pick 3 jackpot – but if winning that money won’t change your life at all, then you’re not playing the right game.
What most people really want is ‘life changing’ big. To some people that may be as little as a few thousand pounds/dollars/Euros. To others it may be a lot more.
But you need to know this otherwise you can’t make the best decision as to what game to play!
Compare Lottery Games
To compare lottery games well you need to know the odds, and have an idea of ‘how big’ a win would need to be, to change your life.
Once you know ‘how much’ will do it for you, then for every lottery game available to you find a) the typical jackpot amount, and b) the odds of winning it (check your lottery companies official website for these details). Or to make this super easy, try my tool to help you compare lottery odds.
Now you can wisely pick the game that gives you the best chance of winning the life changing sum of money you’re aiming for.
Why play a game with jackpot odds of 1-in-292 million (the US Powerball!) if there is a game with odds of 1-in-5 million that would change your life if you actually did win it? That alone would increase your chances of winning the jackpot by an incredible 58 times (or 5,800% if you prefer percentages)! 😯
Picking the lottery game with the best odds for you is not the same thing as simply ‘which has best odds’. Just looking for the best odds misses the point completely, and leaves you playing the wrong games.