Slots and Lotteries

Navigation: Main page » Casinos

 Print this page Submit articleComment article

Author: Jessy Jones

Slot is a very popular casino game. There are two reason of its popularity, one is that it is very simple to play. Anyone can quickly understand how to play and thus anyone has a chance of winning.

Second reason is the large jackpot payouts. It is possible to bet just 1 dollar on a slots machine and win a jackpot of over $30,000 or even amounts over $3 million (I'm not aware of anyone with just a dollar bet winning any where near those amounts playing blackjack or poker and I don't think it is even possible).

In the same manner anyone can win large amount in lottery same as you can win large jackpot.

The odds of winning are not so good in a lottery using the UK National Lottery as an example the payouts and odds are as follows;

3 numbers pay £10 1: 57 4 numbers pay 22% of remaining fund 1: 1,033 5 numbers pay 10% of remaining fund 1: 55,492 5 numbers and bonus ball pay 16% of remaining fund 1: 2,330,636 6 numbers pay 52% of remaining fund 1: 13,983,816

The prize fund for each draw is just 50% of the total money paid in. This is a terrible payout rate, when compared to land based casino slots let alone when compared to the 89% to 99.5% payout rates offered at online slots.

It is clear to see that if you want a chance to win some money and are happy to spend a set amount on a lottery every week, you would be better off and be more likely to win more money if you spent that money on a couple of spins of a slot machine.