Which Lottery Game Has the Best Odds?
The Australian Lottery provides a selection of lottery games with different structures and jackpots, each one offering unique prices, jackpot sizes and odds of winning. However, which game to play ultimately depends on personal preferences as well as what kind of player you are. Below is a comparison between some of Australia’s most popular lotteries in terms of draw day cost of entry entry fees starting jackpot size and winning odds – read this article for further comparison.
Lottery games are an excellent way to support charity, and the funds raised from such events go a long way toward aiding vulnerable men, women and children who are in need. Lotterie funds may be used for anything from sheltering services to educational initiatives. Lotteries can also help fund research into contemporary illnesses like heart disease and diabetes. According to Gambling Statistics Australia, Australians spend on average an estimated annual spend of approximately $1.9 billion on lotteries alone. The key to playing the lottery successfully is selecting unique and memorable lucky numbers, while keeping in mind that you may lose more often than you win. But there are ways you can increase your odds, such as betting on six-way boxes.
Set for Life is Australia’s newest lottery game and was officially unveiled on Friday 7 August 2015. Weekly draws take place every Friday at 18:00 AEST (Melbourne time), offering modern take on traditional Lotto with minimum division one prize pools of $3 Million!
Tattslotto was Australia’s inaugural lottery, launched in November 1979 based on European 6-from-49 lotteries. Initial jackpots were smaller but eventually rose to $10 million over time. In 1985, however, Lotto was modified into its current format of six winning numbers and two supplementary ones drawn weekly from 45 balls each week; all states and territories accept New South Wales which instead uses Lotto Strike instead.
Australian lotteries generally offer smaller prizes than their international counterparts; however, their odds of success are much greater; Powerball Australia boasts odds of one in 76.7 million, compared with 1 in 13.9 million for La Primitiva of Spain. Furthermore, all Australian lotteries pay out all prizes 100% tax free!
Australian lottery fans tend to prefer Monday and Wednesday Lotto, though there are other options as well. EuroMillions and Powerball provide some of the biggest jackpots worldwide but can be difficult for Australian players due to high entry costs. Thankfully, licensed and regulated online lottery services allow Australian players to purchase official lottery tickets easily via secure websites with streamlined purchasing systems.