The Illinois Lottery announced recently that they are adding the Powerball Game to their list of playable lottery games for all their faithful lottery players in the State. Powerball joins Mega Millions, Illinois State Lotto, Little Lotto, Pick 4, and Pick 3 Games Lotto spielen.
Considering the winning odds of each of these games – each played with a $1 Ticket – there is a huge difference, just as there is a huge difference in the payout as well. Winning money is the ultimate goal of every lottery player. So which game is the best game to play to be financially successful? Is it the Powerball? Is it the Megamillions? Or, is it the Pick 4 Lottery with the right Strategy?
The Powerball odds for winning the multiple million dollars jackpot is 1 in 195,000,000. The chance of winning the similar Mega Millions jackpot is 1 in 125,000,000. The chance of winning the Illinois Lotto is listed at 1 in 10,000,000.
The Little Lotto jackpot which starts out at $100,000 and grows with each rollover has odds set at 1 in 575,757. The Pick 4 Game is 1 in 10,000, and the Pick 3 is 1 in 1,000.
In all honesty, there is very little chance of one winning the jackpots of 195 million to 1 down to 575,757 to 1 unless you are married to Lady Luck herself. To avoid an apples and oranges comparison let’s compare lesser prize amounts and odds of these lotteries with Pick 4 Strategy-Lottery results.
The Powerball third prize odds are 723,145 to 1 with a payout of $10,000. The fourth and fifth level prize odds are 19,031 and 13,645 respectively with a payout of $100 each. Mega Millions’ third prize odds are 89,065 to1 with a payout of $10,000. The fourth and fifth prize level odds are 15,313 and 13,781 respectively with a payout of $150 each.
The Illinois Lotto second prize odds are 36,881 to 1 and it has a pari-mutuel payout, the last two were $1502.00 and $1130.00. Little Lotto’s second prize has odds of 3,387 to 1 with a $100 payout. The Pick 4, in addition to the $5,000 top prize, has a secondary “Box” prize – any order of the four digits — with odds from 2500, 1667, 833, and 417 to 1 with payouts of $1200, $800, $400, and $200 respectively. The Pick 3 top prize pays $500 and the two Box secondary prizes at odds of 333 to 1 and 167 to 1 pay $160 and $80.
Now we have a better opportunity to compare the Powerball, Mega Millions, Illinois Lotto, and Pick 4 Lottery. We want to compare the odds you are playing against and the profit gain from these different lotteries, and see which one is the best buy for your $1. The Little Lotto is eliminated because of the very high odds of over half a million to one. The Pick 3, though it has the best odds at 1,000 to 1 for winning the jackpot, the payout is too low to compete.
This leaves the third, fourth and fifth prizes of the Powerball and Mega Millions, the second prize of the Illinois Lotto, and the Pick 4 Straight Jackpot and Box level prizes in our apples to apples comparison. The Pick 4 to compete at the $10,000 level will increase to make a $2 investment for the Pick 4 Jackpot Prize to be $10,000.
Every smart investor wants to take advantage of every opportunity to lower the odds to improve his/ her chances of winning. This process begins, of course, by knowing what the odds of each lottery are from the start. This is already established above.
The next thing the smart investor does for him or herself is to learn more about the lotteries that are of interest to them. By learning these lotteries the lotto player figures out where the best place is to invest their money.
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