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Lottery Changes
aspijack
Posts: 1,202 Forum Member
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From October the National Lottery is creating a new millionaire raffle you win a free ticket for matching two numbers and there are bigger rolling jackpots.
And you choose numbers from 1-59
https://www.national-lottery.co.uk/lotto-changes?icid=sgp:lo:co
And you choose numbers from 1-59
https://www.national-lottery.co.uk/lotto-changes?icid=sgp:lo:co
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Sooner everyone stops putting money on this the better, they have ruined the game and a protest should start of non players then lets see what changes they bring about.
But they keep saying on twitter to everyone but you get a lotto lucky dip if you match 2!! wow, money YOU get back! And its still £25 to match 3, but adding another 10 balls into the mix your not very likely. Load of crap
Bloody hell, quadruple rollover! So people enter a competition that nobody wins week after week, seems crazy to me. I don't think there should be rollovers, there should be a winner every week. They can check pretty quickly, in this digital age, whether there's a winner, and could re-draw (for the top prize).
Imagine a bookie or prize draw not paying out. The nearest example is the roulette wheel with the house take on 0. That's fundamental to how it works though and isn't used to boost sales on the next spin.
No reason not to pay out each draw the way the pools or the Tote does.
...or possibly it’s another way that the “Ontario, Canada Teachers' Pension Plan” (the owners of Camelot) can increase their percentage take from what appears to be an ever dwindling pot.
Plus there's the Health Lottery. 50p lucky dip tkts (5 from 50 numbers for a 25K jackpot).
I am fully aware of the issues in any gambling and how overall it is a mug's game.
I thought I would have a Google anyway and there is some interesting reading
(some pages out of date but you can get a rough idea, including other schemes)
I never do Scratchcards but I think I am also going to have to seriously consider my minor addiction of 2 Lottery lines per week.
https://www.google.co.uk/search?q=health+lottery+vs+national+lottery&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a&channel=sb&gfe_rd=cr&ei=zgCAVZHKM8vH8geXsYGQDg
Not particularly interested in winning 25 or 85 quid. They need bigger prizes to keep interest going.
They couuuuld do, but why would they want to?
Yes but the Euromillions isn't the same since it went twice a week. People only have so much to spend on it and so it only goes up a smaller amount each time.
Plus the current exchange rate of Euros to Pounds mean that the 11 million start rate is now only an estimated 10 million.
I really wish I'd followed the link before working out the old and new probabilities.
That's five minutes of my life I'll never get back.
Interesting the odds of winning £10 is 56 - 1
There are 52 cards in a standard playing card deck and asking you to think of a card and me guessing it correctly without any trickery, I stand a better chance of doing that than winning £10.
Still the other way of looking at it: The person who just won the 95 million on the Euromillions probably thought "Yeah right! As if it will ever be me." and everyone who went in for it stood exactly the same chance.
So if someone is using it as an investment opportunity then they are very wrong, but if used for just a piece of entertainment in a grey world and can afford what they spend, then they might as well have a bit of fun.
Oh yes I fully do agree with that. But I wonder if reducing chances of small wins and making jackpots very large, thereby most people rarely getting a tenner (now £25) suits most people.
I have had another look around and will try another scheme. Possibly Thunderball, although I really have no love for Camelot.
They will only now get £1/line instead of £2 and I will still have my dreams of a substantial win
If they mess with rules further, I will look for better deals elsewhere.
Thanks for the wake-up call Camelot!
If the old (6 balls/49 numbers) gave an approximate probability of 1 in 14 million of winning a million or more and the new (6 balls/59 numbers) will give a better combined probability of 1 in 10 million what is the number of tickets they invisage being bought for a draw?
Probability can make me a little cray cray.
I consider my Lotto direct-debit to be a rock-solid investment opportunity.
The law of averages says it’s bound to pay-out the Jackpot one day..................within the next 135,000 years or so;...............the future’s bright!
That would give us the lots more smaller prizes people seem to like as well as the chance of a big jackpot.
Instead they prefer to use our money to build a bigger jackpot and make us stake more than once for a chance to win.
People complain rightly about £2 a ticket but happily pay out £8 in total for a triple rollover chance assuming they've played every week and got diddled three times.
Probability of getting 6 balls ~ 2.22E-08
Claimed overall probability of winning £1m+ is 1.00E-07
Assuming that getting 6 balls necessarily means winning £1m+ (which it won't if the jackpot is split between too many tickets) then they're assuming that the probability of winning the raffle is 7.78E-08, or 1 in approximately 12,850,000.
So they're assuming average ticket sales of a little under 13,000,000 per draw.
Incidentally, it now looks as though the balance will shift so that raffle winners outnumber lottery winners by about 4 to 1, which surely means that the National Lottery should be renamed the National Raffle?