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Australia Powerball Lottery (eff. Mar 2013)

Complete Odds & Return to Players

           

The purpose of this page is to provide Australia Powerball players with the supplemental information that is not readily available on the sponsored lottery site.

Australia Powerball
Highlights 		Mid-size replace 2 replace 3 replace 4 replace 7 replace 7 replace 7
Class Winners Losers Overall Odds Overall Return Return Sensitivity Payout per $

We believe this is important because most lotteries only provide players with minimal amount of information: the odds of each winning combination occurring; the overall probability of having a winning ticket; the price of each ticket; the game format; the total number of combinations; and a few other items.

However, this page fills in the missing blanks. Included here are the complete odds and probabilities of every winning and losing ticket. It provides you with a comparison of winners to losers, the monies collected, the monies distributed back to players, and more.

Lottery Power Picks has taken every effort to ensure that this summary information is correct by reading and bookmarking all information provided by the organizing lottery body. But, in certain instances, clearly defined rules are not written. In those instances, we made assumptions that are linguistically consistent with the rules. Should any information be incorrect, please inform us so that we may correct it. We hope you find this information useful in understanding the lottery you play.


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Table APB7: Australia Powerball Expanded Odds Calculations
About: Australia Powerball a Multi-State lottery that is played in the 5 states and 3 terratories. It is operated by New South Wales Lotteries (New South Wales and the Australian Capital Territory), Tattersalls (Victoria and Tasmania), Golden Casket (Queensland, the South Australia Lotteries Commission, and Lotterywest (Western Australia).

Format: Australia Powerball requires a player to make 2 choices: (1) Pick 6 numbers out of a set of 40 white balls; and (2) Pick 1 Powerball from a set of 20 red balls. If the player picks the same numbers as those that are drawn in the next drawing, the player wins the Jackpot prize. Smaller prizes are awarded for other combinations.

Class: Australia Powerball is a Mid-size Lottery. We classify it as such because its Jackpot Parity is approximately $47.6 million, which is over $10 million and less than $100 million.

Prizes: The minimum Australia Powerball jackpot prize is replace 1, which is paid as a cash value. All other cash prizes are calculated on a parimutuel basis based on a fixed percent of the prize fund (thus, they vary from drawing to drawing. If no one wins the jackpot amount, a portion of the proceeds is rolled forward to the next drawing, allowing the jackpot to grow. All other prize amounts are determined only from the current drawing pool.

Combinations: In the Australia Powerball lottery, there are a total of replace 1 combinations.

Winners: Of these, there are replace 8 winning combinations. This represents replace 2 of the combinations. The overall odds of having a winning combination is replace 4 to 1 (the lower the better).

Losers: There are replace 9 losing Australia Powerball combinations. This is replace 3 of the combinations. The overall odds of having a losing combination is replace 4 to 1 (the higher the better; because as this number gets closer to 1, nearly every ticket is a loser.

Price: Each Australia Powerball ticket costs replace 9 (but a player must purchase a minimum of 4 tickets totaling $3.70).

Money Raised: Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised.


Table APB-4: Australia Powerball Summary
Format 6/40+1/20
Class Mid-size
Min Jackpot replace 8
Jackpot Type Cash
Combos replace 1
Total Winners replace 8
Total Losers replace 9
Overall Winners replace 4
Overall Losers replace 4
Pct Winners replace 2
Pct Losers replace 3
Price replace 9
Amount Raised replace 10
Tot Payout replace 11
Avg Ticket Payout replace 7
Normalized Payout/$ replace 7
ReturnOn$ replace 7
Jackpot/Odds replace 7
Return Sensitivity replace 7
Jackpot Parity replace 7




Prize Pool: Of this, replace 11 will be allocated to the prize pool to be paid back to the players when the jackpot is set to replace 8

Average Winning Ticket Payout: On the average, each winning ticket will pay replace 7 to the players. Since a ticket costs replace 9, the normalized payout per Dollar spent is replace 7

Income Returned to Players: Based on this information, replace 7 of each $ raised will be returned to the players.

Return Sensitivity: If the Australia Powerball Jackpot changes by $1.0 million, the above Income Returned to Players will change by replace 7 (up or down).

Jackpot Parity: In order for Australia Powerball to return $1.00 of each dollar raised, the Jackpot must be equal to replace 7 		       
References: You can learn more about the Australia Powerball Lottery and verify our findings by visiting our references.