Canadian Lotto 649 (eff. Sep 2013)Complete Odds & Return to Players  
Lotto 649 Highlights  Midsize  replace 2  replace 3  replace 4  replace 7  replace 7  replace 7 
Class  Winners  Losers  Overall Odds  Overall Return  Return Sensitivity  Payout per C$ 
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.
Table L6497: Lotto 649 Expanded Odds Calculations


About:
The Lotto 649 is a Canadian National lottery. It is governed by the Interprovincial Lottery Corporation.
Format: Lotto 649 requires a player to make 1 choice: (1) Pick 6 numbers out of a set of 49 white 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. A bonus ball is also selected. This is used for awarding alternate prizes. Class: Lotto 649 is a Midsize Lottery. We classify it as such because its Jackpot Parity is approximately C$31 million, which is over C$10 million and less than C$100 million. Prizes: The minimum Lotto 649 jackpot prize is replace 1, which is paid as a cash value. Prizes 2, 3, 4, 5 are calculated on a parimutuel basis based on a fixed percent of the prize fund (thus, they vary from drawing to drawing. And prizes 6 to 9 are preestablished and paid as a fixed amount. 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. Additionally, Lotto 649 offers a unique Guaranteed Prize feature. Each ticket purchased is given a unique number; and of these, a separate drawing is performed, thus ensuring a single $1 million prize award. The probability of a player winning this prize decreases as ticket sales increase. Combinations: In the Lotto 649 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 Lotto 649 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 Lotto 649 ticket costs replace 9 Money Raised: Assuming all tickets are sold and there are no duplicates, a total of replace 10 will be raised. 

 
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. This is determined in two ways. First, 47% of the money raised is determined. This amount is allocated to the 1st, 2nd, 3rd, 4th, and 5th place winning combinations, as well as to the Guaranteed Prize. In addition to this, outright predetermined cash prizes for the 6th through 8th place winning combinations are added. Note that while 80.50% is allocated to the jackpot prize pool, the actual jackpot may be substantially less than this calculated amount. 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. About: If the Lotto 649 Jackpot changes by C$1.0 million, the above Income Returned to Players will change by replace 7 (up or down). Jackpot Parity: In order for Lotto 649 to return C$1.00 of each dollar raised, the Jackpot must be equal to replace 7  
 
References:
You can learn more about the Lotto 649 Lottery and verify our findings by visiting our references.  
