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UK Lotto Complete Odds
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The purpose of this page is to provide UK Lotto players with the supplemental information that is not readily available on the sponsored lottery site.
| UK Lotto Highlights | Mini | 1.86% | 98.14% | 53.66 | £0.45 | £0.0715 | £24.19 |
| 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 occuring; 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 probibilities of every winning and losing occurring. 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 informtion 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 consistant 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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About The UK Lotto is a UK National lottery. It is governed by the National Lottery and liccsened to Camelot. Format UK Lotto 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 UK Lotto is a Mini Lottery. We classify it as such because its Jackpot Parity is slightly less than £10 million Prizes The minimum UK Lotto jackpot prize is a £2,000,000; and, all other cash prizes are predefined as well. These are summarized in the table below. 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 prizes are established as a fixed amount, or as a pari-mutuel amount of an allocated percentage prize pool. Combinations In the UK Lotto, there are a total of 13,983,816 combinations. Winners Of these, there are 260,624 winning combinations. This represents 1.86% of the combinations. The overall odds of having a winning combination is 53.66 to 1 (the lower the better). Losers There are 260,624 losing UK Lotto combinations. This is 98.14% of the combinations. The overall odds of having a losing combination is 1.02 to 1 (the higher the better; because as this number gets closer to 1, nearly every ticket is a loser. Price Each UK Lotto ticket costs £1.0 Money Raised
Assuming all tickets are sold and there are no duplicates, a total of £13,983,816 will be raised.
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Prize Pool Of this, £6,303,968 will be allocated to the prize pool to be paid back to the players when the jackpot is set to £2.0 million. This is determined in two ways. First, 45% of the money raised is determined. This amount is allocated to the 1st, 2nd, 3rd, 4th, and 5th place winning combinations. In addition to this, outright predetermined cash prizes for the 6th and 7th place winning combinations are added. Note that with 52.00% is allocated to the jackpot prize pool, this is approximately equal the actual jackpot payoff. Average Winning Ticket Payout On the average, each winning ticket will pay £24.19 to the players. Since a ticket costs £1, the normalized payout per £ spent is £24.19 Income Returned to Players Based on this information, £0.45 of each £ raised will be returned to the players. Return Sensitivity If the UK Lotto Jackpot changes by £1 million, the above Income Returned to Players will change by £0.0715 (up or down). Parity In order for UK Lotto to return £1.00 of each pound raised, the Jackpot must be equal to £9,679,847.74 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The following Table summarizes the odds, occurances, probability, number of winning combinations, percent of prize pool, prize payout per combination, and the total cash payout of the combination pool.
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References
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