National lottery guaranteed win?
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This has been asked before: how much would it cost to guarantee a jackpot win on the UK national lottery. Whilst the answer is around £14m, this doesn't address the thousands of smaller wins you'd be guaranteed including many for five figure sums. Does anyone want to work out the actual win value presuming the jackpot was £15m to justify the expense.
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Answer:
In order to guarantee all 6 numbers, you would need to buy 13,983,816 different permutations. This would guarantee a win of a SHARE of the £15m jackpot. What it doesn't guarantee is that you are only sole winner. So it would only take ONE other person to pick the same numbers, and you are then out of pocket by around 7 million (despite having won a share of the jackpot). The odds of a win for less than 6 numbers are shown below..... 3 numbers £10 per winner 56 to 1 4 numbers 22% of remaining fund 1,031 to 1 5 numbers 10% of remaining fund 55,490 to 1 5 numbers and bonus ball 16% of remaining fund 2,330,635 to 1 6 numbers 52% of remaining fund 13,983,816 to 1 so with 13,983,816 tickets, you could expect to win £10 on around 1 in 56 of them, which would be around 249711 winning tickets, each paying £10. You'd make 2.4 million back just from £10 wins. It gets more complicated for other prizes, because you are then sharing the amount from a pool based on other players. Lets just say there is no amount of tickets you can buy, which would guarantee a profit.
Andrew C at Yahoo! Answers Visit the source
Other answers
In order to guarantee all 6 numbers, you would need to buy 13,983,816 different permutations. This would guarantee a win of a SHARE of the £15m jackpot. What it doesn't guarantee is that you are only sole winner. So it would only take ONE other person to pick the same numbers, and you are then out of pocket by around 7 million (despite having won a share of the jackpot). The odds of a win for less than 6 numbers are shown below..... 3 numbers £10 per winner 56 to 1 4 numbers 22% of remaining fund 1,031 to 1 5 numbers 10% of remaining fund 55,490 to 1 5 numbers and bonus ball 16% of remaining fund 2,330,635 to 1 6 numbers 52% of remaining fund 13,983,816 to 1 so with 13,983,816 tickets, you could expect to win £10 on around 1 in 56 of them, which would be around 249711 winning tickets, each paying £10. You'd make 2.4 million back just from £10 wins. It gets more complicated for other prizes, because you are then sharing the amount from a pool based on other players. Lets just say there is no amount of tickets you can buy, which would guarantee a profit.
Joop
Not even close! Lotteries are set up to ensure that the lottery corporation ALWAYS makes money.
Robert Sutcliffe
What if you did not win the jackpot then you will end out of pocket.
allan
Picking 6 numbered balls from 49 (all numbered consecutively) without replacing them. How many combinations are there? First ball has 49 choices. Second ball has 48 choices. Third ball has 47 choices. Fourth ball has 46 choices. Fifth ball has 45 choices. Sixth ball has 44 choices. Total is 49 x 48 x 47 x 46 x 45 x 44= 10 068 347 520.
Carol
What if you did not win the jackpot then you will end out of pocket.
Not even close! Lotteries are set up to ensure that the lottery corporation ALWAYS makes money.
Robert Sutcliffe
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