We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Lottery syndicates

[I'm not sure this is the right spot for this query, but here goes]

In rollover draws more cash is up for grabs, right? So if I set aside £1 each draw, and wait until a rollover occurs, and then bet £2 on the rollover [or £3 after 2 rollovers etc] am I not marginally increasing:

a) the chances of winning 'a' prize [e.g. 2 chances in 1 draw rather than 1]? AND

b) the chance of winning 'a' prize of higher value [e.g. for 4 matching numbers it will be more than non rollover weeks]?

Or have I missed something about the prize structure?

Anyway, what works for one person must also work for several or many [e.g. syndicates] If a large sydicate has £100 per week to stake [so that's £50 per draw?] and they just put the same numbers on each time, how does their predicted 'success' pan out over 12 months if compared with a syndicate that holds back 20 numbers per non-rollover draw to be carried foward until there is a rollover? Surely what would happen is that they would win about the same proportion of prizes, but they would get more 'larger' prizes too?

Have I misunderstood, or is there very little difference in practice, not making this 'strategy' worth it?

Thanks in advance
.....under construction.... COVID is a [discontinued] scam

Comments

  • isasmurf
    isasmurf Posts: 1,998 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Milarky wrote:
    In rollover draws more cash is up for grabs, right? So if I set aside £1 each draw, and wait until a rollover occurs, and then bet £2 on the rollover [or £3 after 2 rollovers etc] am I not marginally increasing:

    a) the chances of winning 'a' prize [e.g. 2 chances in 1 draw rather than 1]?
    Each line still has a 1 in 13,983,816 chance of winning the jackpot, so the affects of investing in more lines doesn't really increase your chances of winning by all that much.
    Milarky wrote:
    AND

    b) the chance of winning 'a' prize of higher value [e.g. for 4 matching numbers it will be more than non rollover weeks]?

    Or have I missed something about the prize structure?
    I think you've missed something about the prize structure. As I understood it the prizes for the lower combination of matching numbers are decided on the prize fund without the rolled over amount. The jackpot rollover is then added to the jackpot for the current draw, all the other prizes have the same payout as if it wasn't a rollover. In fact I wouldn't be surprised if the prizes for matching 4 or 5 numbers in a rollover week are actually lower than in a non-rollover week simply because more people play in rollover weeks meaning more winners of the 4 and 5 number matches.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.