What is the first thing that comes to your mind when you’re dreaming of becoming a millionaire overnight? Almost certainly you are thinking about winning a lottery or hitting a progressive jackpot on an online slot. Both options can lead you to big wins. But which of these two has the best odds of winning? Let’s break it down below and find out what you can do to increase your chances to win either lottery or progressive jackpot slot. And as usual, we give you a list of the best online casinos to play both.
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Odds of Winning Lottery
The chances of winning a lottery prize are 1 in 302,575,350 according to the official website of the Mega Millions, a major jackpot game in America. And if you look up the odds of winning on any other lottery game, you will see that it’s about 1 in 300 million. This means that out of three million people, only one lucky player can be a winner.
Lotteries usually have huge prizes worth millions and even billions. And when people talk about winning a lottery, they usually mean winning the grand prize. But in fact, you can win a small prize from the same lottery.
Most lotteries feature 1 in 10 odds of winning a small sum. In fact, players have more chances to win a small lottery prize of $5 or $20 than the biggest one. So as you see, if you play online lotteries or buy tickets in your local retail store, you have better odds to win small. Nevertheless, you can try your luck to win the grand prize. if you lose, at least you can get your ticket paid off.
Tips To Win The Lottery
The idea of all lotteries is that if you buy a ticket, you will almost certainly lose. But someone will win eventually. And it might as well be you. Every number has an equal chance to be selected, and all tickets have equal chances of winning.
Thus, no matter which ticket you buy, you can lose or win. The latter is the least probable. But there are still some strategies that help players:
- Use “quick pick” to select a random ticket with random numbers. Because you don’t analyze and don’t calculate anything for too long, the choice of tickets can be the luckiest.
- Most players choose numbers based on their birthdays. To avoid splitting the jackpot, make sure your selected numbers are above 31.
- Buy as many lottery tickets as you can. The more tickets you have, the bigger your chances to win huge prizes.
We also advise you to focus on smaller lotteries instead of playing drawings with a massive prize pool. Check the local lottery that takes place in your province, territory, or city. Maybe they don’t offer billions, but at least you will have better odds of winning. The number of lottery players within one province is much smaller than in the whole country.
Odds of Winning Progressive Jackpot Slot
Nowadays, there is a whole array of online slots that feature a progressive jackpot. All of them pay millions to a person whose chances were 1 in almost 50 million. Even the most popular jackpot slot Mega Moolah has the odds of winning 1 in 49,836,032. So when you decide to try out a jackpot slot, just keep in mind that there are 50 million players more who are trying to hit the jackpot.
Nevertheless, it’s pretty possible to win a jackpot slot. For example, that grand Mega Moolah jackpot can be hit at least 4 times within one year. In total, the grand prize was won 8 times in 2020 and 12 times in 2019. Many jackpot players are listed on the Yukon Gold casino winners page.
Many of the latest jackpot slots offer payoffs within a certain timeframe, which really helps players. For example, you can play slots with monthly, weekly, daily, or even hourly jackpots. You just need to pick the right jackpot slot and the right time.
In addition to winning a jackpot prize, you can win smaller sums when playing a slot game. According to the average payback percentage, jackpot slot players win 90%-95% of their wagers back.
Key to Win Progressive Jackpot Slots
Before playing any progressive jackpot game, make sure to place qualifying bets. This is the major rule to follow if you want to be eligible for the bonus game with big prizes.
If you assume that any bet size can trigger the progressive, we’re sorry to disappoint you. In most cases, you need to bet the maximum per spin. Wagering the highest means to select all paylines, play all coins, and play them at the maximum denomination.
For example, if your progressive slot allows placing as little as $0.50 per spin, it doesn’t mean you can win the jackpot with that bet. The maximum bet of $3, for example, can trigger the bonus round.
But if you are on a budget, you should be prepared for it. It’s better to come next time when you have enough credits to play a progressive jackpot at maximum for at least half an hour.
Moreover, if you doubt what is the maximum bet and whether you can afford it, before playing, open the game’s info. Check out the paylines, bet limits, and the minimum qualifying spin to trigger a jackpot game.
Lottery VS Progressive Jackpot Slots
If you are choosing between these two gaming options, you should remember that winning a jackpot game is way more possible than winning a lottery. Comparing their odds of winning, those of winning a lottery are six times lower, on average. However, you can win a bigger prize by playing the lottery than a jackpot game. Lotteries usually feature billions on their prize pools.
For both games, there is only one way to guarantee a win — play for fun and don’t expect to win huge. You can hope to win the jackpot prize, but don’t expect it every single spin. This approach will save you from gambling addiction and possible negative consequences. Just enjoy what you do and have fun at each game.
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