Wednesday, 27 July 2011

How would you work out the odds on winning the lottery in a syndicate of 40 people each buying 1combination each?

3 numbers £10 per winner 55.656 to 1
4 numbers 22% of remaining fund 1,031.4 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 13,983,815 to 1
The overall odds of winning any prize is 52.655 to 1

Divide any of those numbers by 40 if you are going to buy 40 tickets.

So for an average syndicate of say 5 people, these are the following odds:
3 numbers £10 per winner 11.1312 to 1
4 numbers 22% of remaining fund 206.28 to 1
5 numbers 10% of remaining fund 11098 to 1
5 numbers and bonus ball 16% of remaining fund 466,127 to 1
6 numbers 52% of remaining fund 2,796,763 to 1
The overall odds of winning any prize is 10.531 to 1

Lottery syndicates are really the way forward. What's the point in playing on your own?... Most people reading this are probably thinking why should I play with a group when I want all the winnings to myself. It is a fact that a syndicate will increase your chances and to win any prize, your proof is in the new higher odds for a win created. Yes you will win less because the money prize gets split, but it also about putting you in a winning frame of mind, lets face it would all feel more achieved if we were winning something as apposed to nothing. Lottery Syndicates put you in the winning spirit.

1 comment:

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