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Casino or Lottery: Which gives the Best Odds to Pay-out
Ratio? |
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You should never gamble more than
you can afford to lose: words of wisdom that many will have heard, but they can
be rarely heeded. With a lot of different games out there to play with events
ranging from horse-racing, the dog-track, bingo, there are two types that offer
you an impressive return on your investment- you either live the dream and pick
up a lottery ticket or you hit the casino and try your hand at the excellent
selection of games on option. It's generally accepted that neither is likely to
see you making an impressive amount back but if you get lucky you could see
yourself hitting it big! Well, let's have a look at the numbers and see how
they shake out.
First off, let's start with the Lottery. Contrary to
their slogan, while it could be you, the odds are not in your favour. You need
to correctly guess the correct number from a wide selection 6 times minimum
while still being in the correct order. But the pay-out if you're successful is
so generous that it quickly becomes a very tempting proposition for anyone
who's expecting to make it big. There are also prizes for getting only a few
numbers correct which helps to mitigate the longer odds of guessing the numbers
correct. If you're playing to win, it could be of great help to bear these
secondary prizes in mind.
With the casino, however, it's a little
trickier to give a definitive answer due to the variety of games and ways to
play. If you're playing online then you could also have the benefits of an
online casino bonus but,
for the purposes of simpler maths, we'll do the calculations for a regular land
based casino. The odds change drastically from game to game, with the standard
rule that lower odds means a lower pay-out- with that in mind, Blackjack has
the lowest edge (as low as 1% with optimal play) and slots has the highest with
an average of about 10.5%- slots is also the game most likely to see you making
a profit of a small investment as it pays out very well if you do win. But does
it pay out better than the lottery?
We've got a breakdown of figures
here for you, let's see if lottery or casino comes out on top! |
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