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Lottery ticket price rise.


robgf

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Lottery tickets are to jump to £2 per ticket in November.

Lottery price rise

Will you still play???

I have one lucky dip each week, but I'm not sure that I want to throw £2 away, particulary as I can't remember the last time I got 3 numbers.

The prize for three numbers will rise to £25, but most of the other prizes are dropping in value.

What suprised me was that "800 players match five numbers or five plus the bonus", that's not very many, shows what a long shot it is.

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Aitchbee

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... I forgot that one, SillBill.

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chub_tor

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I should have read this earlier it explains how the raffle will work. What I can't find out yet is what the odds of winning are. Presumably the number of players divided by 50 and if the number of players goes down because the price goes up then my chances of winning go up. Whoopee - I might play after all...

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Forum Editor

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chub_tor

"What I can't find out yet is what the odds of winning are."

That's because it's a raffle. Each lottery ticket sold will have a unique raffle number printed on it, and the number will have one chance of being picked as a winner. The odds of that happening will change, as you suspected, according to the number of tickets sold.

The numbers will be picked by a random number selector, in the same way that the Premium bond prize winners are picked. All the allocated numbers for a specific draw will go into a database, and a computer will randomly select 50 winners.

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SillBill

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ergo, several millions to one.

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SillBill

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Unfortunately, you buy ONE ticket you get ONE raffle number so even though they draw 50 numbers the odds are STILL millions to one, unless of course they issue you with 50 numbers, which is pie in the sky.

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chub_tor

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If I have got my noughts in the right place.....

Main Lotto sales for the 6 months ending Sept 2012 was £1.7 billion down from the previous 6 months of £1.9 billion so let's assume that £3.5 billion was sold in a full year. Two draws per week and 52 weeks in a year makes that roughly 34 million tickets each week. 50 chances of winning £20,000 in the new raffle so divide 34 million by 50 and you get odds of 680,000 to 1 against winning. Not quite the "several millions to one" then.

However all that was calculated on the old price of a ticket being £1 and the test will be the number of sales when the price goes up to £2. Personally I can't see that the numbers of players will increase so the odds of winning that £20,000 may well be better than that.

Hmmmm maybe I will continue to play after all...

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