You win on a Combination Play ticket the same way as on a regular ticket. However, because you have multiple selections, you can win multiple prizes! You can play eight-number and nine-number Combination Plays. Play up to 10 draws in advance. Draws are held every Tuesday and Friday. Tickets are sold until pm Eastern Time on draw nights. If you want to play for more than one draw, mark the number of draws in the Advance Play box.
For example, if you select 1, 2, 3, 4, 5, 6, 7 and 8 as your eight-number selection 1 2 3 4 5 6 7 8 the eight combinations would be: 1 2 3 4 5 6 7 1 2 3 4 5 6 8 1 2 3 4 5 7 8 1 2 3 4 6 7 8 1 2 3 5 6 7 8 1 2 4 5 6 7 8 1 3 4 5 6 7 8 2 3 4 5 6 7 8 The same method of combining numbers is repeated for each of the two sets of computer-generated numbers.
At a specific time, a winning combination is drawn from among all the potential winning numbers. Any tickets that contain all of those numbers wins the jackpot. That means that the chances of winning are fixed. They aren't influenced by how many people buy tickets or any other factor.
Because the number of lottery combinations is limited, a wealthy and determined entrant with enough money at their disposal could buy every possible combination and guarantee a jackpot win. Take the Powerball lottery, for example. To win the jackpot, you need to have a lottery ticket with the correct combination of five white balls and the red Powerball.
There are 69 possible numbers for the white balls and 26 possible results for the Powerball. Thus, the odds of picking that perfect combination with a single ticket are one in ,, You can also guarantee a jackpot win for Mega Millions. For Mega Millions, you need to have a lottery ticket with the correct combination of five white balls and the Mega Ball.
The five white balls have possible numbers ranging between 1 and 70, while the Mega Ball can be between 1 and That means you need to cover ,, combinations to guarantee a jackpot. But some of the largest lottery jackpots can reach a billion dollars or more, which doesn't seem like such a bad deal.
So should you try to buy all of the lottery combinations when the jackpots are at their highest values? Of course, it's not that easy. While covering all of the possible combinations takes an astounding of money, some of the biggest lottery jackpots have advertised jackpots that outstrip what you'd need to pay to win them.
Nearly tripling your investment on a guaranteed jackpot sounds pretty good, doesn't it? Here's the problem. While you can guarantee a jackpot win, you can't guarantee that you'll end up with a profit. Even with an advertised jackpot bigger than the amount you'd have to invest, there are costs that eat into your earnings.
Here are some of the reasons why guaranteeing a lottery win doesn't make sense. First of all, you might have to split the jackpot with other winners. But you have to do more than simple math to find out the profit you'll make when you win the lottery. For one thing, you have to pay taxes on those winnings. Having a rolled over jackpot changes the game significantly as the prize fund increases in proportion to the number of tickets purchased. The effect is watered down somewhat by the increased number of players, but is it enough to guarantee you a theoretical profit?
In this next set of examples, the number of players in a draw affects the rolled over jackpot amount. For this reason we will use the real data from a rollover, double rollover and triple rollover that occurred in April For the first rollover we have used the prize fund data from National Lottery Draw held on Wed 7th April Approximately For the double rollover we have used the prize fund data from National Lottery Draw held on Sat 10th April Approximately 37 million regular tickets were purchased.
For the triple rollover we have used the prize fund data from National Lottery Draw held on Wed 14th April The short answer is no. Whilst the addition of rollover jackpots reduced the net loss, the gain was not sufficient to generate a theoretical profit.
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