Smart Buyers Pick the Lottery Games with the Best Cost/Benefit Ratio

Best Cost/Benefit

 

 

Buying lottery tickets means spending money for what is after all, a finite chance of winning the jackpot. Because of this, if you want to win the jackpot, you need to take the time to look at two factors – first, what is the cost/benefit ratio of the lottery game?

The Biggest Jackpot Isn’t Always the Best Choice

For example, the Spanish Christmas Lottery (sometimes called El Gordo for the grand prize – it means “the fat one”) has a theoretical jackpot of 2.3 billion Euros (Yes, you read that right – a whopping $3 billion. Not too shabby, huh?). That would seem to indicate that it’s the best lottery to buy a ticket for from the cost/benefit ration point of view.

However, the fact is that there has never been a single winner of the jackpot for the Christmas lottery. Nor for that matter is the three billion Euros guaranteed – the total is guaranteed only if every ticket is sold. Add to that the fact that the Christmas Lottery costs as much as 500 Euros for a full ticket and, while we highly recommend the game it’s not necessarily going to be the best deal going.

The Best Odds Aren’t Necessarily Good Either

On the other side of the coin, you could argue that the games with the best odds of winning have the best cost/benefit ration of lottery games. For example, the Louisiana Lottery has a 1 in 3 million chance of winning the jackpot (approximately – you can find out the exact numbers on the Louisiana Lottery page here at Online-Lottery.Com). That’s about the lowest odds we’ve seen anywhere for winning the jackpot in a lottery game.

However, the starting jackpot is $200,000, meaning that it takes a while before you’d win a substantial amount of money from them, if you do (by substantial, we mean “never have to work a day in my life ever again” substantial – obviously none of us would say no to taking home 200 grand, though for most of us, especially after taxes, that’s not enough to live on the rest of your life).

The Best Cost/Benefit Ratio

Because of these discrepancies, we put together a list based on our own analyses of the best cost/benefit ration for lottery games. Here’s what we came up with:

  1. Missouri Lottery
  2. Ohio Classic Lottery
  3. Greece Lottery
  4. Hot Lotto (small states lottery game)
  5. Colorado Lottery
  6. Australia Saturday Lotto
  7. Finland Lottery
  8. La Primitiva Lottery (Spain)
  9. Swiss Lottery)
  10. Oregon Megabucks

As you can see, none of the bigger lottery games are represented, because, even though they have the biggest jackpots, the cost/benefit ratio isn’t necessarily the best. For the games with the biggest jackpots, check out our list of the 10 games with the biggest jackpots overall.