The odds of winning a Powerball jackpot

It is a common dream of the masses to land on a life changing jackpot and it is one of the reasons people choose to play the lottery because with one small bet there is a chance to land a truly huge jackpot.

Nowadays it has never been easier to bet on the outcome of your favorite lotteries online. Americans do everything big, and the Powerball jackpot is known to have had the largest jackpot to date. This giant has been running since 1992 and to this day continues to grow thanks to the massive jackpots the lottery offers. In this article we will cover any and all questions you might have about the Powerball lottery and go through the odds of hitting the jackpot.

Chances of winning a Powerball jackpot:

Should you choose to play with one set of numbers only, your chances of winning the Powerball would be 1 in 292,201,338. You can always increase the odds of winning by playing more combinations and buying more tickets but if we look at it realistically that won’t make a big difference. It is understandable when you see that the jackpot starts at $40 million and increases by a minimum of $10 million each draw until the jackpot has been won. With that said, the overall odds of winning any prize is 1 in 24,9, so even if you might not win the big jackpot your chances to snag one of the overall prizes are quite good.

Now, let’s get into some of the ways you can increase your chances when betting on the outcome of Powerball.

Join a syndicate:

A syndicate is a group of people, either family members, friends or even colleagues that all add money to the pot and bet together to increase their chances of landing on the jackpot. Should your syndicate win, the pot is divided in line with what you have contributed to the initial purchasing of the tickets. The more people in the “pool” the more tickets can be purchased and of course this gives you an advantage in the draws. With online vendors like Multilotto, it has never been easier to create a syndicate.

Number selection:

There are no rules for choosing your numbers, many bettors would suggest to choose “hot” or “cold” numbers based on winning numbers from previous draws, or go with numbers that haven’t been drawn in a long time. Then there are those that base their picks on birthdays or anniversary dates. Now you don’t need to over think too much but try to go for numbers like those over 31. This way you will be choosing numbers that are less likely to be chosen by others which in turn decreases the possibility of you having to split the pot with other players.

One other strategy is choosing what some may call “unlucky” numbers like 13, but anything that makes your ticket unique is a step up, such as consecutive numbers. Since every line has an equal chance of hitting the win on the Powerball jackpot, choosing uncommon number could result in being the sole winner of the jackpot. Let’s not forget that Multilotto how to play lottery on line and many other providers give the option to do a “Quick pick”, which gives all the power up to chance, and you don’t need to rack your brain for numbers and let the random number generator do it for you.

Bet on the outcome of every draw:

Powerball has 2 draws per week, on Wednesdays and Saturdays and if you never want to miss out on your chances of betting on the outcome of the massive jackpot you can opt to choose a subscription model. This is the best way of increasing your odds to hit the Powerball jackpot. You can read more about the subscription offered by Multilotto here. In conclusion, there are no magic numbers that we can provide you with. It all comes down to luck and not giving up on your jackpot dreams.

Odds and payout chart: