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The odds of winning a Powerball jackpot

Published

4 years ago

November 9, 2020

George Miller

Photo Source: Unsplash

Reading Time: 3 minutes

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:

Divisions	Match	Winning odds	Prize money
1	5 + 1	1:292 201 338	No winner
2	5	1:11 688 053	€912 159.08
3	4 + 1	1:913 129	€45 607.95
4	4	1:36 525	€91.22
5	3 + 1	1:14 494	€91.22
6	3	1:579	€6.39
7	2 + 1	1:701	€6.39
8	1 + 1	1:92	€3.65
9	0 + 1	1:38	€3.65

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Spinosaurus – The Thrilling New Slot Game from PopOK Gaming

Published

25 mins ago

November 5, 2024

George Miller

Spinosaurus – The Thrilling New Slot Game from PopOK Gaming

Reading Time: < 1 minute

PopOK Gaming is thrilled to announce the release of its newest slot game, Spinosaurus – a captivating 3×5 slot that transports players back to the thrilling age of dinosaurs!

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Release Date: October 18, 2024

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Evoplay expands Italian footprint through strategic partnership with Domusbet

Published

33 mins ago

November 5, 2024

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Evoplay expands Italian footprint through strategic partnership with Domusbet

Reading Time: < 1 minute

Evoplay, the award-winning game development studio, has taken its content live with Domusbet, further strengthening its presence in the Italian market.

The integration features 32 of Evoplay’s premium slot titles, including Budai Reels Bonus Buy, Hot Volcano, and The Greatest Catch Bonus Buy that have proven popular with local players.

Renowned for its innovative approach, Evoplay’s titles aim to enhance player retention and engagement, providing a distinct competitive advantage to operator partners in the Italian market.

Domusbet offers a premium online casino in Italy and with a growing customer base, the collaboration sees Evoplay reach a new audience in the country where it has been live for several years.

The partnership reaffirms Evoplay’s commitment to becoming a leading supplier to the global iGaming industry and follows a number of prominent commercial deals that have seen the studio expand its reach in key markets.

Ihor Zarechnyi, CBDO at Evoplay, said: “Partnering with Domusbet is an exciting opportunity for Evoplay as we expand in Italy.

“Domusbet shares our commitment to quality and player satisfaction, making this a natural fit. We’re delighted to bring our games to a new audience and look forward to a successful collaboration.”

Francesco Di Paola, President of Domusbet, added: “We are excited to bring Evoplay’s cutting-edge games to our online casino.

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BETFRED LAUNCH NEW STUDIO AND LIVE PRESENTERS FOR EXCLUSIVE NUMBERS GAME

Published

12 hours ago

November 4, 2024

Peter Tolan

Reading Time: < 1 minute

Bookmaker Betfred have launched a brand-new studio and live presenters for their exclusive numbers game ‘Nifty 50.’

The ‘Nifty 50’ is a fixed odds numbers game featuring five live draws a day with a jackpot of 5 million pounds for every draw.

The exclusive product now has a new hi-tech purpose-built studio at their head office in Birchwood, Warrington. The new studio is part of a major refurbishment project at Betfred’s headquarters.

Plus, for the relaunch Betfred have employed two new presenters Joshua Littlehales and Grace Constantinou.

Joshua Littlehales who has worked for Tameside Radio and LADbible said, “The new studio looks amazing, and I feel impressed each time I step inside. I feel excited to call it my professional home.”

Grace Constantinou who is a Media and Performance graduate from Salford University added, “I saw the studio when it was dust and walls and now to see it completed its very impressive.”

Betfred boss Fred Done said, “The whole idea behind Nifty 50 is for customers to win big for small stakes, and to now promote it with a purpose-built studio and live presenters I am delighted.”

Betfred commissioned Paul Sudlow to be the production designer, he came in with a wealth of experience having recently worked on ITV’s Euro 2024 studio in Berlin and the Rugby Union World Cup in 2023.

The screens and lights were provided by Whitelight based in Wimbledon while Monkey Scene provided the set construction.

The exclusive Nifty Fifty draw can be viewed five times a day in Betfred’s shops, online and at youtube with BetfredLotto.