Over the entire existence of the legendary game in different countries, millions of its fans have ended up as lucky Powerball winners, which is the dream of every participant in the current draws. For example, in just the American version of the game, more than 300,000 players manage to win the lottery every week.
The number of winners of the weekly Australia Powerball draw is no worse than the number of lucky US Powerball winners. And there are just as many New Zealand and South Africa Powerball winners, because in these regional lotteries, as in the leading Australian and American lotteries, people from many other countries participate. Every week, more than 1 million lotto Powerball tickets on different continents turn out to be lucky and collect multi-million dollar wins across different categories.
Given the enormous popularity of the legendary lottery in the countries of the draws and beyond, the gigantic size of the Powerball jackpot is a familiar and exciting phenomenon for draw participants. You too, can be among the winners of the famous game and buy Powerball tickets online right now!
Powerball Facts and Figures
Naturally, the US Powerball is one of the leading lotteries for most players, so to add to the slew of information you can find inside these comparison sites, we’ve compiled the top three facts about the lottery so you can see why it’s the top draw in the betting world.
Better Odds than Roulette
If you run the numbers for the Powerball, you actually find that the overall odds of winning a prize on the Powerball are 1/31.85. In contrast, the odds of hitting a single number in a game or roulette are 1/36 (or 1/37 depending on the variant you’re playing).
Of course, when you play the Powerball you’re probably hoping for a six or seven-figure prize (which has odds well over 5 million to 1), but the reality is that when you combine all the odds of winning you’ll have a 1 in 31 chance of seeing a return on your money.
In line with the above point, the expected value (EV) calculations for the Powerball actually produce a positive result. While we won’t drill down into the mathematics right now, the end result when you compare prize money, gains vs. loss, odds and probability is that the Powerball has an EV of $1.78.
This means that, in theory, you stand to win $1.78 for every Powerball ticket you purchase. Of course, that doesn’t mean this will happen every time and it’s important to note this number is positive because of the huge jackpots, but what it does suggest is that the numbers are on your side when you play.
Multiple Tickets Mean More Ways to Win
The final positive point we can make about the Powerball is that the rules of the game allow you to purchase more than one ticket. While this won’t necessarily improve your EV, it will improve your odds of hitting a winner as you’ll essentially have more bites of the proverbial cherry.
However, a note of caution when pondering this fact, it’s important to consider your bankroll each time you ante-up. A single ticket costs $2 and if your lottery bankroll is only $100 then you shouldn’t be purchasing 30 tickets ($60) for per session. Buying more tickets is great, but only if it fits with your bankroll’s limits.
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