Ash4781 Posted January 7, 2016 Share Posted January 7, 2016 http://www.bbc.co.uk/news/uk-35240597 A record £50.4m jackpot has gone unclaimed in Wednesday's National Lottery draw and will roll over to Saturday...... Wednesday's jackpot is the result of 13 consecutive rollovers and follows the number of balls in the draw increasing from 49 to 59 in October New Camelot rules mean the jackpot prize is shared out in the first draw after the prize reaches £50m. This means if no player matches all six numbers on Saturday the prize will be shared between winners in the next tier where there is at least one winner - most likely those who have five main numbers and the bonus ball. Camelot said this would make it "some of the best odds players have ever had to win a multi-million pound life-changing jackpot". I have not followed the lottery odds restructuring. Interesting to see detail (terms and conditions) for Saturday.e.g. if no -one gets the 6 numbers... Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 Going down the extra numbers / longer odds route was the sensible way as it copies the Euromilions model. I wouldn't consider buying a lottery / Euromilions ticket in a normal week but once it gets up to a big rollover sum then the mini-syndicate at work kicks in. And I'm in this syndicate as however outside the likelihood I do not want to be in the position of everybody around me and except me leaving at the same time as millionaires. Link to comment Share on other sites More sharing options...
Scunnered Posted January 7, 2016 Share Posted January 7, 2016 I have not followed the lottery odds restructuring. Interesting to see detail (terms and conditions) for Saturday.e.g. if no -one gets the 6 numbers... It's still not looking very good. Last night, there were no jackpot winners but two people who got the next best thing. They got just less than £75,000 each from a > £50M prize fund. https://www.national-lottery.co.uk/results/lotto/draw-history/prize-breakdown/2091 Link to comment Share on other sites More sharing options...
Riedquat Posted January 7, 2016 Share Posted January 7, 2016 Going down the extra numbers / longer odds route was the sensible way as it copies the Euromilions model. The total amount of sales will tell that - how have those changed? Going up to £2 caused them to drop, although if not by half then they'll still be bringing more money in. More numbers though, less chance of getting anything, that'll no doubt create more ticket sales when there is a big jackpot but will that make up for even fewer being sold the rest of the time? Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 Pass. But from my lot at work they're combined getting >£100 annually through these big rollovers when they would otherwise get zip. Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 Damn it, I'll have to go to work today. Don't normally play the lottery but when it gets to the final draw or >£100m on Euromillions I will play. Yes, I realise this makes no sense. I dunno, when 99.9999% of your money is in low risk investments putting £2 on one highly-speculative one represents a balanced portfolio. Plus I see each rollover as adding value. So without one you get £2 worth of value for your £2, one rollover £4 value and so on. My old rule was only buy on double rollovers (£6 value) or higher but I'm going to have to revise that as I've been buying two tickets a week for ages now. Maybe £50m minimum jackpot before buying. Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted January 7, 2016 Share Posted January 7, 2016 I dunno, when 99.9999% of your money is in low risk investments putting £2 on one highly-speculative one represents a balanced portfolio. Plus I see each rollover as adding value. So without one you get £2 worth of value for your £2, one rollover £4 value and so on. My old rule was only buy on double rollovers (£6 value) or higher but I'm going to have to revise that as I've been buying two tickets a week for ages now. Maybe £50m minimum jackpot before buying. I’m similar to you, I used to play on big Euromillions rollovers (>£75M) and UK double rollovers but when the price of UK tickets doubled overnight, I pretty much stopped playing anything, even the Euromillions. I hadn’t even realised they’d changed the numbers (i.e lengthened the odds) till someone asked me to check last night’s numbers. You might be better off saving your stake and buying a block of numbers when they promise 10 millionaire raffle winners, probably the best odds they give you nowadays. Or have they stopped that too? Link to comment Share on other sites More sharing options...
DEATH Posted January 7, 2016 Share Posted January 7, 2016 It will go to the 5 + bonus ball winners on Saturday if nobody wins it outright. 75k payout for that Wednesday, maybe £60m on Saturday. A question of timing... Link to comment Share on other sites More sharing options...
sPinwheel Posted January 7, 2016 Share Posted January 7, 2016 I bought 5 tickets. Fingers crossed. Link to comment Share on other sites More sharing options...
65243 Posted January 7, 2016 Share Posted January 7, 2016 The odds are now 1:45,000,000 apparently. A ticket costs £2. So it becomes a good deal only when the jackpot goes above £90m, and only then of you choose a combination of numbers that no one else will choose so that you wouldn't have to share. (On that last point I'd guess you're better off with sequential numbers, because people somehow think they're less likely to come up than nicely spread out ones. Maybe choose a sequence around 13, because they think that won't come up. Or a sequence above 31 because lots of people choose birthdays.) Link to comment Share on other sites More sharing options...
onlyme2 Posted January 7, 2016 Share Posted January 7, 2016 The odds are now 1:45,000,000 apparently. A ticket costs £2. So it becomes a good deal only when the jackpot goes above £90m, and only then of you choose a combination of numbers that no one else will choose so that you wouldn't have to share. (On that last point I'd guess you're better off with sequential numbers, because people somehow think they're less likely to come up than nicely spread out ones. Maybe choose a sequence around 13, because they think that won't come up. Or a sequence above 31 because lots of people choose birthdays.) They're the standard odds. With the guaranteed payout with jackpot over 50million and 5 winning numbers then that reduces to 7million to one apparently. This compares to the 14million to one when it was a quid, so in terms of winning a life changing sum then much worse odds than before. If you are going of the maximum amount with least sharing then better off picking numbers outside of birthdays / calendar passed picks and a selection skewed towards the new numbers which people will not already have as favourites. Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 Somebody at work, an actuary no less, kept telling everybody how much cleverer he was than all the people with their lucky numbers, hot and cold numbers etc. Unlike these halfwits he knew that the process was entirely random so it didn't matter what numbers you picked, they all had an equal chance of being drawn. So his numbers were 1 2 3 4 5 6. Probably the most common combination of all. Genius. Link to comment Share on other sites More sharing options...
onlyme2 Posted January 7, 2016 Share Posted January 7, 2016 Somebody at work, an actuary no less, kept telling everybody how much cleverer he was than all the people with their lucky numbers, hot and cold numbers etc. Genius. Blimey, an actuary!?!?! Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 Blimey, an actuary!?!?! I know! Every other actuary that I worked with was very clever but this guy made me wonder where he qualified, St Kitts & Nevis maybe. Link to comment Share on other sites More sharing options...
Riedquat Posted January 7, 2016 Share Posted January 7, 2016 If you're after maximising your gains if you do win then pick numbers above 31, to eliminate sharing a win with all the people who use birthdays. edit: Hang on - when did I changed from "HPC Guru" to "I live on HPC"? 7500 posts? There's a depressing number. Link to comment Share on other sites More sharing options...
gilf Posted January 7, 2016 Share Posted January 7, 2016 Somebody at work, an actuary no less, kept telling everybody how much cleverer he was than all the people with their lucky numbers, hot and cold numbers etc. Unlike these halfwits he knew that the process was entirely random so it didn't matter what numbers you picked, they all had an equal chance of being drawn. So his numbers were 1 2 3 4 5 6. Probably the most common combination of all. Genius. No probably about it, it is by far the most picked set of numbers. About 10,000 people a week have those and so good luck to him but he has reduced his win from £50m to £50,000 If he wanted to prove how clever he was he should have gone for 32,33,34,35,36,37 (or any sequence about 31) because by using the first seven numbers he has greatly increased his chance of clashing with lucky numbers, birthdays, anniversaries etc and so even any lower level prices will have greater chance of being matched with the numbers he picked. So basically he thinks he's clever but just proved he's an idiot. Link to comment Share on other sites More sharing options...
juvenal Posted January 7, 2016 Share Posted January 7, 2016 edit: Hang on - when did I get changed from "HPC Guru" to "I live on HPC"? 7500 posts? There's a depressing number. That happened to me. Been depressed ever since.. Link to comment Share on other sites More sharing options...
GloomMonger Posted January 7, 2016 Share Posted January 7, 2016 I know each number has the same chance of being picked but surely 6 consecutive numbers has less chance of winning than 6 random numbers? Link to comment Share on other sites More sharing options...
Frank Hovis Posted January 7, 2016 Share Posted January 7, 2016 I know each number has the same chance of being picked but surely 6 consecutive numbers has less chance of winning than 6 random numbers? A run is less likely to occur because there are far fewer combinations making runs than combinations not making runs. But the chance of a particular run occurring against a particular selected scatter is the same. Link to comment Share on other sites More sharing options...
MrPin Posted January 7, 2016 Share Posted January 7, 2016 A run is less likely to occur because there are far fewer combinations making runs than combinations not making runs. But the chance of a particular run occurring against a particular selected scatter is the same. You have passed your probabilty module. Link to comment Share on other sites More sharing options...
DEATH Posted January 7, 2016 Share Posted January 7, 2016 If one of you win the £50m can I have £1m of it for posting this message please? Link to comment Share on other sites More sharing options...
Habeas Domus Posted January 7, 2016 Share Posted January 7, 2016 The health lottery has much better odds every week https://www.healthlottery.co.uk The other thing I don't like about any of these lotteries is the hundreds of millions spent on good causes tends to dissapear in a lot of "Admin and management fees." Just try to think of one really good thing thats been funded by the lottery and seems like remotely good value. Link to comment Share on other sites More sharing options...
MrPin Posted January 7, 2016 Share Posted January 7, 2016 The health lottery has much better odds every week https://www.healthlottery.co.uk The other thing I don't like about any of these lotteries is the hundreds of millions spent on good causes tends to dissapear in a lot of "Admin and management fees." Just try to think of one really good thing thats been funded by the lottery and seems like remotely good value. Ha ha! Oh dear! I just heard of a colleague's neighbours' wife being laid off by "Kid's Company". I'm sure she tried to do a good job, although Mrs Big Sofa might have been troughing it large! I think "charities" are poo really, unless all volunteers and local. You gotta see the results of your tombola! Link to comment Share on other sites More sharing options...
XswampyX Posted January 7, 2016 Share Posted January 7, 2016 The Lottery funded, Royal Opera House, is an Opera house and major performing arts venue based in London. This project is just one of many to have received a grant from Arts Council England, which distributes National Lottery funding, as well as government grants, to support a range of activities across the arts, including museums, libraries, theatre, digital art, reading, dance, music, literature, crafts and collections. Based at the Royal Opera House in London’s Covent Garden, The Royal Ballet is Britain’s largest ballet company. The Company has a wide-ranging repertory showcasing the great classical ballets, heritage works, as well as new works by the foremost choreographers of today. The National Lottery supports projects like these because great art and culture inspires us, bringing people and communities together, and teaches us about ourselves and the world around us. This one? Or.... The Dark Hedges The Dark Hedges is an avenue of beech trees planted by the Stuart family in the 18th century leading up to the entrance of their estate, Gracehill, in Stranocum, Ballymoney, Co Antrim in Northern Ireland. Through the Causeway Coast & Glens Heritage Trust, the Dark Hedges Preservation Trust works to preserve, enhance and promote the site for future generations. Dam! Here... The Brink The Brink is the UK’s first alcohol-free bar and café and entertainment venue with a full programme of events. By providing a vibrant space in the heart of Liverpool for people to socialise without the risks to their health associated with alcohol consumption it makes an important contribution to community health and wellbeing. The Brink supports people recovering from addiction and their families, including children and offers an easy-access doorway into local treatment and recovery services. Oh well. Link to comment Share on other sites More sharing options...
Habeas Domus Posted January 7, 2016 Share Posted January 7, 2016 The Royal Opera House was managing to make ends meet for years before the lottery started "The Dark Hedges Preservation Trust was awarded a Heritage Lottery Fund (HLF) grant of £43,000 in 2011 to ensure the uniqueness of these trees is preserved and perpetuated for many decades to come." So 43,000 not to plant a hedge, but just to "maintain" one that was already in place. Link to comment Share on other sites More sharing options...
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