Is Playing The Lottery Better Than Slots?
Slots have always been a popular game in a land based casino as well as online. In the past, many people gambled their hard earned money on the old fashioned lottery system. Now that gambling has gotten flashier and more glitzy, is the lottery still an attractive alternative.
Since both of them are popular attractions, they have many similarities.
Simplicity Classic slots game variants are the simplest and easiest for anyone, including first time games to play. The learning curve is not hard unlike table games such as Poker or Blackjack and anyone has a fair chance at winning the pot. The same goes for the lottery. One does not have to be an expert at betting but merely select a set of random numbers to bet on. In some cases if the person cannot decide on what numbers to choose, the lottery machine can automatically select the numbers.
Payouts Many people believe that playing table games is the sure way to a huge jackpot. What many people fail to see is that when slots winnings from all over the world are added together, they surpass all the winnings of all table games put together.
In effect, it is possible to bet a measly one dollar and win a $35,000.00 jackpot and beyond. In the lotteries, it is also possible to make small bets and have a high return on the bet itself.
To make the comparison between winning the jackpot amount in the lotteries and online slots, look at the breakdown of the amount spent on a sample UK National Lottery ticket.
The cost of a lottery ticket is pegged at £1 ticket ($1.90). The operator of the lottery has a profit of 0.5p (pence) and an operating cost of 4.5p. The amount of 50p ($0.95) goes to the prize fund. 28p ($0.53) is directed to various causes such as charity and sports. A "stealth" tax of 12p ($0.23) is forwarded to the UK Government. And a commission of 5p ($0.095) for retailers.
Looking at the computations, the actual prize fund from a winning lottery ticket only nets the player fifty percent of total money paid. Compared to an online casino, the payout is 88 percent to a high ninety nine percent.
It is evident that online slots game offers a much greater chance of winning than a lottery. Although there are some UK lotteries that may pay a higher amount, they are usually nowhere near the amounts offered by online slots. Being satisfied with the payout amount of the lottery is a personal decision and for those who do not have the luxury to wait for the result of the draw, online gambling is the nest option.