For bettors outside of the US, the Powerball Lottery used to be a mythical beast glinting in the distance like a mirage. Everyone knew it was there and how valuable it could be, but only those in a certain region could touch it. Indeed, anyone that wasn’t able to pop into a 7/11 store or some other official US retailer was out of luck when it came to playing for some of the largest lottery jackpots in the world.
Fortunately, however, things have changed and in the last five years the advent of online lottery sites has made it possible for anyone of legal age (and with an Internet connection) to play the US Powerball. In fact, when you go online today you’ll not only be able to play the Powerball, but you’ll have the opportunity to learn all about it.
Using Online Lottery Sites for Powerball Play
Thanks to the rise in popularity of lottery websites, you can now navigate to a platform like The Top Lotto and get the complete lowdown on the US draw before you use the one click option to play Powerball online.
Acting in much the same way as comparison engines in the financial and automotive industry (think sites such as Go Compare), lottery comparison websites allow you to review, compare and contrast a plethora of lottery data.
For example, if you wanted to play Powerball online but wanted a little information on the set-up before you do, Top Lotto will give you the lowdown on everything from the biggest jackpots ($1.586 billion), the rules of engagement (you have to choose six numbers at a cost of $2) and the overall appeal of the lottery.
Having access to this information is great for the savvy bettor because it can make the difference between a +EV proposition and one you should consider leaving alone. Indeed, just because a game is appealing on the surface, it doesn’t mean it’s right for your particular circumstances (i.e. the cost per line could be beyond your bankroll’s limits).
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.
If you can stick to your limits and embrace the numbers, the Powerball really is one of the juiciest lotteries in the world.