How Much Money Can Be Gained From Pick 5 Lotto Games?

Pick 5 lotto is an exciting game anyone can take a chance on, whether you're a beginner or a seasoned player. With this particular game, the prize will not be as huge as the bigger lottery games that can win you billions of dollars. On the other hand, it has become extremely popular due to the frequency of winnings. The prizes are relatively smaller, but for every smart player out there, the small winnings tend to add up over time.

To understand how much you can get with pick 5, you have to learn how it's played. What you basically do is choose up to 5 numbers from 1 to 38 by filling out a play slip. If you are undecided, your other option is to go for a Quick Pick. This allows an automated system to randomly pick 5 numbers from 1 to 38 for you. While this may be more convenient, it's always better to have a strategy of your own.

Every play will cost you at least $1. You can choose up to 5 various sets of numbers for every play slip. You may buy the same numbers for as many as 72 consecutive drawings when you employ the multi-draw box on the play slip. If your 5 numbers correspond with the numbers that are chosen during a drawing, then you can hit the jackpot of up to $100,000. On the other hand, you don't necessarily have to have all 5 numbers match to win. In fact you only have to match at least 2 numbers to win a free ticket, 3 numbers to get a small prize, 4 numbers to get a decent prize, and 5 numbers to hit gold. Also, such games are typically carried out by the State, so there will unlikely be cases of fraud.

To give you an idea of how much you can win in pick 5 lotto, the average top prize is $50,000, but it is possible to hit the jackpot worth $100,000. Any serious lottery gamer who wants to have a higher probability of winning a decent prize should play more often each week. Depending on where you're playing, tickets can often be bought 6 to 7 days every week.

Ways To Win

There are 4 ways to win prizes worth anywhere between $1 to $100,000. Gamers have the choice of shelling out an additional dollar each day for the opportunity to multiply all prizes, by the power up number picked, 2, 3, 4 or 5 times. Buying a power up multiplier option raises the cost of every play from $1 to $2.

Growing Top Prize

The top prize starts at $50,000 and increases every time the amount isn't won. The top prize will be distributed equally among several winners, and is given in a single cash installment. The set prize amounts depend on the expected quantity of winners. In unusual situations, such prizes may be given out on a parimutuel basis, which will be lower compared to the announced prize levels.

Your Chances Of Winning

In a parimutuel game, the chances of getting all 5 numbers matched is 1 to 658,008 and if you win, you get the jackpot prize. Your probability of winning $500 is 1 to 3,760 for 4 out of 5 numbers matched, and $11 is 1 to 111 for 3 out of 5 numbers matched. The prizes here are approximated based on 1 jackpot winner, the odds and expected sales.

For a start, you will only need a minimum of $1 each day as a beginner. If you can afford to buy more in one day, your chances of winning more money each month will be much higher. To lower your risk of losing too much money, set aside a specific budget just to play pick 5 lotto. This is what experienced gamers do to be more consistent with their strategies.