Like most gambling games, both slots and lottery are games of chance. However, they are more dependent on luck than skills and experience. Still, they are some of the most loved and played in India and worldwide. You will find thousands of people playingGenesis Casino’s slots and millions performing uncountable KBC lottery number check on the KBC JIO lottery official site. The fact that slot machines and lotteries give a chance to win big is one of the main reasons both games are accepted unconditionally. Notably, the games offer varied odds of winning. Here, we will explore the difference between the two games in terms of odds.
Let’s get started.
Slots vs. Lottery – Which is Better?
Online gamblers participate in different games for various reasons. Some look for entertainment value while taking the chance to win – to multiply their money. As such, determining which is better between slots and lottery is more dependent on your primary objective. If your sole purpose is to double or triple your money, you should consider the game type with better odds of winning. If it is entertainment, then consider the one you love, or engage in both. Let’s look at the differencebetween the two games in terms of odds.
Usually, the lottery winning odds depend primarily on four factors, including:
- The Grand Prize put up to be Won:
Principally, lottery odds depend much on the grand prize put up to be won. Typically, the bigger the reward, the lower the odds of winning. Specifically, lottery jackpots offer extremely low odds compared to typical prizes. Usually, the probability of hitting the jackpot is 1 in 13,983,816, according to experts. On the other hand, the odds of winning ordinary lottery rewards is 1 in 38. Notably, the odds of winning decrease as the rewards increase.
- Lottery Games:
Besides the prize, lottery winning odds depend on the lottery games you choose to participate in – different games have higher odds than others. For example, lottery games such as scratch-offs have higher odds than bigos. However, scratch-off rewards are relatively more minor than bigos. Note that some lottery games do not provide jackpots. Usually, the size of the prize is dependent chiefly on the price of the lottery ticket.
- Series of Numbers to be Matched:
Typically, in most lottery games, you are supposed to match specific pre-determined series of numbers to win. For instance, some lotteries require you to make a pattern of six numbers while others will need four and others five numbers. Obviously, matching a series of four numbers is more manageable than matching six numbers, hence better odds.
Essentially, if you want to multiply your money fast, you will have to play games offering more significant rewards. Unfortunately, most of these games offer lower odds. Interestingly, some lottery companies offer multi-draw options, increasing your winning chances significantly.
Casino Slots Odds:
Interestingly, casino slots offer higher odds than lottery games. Most casino slots offer an average hit frequency between 20% and 30%. That is, you are likely to get 20 to 30 wins out of 100 wagers you place.
Principally, various slot games have varied winning odds. Typically, there are a dozen slots available today. And odds vary from one game to the other. For example, the chances of winning in a classic slot machine (also known as the Three-Reel slot) are higher than in the Five-Reel slot machine.
Additionally, the probabilities of winning are influenced significantly by the paylines a particular slot machine provides. A pay line refers to the pattern formed by the winning symbols on a slot machine – it can be a straight or a zig-zagged horizontal line.Most slots come with a single pay line, while others offer multiple pay lines, especially modern slot machines. Apparently, slot games offering multiple pay lines have higher odds than those providing single lines.
Notably, casino slots winnings are more dependent on the amount you wager. The higher your bets, the higher the rewards.
So, which is Better Between Slots and Lottery?
Evidently, the lottery is a better option if you are looking to multiply your money instantly. However, note that it is not that easy to win as it may sound. As such, if you are considering trying your hands on the lotto and see if your name will appear on the KBC WhatsApp lottery winner 2022 list, you got to keep in mind that your luck is your only chance. However, if you are patient, you may try your luck on online slots or play the lotteries with smaller rewards.