Anyone who likes gambling has probably asked themselves where the chances of winning are actually higher: on slots or the lottery. The question can be answered very easily, because the chances of winning the Lotto 6 out of 49 in the UK are 1:31 or 3.2%. The chance of winning the main prize (6 correct numbers plus super number) is around 1:140,000,000.
In slots not on Gamstop, the probability of winning is given in the form of volatility. It is in the middle range for most slots and says something about how often winnings are paid out in a game round. The lower the volatility, the more frequently smaller winnings are paid out. If the volatility is very high, you win less often, but you win higher. The volatility of the lottery is very high because the amount of winnings varies greatly and winnings are rather rare.
Much more important than the volatility, however, is the fact that in most lotteries only around 50% of the income is distributed in the form of winnings or used to increase the jackpot. For online slots, however, this payout rate is an average of 96%. On average, you get 96 cents back for every euro you stake. In the lottery it is only around 50 cents per euro wagered on average.
The chances of winning from slots are significantly higher than with classic lotteries. However, the maximum winnings are of course only as high for a few slot machines as for the big lotteries such as 6 out of 49 or the Euro Jackpot.
Reasons Why Playing Slots Is Better Than Playing the LotteryThe fact that you have a higher chance of winning slots than the lottery is just one of the reasons why you should play slot machines. We have briefly summarized three other good reasons for you to play slot machines rather than fill out a lottery ticket for you:
Huge Variety of GamesEven if you only play the most popular slots found in non GamStop casinos, the selection is huge. Since there are so many different development studios, new slots come onto the market almost every day that you can try out. It is virtually impossible to play every slot machine ever created. Lotteries, on the other hand, practically all follow the same pattern, even if there can of course be differences in the number of numbers in the pot and the digits that have to be matched.
Instant ResultsWith slot machines, you know almost immediately whether you've won something or not. If you play the lottery, however, you usually have to wait several days until the next drawing takes place. This is rarely a momentary pleasure. If you regularly speculate on the big jackpot, you may have to wait a long time before it is even won.
Bonus Offer for New PlayersIn an online casino you can secure bonus credit as a new customer when you play slot machines for the first time. This means you can try out a variety of slot machines and also have the chance to win. On the other hand, if you go to the nearest lottery counter and ask about a bonus offer, the only answer you will get is a provocative smile.
Payout Rates of Non GamStop SlotsIn slots, the payout rate is determined via a random generator that is defined by the game developer. Some developers allow providers to choose between different payout rates.
How Are Payout Rates & the Frequency of Payouts on Slots Determined?You can read the payout percentage in the instructions for every online slot machine. It must be specified to the second decimal place. So you can check the statistical chances of winning on slots very carefully. In addition, most game developers also provide a benchmark for the volatility of their slots. From this you can roughly see how often a winning line is hit per game session.
Since volatility is only a rough guide, the best way to get a feel for the frequency of winnings is to play and try out slot machines yourself. It's best to start with very small stakes and work your way up to the slot. This way you can not only check whether you enjoy it, but also estimate how likely you are to win from a spin. This is important for your betting strategy and is particularly relevant if you want to increase the stakes and take a little more risk.
Playing Speed in Slots and the LotteryIf you compare the dynamics and speed of slots and lottery, slots are of course ahead. You can place bets very frequently within a session and try your luck. In the lottery, you bet on your numbers once and then wait for the drawing. However, a lottery ticket usually costs a little more compared to a few spins on the machine - depending on the stake and the number of spins.
Of course, with the higher frequency of slots there is also the risk that at the end of a session you will have staked and perhaps lost more money than was the case when filling out a lottery ticket with three boxes. Therefore, be sure to pay attention to your budget when playing in non GamStop online casino. Always set a maximum amount that you are willing to risk and, if necessary, lose. In addition, as with the lottery, you should never chase losses.
ConclusionWhich game offers better chances of winning: slots or lotteries? We have now clearly answered the question. But even if you have better chances of winning with slots than with the lottery, that doesn't necessarily mean that slots are the better choice for everyone. Playing the lottery also has its charm. If you are only interested in having a chance at an extremely high win - no matter how small - and you only want to play once and then enjoy the drawing, the lottery is certainly more suitable for you.
Slot machines also have jackpots, but you have to place repeated bets to maintain your chance of winning the jackpot. You always get the results immediately. Since many slot machines today are more reminiscent of casino games than classic one-armed bandits, they offer a lot of fun potential. This combined with the high payout rates, the chance of winnings and the huge selection are the reasons why we love slot games so much.
