EuroMillions Hot Picks

[Len]

Please feel free to discuss anything about EuroMillions HotPicks here in this new thread.

[Len]

From what I can see the EuroMillions Hot Picks is a good deal!
What I can't understand is why a EuroMillions ticket is £2.50p
and their prize money for five numbers is a lot less then the £1.50p
EuroMillions Hot Picks prize money of £1,000,000 for five numbers?

EuroMillions Hot Picks Prize Money.
Tickets Cost £1.50p
Pick 1 = £10
Pick2 = £100
Pick3 = £1,500
Pick4 =£30,000
Pick5 = £1,000,000

[Frank]

Almost impossible to line up a table in this forum, this will have to do.

Code:

Game    Prize Categories               Approximate Odds of Winning    Prize       odds/prize
Pick 1    Pick 1 Match 1 Main Number     1:10                            £10             1
Pick 2    Pick 2 Match 2 Main Numbers    1:123                    ...£100       ........1.23
Pick 3    Pick 3 Match 3 Main Numbers    1:1,960                  .....£1,500            1.31
Pick 4    Pick 4 Match 4 Main Numbers    1:46,060                 ....£30,000           1.54
Pick 5    Pick 5 Match 5 Main Numbers    1:2,118,760       .........£1,000,000          2.12

Basically the harder it is to win, (greater odds) the less you get for your money as they reduce the payback rate (odds/prize) for the higher prizes. Pick one two three are reasonable prizes given the odds.

As Len has pointed out, the match 5 Million pound prize is much better than the Euromillions match 5 prize, and the chances of you winning that is the same in both lotteries. Thats because the Euromillions prize pool for match 5 is around £200,000 ( depends on how many tickets sold and other things) and is shared between all winners. You don't however in hotpicks get a free entry to the millionaires draw, so you are only playing for one fixed prize and that's why you win more.