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Math Help - Probability of winning raffle ticket in euromillions draw

  1. #1
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    Probability of winning raffle ticket in euromillions draw

    Hi

    I am looking to find the odds of buying a winning ticket in the recent euromillions draw (not the jackpot at fixed odds) but to get a raffle ticket correct. There were 80,000,000 tickets sold and the organisers were giving away 100 prizes of 1,000,000 drawn using a random number generator. If i had 1000 tickets what would the odds be of me having a winner.
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  2. #2
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    Re: Probability of winning raffle ticket in euromillions draw

    There are 100 winning tickets and 8000000 tickets so the probability of any one ticket would be [tex]\frac{100}{80000000}=0.00000125. If you buy 1000 tickets your probability of winnng a prize is (1000)(0.00000125)= 0.00125 or 0.125%. If the total value of all the 100 prizes is 1000000 (not euros?) then your "expected return" is (0.00125)(1000000)= 1250. Of course, The cost of each ticket will be more than 1.25 because the people setting up the raffle are not going to use money.
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  3. #3
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    Re: Probability of winning raffle ticket in euromillions draw

    Thanks for that, the raffle draw was only in the uk as a special for the olympic opening ceremony, there were infact 100 prizes of 1m each so total raffle prize money was 100m. Each ticket cost 2 you still put numbers on as you would in any lottery and had a chance of winning that also. they raffled of 100 prizes based on ticket numbers sold guaranteeing 100 winners. I got a few mates together and put 1000 tickets on and estimated odds of 800 to 1. after the draw when we had only won 376 a few people argued saying the odds i gave were completely wrong and i tricked people in to it.
    From your working is a chance of 0.125% a 800/1?
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  4. #4
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    Re: Probability of winning raffle ticket in euromillions draw

    It is 1/800, if that's what you meant.
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  5. #5
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    Re: Probability of winning raffle ticket in euromillions draw

    How can you try to calculate the odds at a time like this?! There are only a few hours to go till the HIGHEST EuroMillions jackpot ever!! 190 million big time jackpot. You can buy tickets from anywhere in the world through theLotter: EuroMillions or try Lottery Online - Lottery Ticket Results | theLotter
    Good Luck to us all!
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