A4_14 Which Lottery Ticket

Abstract

This paper looks at the ratio of prize amount won to chance of winning that is present in the different variants of a drawn lottery game. The Lottery, and it's variants, run by the UK's Camelot Group are analysed to see if all the games have a similar relationship linking the amount won to the chance of winning that amount. It is found that all the games have a very similar relationship governing the chance of winning and the prize payed out.