Sunday, June 22, 2008

How to Win PowerLotto: PCSO's Version of the US's PowerBall

Patterned after the popular Powerball in the United States, “555+1 PowerLotto,” the newest and biggest lotto game of the state-run Philippine Charity Sweepstakes Office (PCSO) has a minimum winning jackpot of P50M.
At P50 per play, bettors will generate their number combination from two sets of numbers.

How to play the PowerLotto:

Choose five numbers from 1 to 55.
Pick an extra number, called the “power number,” from 1 to 10.

In order to win, bettors need to pick the right number combination in any order from the first set and the exact power number from the second to win the jackpot.

Although the minimum bet costs five times that of the 6/42 lotto, the new game offers a bigger jackpot prize

PowerLotto prizes:

jackpot minimum of P50M ,
consolation prizes:

P700,000 : five number combination from the first set
P50,000 : four of the winning number combination and the power number
P4,000 : has three of the winning numbers and the power number
P400 : two numbers and the power number
P100 : one of the five-number winning combination and the power number

How to win the PowerLotto(PowerBall)?

Similar to my earlier post on How to Win the Lotto, you need to know how many possible tickets you need to buy in order to know the odds and the investment:

Using mathematical probability, it's a combination of C(55,5) x 10 which is equal to: 3478761 x 10 = 34787610.

In comparison, the SuperLotto has a total combination of 13983816 about 2.5 times less odds than that.

With a total of 34787610 possible combinations at P50 each, total investment needed to be 100% sure of winning the jackpot prize is P1,739,380,500.

Do you have P1.8B to bankroll the risky game? Even if the jackpot prize reached P2B, there is also the risk that more than one person will win :P

Related Post:
How to Win PCSO Lotto
How to Claim Lotto Prize

Lottery; How to Win the PowerBall; How to Win the Lottery

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