Expected Value Calculator for Lotto Max and Lotto 6/49

Discover how you throw away nearly half of whatever disposable income you put towards playing the lottery. You may be surprised how much you lose on average when you dream of winning big!

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5 thoughts on “Expected Value Calculator for Lotto Max and Lotto 6/49”
  1. Something is not right here.

    settings: Lotto Max
    65+43

    # of entrants 1 MM = 0.01 loss
    # of entrants 2MM = 0

    why would increasing the entrants ever increase the EV?

    1. Precision was low because the “split” column was rounded to the nearest whole unit.

      The calculator really is just to give a rough ballpark of the EV. It shows how it is always negative (and very negative) for the lottery given realistic inputs. It shows how big of an impact splitting the jackpot is in hurting the EV and how much obfuscation the OLG puts into their advertising.

      Also, to answer your question that you accidentally put in a different post, you asked “how can i found out the # of entrants from the last draw?”

      This information used to be posted on the OLG website, but their site has changed and I can no longer find that information. There is a general trend that the larger the prize pools are, the more entrants there are, and the “Guess For Me” button tried to approximate that trend. The fact that they don’t readily make this information findable goes with the “obfuscation” comment I made about the OLG and their sneaky advertising.

      I’ve now updated the calculator to have the latest prize payout structure (including the increase to 50 numbers in the Lotto Max selection pool), and improved the way to calculate estimated number of entrants. The biggest contributor to -EV are prize splits.

  2. Number of Entrants – Atlantic Lottery Corp publishes the Prize Payout table plus the odd of winning at a certain prize level. I just chose a relatively large number of winners at some level and multiply by the odds published to give me the rough estimate of the last entrants pool.

    https://www.alc.ca/content/alc/en/our-games/lotto/lotto-max.html#payout

    Can you bring back the feature letting us put in the Estimated tickets, please? I just add a round up to my previous calculated. Might be under but good enough to show how much you’re likely to lose at best case.

    Cheers

    Bob

    1. Hi Bob,

      I made radio button options so you can manually input the number of entrants as opposed to letting the calculator estimate that figure via the “old unwon jackpot”.

      Chris

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