Compare Mobiles
Searching
Viewing latest Search
in

Search

Start typing in the search box and your results will appear here.
Blog
I've spent £877 playing the lottery - guess how much I've won?

I've spent £877 playing the lottery - guess how much I've won?

6 Jan 17
by John John

I first started playing when I turned 18 in June 2003. I have played every Saturday lottery since then by direct debit.

My best win was £66 for 4 numbers in April 2009. I also won 8x £10 and 4x £25 bringing my total winnings to £246.

That means for every £1 spent I've won just £0.28 back.

As investments go, that's like buying a house for £200,000 and selling it for £56,100 - not a good return!

So, for every £1 spent on the lottery - where does it go?

  • 5p to Camelot
  • 5p to the retailer
  • 12p to the Government as tax
  • 28p to good causes like team GB
  • 50p towards prizes

So of my £877 that equates to:

  • £105.24 in tax
  • £245.56 to good causes
  • £246 in winnings for me
  • £192.50 in winnings for others
What if I had invested that money?

Very rough calculations assuming an average 3% APR give interest of around £130, taking the money I could have right now over £1000 if I'd saved it each week - a 15% return on my investment so far compared to a 72% loss.

How long do I need to play to win?

The odds used to be 1 in 14 million, but a 2015 addition of 10 extra balls reduced those odds to 1 in 45 million.

I've played 707 times so far, and would need to play 22.6 million times for it to be more likely I have won the jackpot than not.

Playing once per week, and subtracting my 707 entries so far, I'll be waiting until the ripe old age of 433,262 years old before I have probably won the jackpot.

Should you play the lottery?

My advice as a money saver is a resounding no. I started playing as an excited 18-year-old and formed a habit. I know I'm not going to win but can't bear the irrational thought of my numbers coming up the week after I stop. It's a terrible approach, and with hindsight we'd probably all rather have the money sitting in a savings account… except for those who won!

Would you want to be told about this? Share it
No comments
Loading
Deal
Nerf Battle Racer
3 stars +101

Nerf Battle Racer

£149.98 costco10 Oct 17
Source: HotUKDeals | Deals > Kids
Spread the word - don't keep it to yourself
Loading
Deal
PS4 Sony Dualshock 4 V2 Controller Jet Black 365Games
4 stars +357

PS4 Sony Dualshock 4 V2 Controller Jet Black 365Games

£29.99 365 Games10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Share this with somebody now
Loading
Share now with someone who'll love it
Source: HotUKDeals | Deals > Kids
Want it bought for you? Tell someone
Loading
Spread the word - don't keep it to yourself
Source: HotUKDeals | Deals > Groceries
Would you want to be told about this? Share it
Loading
Want it bought for you? Tell someone
Deal
Blondie - Parallel Lines on vinyl purehmv members
3 stars +155

Blondie - Parallel Lines on vinyl purehmv members

£8.99 HMV 10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Share this with somebody now
Loading
Share this with somebody now
Source: HotUKDeals | Deals > Kids
Perfect for a friend? Share now!
Loading

Oct 2017

Deal
Embr icon pack - free
3 stars +122

Embr icon pack - free

Google Play10 Oct 17
Source: HotUKDeals | Deals > Mobiles
Would this be useful? Tell someone
Loading
Deal
Paulaner Munich Hall beer 5 litre keg
3 stars +151

Paulaner Munich Hall beer 5 litre keg

£9 Waitroses10 Oct 17
Source: HotUKDeals | Deals > Groceries
Would this make someone happy? Pass it on
Loading
Become more popular. Share this now
Deal
Costco fuel Edinburgh now open - petrol 110.9 diesel 112.9
3 stars +143

Costco fuel Edinburgh now open - petrol 110.9 diesel 112.9

costco10 Oct 17
Source: HotUKDeals | Deals > Other
Would you want to be told about this? Share it
Loading
Share this with somebody now
Deal
Wrapping paper
3 stars +133

Wrapping paper

£0.48 Tesco10 Oct 17
Source: HotUKDeals | Deals > Other
Perfect for a friend? Share now!
Loading
Source: HotUKDeals | Deals > Travel
Want it bought for you? Tell someone
Loading
Perfect for a friend? Share now!
Deal
Bluetooth Speaker, Anker SoundCore nano Sold by AnkerDirect - Lightning deal
4 stars +300

Bluetooth Speaker, Anker SoundCore nano Sold by AnkerDirect - Lightning deal

£6.99
£3.99 P&P + options Amazon UK10 Oct 17
Source: HotUKDeals | Deals > Technology
Share this with somebody now
Loading
Would you want to be told about this? Share it
Source: HotUKDeals | Deals > Travel
Would this make someone happy? Pass it on
Loading
Would you want to be told about this? Share it
Source: HotUKDeals | Deals > Entertainment
Know someone who'll love this? Share now!
Loading
Share this with somebody now
Deal
Sherwoods Curry Sauces. Various Flavours
3 stars +115

Sherwoods Curry Sauces. Various Flavours

£0.87 Tesco10 Oct 17
Source: HotUKDeals | Deals > Groceries
Know someone who'll love this? Share now!
Loading
Source: HotUKDeals | Deals > Travel
Would this make someone happy? Pass it on
Loading
Know someone who'll love this? Share now!
Deal
XCOM 2 for the PC
3 stars +199

XCOM 2 for the PC

£11.20 Greenman Gaming10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Know someone who'll love this? Share now!
Loading
Would this be useful? Tell someone
Source: HotUKDeals | Deals > Kids
Spread the word - don't keep it to yourself
Loading
Spread the word - don't keep it to yourself
Deal
Google PIXEL XL 32 GB Sim Free - Black @ Currys Pc World & Carphone Warehouse
3 stars +187

Google PIXEL XL 32 GB Sim Free - Black @ Currys Pc World & Carphone Warehouse

£399.99 Currys10 Oct 17
Source: HotUKDeals | Deals > Mobiles
Spread the word - don't keep it to yourself
Loading
Would this be useful? Tell someone
Deal
The Firm (game) now FREE
3 stars +168

The Firm (game) now FREE

£0.84 Google Play10 Oct 17
Source: HotUKDeals | Deals > All categories
Would this be useful? Tell someone
Loading
Deal
Original Xiaomi Mi Robot Vacuum - LDS SLAM / Intelligent Route / Planning App w/code
Source: HotUKDeals | Deals > All categories
Would this be useful? Tell someone
Loading
Would this be useful? Tell someone
Deal
Bedsheets - King Size/Doubles/Single for kids
3 stars +122

Bedsheets - King Size/Doubles/Single for kids

£2 Poundland10 Oct 17
Source: HotUKDeals | Deals > All categories
Perfect for a friend? Share now!
Loading
Perfect for a friend? Share now!
Deal
Apple Airpods to £129
3 stars +188

Apple Airpods to £129

£129 £159 BT Shop10 Oct 17
Source: HotUKDeals | Deals > Technology
Spread the word - don't keep it to yourself
Loading
Would this make someone happy? Pass it on
Deal
OFFICIAL LEGO STAR WARS 2018 ANNUAL
3 stars +150

OFFICIAL LEGO STAR WARS 2018 ANNUAL

£2.99
Instore Home Bargains10 Oct 17
Source: HotUKDeals | Deals > Kids
Would this make someone happy? Pass it on
Loading
Deal
National Curry Week M&S Indian Takeaway Deal - with decent veggie options too
Source: HotUKDeals | Deals > Groceries
Would this be useful? Tell someone
Loading
Know someone who'll love this? Share now!
Deal
Resident evil origins collection (PS4)
3 stars +128

Resident evil origins collection (PS4)

£13.85 Base.com10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Would this be useful? Tell someone
Loading
Become more popular. Share this now
Deal
TSB credit card 0% on balance transfers for 28 months, fee-free, plus potential cashback
Source: HotUKDeals | Deals > All categories
Know someone who'll love this? Share now!
Loading
Share now with someone who'll love it
Deal
KENWOOD MINI CHOPPER - £6
3.5 stars +281

KENWOOD MINI CHOPPER - £6

£6 £24 Tesco Direct10 Oct 17
Source: HotUKDeals | Deals > All categories
Share this with somebody now
Loading
Deal
JPEG Optimizer PRO with PDF Support now FREE
3 stars +143

JPEG Optimizer PRO with PDF Support now FREE

£1.79 Google Play10 Oct 17
Source: HotUKDeals | Deals > Technology
Would this make someone happy? Pass it on
Loading
Perfect for a friend? Share now!
Deal
PowerAudio PRO Music Player now FREE
3.5 stars +207

PowerAudio PRO Music Player now FREE

£0.89 Google Play10 Oct 17
Source: HotUKDeals | Deals > All categories
Would this make someone happy? Pass it on
Loading
Want it bought for you? Tell someone
Source: HotUKDeals | Deals > Entertainment
Would this make someone happy? Pass it on
Loading
Share this with somebody now
Deal
[Xbox One] Q. u. b. e: Director's Cut on Deals with Gold
3 stars +101

[Xbox One] Q. u. b. e: Director's Cut on Deals with Gold

£2 Microsoft Store10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Share this with somebody now
Loading
Source: HotUKDeals | Deals > Mobiles
Know someone who'll love this? Share now!
Loading
Share this with somebody now
Deal
Kids Foldaway Seat And Storage Box C&C
3 stars +182

Kids Foldaway Seat And Storage Box C&C

£4 £7 The Works10 Oct 17
Source: HotUKDeals | Deals > Kids
Would this be useful? Tell someone
Loading
Deal
Washing up bowl / coloured tub Asda
3 stars +159

Washing up bowl / coloured tub Asda

£0.10 George (Asda George)10 Oct 17
Source: HotUKDeals | Deals > All categories
Perfect for a friend? Share now!
Loading
Know someone who'll love this? Share now!
Deal
Ultimate Rotary Can Opener - WHITE AND GREEN with code
3 stars +141

Ultimate Rotary Can Opener - WHITE AND GREEN with code

£0.68 GearBest10 Oct 17
Source: HotUKDeals | Deals > All categories
Share this with somebody now
Loading
Know someone who'll love this? Share now!
Deal
Pyrex square dish 21cm x 21cm
3 stars +170

Pyrex square dish 21cm x 21cm

£0.50
Instore Morrisons10 Oct 17
Source: HotUKDeals | Deals > All categories
Perfect for a friend? Share now!
Loading
Source: HotUKDeals | Deals > Kids
Would you want to be told about this? Share it
Loading
Source: HotUKDeals | Deals > Kids
Would this be useful? Tell someone
Loading
Deal
Whyte & Mackay Special Blended Scotch Whisky 70cl
3.5 stars +210

Whyte & Mackay Special Blended Scotch Whisky 70cl

£10 Sainsburys10 Oct 17
Source: HotUKDeals | Deals > Groceries
Perfect for a friend? Share now!
Loading
Would this be useful? Tell someone
Deal
Huawei Smart Watch with Link Band Silver
3.5 stars +294

Huawei Smart Watch with Link Band Silver

£149 Huawei Honor Store10 Oct 17
Source: HotUKDeals | Deals > Fashion
Share now with someone who'll love it
Loading
Would you want to be told about this? Share it
Deal
ASUS G11CD Gaming PC
4 stars +361

ASUS G11CD Gaming PC

£499.97 Currys10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Share now with someone who'll love it
Loading
Share now with someone who'll love it
Deal
iPhone lightning cable - super cheap (C&C)
3.5 stars +218

iPhone lightning cable - super cheap (C&C)

£1.97 Currys10 Oct 17
Source: HotUKDeals | Deals > Mobiles
Would you want to be told about this? Share it
Loading
Would this be useful? Tell someone
Source: HotUKDeals | Deals > All categories
Would you want to be told about this? Share it
Loading
Deal
Xbox One Elite controller PLUS either Middle-earth: Shadow of War or Forza Motorsport 7
Source: HotUKDeals | Deals > Entertainment
Would you want to be told about this? Share it
Loading
Know someone who'll love this? Share now!
Deal
Lego Friends Calender
3 stars +168

Lego Friends Calender

£15.98
£3.99 P&P + options Amazon UK10 Oct 17
Source: HotUKDeals | Deals > Kids
Would this be useful? Tell someone
Loading
Deal
Double LEGO VIP Points
3 stars +179

Double LEGO VIP Points

Lego10 Oct 17
Source: HotUKDeals | Deals > Kids
Share now with someone who'll love it
Loading
Would you want to be told about this? Share it
Deal
Graco Fast Action Fold Travel System in Bowtie Bear @ Tesco Direct (more in OP)
3 stars +106

Graco Fast Action Fold Travel System in Bowtie Bear @ Tesco Direct (more in OP)

£98 £200 Tesco Direct10 Oct 17
Source: HotUKDeals | Deals > Kids
Would this be useful? Tell someone
Loading
Deal
Gears Of War 4 Steelbook Edition (Xbox One) (Open Box)
3 stars +129

Gears Of War 4 Steelbook Edition (Xbox One) (Open Box)

£12.99 Studentcomputers.co.uk10 Oct 17
Source: HotUKDeals | Deals > Entertainment
Would this be useful? Tell someone
Loading
Share this with somebody now
Deal
The Body Shop Sale Now On Plus 50% Code when you spend
3.5 stars +288

The Body Shop Sale Now On Plus 50% Code when you spend

£40
Free P&P 10 Oct 17
Source: HotUKDeals | Deals > Fashion
Perfect for a friend? Share now!
Loading
Want it bought for you? Tell someone

Top rated

from the last