Lottery vs Scratch Cards: Which Has Better Winning Odds?

Ever wondered whether scratch cards or lottery tickets offer better odds of winning for New Zealand players? While scratch cards can be enjoyed without spending a huge amount and are games of pure chance, many people prefer skill-based games, especially online.

In terms of potential profit, lottery tickets offer a greater jackpot than scratch cards. Unfortunately, the odds of winning a major lottery are astronomically low, making it highly unlikely that you'll ever hit the big one. Scratch cards, on the other hand, tend to have smaller jackpots but more frequent payouts, making them a potentially better bet financially than playing the lottery for some.

This article explains how scratch cards work, your odds of winning, how much you can potentially win, and how you'll be paid if you're lucky.

What Are Scratch Cards, Eh?

Scratch cards, also known as scratch-offs or scratchers, are a type of game of chance similar to the lottery, but they are much easier to play and offer instant prizes. Scratch card games are sometimes referred to as instant games because of this reason.

Both the designs and the games played with scratch cards can be varied. Still, the process for winning on a scratch card is pretty much the same no matter the product: simply scratch off the silvery coating to reveal your prize.

In most cases, the prizes offered by scratch cards aren't anywhere near the mega jackpots offered by lotteries. Wins can start from a few dollars and, on the higher end, reach thousands or even millions across New Zealand.

It's easy to get your hands on scratch card games; you can buy them at many retail locations. While a basic lottery ticket might cost a few dollars, the price of some scratch cards can go up to $20 or more. The more expensive cards typically come with larger potential prizes for players in NZ.

Scratch Cards vs. Lottery Games for Kiwis

Lotteries often involve selecting numbers from a predetermined pool of up to 69 digits.

After making your decision, you'll need to fill out a play slip with your chosen numbers and give it to a lottery representative. The clerk will enter your choices into a computerized system, which will then print a lottery ticket to match your slip.

Lottery drawings normally occur twice weekly, usually on Saturdays and Wednesdays. Lottery officials utilize a specialized machine pre-loaded with balls bearing all of the numbers during the draw.

The balls are released from the machine at random. You are awarded the jackpot if all the numbers printed on your ticket are an exact match for the numbers printed on one of the balls that the machine has pushed out. The sequence in which the numbers appear on your ticket is irrelevant.

If more than one individual guesses the winning numbers, the pot will be divided proportionally among them. If there is no lucky winner, the jackpot increases until the following drawing. A larger jackpot usually means more people will participate in the next draw in the hopes of winning a piece of the pie.

Understanding Scratch Card and Lottery Odds

Scratch Cards: A Game of Chance

Scratch cards offer a straightforward gamble: you buy a card, scratch off the surface, and see if you've won a prize. The odds of winning are determined by two factors: the total number of tickets produced and the number of prizes. For instance, if a game releases 20 million tickets and offers 6 million prizes, the odds of winning any prize are approximately 1 in 3.33. However, these odds vary as tickets are sold and prizes are claimed.

Many lottery organizations provide information on the number of claimed and unclaimed prizes, which can help you understand your current chances of winning. Generally, the odds of snagging the top prize in a scratch card game are long - often 1 in a million - while the odds of winning smaller prizes are more favorable.

Lottery Odds: A Deeper Dive

Lottery games, such as Lotto 6/49 or Powerball, require players to select numbers from a large pool, with winners determined through random draws. The odds of winning vary significantly based on the game's rules and the size of the number pool. For example, in Canada's Lotto 6/49, the odds of hitting the jackpot are 1 in 13,983,816. This requires matching all 6 numbers from a pool of 49.

In contrast, Powerball and Mega Millions in the United States use larger pools of 69 and 70 numbers, respectively. The odds of winning the Powerball jackpot are about 1 in 292.2 million, slightly better than the 1 in 302.5 million odds for Mega Millions.

Are Scratch Cards Better than the Lottery?

It's important to note that while the lottery offers bigger payouts, the odds of winning are much lower than scratch cards, where the worst-case scenario odds are 1 in 12. Both lotteries and scratch cards are designed in such a way that the smaller prizes are more frequently won. Your chances of selecting one correct number out of a group of six numbers are better than your chances of selecting all six numbers correctly.

Scratch cards have a significant discrepancy in the number of cards printed for the smaller rewards compared to the number of cards printed for the larger prizes. Consequently, most scratch cards with a winning ticket will only be eligible for smaller amounts.

Based on the odds of winning any prize in a lottery or scratch card, which are one in twenty-four and one in twelve, respectively, it's highly probable that you'll win a prize if you purchase one of these games at least once every twelve purchases.

It's worth remembering that the easiest prizes to win are $2. This means that the odds of 1 in 24 and 1 in 12 will most likely result in a $2 win. Additionally, investing the same amount of money in both lottery tickets and scratch cards will double your money on the latter.