Hospital lotteries have grown to be more popular then ever in Canada. That's because, not only do you be able to win many terrific prizes, nevertheless, you get to donate money into a worthy enterprise - The hospital. And, the cash would go to worthy hospital causes, like cancer research. But, obviously, the lottery should sell tickets and plenty of of which practice it by claiming to offer the best possiblity to win millions of dollars. That means, based on them, when you are searching for the very best odds to win hundreds of dollars, you should get a hospital lottery ticket as opposed to a regular lottery ticket.
Is this true? Is playing hospital lotteries your better chance at winning hundreds of dollars? The answer is both it all depends. On the surface, these lotteries offer the top chance at $1 million. Let's look at one example. One of the most popular hospital lotteries in Canada would be the SickKids Lottery. Tickets cost $100 each and they also print at the most 99,500. If all printed tickets are purchased, then your chances of winning the $1 million grand prize can be 1-in-99,500. That's actually amazing odds therefore you can't beat that.
But, naturally, the SickKids Lottery only offers the most beneficial odds on the outside. Let's dig somewhat deeper. For the $100 which you buy the SickKids ticket, you might buy a lot more regular lotto tickets. Take for example the Ontario 49 game and that is purchased in the province of Ontario. Tickets cost 50 cents each as well as the game provides a jackpot prize of $1 million. That means that with the $100 you dedicate to a SickKids ticket, you may buy 200 Ontario 49 tickets. The probability of winning the Ontario 49 jackpot for a passing fancy ticket are 1-in-13,983,816. But, since you can buy 200 tickets, that will improve your odds to 1-in-69,919. Those are better odds versus the SickKids lottery at 1-in-99,500.
So that's it, playing a hospital lottery isn't your very best self chance at winning one million dollars. However, the here funds which you invest in tickets goes into a good cause and so it continues to be more than worth it to try out.