The mention of a gambling problem may conjure up thoughts of a gambler emptying their bank accounts and savings to play Lotto Max online. But truth be told- playing an online lottery is a form of gambling. However, there’s no harm in grabbing some tickets for fun and a chance to win more money.
The number of Canadians who participate in Lotto Max and win a jackpot every year is extremely low compared to those who lose. Considering that the actual odds are small, players should plan their betting budget based on the probability of winning to avoid overspending.
Lotto Max may have a slim chance of winning, but is the cost worth the potential prize? Taking a look at the odds of winning for different matches, here are the figures.
Price Ticket of C$5 in Three Selections
- Main Jackpot: 33,294,800
- MaxMillions 7/7: 33,294,800
- 6/7+ Bonus number: 4,756,400
- 6/7: 113,248
- 5/7+Bonus number: 37,749
- 5/7: 1,841
- 4/7+Bonus number: 1,105
- 4/7: 82.9
- 3/7+Bonus number: 82.9
- 3/7 ($5 Free Play): 8.5
- Any prize: 7
For MaxMillions, unless the player matches 7/7 numbers, they cannot win a secondary prize. If there is no winning ticket, the main jackpot will be carried forward to the subsequent drawing. In the case of multiple winning selections, the overall prize is shared accordingly. It should be noted that the 4/7, 3/7, and 3/7+Bonus are part of the Prize Fund while the rest are paid from the Pool’s Fund.
Price Ticket of C$1 in Four Selections
The Extra ticket, which costs an additional C$1 pays as follows.
- 1/4: 6.8
- 2/4: 141
- 3/4: 9,906
- 4/4: 3,764,376
The top prize for Extra is C$500,000. Every winner gets the full amount even in the event of multiple winning numbers.