The top prize is small compared to national lotteries. California Fantasy Five Odds: Jackpot = 1 to 575,757.Florida Fantasy Five Odds: Jackpot = 376,992.Now compare those odds to Fantasy Five odds: These odds are very long even though you have reasonable odds of winning something (1 to 24 or 1 to 25), remember that a “win” is much more likely to be two dollars (about 1 to 37) than any of the higher value prizes. Power Ball (Five numbers between 1 and 69 One number from 1 to 26 You choose 5 + 1): Odds of jackpot = 1 to 292 million and overall odds = 1 to 24.7 ( How Power Ball Odds are Calculated).( How Mega Millions odds are calculated). Mega Millions (Five numbers between 1 and 70 One number from 1 to 25 You choose 5 + 1): Odds of jackpot = 1 in 302.6 million and overall odds of a prize = 1 in 24.What matters is the number of balls in play and the number of balls you are allowed to choose. The odds are calculated with a combinations formula and the multiplication rule combinations are the number of ways the numbers can be arranged and the multiplication rule allows us to calculate probabilities for independent events. What’s important here is it does not matter how many people enter these games (other than the possibility you may have to share your winnings). Let’s take a look at the probabilities and compare your odds of winning national lotteries to your Fantasy Five odds. The odds of winning a jackpot in a national lottery are so slim (one in several hundred millions), that it’s often a better bet to play the state lotteries, like Fantasy Five, instead of the national ones.
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