5 Guaranteed Lotto Raffle Millionaires this Saturday?

[Deisel Weisel]

There’s usually only one for each wed/sat draw. I can see no explanation on the NL website. Is this a regular thing? The last time I checked, the raffle millionaire draw gave the best odds for winning a life changing amount of money, especially on Wednesday when less tickets get sold.

Link: http://tinyurl.com/j37mk5p

[TTmonkey]

Basically what's happening is they are giving away the 'excess' money that people are no longer winning on the lesser prizes. So they have to give 50% of the take back in prizes. But since the big design change, the amount of money they give away in lesser prizes has fallen dramatically - they give back around 40% less in prize money for £25 prize for example.

This means they are constantly failing to give away their 50% of the income, therefore they have to 'invent' more raffle prizes to get rid of it.

This is why the Lottery has created far more millionaires since the rule change than in the same period before the change. one week they had 20 £1 mill prizes I think.

[J4CKO]

I think its a good move if it means more people get a decent amount, nobody gives a toss about £25 and 66 million at huge odds, but a realistic chance of winning a million to me is why I still bother, enough money to make a difference and set my kids up but without completely derailign my current life and make me give up work.

[Guvernator]

Agreed, the odds for the jackpot are so huge, you have more chance of getting hit by lighting, twice, plus a big win would probably ruin any chance of a normal settled family life for me as I'd be far too weak willed with that amount of money at my disposal.

£1m however would be perfect although I'd probably give up work within a few months once I'd paid off the mortgage and sorted out some investments to provide me with enough income.

[J4CKO]

I would perhaps go four days a week at work if they would let me.

Do 100k's worth of work to the house, no mortgage so good there.

Few quid on cars, but nothing too daft that will depreciate massively, okk you have a million, can soon waste that, will keep my usual principles.

Nice holiday or two, fly business once or twice.

Put some away for me and the wife, 100k each for the kids, invested to get then on the property ladder, buy them a decent car each as and when they need.

Few new clothes and perhaps a nice, but not ridiculously expensive watch, couple of grand but something that will not lose too much if I decide I need the money.

Go to more events and concerts

Invest

Then just enjoy the security and options that having a wad of cash in the bank brings

I did win a car when I was 18 so had a taste of ten grand or so, back in 1988, I had no money and ended up with that, really enjoyed it, holidays, trips, clothes, aftershave, leather jacket, commodore Amiga, phone for my bedroom, all sorts, it was great and it enabled me to bin my job and go to college to do computer studies and I know work in IT so dont underestimate how much well used cash can have a knock on even 20 odd years later.

[Pork]

Deisel Weisel said:

There’s usually only one for each wed/sat draw. I can see no explanation on the NL website. Is this a regular thing? The last time I checked, the raffle millionaire draw gave the best odds for winning a life changing amount of money, especially on Wednesday when less tickets get sold.

Link: http://tinyurl.com/j37mk5p

Being cynical, I suspect it's because they know far less people would play this week than played last week so this might hook people in. Given they had a huge bumper week (or weeks!), as has been said, they may also have excess money they are obliged to give money away.

What I think is a shame is quite how many raffle prizes go unclaimed. There's alway £1m prizes going unclaimed, I'd love to know how many £20k raffle prizes have gone uncollected.