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If you’re searching at the simplest lottery to win any prize on, then you’re better sticking with the previously mentioned Thunderball or the EuroMillions game. The odds of winning and prize structure are a little more complicated where the EuroMillions game is involved. This is the oldest lottery in the UK, being the one that started out in 1994.

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If you hold the highest £50,000 in Premium Bonds – the odds are 1.24 million to one for the £1 million prize. The more Bonds you hold, the more probable you are to win a reward. Premium Bonds are the nation’s most favored savings product, with more than 22 million individuals holding them. That said, the flow of time will of course reduce the value of the reward as each year ticks by and price increase devalues the pound.

Michael, 61, who resides in Kent, first registered up to the complimentary online postcode lottery in 2016 and has visited the website almost each day since to see if his postcode had been selected. "The entry page (abclimoservice.ch) fee versus the payout is important to consider. Some draws ask for £10, £20, or more per entry, and if there’s only a handful of winners, it’s probably not great value," says MrBetting.co.uk. Winners can live in the house, rent it out or sell up and keep the cash. The odds of winning vary as it depends on how many entries are submitted. The odds of winning are about 1 in 27,000 – which is similar odds to getting between three and four numbers on the Euromillions.

Brands such as UK National Lottery, Euromillions, Thunderball, Health Lottery and Postcode Lottery. There are a few key features of traditional lotteries - firstly, some proportion of profits go to charitable and good causes. The UK National Lottery donates 28% of ticket sales to good causes, the Health Lottery donates 20% and the Postcode Lottery donates 32%. Secondly, the jackpot is based on ticket sales - the more people play the bigger the jackpot. Approximately 70% of the UK population play the lottery - that’s a whopping 45 million people. It’s easy to see why so many of us love the lotto - it’s an opportunity to turn a tiny amount of money into a life transformative sum.