One of the most appealing aspects of gambling is that it provides the opportunity to win big. You can earn millions of dollars through certain games.
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Of course, you have to choose the right forms of gambling to play for fortunes. The following seven games give you the strongest chance of getting rich.
1 – Lottery
No type of gambling has created more millionaires than the lottery. Mega Millions, Powerball, EuroMillions, and SuperEnalotto are particularly notable for how many people they’ve made wealthy.
Powerball has paid out the two biggest jackpots in lottery history. It delivered a $1.57 billion payout in January 2013 and a $758.7 million prize in August 2017.
Mega Millions has also paid some notable windfalls, too. It delivered a $656 million payout in March 2012 and a $648 million prize in December 2013.
One reason why lotteries are able to build such massive prizes is their user-friendly nature. You need only pay for a ticket(s) and pick your numbers to play.
Actually, you don’t even need to choose your numbers. Instead, you can opt for the quick-pick option and have the machine generate numbers for you.
The lottery requires no skill to play and features life-changing payouts. The only drawback is that lottery payout percentages are awful.
On average, you’ll only win back $0.50 for every dollar wagered. As long as you’re fine with this, though, then you can still look forward to some excitement through lotteries.
2 – Slot Machines
Slots are similar to lotteries in that they’ve created plenty of millionaires. In particular, Las Vegas’ Megabucks, Microgaming’s Mega Moolah (online), and NetEnt’s Mega Fortune (online) have made lots of people rich.
Megabucks holds the record for the largest slots jackpot ever. In 2003, an anonymous software engineer won $39.7 million through this game at Las Vegas’ Excalibur casino.
Slot machines require you to insert money and spin the reels for prizes. You can increase your bet size in hopes of winning larger payouts.
Much like the lottery, slots don’t require any true strategy. The main strategy is to look for games with high return to player (RTP) and properly manage your bankroll.
Most online slots offer around 96% RTP. Slot machines in land-based casinos only pay between 90% and 95% on average.
3 – Poker
Poker is one of only two games on this list that can offer long-term profits. By improving your skills, you subsequently boost your chances of winning over the long haul.
But as much skill as this game involves, it also features a ticket to riches in poker tournaments. Some tourneys have multimillion-dollar prize pools and offer seven-figure payouts at the top.
The World Series of Poker Main Event is a perfect example of such a tournament. It has offered a $1 million prize or larger to the champion every year since 2019.
Pros have dominated the Main Event in recent years. But amateurs sometimes get lucky and take down this prestigious tourney.
Chris Moneymaker is the most famous example. After winning his $10k Main Event seat online, the accountant and amateur player won the 2003 WSOP ME and $2.5 million.
Jamie Gold is another example of the dozen-plus amateurs who’ve triumphed in this tournament. The Hollywood talent agent won the 2006 WSOP ME and $12 million.
High-stakes cash games offer another route towards winning big in poker. However, you must be quite skilled to grind your way up the ladder and into these games.
4 – Daily Fantasy Sports
Although not as popular as it was several years ago, daily fantasy sports (DFS) still delivers some big prizes.
Case in point, DraftKings holds a $10m NFL Millionaire Maker contest that pays the winner $2 million. Not far behind, FanDuel offers a $6m NFL Sunday Million that delivers $1 million to the champ.
Aside from the huge events, DFS is a skill-based game. It’s also similar to poker tournaments in terms of structure and prize money.
Your knowledge of professional athletes’ values will help you maximize your lineups. You can also submit multiple entries into guaranteed prize pool tournaments to increase your chances of winning.
The only problem is that DFS pros do most of the winning. However, you can still take a shot at the huge tourneys even if you’re not the most skilled at daily fantasy.
5 – Bingo
Bingo is the most underrated gambling game that can make you rich. One reason for this is the typical setting, which, in America, often involves a church basement.
In reality, commercial bingo is big business. Connecticut’s Foxwoods Resort Casino has been so successful with the game that they’ve built a 3,600-seat bingo hall.
The largest bingo operations are able to offer massive prizes that might shock you. In some cases, players can even become millionaires with the right games.
John Orchard is the biggest bingo winner of all time. The Brit scooped a £5.9 million payout at an online bingo site in December 2012.
Orchard was a 60-year-old job center worker prior to his massive jackpot. After winning a multimillion-pound prize on a 30p bet, he was finally able to retire.
Most bingo prizes aren’t quite as large as Orchard’s windfall. However, his story shows what’s possible with the biggest games.
6 – Progressive Blackjack
Blackjack is one of the more strategic games in the casino. It gives you a solid chance to beat the house with correct strategy.
However, blackjack can also offer progressive jackpots. Such games deliver the progressive prize if you get the right combination of cards.
You can also look forward to smaller side payouts. Here’s a common setup for progressive blackjack payouts:
- Four suited aces – Jackpot
- Three suited aces – 5,000x the side bet
- Four aces (mixed suits) – 2,500x
- Three aces – 250x
- Two suited aces – 100x
- Two aces – 50x
- One ace – 5x
You must make a $1 side bet to qualify for the jackpot in most cases. This is a small price to pay when considering that certain prizes can be worth more than $250,000.
As for the jackpot, you need to be dealt four suited aces in consecutive order. If your first two cards are suited aces, then you’d want to keep hitting in pursuit of the top prize.
7 – Caribbean Stud
Caribbean Stud Poker is another card game that can offer large jackpots. In fact, this game is well-known for its progressive payouts.
Beginning with the basics, Caribbean Stud involves trying to get a better poker hand than the dealer. Assuming you make the separate $1 side bet, you’re also hoping to qualify for the jackpot.
Each round begins with you receiving five face-down cards. The dealer also receives five cards, including four face down and one up card.
You can fold and surrender your ante bet at this point, or you can double your ante wager. From here, a series of things can happen based on your hand and the dealer’s hand.
What’s more important to our discussion is what happens with the side bet. You win 100% of the jackpot with a royal flush. Meanwhile, you collect 10% of the jackpot with a straight flush.
Some progressive jackpots are worth over $200,000. That said, you’ll find the $1 side wager worth making.
Conclusion
You may not enter every gambling session with dreams of being a millionaire. But you’ll certainly appreciate having the opportunity to get rich when the mood strikes.
Several games offer payouts worth six or seven figures. The lottery trumps everything else in terms of pure windfalls.
One Powerball payout broke the $1.5 billion barrier. Several other lottery prizes have been worth well over $500 million.
Real money slot games also offer impressive payouts. Megabucks once paid nearly $40 million, while Mega Moolah delivered a $21.5 million prize.
Poker features huge payouts through tournaments. The WSOP Main Event commonly delivers prizes worth millions of dollars every year.
DFS is somewhat similar to poker in terms of its skill and tourney formats. Daily fantasy features plenty of multimillion-dollar payouts during the NFL season.
Bingo is the most-surprising inclusion on this list. It too can drum up seven-figure payouts, including the £5.9 million prize that John Orchard collected in 2012.
Blackjack and Caribbean stud don’t feature $1 million jackpots. However, their top prizes can reach six figures.
As you can see, the gambling world offers plenty of variety when it comes to chasing jackpots. Therefore, you can pick and choose your favorite games when trying to win big.
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20 members have voted
At the end of the day, I think the lottery is a tax on the mathematically challenged. All I can do is try to teach some math and hopefully save at least some people from wasting their money on the sucker bet that the lottery is.
And you are good at it. Have the casinos offered to pay you to just shut-up?
If somebody will get equal entertainment value between betting $20 on the lottery as $200 on slots, then, yes, you'll lose less money on average on the lottery. However, I'm a math guy. I view the house edge as the cost for playing. I will strive for the most action at the least possible cost wherever I can.
Sorry if this sounds like I’m arguing semantics.
But the cost of playing a negative expectation game is the amount wagered minus the EV of that wager.
It probably takes less than 20 minutes to run more coin through a slot machine than what even a heavy lottery player wagers in a week.
I think it’s somewhat misleading to the mathematically challenged general public and Nathan to say that slots are a better deal.
That’s just my opinion, I’m not trying to ruffle any feathers.
Administrator
It probably takes less than 20 minutes to run more coin through a slot machine than what even a heavy lottery player wagers in a week.
I've never been big on factoring time into the equation. I'll mention it casually, but it doesn't figure into my math. Anyway, I think any disagreement we have is semantic in nature. I suggest we drop it.
If your point is that slots are a better value than the lottery, then you're absolutely right.
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I was actually implying that The Lottery is a better game than Slots. I won $18 on multiple lines on a slot game at .50. I won $100 on .50 on a Lottery game.Administrator
I was actually implying that The Lottery is a better game than Slots. I won $18 on multiple lines on a slot game at .50. I won $100 on .50 on a Lottery game.
Let's just agree to disagree, shall we?
new jackpot estimated at $868M
no one won.
new jackpot estimated at $868M
Come on they can’t find an extra 132 mil to toss in ?
1 billion jackpot headlines would be huge
If you are trying to quantify the overall entertainment/enjoyment of a losing $2 ticket, you also have to subtract the disappointment afterwards.
And if you say there is no disappointment because you never really believed you had a chance to win , then the net entertainment value is zero.
can you elaborate cause I cant wrap my head around the net being zero?
You buy a ticket, but you feel you have zero chance of winning. The drawing occurs, you don’t win.
Where’s the high and low here? Where’s the enjoyment? There’s no rush, no joy. Only a loss of $2. A lottery ticket is never “close to winning”. You either won or lost in a blink.
Take blackjack on the other hand. I can get dealt 20 and I’m happy. Dealer makes 21, I’m upset. It’s a rollercoaster. Highs and lows. Card by card adrenaline rush.
Come on they can’t find an extra 132 mil to toss in ?
1 billion jackpot headlines would be huge
868 millions is still phenomenal. Let's put this into perspective. Vince McMahon has had a successful Wrestling Company for roughly 36 years. Vince is worth roughly 3 and a half billions. So, just for $2, you win almost a quarter of what a CEO of a successful CEO in business for roughly 36 years is worth. A quarter of 3.5 billion is a really huge chunk(To be fair, you actually win more like 500 million after taxes, so more like 15 percent of Vince's net worth, which is still a really huge chunk even after taxes, ;)
no one won.
new jackpot estimated at $868M
Saw that. Unbelievable. I remember when a few million made people run to buy tickets.