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Millions of Americans regularly purchase Powerball tickets, but there’s a better way to gamble on the lottery. You can try Powerball betting online, which is different from the lottery and this article’s subject.
I want to explain how and where you can bet on Powerball online and provide you with realistic expectations of what’ll happen. You can’t win the jackpot, but the overall returns will be better if you pick that route.
What Is Powerball Betting?
Powerball betting allows you to bet on different outcomes of the lottery as you would bet on the different outcomes of a sporting event. The main difference is that the numbers are truly random, so it’s more like a casino game such as roulette.
Just pick the options you like, place your wagers, and hope for the best when the Powerball numbers are drawn.
How to Bet on the Powerball Lottery Online
I now want to discuss the different types of bets you can make when it comes to Powerball betting online. You’ll discover that the markets aren’t much different from what you’d expect when wagering on other events or competitions!
- Over/Under. This type of bet requires you to guess if the Powerball number will be over or under a certain value. In most cases, the over/under is 13.5, with nearly even odds (-110) available for both choices.
- Exact Powerball Number. You can also bet on what the exact value will be for the Powerball number. This particular market offers you the opportunity to secure a much larger profit (each number is typically available at +2200 odds).
- Even/Odd Number. This one is very similar to betting the over/under in the sense that there’s also a 50/50 outcome. You have to guess if the Powerball number will be an even or odd number.
- Numerical Ranges. You also have the option to bet on different numerical ranges for the Powerball number. They include 1 to 5, 6 to 10, 11 to 15, 16 to 20, and 21 to 26. The odds are the same for every numerical range except for 21 to 26 because there’s an extra number.
Betting on Powerball online is available through multiple different bookies. Many of you will probably ask why you would do that instead of purchasing tickets.
Why Bet on Powerball?
Purchasing a Powerball ticket could earn you a grand prize worth millions of dollars. However, Powerball betting is better because there’s a greater chance that you’ll win money. The average margin from a Powerball bookie is 5%, which is way better than the Powerball lottery itself.
There’s no fixed return percentage on the tickets you buy because they depend on the jackpot. Even if it’s very high, you are still expected to lose something like 20% of your money. For lower ones, that number could skyrocket to 70%.
Once again, a reminder that betting on Powerball numbers online will only cost you $5! The downside is that you can’t win the jackpot, but is that really on the table anyway?
The odds of winning the Powerball jackpot are 1 in 292 million, which means that your chances are extremely low. Winning the grand prize just isn’t going to happen, and you’re better off betting on the outcome instead.
You will still enjoy the thrill of the draw, some markets return solid prizes (20x your bets or more), and you have a higher chance of winning. If you want to give it a try, the next section can help.
Where to Bet on Powerball Online?
Everygame is one of the best bookies out there that allows you to bet on the Powerball lottery. They offer fair prices on all the markets in their Powerball coverage. Everygame pays special attention to every Powerball edition.
You can also take advantage of a generous welcome bonus available through Everygame. You can claim up to $750 with your first three deposits, and the bonuses come with a very low playthrough requirement (4x). If you’re ready to bet on Powerball online, then visit Everygame to get started!
