Lotto 6/55 Jackpot Hits P367M, What are Your Chances of Winning?

Prices of food and fuel are rising and wages have not risen enough, if at all, to help pandemic-weary Filipinos cope. That's why many are trying their luck with the PCSO Lotto, whose 6/55 jackpot swelled to P367 million on Thursday.

It's pure luck. Choosing six numbers from 1 to 55 gives a single bettor a one in nearly 29 million chance of winning the pot, based on calculations. 

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Let's say you want to try all the combinations possible, at P20 per ticket, you will need to spend P580 million to win P367 million, that's a P213-million loss on the gross amount.

The entire P367 million would be more than enough for a new house and lot, a condo, a car, a European vacation and an investment portfolio -- assuming the bettor wins.

If the bettor loses, which is more likely, that's P20 less for fare and lunch for the day.

Statistically, the odds of a person getting hit by lightning is higher. According to the U.S. National Weather Service a human being, given an 80-year-lifespan, has a one in 15,300 chance of getting struck by lightning.