Everyone dreams of winning a fortune just off a few bucks, and two of the most popular ways of trying to win an instant fortune is through slot machines or through the lottery. Not everyone has the privilege to work for big companies or to run their own lucrative businesses, but everyone has access to these two, and their lasting popularity is a reflection of the wide number of people who still dream of hitting that jackpot and changing their lives in the blink of an eye.

It may seem like the lottery and slot machines are just two sides of the same coin. They’re basically both games of pure luck where you put in your money and expect that money to turn into hundreds of thousands, or even millions, in almost an instant.

Unlike other games where there’s skill involved, such as blackjack or poker, slot machines and lotteries only need you to cash in and perform mindless actions such as hitting on spin or picking a set of numbers, and luck will decide whether or not you’re a winner.

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However, there’s still a huge difference between slots and the lottery, and there’s a case to be made that you’re better off spending your money on the lottery than on slot machines. Both offer practically the same potential result, which is a life-changing sum of money, but there’s a stark distinction between the two as regard to the means of giving yourself the chance to get that money.

When you look at these distinctions, it is apparent that the lottery takes the cake and that you should instead be spending your slot machine money for lottery tickets instead.

Less Costly to Play

Playing at a slot machine can generally cost you as low as 25 cents per spin, with the higher-end and higher-paying slots requiring up to a $5 wager for every spin. On the other hand, a lottery ticket such as the Powerball’s would cost you $2 to $3 per ticket.

Now, it may appear like slot machines are cheaper since there are slots with spins that cost less than a lottery ticket, but remember that you aren’t going to be plying the slots for just one spin. More often than not, you’ll be spending at least half an hour, if not hours, just spinning away in hopes of winning that jackpot. It wouldn’t take that much time for multiple spins to accumulate that you end up spending more on the slot machine that you’d spend for three lottery tickets, even considering the minimal amounts you can win outside the jackpot when playing slots.

Simply put, you’d be saving more money if you avoided the slots and went for the lottery instead. Not to mention that lotteries generally give you a bigger bang for your buck if you’re fortunate enough to win.

Immense Lottery Jackpots

Everyone who spends money at the slot machine or on lottery tickets have only one goal – to hit the coveted jackpot. Slot machines usually give out hundreds of thousands of dollars in jackpot prizes, with some of them, particularly those with higher bet sizes, offering upwards of a million dollars.

On the other hand, the lottery has had jackpots reaching a whopping 1.586 billion dollars. Imagine that. Someone just spent $3 and won upwards of a billion dollars. Now, if you had spent those $3 on a slot machine and won the jackpot there, wouldn’t you wonder how better things would be if you won the lottery instead?

Can Be Played at Many Convenient Locations

Slot machines require you to go to the local casino for you to play, and some areas are unfortunate to have the nearest casino be an hour’s drive away. This would not be your problem if you chose to buy a lottery ticket instead.

You can purchase a lottery ticket practically anywhere. Gas stations and convenience stores are always around and you can even just simply drop by and buy the lottery ticket as you go with your day. This is way more convenient than going to the casino. Although you can now playslots in online casinos, there’s still the factor of having to spend a considerable amount of time on the slots.

You Don’t Need to Invest Much Time

More than your money, time is a resource you would never want to waste. Slot machines require you to watch for hours on end as they spin while you hope that everything lines up for the jackpot.

Meanwhile, buying a lottery ticket will take less than 5 minutes of your time and you’d simply have to wait for the announcement of the lottery numbers without having to invest your time in it. After buying your lottery ticket, you can go about your day as you normally would. This is unlike slots which take up your precious time which you could’ve instead spent working on something you love or resting.

It may look like a regular slot machine and play like one, but a video lottery terminal differs quite a bit in terms of how winners are determined.

VLT gaming machines are usually equated more with games like bingo, pull-tabs, scratch-offs, or lotto than they are with slot machines. This is because there are a pre-determined number of winners, and players are competing with each other for a prize rather than against the house. There is also not necessarily a winner in each game.

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Video Lottery Terminals (Class II machines)

VLTs are most often found in Indian gaming casinos or “racinos” (location with both a horse racetrack, as well as a casino). Each machine or terminal in a casino is linked together, forcing players to compete against one another for the prize, and with a set number of wins and losses, the group of machines is preprogrammed to payout at specific times.

The only catch for VLT machines is that players must announce their win in order to get the payout because the games are interactive. Although not every game has a winner, the game will be ongoing until a winner is determined.

As indicated by the name, video lottery winners are determined much like a lottery scratch card. Basically, when a game starts on a VLT, the system the machines are connected to randomly chooses a “scratch-off ticket” from those that remain. Once it receives the information regarding the winner, it sends the results to the VLT to reveal the winner, typically in some entertaining way.

Winning at VLT Machines

Obviously, the machine doesn’t have the ability to actually scratch off a ticket, but it does choose the winner from a pool, similar to a lottery ticket. Once all the outcomes in a pool are chosen, the central system receives a new pool.

The payouts can be slightly different on VLTs, as well. According to readybetgo.com, “The final results wouldn’t be noticeably different if the RNG simply picked one number from a group of numbers. Thus the mathematic methods of supplying the decisions in VLTs may be radically different than traditional RNG methods. But in the end, 1 in 10 is still 1 in 10, and 1 in 5,000 is still 1 in 5,000.” The artible goes on to explain that the reason VLTs can be slightly tighter is that they’re offered in areas where there is little competition. In fact, the typical payout is anywhere from 85% to 92%. So, if you’re playing in a casino that offers both VLTs and traditional slots machines, you’re probably better off with the latter.

Slot Machines (Class III)

Slot machines often referred to as “Vegas-style” or traditional slots are the machines you’re probably used to playing. Each traditional slot machine in a casino plays independently from other machines. The only way in which they are linked is usually in terms of the jackpot, but this is only for progressive networks.

Contrary to popular thought, there is no way to know if a certain machine is “hot.” The typical belief is that if a machine has just paid out, you shouldn’t play on it. This is simply not true. Because of the Random Number Generator, each machine has exactly the same likelihood of paying out. Unlike VLTs, slot machines are also not preprogrammed to pay out at any time, so you always have a chance at the jackpot!

When Do You Win?

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To put players at ease who may have abandoned a machine in the past only to watch it pay out for the next player, you must understand that RNGs are programmed down to the millisecond, so the odds of winning if you had stayed are low. Because of this, the lever must be pulled at almost the exact time the winning number is generated.

Best Time To Play Slot Machines

Unlike VLTs, slot machine wins are immediate, and winners don’t have to announce their win to receive a prize. Although, I wouldn’t discourage any hooting and hollering if you’ve just landed a $10,000 jackpot. You earned it.