Odds & Prizes - Introduction to the Lottery Industry's Games

This e-learning provides a clear introduction to the role of odds and prizes in lottery games. 

Across two videos, it explains the mathematical foundations of probability, the design of game matrices, and the structure of prize tiers. 

Learners will explore how odds are calculated, how different formats appeal to player behaviours, and how psychology and market dynamics shape number selection. 

The course also highlights how effective prize design balances player excitement with sustainability and regulatory requirements.

Learning Objectives

By the end of this module, you will be able to:

• Explain the role of probability in lottery design and prize distribution.

• Recognise how different game formats are structured to appeal to diverse player behaviours.

• Describe how odds are calculated in common lottery games.

• Identify factors that influence the design of prize tiers and game matrices.

• Understand how psychology and market dynamics affect number selection and engagement.

• Assess how lotteries balance player excitement with operational sustainability and regulatory compliance.