It sounds too good to be true… Free money… Especially on the internet. However, in today’s post, we’re going to be taking a deep dive look at one of the latest trends taking over the internet; free post code lottery draws.
Are Free Post Code Lottery Draws Really Free?
Over the past decade or two, we’ve become wise to internet scams. However, the free post code lottery isn’t a scam.
It’s completely genuine. They pay out just like they say they will, and it really is 100% free!
The company makes enough money to both operate and pay users a prize thanks to ads from the website.
With a new winning postcode being drawn every day, you’ll be prompted to check the website to find out whether you’ve won.
That visit creates something known as an impression. Those impressions on adverts within the website create revenue from the advertises which in turn is going back to the visitor(s) in the sense of a prize pool.
Is It Worth Taking Part In A Free Post Code Lottery Draw?
At the time of writing, there are 1,750,000 postcodes in the United Kingdom. Of which around 30% are registered into at least one of the free postcode lottery draws.
That means there’s more than 500,000 competing against you to win.
Of course, what makes the odds of winning a free postcode lottery draw even harder is that the same people share the same postcode.
So, if you share the same postcode as a neighbour and they are registered and claim the prize too, then you’ll be sharing the money with them.
If you’re lucky, and you’re the only person registered to the site with your postcode then you have around a 1 in 273,000 chance of winning a day (based on two draws a day).
Which equates to around a 1 in 750 chance of winning a year.
It takes around 2 minutes a day to check one post code lottery website. If you did that every single day that would amount to just over 12 hours.
Based on the national living wage of £7.83 in that same 12 hours you could earn £93.96 extra a year.
That £93.96 is guaranteed income, but you’ve still just a 1 in 750 chance of winning the prize pool of anything from £50 – £500 from the postcode lottery.
Pick My Postcode – Free Postcode Lottery Company
Pick My Postcode (formally known as the free postcode lottery) launched in 2011 and has a number of different lottery-style games playing at any one time.
In fact, when I visited the games combined created a prize pool of more than £980. With yesterdays winner winning a total of £1,000!
This makes it the number one website for free postcode lottery draws in the UK right now.
Of course, if you know of any other free postcode lottery companies that we could check out let us know in the comments below!