E-Lottery & El Gordo Lotto — a Primer
A major event within the Euromillions Euro lotto is the Loteria de Elgordo which you may well wish to learn about. Offering one of the richest jackpots on the planet, this simple wager offers payouts up to two point six billion Euros. This is not the lottery’s only claim to fame. With more than 13,000 prizes available, the chances of winning a prize mean that there will be one winner in every six tickets. A pretty remarkable rate when examined in the context of other major lotteries. In the Euromillions Euro lotto there is one draw per month. Bigger prizes can be had from featured lotteries held during three months around the year. The bigger drawings are scheduled to be in January, summer, and at Christmas; these are, respectively, El Nio, San Ildefonso and Elgordo, literally “fat cat”. Unlike typical lottery draw systems, the Elgordo Lottery utilizes balls sporting five digits apiece ranging from 00,000 to 84,999. During the draw a ball is selected from a bowl to determine the winning ticket while a second is pulled out of a second bowl to decide the prize value. Wondering how you enter this lottery? There are two basic choices; the first is that you can buy a full ticket, called a “serie”. Also available is a “décimo”, which is worth one tenth of a full ticket. This is your other option. Neither alternative is particularly cheap, though, and equally neither has an optimal chance of being a winner. As a result many people playing the Elgordo lottery instead use the e-lottery system. Everyone is assured of winning a prize if they participate in the e-lottery system. All you do is buy into the Euromillions Euro Lotto syndicate and they’ll sort you into teams. With each team assigned a number ranging from zero to nine when the draw is held, the final digit of the winning number determines which team receives the prize. A fair division of the prize among the members comes next. Before next month’s draw, the syndicate once again takes subscriptions to continue the e-lottery.
The concept of sharing the jackpots causes a little concern to some players. What you need to keep in mind is that when the amount being divided is 2.6 billion Euros, a share works out at a substantial return. There’s no need for concern with this system as you’re guaranteed to win your share in a prize during each draw, and a place in the syndicate is the more cost-effective way to go. Honestly, there’s no smarter way to play…
