Going for the Spanish Elgordo with the E-Lottery System
25/09/2009 20:34
on: Great Gambling Stuff
If this is the first you’ve heard of the El Gordo Lottery, part of the Euromillions Euro lottery, you’ll definitely want to find out more. Boasting one of the world’s largest jackpots, this wager offers payouts up to more than two and a half billion Euros. And yet there’s more. The lottery offers odds of winning something to the tune of a staggering one in six, and these prizes might be any of over thirteen thousand different amounts. A very good rate when looked at in context with other lotteries.
There is one draw each month held by the Euromillions Euro lottery. Even richer prizes can be won at special lotteries held during three months a year. Biggest (and most popular) of all the drawings is “fatso” “El Gordo” which is held around Christmas, while the other two special draws take place in January (”El Nio”) and the summer (”San Ildefonso”).
Balls with numbers ranging between 00,000 and 84,999 are not what you expect to see from lottery systems, but this draw employs an unusual approach using them. One ball will be drawn from each of two bowls; the first selection indicates the winner, the second what the ticket is worth. To enter the lottery, one choice is a full ticket, termed a “serie”. There is also a cheaper option; called a “décimo” which is worth one tenth of a full ticket. Both serie and decimo have an equal chance to win, although the payout is proportional to how much you spent to begin with. As a result many players of the Euromillions Euro lottery instead use the e-lottery scheme. With the e-lottery system, you are guaranteed to win a prize. Simply buy into the Euromillions Euro lotto syndicate where you’re divided up into teams. With each team numbered between 0 and 9, the last digit on the winning number picks the winning team and they take the prize. All members then receive an even share of the prize. In time for next month’s lottery, the syndicate once again sells subscriptions to continue the e-lottery. It is natural to wonder whether it would be worth sharing the pots. What you need to keep in mind is that when the initial amount is 2.6 billion Euros, a single share works out at a substantial sum of money. There’s no reason for concern with this system as you’ll win your share in a prize every month, and a share in the e-lottery is a more cost-effective way to play. E-lottery is the smart way to go…
