Your Guide to the Elgordo Lotto
Saturday, October 31st, 2009When you first come across the part of the Euromillions Euro lotto that is the El Gordo Lottery, you definitely need to learn more. With payouts between 84 million and two point six billion Euros, the lottery claims one of the world’s richest jackpots. And yet there’s more. The chances of becoming a prize winner are as high as one in six, with over thirteen thousand different amounts. When compared with the prizes being featured by competing lotteries, that’s pretty good. Once per month the Euromillions Euro lottery holds a draw. Three months each year play host to bigger draws offering even grander prizes. Largest and most popular of all these drawings is the Xmas lottery “El Gordo”, while the other bigger drawings take place in January (“El Nio”) and in summer (“San Ildefonso”).
Unlike typical lottery systems, the El Gordo Lottery uses balls with five digits printed on each ranging from 00,000 to 84,999. Two bowls are required, with one used in determining the winning number, the second the prize value.
To enter the draw, your first choice is a full ticket, known as a “serie”. There is also a cheaper option; called a “décimo” valued at one-tenth of a full ticket. Sadly, both these choices are pricy ways to play nor will either of them upgrade your chances of a win anyway. Because of this the Euromillions Euro lottery has additionally provided an e-lottery system. The e-lottery system can guarantee a prize for every participant. You simply buy your way into the El Gordo Lotto syndicate which will then divide you up into teams. With each team numbered between 0 – 9, the final digit on the winning ball picks the winners and they go on to take the prize. An even distribution of the prize among the members comes next. After that, subscriptions are sold for the syndicate ready for the next drawing.
It is typical to feel some concern as to whether it would be worth sharing the payoffs. But when you consider how much 2.6 billion Euros is actually worth, there’s still plenty to go around. No reason for concern with this system because you’ll win your share in a prize every month, and a share in the syndicate is the more cost-effective approach. E-lottery is the smartest way to go…