If this is the first you’ve heard of the Elgordo Lottery, part of the Euromillions Euro lotto, you will definitely want to learn more. The lottery is noted for payouts that can match the biggest in the world – payouts as high as 2.6 billion Euros. Even that is not the only thing that’s special here. The chances of becoming a prize winner are as high as one in six, and these prizes can be any of more than 13,000 different amounts. When you consider the prizes pitched by other lottos, you’ve got to admit that Elgordo’s offerings are extraordinarily good. There is one draw per month in the Euromillions Euro lottery. Even bigger prizes can be won at bigger lotteries held during three months around the year. Specifically: January’s “El Nio”, Summer’s “San Ildefonso”, and held around Christmas, “Elgordo”, literally: “the fat cat”, with Christmas’s Elgordo draw being the richest and most popular of the twelve. Unusually among lottery systems, the balls employed by the Elgordo lottery have five digits on each, with a numerical range from 00,000 to 84,999. The system employs two bowls, with one used in determining the winning number, while the second decides the amount. Now, if you would like to enter there is a full ticket called a “serie”. The other option is cheaper; called a “décimo” which is worth one-tenth of a full ticket. Neither choice is particularly cheap, though, and obviously neither has an optimal chance of being one of the 1/6 winning tickets. As a consequence the Euromillions Euro lottery also offers an e-lottery system. The e-lottery system can guarantee a prize for every participant. You are automatically assigned a team when you buy in with the Elgordo Lottery syndicate. With each team numbered between 0 – 9, the last digit on the winning number signifies the winners and they go on to take the prize. This prize is then divided among the members. After that, subscriptions are offered ready for the lottery held next month.

It’s typical to wonder whether it would be worth sharing the pots. The thing to remember is there’s still plenty to go around when the total prize was 2.6 billion Euros. There’s no reason to worry with this system because you’ll win something each month, and on top of that a place in the syndicate is the cheaper approach. The syndicate offers the best payout of them all…

This entry was posted on Sunday, October 18th, 2009 at 12:10 am and is filed under Gambling, Unassigned. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.