The Elgordo Lottery is part of the Euromillions Euro lotto, but if you don’t know anymore than that here’s some actionable information. Offering one of the most substantial jackpots on the planet, this game of chance offers pots ranging from eighty four million to 2.6 billion Euros. Even that isn’t all that’s remarkable here. The chances of becoming a prize winner are as high as one in six, with over thirteen thousand different amounts. That’s very good if you hold it against what competing lotteries can pay out!

Each month the Euromillions Euro lotto holds a draw. But three months a year are devoted to bigger lotteries for grander prizes. Biggest of all these lotteries is “fatso” “Elgordo” which is held around Xmas, while the other bigger draws occur in January – “El Nio” – and during the summer (“San Ildefonso”). Unlike other lottery draw systems, the Elgordo Lottery utilizes balls with five digits printed on each one ranging from 00,000 to 84,999. Two bowls are employed, with one used determining the winning number, the second the prize value.

To enter the lottery, your first choice is a full ticket, known as a “serie”. The other option is cheaper; called a “décimo” valued at one tenth of a full ticket. Neither alternative is particularly cheap, though, and equally neither has better odds of being one of the one in six winning tickets. As a consequence the Euromillions Euro Lotto also offers an e-lottery system. The e-lottery system guarantees a prize for every participant. Simply buy your way into the Elgordo Lottery syndicate where you’re pooled into teams. With each team assigned a number ranging from zero to nine when the draw is held, the last digit of the winning number identifies the team that will receive the prize. Each member will then receive an even share of the prize. Everyone subscribes again for the next month’s draw and it starts all over again.

The concept of sharing the jackpots causes a little concern to some players. But when you take into account how much 2.6 billion Euros is actually worth, there’s still lots of money to go around. There’s no need to worry with this system as you’ll win something each month, and on top of that a share in the syndicate is a more cost-effective way to play. Really, there is no better return…

This entry was posted on Wednesday, November 11th, 2009 at 11:33 pm and is filed under Bets + Sportbooks, Misc., Web Of Gambling. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.