The El Gordo Loteria is a part of the Euromillions Euro lotto, but if you don’t know anymore than that that’s definitely not enough. Promising payouts between 84 million and 2.6 billion Euros, the lottery claims one of the world’s richest jackpots. And yet there’s more. The odds of becoming a prize winner are as high as one in six, with over 13,000 different amounts. When you consider the prizes pitched by other lotteries, that’s pretty good!

Once a month the Euromillions Euro lottery holds a draw. Three months each play host to bigger drawings guaranteeing significantly more substantive prizes. To wit, the January “El Nio”, the Summer “San Ildefonso”, and held around Christmas, “El Gordo”, literally: “the fatso”, with the Christmas drawing being the most substantial of the lot.

Unusually for lottery systems, the balls required by the El Gordo lottery have five digits on each, these numbers ranging from 00,000 to 84,999. In this system, a ball is drawn from a bowl to determine the winning ticket and another ball is drawn from a second bowl to determine the amount of the prize.

Should you want to have a chance to win you can buy a full ticket known as a “serie”. There is also a cheaper option; called a “décimo” worth one-tenth of a full ticket. Neither alternative is especially cheap, though, and obviously neither has a better chance of being one of the one in six winning tickets. As a result the Euromillions Euro Lotto has put an e-lottery system into operation.

Everyone’s guaranteed to win a prize when participating in the e-lottery system. You are automatically assigned a team when you buy in with the El Gordo Lottery syndicate. With each team numbered between 0 – 9, the last digit on the winning number picks the winners who will take the money. Each member will then receive an even share of the money. In anticipation of next month’s lottery, the syndicate takes subscriptions once again to continue the e-lottery. Sharing the pots causes a little concern for some players. But when you take into account how much over two and a half billion Euros really is, there’s still plenty to go around. You’ll find the syndicate program is far more cost effective, and with the knowledge that you’ll share in a prize in each draw, you don’t have to worry about constantly losing. E-lottery is the smart strategy.

This entry was posted on Thursday, October 22nd, 2009 at 2:21 am and is filed under Betting Info, Miscellaneous. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.