The El Gordo Lottery is part of the Euromillions Euro lottery, but if that’s all you’ve ever heard that’s definitely not enough. Promising payouts between 84 million and 2.6 billion Euros, the El Gordo Lottery claims one of the biggest jackpots worldwide. Even that isn’t all that’s special here. With over 13,000 prizes being offered, your chances of winning a prize mean that there is one winner per six tickets. Not bad by the standards of the prizes offered by competing lotteries.

In the Euromillions Euro lottery there is one draw per month. But three months a year are tied to special draws for yet bigger prizes. These encompass January’s “El Nio”, the summer “San Ildefonso”, and held around Christmas, “El Gordo” aka “fatso”, with the Xmas draw being the most substantial and popular of the lot. Unlike other lottery draw systems, the El Gordo Lottery utilizes balls with five digits printed on each one in a range from 00,000 to 84,999. One ball will be drawn from each of two bowls; the first bowl determines the winner, the second the prize value. To enter the lottery, one choice is a full ticket, called a “serie”. Also available is a “décimo”, worth one tenth of a full ticket. This is the cheaper option. These options have the same chance to win, but obviously their share of the payout varies according to how much you spent to begin with. For this reason the e-lottery system is used by many Euromillions Euro lottery players.

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Using this system, you can be confident of winning a prize. Just buy into the El Gordo Lottery syndicate and they’ll sort you into teams. With each team having a number between zero and nine, the last digit on the winning ball signifies the winners and they take the prize. A fair division of the spoils among the members follows. After that, subscriptions are sold for the syndicate ready for the lottery the following month.

The concept of sharing the prizes is cause for concern for some people. What you have to remember is that when the amount being divided is 2.6 billion Euros, a single share is still a significant sum of money. No reason for concern with this system as you’ll win a prize during each drawing, and a place in the e-lottery is a more cost-effective approach. The e-lottery is the truly smart way to go…

This entry was posted on Saturday, October 24th, 2009 at 9:58 am and is filed under World Of Gambling. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.