El Gordo, Why Take Part In This Spanish Lottery With Its Gigantic Payouts?

Have you ever heard of the Spanish ElGordo lotto? If not, please permit me to explain a little about the world's most recognized lotto and why it is called the El Gordo "The Big One"

The El Gordo lottery has been a national obsession in Spain since way back in December 1812 with massive interest generated by the Christmas draw every year. Believe it or not, 98% of the population play this Spanish National lottery each Christmas.

There are a number of major reasons why so many Spaniards play a part in the Christmas El Gordo draw. Firstly, there is the incentive of the largest lotto prize fund of any worldwide lotto game - 2.20 Billion Euros! Secondly, there are more than 13,000 cash prizes available. Finally, the probability of collecting a cash prize in the Christmas draw are a highly achievable 1 in 6.

With the amount of attention that is given to the Christmas El Gordo lottery draw, many individuals are unaware that there are five further El Gordo draws each year also. These draws take place in January, March, May, July and November. Even though these five games don't give rise to the huge prize fund of the Christmas draw, they are substantial nonetheless, ranging from 78 million Euros to 655 million Euros. What's more, these draws present approximately 3 times as many prizes as the Christmas draw and odds of scooping a cash prize of an incredible 1 in 3.

The Spanish Christmas Lottery operates in a different way to nearly all other international lotteries. A complete ticket 'billete' is very pricey, costing 200 Euros. However, these tickets are divided up into ten 'decimos' (tenths) costing 20 Euros each. When purchasing your tickets you have the option of buying 1 decimo, a complete ticket, or a share of a ticket. If you don't buy the entire ticket, someone else will buy the remainder of your ticket. For example, if you obtain two decimos, someone else buys three decimos and someone else buys five decimos and your ticket wins 1000 Euros, then you will secure 200 Euros, 300 Euros and 500 Euros correspondingly. Owing to the expense of buying an entire ticket, it is typical for families and friends to amalgamate their lotto funds and each individual purchase a separate 'decimo' (tenth).

About the Author:
Tom Gee is an affiliate of the elottery syndicate system.

Visit his e-lottery website and read about the
El Gordo e-lottery

Article Originally Published On: http://www.articlesnatch.com

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