EigenAnalysis

When you first come across the El Gordo Loteria, a part of the Euromillions Euro lottery, you will definitely want to learn more. This lottery is widely known for top payouts that are among the world’s richest - payouts as high as 2.6 billion Euros. And yet there’s more. This lottery makes available more than thirteen thousand prizes, which works out to a winner for every six contestants. When you consider the prizes offered by competing lottos, it has to be said that El Gordo’s offerings certainly aren’t bad.

Once a month the Euromillions Euro lottery holds a draw. Three months a year see special draws guaranteeing even grander prizes. The three special lotteries are hosted in January, summer, and at Christmas; in order, they are El Nio, San Ildefonso and El Gordo also known as “Fatso”.

Balls with numbers ranging between 00,000 and 84,999 are not typical in lottery systems, but this draw employs a unique system taking full advantage of them. During the draw one ball is selected from a bowl to find the winning number and another ball is pulled out of the second bowl to determine the value of the prize.

So how do you enter this draw? You have two options; first, you can get an entire ticket, called a “serie”. You can also choose a cheaper option known as a “décimo”, which is worth one tenth of a full ticket. Neither choice is especially cheap, though, and of course neither has an optimal chance of being one of the 1/6 winning tickets. As a result many players of the Euromillions Euro lotto take advantage of the e-lottery system. Everyone is certain of winning a prize when they participate in the e-lottery system. You simply buy your way into the El Gordo Lottery syndicate where you’re divided up into teams. With each team numbered between 0 - 9, the last digit on the winning number picks the winning team and they go on to take the prize. An even distribution of the prize among the members comes next. In preparation for next month’s draw, the syndicate once again sells subscriptions and the e-lottery continues. Some players feel concerned when they hear that they have to share these big payouts. What you have to remember is that when the initial amount is over two and a half billion Euros, a share is still a healthy return. There’s no reason to worry playing by e-lottery - you’re guaranteed to win something during each drawing, and on top of that a share in the e-lottery is the more cost-effective way to go. In fact, there is no better return.