LOTTERIES


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Lottery games are games of chance which involve many participants who buy tickets and want to hit a huge jackpot. Most of the today’s lotteries let the participants choose numbers from a lottery ticket upon buying it, then random numbers are to be drawn and whoever of the participants has guessed the right numbers – he wins certain prizes according to the rules of the lottery.

In some countries, lotteries are banned by the governments, while in others, there are national or state lotteries which are organized by the governments of the countries. Usually, they restrict and regulate the lotteries to some extent. From the beginning of the 20th century till the end of the Second World War, lotteries had been banned in many countries, including most of Europe and The United States. After the war, the they started reappearing in separate countries around the world and the main goal of the governments was to gain profits out of taxes.

The rules of the lotteries in the different countries may vary. The prizes may be fixed amount cash prizes as well as fixed non-cash prizes (apartments, cars and etc.) and in this case the organizer of the lottery takes the risk not to be able to sell enough tickets in order to cover the cost of the fixed prizes (in case someone wins them, of course). In order to avoid such a risk, most organizers choose to form the prizes as a fixed percentage of the overall value of the tickets that have been sold.

The motivation of the people who buy tickets so that they can participate in the lottery, comes from the huge jackpots (in some cases $400-500 million and even more). Others buy tickets because of the thrill they want to feel during the drawing of the numbers and during they check whether they have guessed the numbers. Many people consider that buying lottery tickets is a waste of time and money but if you have fun from the thrill and expectation of success as well as the fact that a winning ticket would bring millions of dollars to your bank account, then participating in lotteries is justified for you.

The chances for you to win a jackpot may vary depending on the lottery you are participating in and there are several factors affecting your chances to win – the count of possible numbers, the count of winning numbers which are to be drawn, whether the drawing order is important, whether there is a bonus ball to be drawn apart from the others and etc. An example of a lottery which involves drawing of a bonus ball is an American lottery, called Mega Millions, where 5 balls are drawn out of 56 and apart from them a bonus ball is drawn out of 46. As you may guess, the bonus ball makes the chance to win the jackpot very low – 1:175,711,536. In the Italian lottery, SuperEnalotto, the participants must guess 6 numbers out of 90 which reduces the chance to win the jackpot further more to – 1:622,614,630.

Apart from the huge jackpots for guessing all the numbers, most of the lotteries feature smaller prizes for guessing part of the numbers which have been drawn. You could get a prize for guessing three, four or five numbers, however, the prizes would be tiny compared to the millions you would get by guessing all the numbers, of course.

On MyCasinoStrategy, you can find information about some of the biggest and most popular lotteries in the world. Take a look at our EuroMillions and Powerball articles and learn more about these lotteries featuring huge jackpots.

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