The Tax Cheapo

The first time you hear about the El Gordo Loteria, part of the Euromillions Euro lottery, you absolutely need to know more. With payouts that can be as high as 2.6 billion Euros, the Elgordo Lottery offers one of the biggest jackpots in the world. This is just one of the lottery’s claims to fame. With over 13,000 prizes being offered, the odds of winning something work out to around one per every six. A pretty remarkable rate when compared with the majority of other lotteries!

Should you want to have a chance to win you can buy a full ticket known as a “serie”. Or, you can go for a more affordable option known as a “d©cimo”, valued at one-tenth of a full ticket. Both serie and decimo have an equal chance of winning, although their share of the payout varies according to how much you spent to begin with. As a result the Euromillions Euro Lotto has put an e-lottery system into operation.

Each month the Euromillions Euro lotto holds one draw. Three months each year see special drawings promising significantly more substantive prizes. The bigger lotteries are scheduled to take place in January, summer, and around Christmas: these are, in order, El Nio, San Ildefonso & El Gordo, literally meaning ” Fat Cat”.

Unlike typical lottery draw systems, the Elgordo Lottery uses balls with five digits printed on each one ranging from 00,000 to 84,999. During the draw a ball is selected from a bowl to determine the winning ticket while a second is drawn from a second bowl to find the amount of the prize.

Using the e-lottery system, you are guaranteed to win a prize. You will automatically be sorted into a team when you buy in with the El Gordo Lottery syndicate. These teams are assigned an identifying number from zero to nine, the last number on the winning ball in the draw identifying the team that will win the money. All members then receive their share of the prize. In time for next month’s draw, the syndicate once again takes subscriptions and the e-lottery continues.

Make sure you review our reliable resource for Elottery infos.