subject: Spanish El Gordo Superdraw and the UK's National Lottery - What's the Difference? [print this page] Spanish El Gordo Superdraw and the UK's National Lottery - What's the Difference?
Spanish El Gordo Superdraw and the UK's National Lottery - What's the Difference?
By [http://ezinearticles.com/?expert=Gareth_P]Gareth P
The Spanish El Gordo is only drawn once a year in Spain and has a stupendouse prize fund of 2.3 Billion euros with many prizes including.
195 Jackpot prizes of 3 million euros
195 second prizes of 1 million euros
346,390 prizes of 1000 euros
2.6 million other cash prizes
This many prizes in just one draw. It would be daft not to buy a ticket and take a chance on one of these prizes. Of cause the UK Lotto is played twice a week with less prizes, but on most occasions much bigger prizes.
Like the UK lotto, El gordo can be played from anywhere in the world by any eligible player through a El gordo ticket selling agent.
Unlike other lotteries El gordo returns the highest percentage of pooled funds back to it's winning ticket holders resulting in more prizes. This percentage is 70% unlike the others lotteries only returning up to 50%.
All lottery prizes are payed tax free, meaning the prize you win will be the prize you will receive.
A entire El gordo ticket costs 200 euros. This may be too expensive for most prospective players so the tickets are usually sold as tenths called decimos. A decimo, or the 1st fraction out of ten is available at the price of 20 euros. This reduces the payout to 10% of the published prize. A UK lotto ticket costs only 1, Much more favourable for lower risk lottery players. Of cause the total amount of winning prize's is less.
Tickets are limited with the El gordo. As soon as all tickets are printed and sold that's it, no more will be printed. Unlike Lotto tickets there are no restrictions.
To conclude, I think is it well worth the time and effort playing the El gordo because it is a one off draw with huge advantages and chances of winning a prize. Statistics say that you have a 1 in 3 chance to win a prize, this is huge compared with other Lotteries. But the price for a complete ticket is very expensive which suggests joining a syndicate to reduce ticket costs, or only buying one decimo. I would still play the UK lotto because this still offers very good value and chance to winning a prize.
Superdraw-and-the-UKs-National-Lottery---Whats-the-Difference?&id=5239824] Spanish El Gordo Superdraw and the UK's National Lottery - What's the Difference?
