Category: Lottery Information

Questions your lottery pool agreement should include

Whenever two or more people are involved in a project they depend on each other and each individual counts on the other members of the group. There are plenty of benefits that result from being a part of an organization but there are also potential hazards that associates need to be aware of. The same goes for lottery syndicates, so those who plan on joining such a group should make sure that...

What is the purpose of the NHL Draft Lottery?

Everyone knows that the National Hockey League has a draft system in place, to help the weakest teams get the best amateurs at the beginning of the regular season. Not so long ago, the system was slightly different, with the team to finish last having the first overall pick but that proved to be a faulty system. The reason a lottery was set into place was to prevent weaker teams from...

What is the difference between the lottery and raffle?

The beauty of playing the lottery is that you don't need special training and you have the same chances of winning the first time you play. This turns it into a fun game to play and makes it easy to accept the fact that the odds are stacked against you each time you purchase tickets. While comprehensive research is not necessary, it is worth learning the basics such as making the distinction...

Poker Lotto: poker or lotto?

Those who are not familiar with the gambling industry frequently make the mistake of including both poker and lotto into the same category. They assume that since chance plays a role in determining the outcome of both, the differences are negligible and players could go either way with no effort. This is only an illusion, because the differences between the two games outshine the few...

Lottery for kids: pros and cons

The purpose of all lottery games is the same, as players are counting on one of their tickets to turn lucky and make them rich overnight. This is the incentive that keeps players returning time after time and it is what gives them strength to carry on, despite the fact that the odds are stacked against them. While all lotteries share the same goal, they don't act in the same manner and there...

How to start an online lottery business?

The odds of winning the lottery jackpot are so reduced, that many contemplate the prospect of starting an online lottery business, instead of playing the game. The reasoning is solid, because the operators of an online or brick-and-mortar lottery are guaranteed to finish on the right side of profit, whereas players don't enjoy the same certainty. Everything begins with a single step, and...

What is the Heritage Lottery Fund?

In the United Kingdom the National Lottery is the most important organization running lottery games, and just like all its major counterparts from around the world it directs a part of the revenue towards funding good causes. These amounts represent a percentage of the money collected as a result of selling tickets, which explains why there are differences between the sums directly to charity...

What is an expected value of playing the lottery?

Poker players know all too well what expected value means and many of them find the discrepancy between these estimations and what actually happens frustrating. The concept stands for the amount that the player is expected to win by playing his game of choice and calculating it accurately allows him to determine whether it is worth to keep playing or not. Unlike poker games where players have...

Lottery rollovers and roll downs

There is no game based on luck more profitable for winners than lottery, yet again no other game is so difficult to win. The idea of competing for millions of dollars while investing a single digit amount is immensely popular among people regardless of background. At the same time, only a small fraction of players wins significant prizes and very few can honestly say that they won more than...

Texas Lottery shuts down ‘All or Nothing’ game

Lottery games are by definition profitable for the organizers, as they dictate the amount that goes towards fueling the prize pool. Regular games can't go bankrupt and with the odds being stacked against players, it is unfathomable that a lottery will need to close its gates due to profitability issues. This makes it very surprising that the Texas lottery shuts down, only a matter of months...