Lotteries! The alternative to the pandemic

Wednesday, 22 September 2021

In the context of the coronavirus pandemic, sport has suffered greatly. So are sports bets that have seen dramatic declines and substantial changes. Many players preferred to turn their attention to lotteries, e-sports or virtual sports. Any of these offers the fun and adrenaline you are looking for, but each area has its own specifics.

According to statistical reports, China’s sports and welfare lotteries brought in a total revenue of CNY 35.76 billion (GBP 3.97 billion/EUR 4.59 billion/USD 5.53 billion) in January 2021, up 31.4 % compared to the same period last year. To a greater or lesser extent, growth has also been recorded on the European market.

And lotteries have a special place in the gambling segment. They represent a gambling category that has been numbered among the most popular choices of Romanians. As gambling developed in the online and offline environment, a diversification of game options was felt. Thus, more and more operators in Romania have come to include in their offer international lotteries.

Overcoming the fact that they were very well received and appreciated, the international lotteries gained ground and the reasons are diverse. From the pleasure of the game and the mirage of big wins to the fact that you don’t need too much knowledge to have fun. By lotteries we are referring especially the international lotteries that we can access through the operators licensed on the Romanian market.

It seems that 70% of the population over 18 in the UK regularly participate in the national lottery, ie about 45 million people. About the same population of people living in Ukraine. In addition, at least 50% of the British population play more than once a month and, on average, buy at least 3 tickets each week.

The advantages of lotteries over other games of chance

Lotteries are not influenced by the spectator, weather conditions or other external factors that influence sporting events. In the case of lotteries, no arrangements can be made and there are no suspicious draws. All the statistical data we are looking for is easily accessible, available to any player who has access to the internet.

We can bet 1 RON, 5 RON or 10 RON without being conditioned by the price of a variant. We can also win with tickets that we bet on a single number without any problem. Potential winnings = stake x total odds of winning and validated winning numbers. In general, each number that can be extracted has a statistically calculated odds. However, the odds offered will be lower than the actual odds due to the profit margin applied by the organizers and/or operators.

When we play lotteries we can apply most of the known betting strategies. Due to the fixed quotas and the drawing schedule we can apply the fixed stake, the percentage stake, D`Alembert, Martingale, etc. Even if luck is crucial, a game strategy helps us to organize ourselves better, to manage the game budget, to avoid losses and to have more fun.

The winnings can be extraordinary and this are thee peculiarities of lotteries. How many times have we said or heard “When will I win the lottery …”? This shows that we are influenced and dream of making a huge profit, without too much effort. And for some, the dream comes true and they can boast of impressive gains. Which incites the imagination, offers new impulses and opens new perspectives.

Read also: Adrian Sorel State: “I hope to become a recreational player in the future”

Lotteries: Making the impossible almost possible

The chances of winning a “6/49” lottery (a popular game in many European countries) are about one in fourteen million. Why – given the slight chances of winning – do people persist in their dream of winning?

Part of the popularity of lotteries is due to the fact that they offer a low chance of winning a very large jackpot. Studies show that without jackpots, the number of players would decrease considerably. In fact, a large number of winning opportunities and an extra possible win is generally accepted as the optimal format of the lottery prize (a Study carried out by Shapira & Venezia, 1992; Douglas, 1995).

The most popular gambling games in 2020 – source

Online lotteries have bigger advantages

The online lottery segment will grow the fastest and is expected to generate $183.1 billion in revenue by 2026.

Currently, the lottery agency segment has the largest market share and is estimated to be $170 billion by 2026, up from $82.2 billion in 2018.

The significant increase in the lottery cash prize is one of the key factors for the growth of the market. In addition, it is anticipated that the liberalization of government regulations, together with the massive expansion of retailers in the field, will have a positive impact on lottery demand in the global market.

Online, we have all the advantages of lotteries. You can play at any time, you have the desired comfort, we do not have to wait for other customers, we have time for other activities, we can check the results quickly. In addition, we can witness real-time draws and video-streaming tracking of which numbers are drawn.

By Mircea Panait

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Author: Editor

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