The probability of winning lottery prizes is the basic risk dimensions, which may help determine whether a person gambles on a particular activity in the first place. Probabilities of winning something on the National Lottery are fairly high in comparison with other gambling activities although the chances of winning the jackpot are very small. In this issue, you are invited to learn more about Spanish lottery.
The Spanish Lottery is viewed as one of Spain’s most traditional games and, like most other lotteries around the world, it is one that offers players the chance to win life-changing cash prizes. The National Lottery was brought to Spain by Carlos III in 1811, and was originally used to boost the amount of money in the Public Treasury. Madrid was designated the home of the lottery headquarters in 1814, and at the same time the game was officially named The Modern Lottery – a name the Spanish public had been using on a casual basis for some time.
Lottery games in Spain are operated by Loterías y Apuestas del Estado, and when Spanish players think of the “National Lottery ” they tend to think of a game known as La Primitiva. This requires players to choose 6 numbers from 1 to 49, and the top prize, which is usually worth €3 million, is won by players who succeed in matching all six of their numbers with the six numbers drawn. Rollovers of the jackpot fund after no winners are found can result in the top prize growing to €20 million or more. There are also several other prize tiers for players who manage to match fewer than all six numbers, though as in most other countries, the more numbers you match the more you stand to win. La Primitiva lottery draws take place twice a week, every Thursday and Saturday.
The National Lottery game is basically a ten numbers wager, and before you start playing there are some concepts that it would be useful for you to understand:
- National Lottery draws consist of 100.000 numbers, from 00.000 up to 99.999.
- Each number from 00.000 to 99.999 comprises a separate ticket. Each ticket is known as a serie.
- Series are at the same time divided into ten dècimos. A dècimo is the tenth part of a ticket or serie, so, a whole ticket or serie comprises ten dècimos.
- Tickets or series are sold by dècimos.
To start playing you must first buy as many dècimos as you want from any authorised lottery store. To buy a whole lottery ticket you would have to buy ten dècimos of the same series. The quantity of series available depends on the draw; the National Lottery (Loterìa Nacional) and Thursday’s Lottery (Loterìa del jueves).
National Lottery (Loterìa Nacional) – This takes place every Saturday, and is divided into 10 series. This draw boasts the biggest prizes.
Thursday`s Lottery (Loterìa del Jueves) – This takes place every Thursday, and is divided into 6 series. The cost of the dècimos to participate in this draw is much lower than the ones for the National Lottery, but the prizes are smaller.
Other notable Spanish lottery games include:
Bonoloto – This is another 6 from 49 lottery game, but this one has four draws per week, and these take place every Monday, Tuesday, Wednesday and Friday. The jackpot tends to range from €1 million to €7 million, depending on whether there have been any previous rollovers and on the number of eventual winners matching all six numbers.
El Gordo de La Primitiva – This lottery game takes place every Sunday, and requires players to select five main numbers from 1 to 54 and one supplementary numbers from 1 to 9. The top prize, which is worth a minimum of €5 million, is won by players matching all five main numbers plus the supplementary number.
El Gordo – Affectionately referred to as “the fat one”, El gordo is an annual lottery draw which takes place on December 22 each year. It boasts the biggest number of lottery prizes in the world, and draws take several hours to complete. All lottery winnings in Spain are tax free.
There are also monthly draws that are tied in with particular celebrations. For example, there is a Saint Valentine’s draw, which has prizes worth € 84,000.
The money raised through lottery ticket sales is split on a 70/30 basis. The 70% of the money is returned to players in the form of prizes, and the remaining 30% goes to the State to cover administration expenses and support the Public Treasury.
If you are outside Spain then you can buy a lottery entry via the internet. The syndicate entries are also permitted. For those who are not familiar with this approach, a syndicate is a group of people that buy lottery tickets on a shared basis. If they win a prize, it is divided equally between the syndicate members, which are often friends, family members and work colleagues of the syndicate founder.