How is lotto betting different from buying lottery tickets?
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What is Lotto betting?
In terms of choosing numbers, lotto betting may be the same as buying lottery tickets, however you are NOT buying a lottery ticket in the official draw. Instead, Lotto betting is done through a separate independent company, such as Lottoland UK, which is not connected in any way to the relevant lottery operator. Any money you win is paid out by Lottoland, not the official lottery operator.
So, for example, let’s say you bet on the US PowerBall jackpot and correctly guess all of the numbers that are drawn. Lottoland will pay you the prize money, not the official PowerBall operator in the US.
What’s the different between Lotto Betting and betting on the official draw?
Lotto betting is betting on the outcome of a lottery, rather than actually buying a lottery ticket. Instead of picking numbers for the lottery, lotto betting players will bet on the outcome of the draw for the same price, with the same prizes up for grabs. Entrants can pick the numbers, similar to the lottery in the official draw.
Lotto betting companies such as Lottoland, allow you to bet on the lottery and receive the full jackpot payout, but no real tickets are being purchased. The lottery site is responsible for paying you your winnings - the lottery commission is not involved at all.
Will I win the same prize of official lottery operators?
Of course! Lottoland will match the prizes of each tier, including the jackpot, that the official lottery operators pay out, as if you had won with an official lottery operators pay out, as if you had won with an official lottery ticket.
So, for example, let’s say you bet on a lottery, such as the US PowerBall, and you guess 5 numbers (but not the PowerBall). This would win you the second prize tier which is about €800,000. Lottoland will match this prize and pay you the prize money.
Reputable lottery sites, such as Lottoland UK, do not keep a commission on the winnings. They pay you the full jackpot amount just as if you had purchased a real ticket and won.
How can Lottoland pay such high jackpots?
Companies such as Lottoland, can afford to cover even the biggest jackpots by purchasing insurance policies from specialized insurers in the event that a customer hits a major jackpot. If you place a bet and win a massive jackpot, the lottery sites insurance policies from specialized insurers in the event that a customer hits a jackpot.
If you place a bet and win a massive jackpot, Lottoland’s insurance policy will be activated and then the insurance company will deliver the money to Lottoland, and Lottoalnd will forward that money directly to you.
Lottoland operates an insurance model which means that each bet someone makes is insured. Lottoland will pay all smaller wins directly from the revenue they receive from sales. Larger jackpot wins will be covered by Lottoland’s insurance model.
This insurance-based business model enables Lottoland to offer their players the ability to win huge jackpots, offered by official lottery operators, from all over the world.
Benefits of online lotto gaming in the UK
Online gambling in the UK is legal but a highly regulated industry. Anything related to online poker, casino betting, sports betting a lottery-style games fall under the purview of the UK Gambling Commission, a watchdog formed by Gambling act 2005.
Do not stress yourself out in the street looking for a trustworthy and licensed site. Always go for top online lotto betting providers. For example, Lottoland is the UK’s biggest online lotto betting provider and well regulated. So just roll up your sleeves, choose top and make a bet at the comfort of your computer device.
Below are just a few of the benefits of online Betting Lotto in the UK with Lottoland.
Easy to purchase tickets
Rather than making your way to the physical retailer to purchase the lottery tickets and have to stand in line to then feel pressed for time, you can avoid this by using online platforms to play the lotto. All you need is your smartphone or computer with an internet connection. With the click of a few buttons, you are ready to bet on your favourite lotto online and wait for the big day.
Records are always kept
When you play lotto online, there is always a record of your favourite numbers or regular bets. That way, even if you forget the numbers that you normally bet one, there is a record. If you are indeed a winner, you will receive your prize no hassle.
Better still, when such records are kept, you do not have to cram the numbers. Therefore, in case you wish to use them again, they are always saved on your account. With Lottoland, they also offer a subscription feature which, if you turn on, will allow your online profile to bet on your favourite numbers for you. This is helpful if your work day over runs, the traffic is long or you simply have a forgetful memory.
You can purchase tickets anywhere at any time
Sometimes, you are far away from a lottery provider retailer because you are on holiday, live far from town etc., but you still want to bet on the lotto. With an online lotto account, you can do this from wherever you are.
There also may have been instances where you wanted to play, but the retailer shops were closed. With Lotto betting online, you can buy tickets at any time you fancy! Super simple!
The Freedom to offer you more
Lottoland’s betting model allows them the freedom to offer their players free bets, special offers and unique features such as Double Jackpot.
Furthermore, they can also offer ‘special jackpots’ higher than those available elsewhere! A win-win if you ask me.
Lottoland offer the same lotteries week in week out. So why miss out on online Lotto betting with Lottoland UK when you can bet on the biggest and best lottos the world has to offer plus more?
Switch online to switch off
Time is very precious to us all in this fast-paced world we all live in. So, instead of wasting your valuable time going to buy the actual lottery – use this time to sit down, put your feet up and see all the exciting ways you can bet online.
Good luck and enjoy your down time at ease – who knows, you might become the next millionaire at the comfort of your own living room!
