Are you new to the world of online lottery betting? Are you confused about what it entails and how it’s different from standard lotteries? Fret no more, as we’re here to explain the ins and outs of lottery betting.
It is understandable to be confuzzled by the term “lotto betting”, especially if you have never come across it. While standard lotteries entail buying tickets for a specific lottery, online lottery betting comprises of bets on actual lottery results.
Let’s take, for example, the Powerball. You are not buying lottery tickets for the official lottery, but instead, you are placing bets on the results of the lottery. Although some people might not see much of a difference between betting on lotteries and purchasing tickets, there are clear distinctions.
Let’s be clear any online lottery betting sites, are not running any lotteries. Although they do offer scratchcards and instant wins, the sites don’t draw out the numbers and you are not actually playing the lottery but betting on it.
How does online lottery betting work?
Although both essentially fall under Gambling, players are playing against specific odds. When you are playing with real tickets, the odds are established by the official lottery itself.
So how does it work for you? It works just as if you were buying a lottery ticket at a kiosk. Pick your lucky numbers and if you guess correctly, you win a prize.
The size of your prize will depend on the number of balls you have successfully guessed correctly. You can pick whichever numbers you want and won’t require a physical lottery ticket.
Are there jackpots to be won?
Of course! You are enjoying the same thrills and perks as if you were playing the real thing. Online lottery betting sites match the prizes of each tier, including the jackpot of the official lotteries.
The only exception is that it is not the official lottery that will be paying out the prize. On the contrary, it will be the lottery betting site that will be paying you out.
Are there benefits to online lottery betting?
Since everything is done online, online lottery betting sites run offers and promotions including discounts on bulk bets, free tickets and VIP loyalty programmes.
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