When it comes to entering and taking part in a lottery, most people will be familiar with purchasing lottery tickets from their local store via lottery terminals. This is a simple procedure whereby you simply fill in a lottery slip and hand it over to the sales assistant.
However, ever eager to ensure everyone who wishes to take part in an up and coming lottery can do so with maximum ease, many lotteries can now be entered online. Most state run lotteries can be entered in this way, but depending on where you live, and local gaming laws, this will have an effect on whether you can indeed enter online.
There is another way in which you can still enjoy the fun and excitement of taking part in a lottery, without directly purchasing a ticket in any particular draw, and this is by betting on the outcome of such a draw via one of the online sport betting and bookmaking sites.
Betting On Lotteries Online
The beauty of betting on the outcome of a lottery online, as opposed to purchasing a direct entry into one of them, is that you are free to choose any groups of numbers you like, without having to pick the minimum required number as is required on many lotteries.
You will also find that the odds offered and paid when you select a group of winning numbers is often much better than the payouts awarded on most lotteries and as such greater value can be found online.
There are any different sports betting sites who will allow you to bet on lotteries held in many different countries, and as such it is possible to take part and bet on them on every day of the week!
Online Lottery Bets and Payouts
There is an art to getting the very best payouts in regards to you betting on the result of a lottery, and this is by shopping around and ensuring that you find the best odds offered by the many different online betting sites.
To give you an idea of the many different lotteries which you can place a wager on online, below we have highlighted several of the most popular lotteries and take a look at the odds most commonly offered by the leading Sportsbooks and betting sites.
UK Lottery - The UK National Lottery is held twice a week, both on Wednesdays and on Saturdays. Six main numbers are drawn along with one single Bonus Ball, with the numbers one to forty nine being used in the lottery machine. You will find several online betting sites who will let you bet from just one number to five numbers drawn out of the lottery machine.
The odds you will find online will vary, however you can expect odds of around 6 to 1 for picking just one number that is matched from the first six numbers drawn. Other payouts include 60 to 1 for picking two matching number and 725 to 1 for picking any three matching numbers.
New York Lottery - Another very popular lottery is the New York Lottery, which holds draws on both Thursday and Sunday. There are slightly more balls in the lottery machine and as such the odds available for matching certain number groupings are much larger than most other online lotteries.
If you pick just one single number to be drawn from the first set of numbers out of the lottery machine (not including the bonus ball), then you will get a winning payout, depending on which betting site you have wagered at of 7 to 1.
By correctly picking two matching numbers you will receive a payout of 75 to 1, pick three matching numbers and the payout is a huge1000 to 1. Should you have correctly predicted four numbers from those drawn the payout odds jump to a massive 17500 to 1, and the maximum payout for matching five numbers correctly is a huge 150000 to 1!
Euro Millions Lottery - Played throughout Europe the Euro Million lottery can and does award some truly massive payouts, and as if often the case the jackpots can and do roll over frequently meaning the jackpots grow even bigger!
Once again it is possible to bet on the result of the Euro Million draws with an online betting site, and by playing the lottery in this way a range of unique payouts are awarded which will mean you could get a better chance of actually picking up a fair sized payout.
You can often choose your numbers to either include the bonus balls or not, and to show you an example of the payouts offered at some leading lottery betting sites the odds and payouts quoted below are for picking matching numbers without the bonus balls.
Picking just one correct number from the main balls drawn out of the lottery machine will earn you a payout of 8 to 1, pick two matching numbers and the payout odds are 100 to 1.
You will also be able to pick three numbers, and should all your three chosen numbers match any of the main numbers then you will get a payout worth 1000 to 1. Pick four matching numbers and a payout of a huge 25000 to 1 is awarded, pick five matching numbers and you will have hit a huge winning payout which is 150000 to 1.
Online Lottery Hints and Playing Tips
Whilst it goes without saying that all lotteries, no matter where they are held, are completely random by their very nature, this means that when you take part and bet on any of them you will not be using any form of skill, and as such hints and tips for entering a lottery are somewhat in short supply!
However, there are a few things you should be aware of, and one of these facts is important in particular to betting on the result of a lottery and this is in regards to the maximum payouts which all betting sites will have in place.
Make sure that your wagered amount will never result in a winning payout, if you are lucky enough to win, of an amount greater than the maximum amount the betting site pays. If it does then you need to reduce your stakes accordingly!
Another handy tip for lottery betting is to try and take part in them via a syndicate of players, the more entries you have the better your odds of winning become, so try and get into a group for added winning possibilities!
Online Lottery Sites
You will need to carefully choose which online lottery sites you frequent and wager at, we have a checklist below that will ensure that you never run into any form of problems when betting on a lottery online, so have a good read through this checklist and use it when you pick an online lottery site at which to gamble at!
Licensed and Regulated - It is very important that the online lottery site at which you are thinking of wagering at is fully licensed and regulated, and the licensing authority must be a respected gambling jurisdiction. If the lottery site is not prominently displaying an approval logo from such a licensing authority then give that site a miss!
Player Exclusions - Some online lottery sites will not allow players to gamble on any lottery based on where that player is living or residing. So make sure that you check to ensure you can indeed wager before signing up! You will find which players are permitted to wager on the terms and conditions pages of the respective online lottery site.
Online Lottery Results Service - One important part of betting on any worldwide lottery is that you will want fast access to the result of that respective lottery! So make sure that the lottery betting site updates the lottery results in real time, so as to allow you to check your entries as soon as the draw has been held and the result announced.
Multiple Lottery Opportunities - The way to get the best value as mentioned previously is to shop around, as the odds offered by many online lottery sites can and do vary greatly from betting site to betting site. Also make sure that the lottery site you are thinking of wagering at offers you a diverse range of lotteries to bet and wager on!
Speedy Payouts - When you have had a winning online lottery bet, then you will of course want to get paid quickly and in one lump sum, if that win is a sizeable amount. So make sure when you are choosing an online lottery site you pick one that has high maximum payout amounts, and pick those which do not drip feed you your winnings on a weekly basis!
Bet Sensibly - The odds of you winning a large jackpot payout when betting at an online lottery site are of course huge, and you need to bear this in mind when having a wager. Large payouts can be achieved from very modest stake levels and as such always wager responsibly and with in your means.