Winning a lottery can be thrilling. A small investment in a lottery ticket or just guessing a couple of numbers right on a lottery site can make you eligible for winning thousands and millions of Euros. Though playing the lottery has been famous from time immemorial, lotto mania has reached new heights due to improved technology and large sums of prize money that is offered to multiple winners. The lottery also has more people participating in them as it can be played online, everyday just at the click of a mouse.
Lottery was used in ancient China in the form of Keno slips and the amount was used to finance defense and infrastructure projects. Most lotteries were used by different governments for similar purposes like uplifting their poor, settling colonies and supporting social causes. However, as time elapsed the rewards of the lottery were handed over to the winner of the lottery ticket or form who could use the money as desired.
Winning a lottery is a matter of luck and probability. Factors like the quantity of numbers you have to match from a total selection of available numbers, the numbers of times a lottery is held, the number of multiple winners possible from a lottery and so on play an important role in determining your chances of winning something substantial. All lotteries are designed by financial experts whose challenge is to make the lottery as attractive as possible. Lotteries usually give you the jackpot when you have matched all the numbers on your form with the winning numbers drawn. If you have only a few of the winning numbers on your form you may be given a smaller prize.
For example, some lotteries make playing very attractive by keeping the form value as low as a euro. Your chances of winning are also greater when some lotteries select about 15-17 numbers as the winning numbers, but you have to have only5-7 of those winning numbers on your form to win. Having any5-7 of the winning 15-17 numbers creates multiple winners and increases the chances of your win. The icing on the cake is, you can select the same numbers on multiple forms and multiply your chances of winning as many times as you like. If lesser than 5-7 numbers match on your form with the winning numbers you can get smaller cash prizes.
This lottery format has therefore become very popular as you experience being a winner more times with minimum amount of investment risk. This is the very reason that people of all age groups prefer to play the lottery rather than increasing their risk at betting.
The payment on lottery winnings is usually made by a onetime payment or can be split into annuity payments. The winner is also expected to respect the laws of the land and pay taxes accordingly. Online lottery sites pay their winners through their insurance firms and give the option of accepting a lump sum or a breakup of the amount in a few installments.
Always ensure that you play your lottery through a legitimate source like an authentic and credible lottery and gaming website or through government backed lotteries to avoid being cheated.