Lotto betting is making a bet on official lotteries draws — specifically, which lottery balls, or numbers, will be drawn in those draws.
You pick the numbers that you think will be drawn and if you guess correctly, you will win prizes — usually in the form of cash. The size of the prize will depend on the number of balls you correctly guess.
In terms of choosing numbers, lotto betting may be the same, but you do not buy a lottery ticket. A lottery operator sells tickets directly, whereas lotto betting is conducted through a separate company, such as Lottoland. 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.
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 ticket. Lottoland also match the other prize tiers too for that lottery draw.
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 £34,000. Lottoland will match this prize and pay you the prize money.
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.
Our offer is far superior; we don’t sell physical tickets and so we are not limited in the same way a normal lottery is meaning our players can win huge jackpots amounts from across the world.
Our model also gives us the freedom to offer our players free bets, special offers and unique features such as Double Jackpot.
We can also offer ‘special jackpots’ higher than those available with the official operator.
Why play the same lotteries week in week out when you can bet on the
biggest and best the world has to offer?