Internet Casinos | Online Poker | Turkish Casinos | Gambling Podcast | US Casinos | Mobile Version EternalGambling
EternalGambling QR Code
Play at Goldenpalace
> 300% Bonus now !
Play at Bovada Casino
> America's Pride !

Man's instinct to gamble is the only reason he is still not a monkey up in the trees - Mario Puzo
Gambling Articles >> Newsletter: Blackjack Strategy Software <<

Home | Lottery

Make Your Fortune On The Lottery

By: Shaun Parker

Featured Sportsbook: Famous
online sports bettingBetOnline Sports Betting company BetOnline provides you $900 in free plays if you open an account right now. Take the quick tour at America's largest online sports betting destination, and learn about casino games and internet poker. Bet nowBetOnline Sports Betting...

Great Casino: All Star Slots top online casino provides you with
a great $787 casino bonus plus unlimited free money and you will have the possibility now to play the famous and well-known cool Triple Twister video slot casino game. Play now...

The lottery is one of the most popular methods of gambling in the UK. Hundreds of thousands of people in the UK buy tickets to be entered into the lottery with the hope of striking it lucky and becoming an overnight millionaire. The main concept of a lottery is that a large number of people buy a ticket for a small fee such as a pound and enter a big draw from which a winner is picked to claim an enormous prize often worth millions of pounds.

Many countries have outlawed gambling and do not allow lotteries to take place but in many countries the lottery has been nationalised and is regulated carefully. They are a relatively new phenomenon and did not really become popular until well after the second world war in the 1960s. The reason for the new interest was that some governments saw it as a way of raising revenue that was separate to taxation.

As a result of the role that thy have played in helping governments raise funds they have been called a regressive tax by critics. The critics of this form of fundraising for a government say that the people that buy tickets are generally the poorer members of society that search for a way to earn large sums of money quickly. As a result it can be seen as a damaging influence on poorer sections of society.

It has also been criticised as many people believe it legitmises gambling and encourages people that wouldn't ordinarily gamble to spend money. It does as a result receive criticism that suggests that it brings about more gambling addicts. There are also strong criticisms that the value of the ticket that is bought is worth significantly less than it costs. This is because lottery companies can be seen to take too big a profit from their lottery.

The majority of lotteries take the form of a cash prize but there are also lotteries that give out goods. One popular form of lottery that guarantees that the operator makes money is the 50-50 draw. In this type of lottery half of the money that is taken in ticket sales is distributed into the prize fund whereas the remaining half is the money that the lottery organiser keeps.

Traditionally lotteries took place where a set number of tickets were sold and that each of these tickets had different numbers. Nowadays this is different. Many people can pick tickets with the same number and often the prize fund is separated between the people that have the same ticket number. This means that there is the potential to have a wide number of different winners in any one lottery.

The major appeal of the lottery is that it enables people to have far reaching dreams of wealth that go well beyond their likely lifetime possibilities. It is believed that people buy tickets for a small cost so that they can allow themselves the luxury of dreaming that they could become wealthy overnight. In this sense it is very different to standard models of economic rationality. People do not generally believe that they will stand to gain from their investment in a lottery ticket but buy one more for the thrill of the possibility.

## End of Article

What do you want to do next ?

Play Casino Games
$4000 Cash Bonus, more than
75 games
Bet on Sports
$250 Cash Bonus, Live Lines Inferno
Play 3D Online Slots
$5000 Free Bonus, Instant Game Play
Play Internet Poker
100% Cash Bonus, $50000 Points Race
Bet on HorsesHorse Betting
$900 Free Plays, Horse Betting Toolkit
Play Online Bingo
Free $6 Bonus. Bingo Tourneys, Slots, Video Poker

Gambling Article Source:

Shaun Parker is a expert gambler and helps people make the most of the money that they spend on theLottery. His advice could help you save money.

Please Rate this Gambling Article


Not yet Rated

Get Lottery articles via RSS by clicking the icon above !

Terms and Conditions : Privacy Policy : About and Contact

* World Series of Poker and WSOP are trademarks of Harrah's License Company, LLC ("Harrah's"). Harrah's does not sponsor or endorse, and is not associated or affiliated with the products, services or promotions presented on this website.

Powered by Article Dashboard