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El Gordo now available - Drawing Dec. 22

Topic closed. 68 replies. Last post 2 years ago by Todd.

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Todd's avatar - Cylon 2.gif
Chief Bottle Washer
New Jersey
United States
Member #1
May 31, 2000
21579 Posts
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Posted: December 5, 2012, 11:21 am - IP Logged

It's also quite a bit of a markup.  According to Wikipedia, one decimo (share) costs 20 euros, which, depending on which currency converter you use, comes out to between $26.15 and $26.20.  So basically The Lotter stands to make quite a profit on this game alone.

I went to Wikipedia because I didn't fully understand the prize structure and I was hoping for a more thorough explanation than the one that was provided.  I'm still a little foggy on the details, but I think I've got the gist of it now.  It looks fairly complicated, at least when compared to American lotteries, but as Todd said, it also appears to be rather lucrative.  I'll consider buying a share, maybe two if I'm feeling ambitious.

Of course there is a markup.  There is always a markup on El Gordo, because it is a much more intensive job for a service to handle.

But I think you'll find that the service I linked to is actually a lower price than competing services, many of which are pretty shady and don't offer features like the ability to buy specific numbers in advance.  And it's a lot cheaper than buying a plane ticket to Spain.

As I said before in this thread, the lower-tier prizes can be a bit complex, but one of the nice things about the service is they handle all that for you.  There are a lot of lower-tier prizes, and the fact that the spread out the number of jackpot winners means there are tons of millionaires made, not just one or a handful like US raffles.

If you need to be convinced to play El Gordo, then I would probably skip it.  Most lottery players "in the know" go a little overboard on the game because of the wide scale of upside offered.

 

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    arkangel's avatar - anglewings
    Warren,MI.
    United States
    Member #81109
    October 11, 2009
    488 Posts
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    Posted: December 5, 2012, 1:47 pm - IP Logged

    Of course there is a markup.  There is always a markup on El Gordo, because it is a much more intensive job for a service to handle.

    But I think you'll find that the service I linked to is actually a lower price than competing services, many of which are pretty shady and don't offer features like the ability to buy specific numbers in advance.  And it's a lot cheaper than buying a plane ticket to Spain.

    As I said before in this thread, the lower-tier prizes can be a bit complex, but one of the nice things about the service is they handle all that for you.  There are a lot of lower-tier prizes, and the fact that the spread out the number of jackpot winners means there are tons of millionaires made, not just one or a handful like US raffles.

    If you need to be convinced to play El Gordo, then I would probably skip it.  Most lottery players "in the know" go a little overboard on the game because of the wide scale of upside offered.

    Just went to look and 4 shares is the deal for26.20 , $52.40 for 8 shares, any combination,take all the shares and your the winner.Very affordable for me.Good Luck!!!!!!!!!!

      mediabrat's avatar - 18z0typ
      upstate NY
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      March 31, 2011
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      Posted: December 5, 2012, 3:11 pm - IP Logged

      Just went to look and 4 shares is the deal for26.20 , $52.40 for 8 shares, any combination,take all the shares and your the winner.Very affordable for me.Good Luck!!!!!!!!!!

      Say what?  When I went there, they were charging $45.75 per share.  If you bought 4, they'd take off $26.20 ($6.55 a share).

      Or is that (the second part) what you meant to say?

      States do not win the lottery.  PEOPLE win the lottery.

        Original Bey's avatar - Lottery-022.jpg

        Bahamas
        Member #133467
        September 30, 2012
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        Posted: December 5, 2012, 3:22 pm - IP Logged

        Say what?  When I went there, they were charging $45.75 per share.  If you bought 4, they'd take off $26.20 ($6.55 a share).

        Or is that (the second part) what you meant to say?

        Thumbs Up

        You're correct. If you were in Spain buying the shares yourself it would come at a cost of 20 euros a share. They couldn't possibly sell it below that price.

        "Everything works  ONCE!"

          dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
          Oklahoma
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          Posted: December 5, 2012, 4:01 pm - IP Logged

          Thanks for the info Todd.....Thumbs Up

          I Love Pink & Green 1908

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            Japan
            Member #131610
            August 14, 2012
            372 Posts
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            Posted: December 5, 2012, 9:46 pm - IP Logged

            I want to purchase, just like I wanna purchase some other lotteries. Seeing I'm Japan and can't play them.

            So How?! My credit card won't be eccepted and I even tried using something called skrill. Thought it would let me since I give it money and then use that account to buy lotto (from TheLotter) and it still says My bank stopped/does not allow the Transaction.

             I would realy love to buy a ticket...any lotto ticket really.

            some ENLIGHTEN me. 

            ....Sad

              savagegoose's avatar - ProfilePho
              adelaide sa
              Australia
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              April 11, 2006
              2791 Posts
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              Posted: December 6, 2012, 3:09 am - IP Logged

              i see a prize of $4  mill  is that per share, they seem to be selling 30 shares. is that going 1/3 in a  10th, or 30th? basically i really want to know is the 4 mill  per share bought ?

              2014 winnings

              JAN -$48.50;  FEB  -$77.5; MAR -$18.05;  APR -$96.05 MAY -$61.10; JUN $-85; JUL $-88.9;AUG -$144.10

              yearly grand totalspent = 938.05won= 318.8-$619.25


                rdgrnr's avatar - walt
                -Ridge Runner- Oracle of the Appalachians
                Way back up in them dadgum hills, son!
                United States
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                Posted: December 6, 2012, 7:09 am - IP Logged

                I want to purchase, just like I wanna purchase some other lotteries. Seeing I'm Japan and can't play them.

                So How?! My credit card won't be eccepted and I even tried using something called skrill. Thought it would let me since I give it money and then use that account to buy lotto (from TheLotter) and it still says My bank stopped/does not allow the Transaction.

                 I would realy love to buy a ticket...any lotto ticket really.

                some ENLIGHTEN me. 

                ....Sad

                Do you have a Visa Card?

                That's what I used and had no problem.

                  CARBOB's avatar - FL LOTTERY_LOGO.png
                  ORLANDO, FLORIDA
                  United States
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                  Posted: December 6, 2012, 7:15 am - IP Logged

                  Do you have a Visa Card?

                  That's what I used and had no problem.

                  rdgrnr,

                  They may not be accepting any of the cards Obama passed out, saving them for Detroit!!!

                    rdgrnr's avatar - walt
                    -Ridge Runner- Oracle of the Appalachians
                    Way back up in them dadgum hills, son!
                    United States
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                    Posted: December 6, 2012, 7:48 am - IP Logged

                    rdgrnr,

                    They may not be accepting any of the cards Obama passed out, saving them for Detroit!!!

                    Yeah, for the quid pro quo, lol. One hand washes the other.

                      x1kosmic's avatar - neptune vg2.gif

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                      December 7, 2006
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                      Posted: December 6, 2012, 4:20 pm - IP Logged

                      It Looks like  the  website has purchased about   30-40 tickets

                               ... if you shuffle through them

                        uuuummmmm.....  I was kinda thinking of getting a Few Shares

                                   'cause  I've got  about  $300 dollars  worth of  Scrath-Off Wins

                                                             that I've been saving up since mabey  September

                                                                                QUESTION??????

                      It looks like  ( if you shuffle through them )

                                   ... that the tickets with  matching numbers  like  77550

                                             don't have very many left   as opposed to a ticket

                            with no matching numbers       like   34720

                      are the matching number tickets more  lucrative   than the   non matching number tikets

                                                        I know it seems kinda Nit - Picky

                      It also kinda looks like   for ONE  share    if your ticket wins   a Million  you get  $100,00 dollars

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                        Japan
                        Member #131610
                        August 14, 2012
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                        Posted: December 6, 2012, 7:08 pm - IP Logged

                        Do you have a Visa Card?

                        That's what I used and had no problem.

                        yes Sir....its a Navy Federal [visa] card

                          But it always declines my transaction when I try to buy Lotto from that site or any site with Lotto

                          rdgrnr's avatar - walt
                          -Ridge Runner- Oracle of the Appalachians
                          Way back up in them dadgum hills, son!
                          United States
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                          Posted: December 7, 2012, 7:43 am - IP Logged

                          yes Sir....its a Navy Federal [visa] card

                            But it always declines my transaction when I try to buy Lotto from that site or any site with Lotto

                          Bummer, maybe that one's blocked somehow.

                          Maybe you could get one of your buddies to go halves with ya and use their card.

                          Good luck.

                            maringoman's avatar - kobold
                            Massachusetts
                            United States
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                            April 14, 2006
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                            Posted: December 7, 2012, 9:02 am - IP Logged

                            I just bought 2 tickets! 

                            Different numbers of course Thumbs Up

                            It's a futile effort.

                              RedStang's avatar - lotto zpse7a2fd55.jpg
                              Dutchess NY
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                              January 21, 2012
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                              Posted: December 7, 2012, 9:30 am - IP Logged

                              Bought 1, but wanted 4 different numbers. They should put the tickets in a big list so you can scroll up and down instead of shuffling. Credit card company says it was billed to Illinois. Anything related to overseas puts a red flag on my card and blocks it. Girl must of thought i was nuts when i told her it was a Spanish raffle.  GLLLLLLLL