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El Gordo (The Fat One)

Topic closed. 24 replies. Last post 2 years ago by Marilyn222.

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Would you play a "FAT ONE" Christmas Lottery, if it was offered by US State Lotteries?

Absolutely, in addition to the normal state lotter [ 16 ]  [88.89%]
Yes, but instead of the usual the lottery [ 1 ]  [5.56%]
I don't normally play the lottery, but I would lik [ 0 ]  [0.00%]
No, I don't play and I wouldn't play this one [ 1 ]  [5.56%]
Total Valid Votes [ 18 ]  
Discarded Votes [ 2 ]  
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United States
Member #161539
December 3, 2014
328 Posts
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Posted: December 24, 2014, 11:58 am - IP Logged

Well I have to retract when I posted earlier that Thrifty might like this game ... only playing once a year !

I really didn't have any idea of the actual cost ... I had seen $25 a ticket posted and now I see $243 ... but the game has been around for over 200 years ... the ticket prices didn't seem to kill it off.

I believe that I read where people can buy part of a ticket as they do in many towns so there can be many winners on one ticket and everyone still gets a lot of money, depending on shares owned.

I'm not an El Gordo expert ... just fascinated with a lottery that is over 200 years old with rich history.

Think of all the people that have played this game over the years ... they were young, got old ... died off and their children played till they died and so it goes into 2015.

CW

    ThatScaryChick's avatar - x1MqPuM
    Idaho
    United States
    Member #56506
    November 21, 2007
    6537 Posts
    Offline
    Posted: December 24, 2014, 12:30 pm - IP Logged

    So you would play a game that has dollar-for-dollar odds of 1 in 24,300,000 for a chance to win just under $5 million at the most? And at a cost of $243?

    Heck, that's actually worse than Monopoly Millionaires' Club LOL

    I thought the prize was larger and at first I thought the ticket price was $50 or something. So yeah it changes things a bit.

    "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."


      United Kingdom
      Member #162012
      December 19, 2014
      23 Posts
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      Posted: December 24, 2014, 12:39 pm - IP Logged

      I wanted to take the survey but I don't know what exactly "FAT ONE" means.

      By they way does anyone know why i can't log into my account? I signed up yesterday and today I can't log in, it keeps saying welcome guest so I had to re-register.

      Also i can't find my posts from yesterday, it's all gone.

      Lottery Christmas is celebrated on December 22 and has many lottery prizes low amount ( € 100 , € 6,000 ) and then there are special prizes ( € 20,000 , € 40,000 , € 60,000 ... ) and then there is the third prize , second prize and the first " El Gordo de Navidad" ( € 400,000 ) prize for each ticket each series ... Also has opted refund of money if your ticket ends on the last digit of the jackpot. 

      Number : 13,437 -> All tickets are finished on 7 returns the money

      Series: Each issue has 180 sets of 10 fractions each series (this is called a ticket and costs 200 € )

      Fraction : 10 tickets for each serial number (a fraction costs 20 € )

      Then we have for the first prize (and assuming it has sold all fractions of all series in this issue) :

      Series 180 * 10 = 1,800 tickets fractions number 13,437 awarded € 400,000

      As seen in the news, and in my area of residence , this number was bought by many people, and involves much joy at this time .The same rule applies for prizes second, third , fourth, fifth , stone-throwing and withdrawals ... The state intended to award 70% of the proceeds. For example in 2012 was raised 2,466

       

       

      La Lotería de Navidad se celebra el 22 de diciembre, y esta lotería posee muchos premios de baja cuantía (100€, 6,000€) y luego están los premios especiales (20,000€, 40,000€, 60,000€...) y luego está el tercer premio, el segundo premio y el primer premio "El Gordo de Navidad" (400,000€) para cada boleto de cada serie... También tiene reintegro del dinero apostado si tu boleto termina en el último dígito del premio gordo.

      Número: 13.437 -> Todos los boletos terminados en 7 se les devuelve el dinero

      Serie: Cada número dispone de 180 series de 10 fracciones cada serie (a esto se le llama billete y cuesta 200€)

      Fracción: 10 boletos por cada serie del número (una fracción cuesta 20€)

       

      Entonces tenemos que para el primer premio (y suponiendo que se hayan vendido todas las fracciones de todas las series de este número):

      180 series * 10 fracciones = 1800 boletos del número 13.437 premiados con 400,000€

      Por lo que se observan en las noticias, y en mi zona de residencia, este número fue comprado por mucha gente, y supone mucha alegría en estas fechas.

      La misma norma aplica para los premios segundos, terceros, cuartos, quintos, pedreas y reintegros...

       

      El estado destina a premios el 70% de lo recaudado. Como ejemplo en 2012 se recaudaron 2,466 millones

        Avatar

        United States
        Member #161539
        December 3, 2014
        328 Posts
        Offline
        Posted: December 24, 2014, 1:11 pm - IP Logged
        Lottery Christmas is celebrated on December 22 and has many lottery prizes low amount ( € 100 , € 6,000 ) and then there are special prizes ( € 20,000 , € 40,000 , € 60,000 ... ) and then there is the third prize , second prize and the first " El Gordo de Navidad" ( € 400,000 ) prize for each ticket each series ... Also has opted refund of money if your ticket ends on the last digit of the jackpot. 

        Number : 13,437 -> All tickets are finished on 7 returns the money

        Series: Each issue has 180 sets of 10 fractions each series (this is called a ticket and costs 200 € )

        Fraction : 10 tickets for each serial number (a fraction costs 20 € )

        Then we have for the first prize (and assuming it has sold all fractions of all series in this issue) :

        Series 180 * 10 = 1,800 tickets fractions number 13,437 awarded € 400,000

        As seen in the news, and in my area of residence , this number was bought by many people, and involves much joy at this time .The same rule applies for prizes second, third , fourth, fifth , stone-throwing and withdrawals ... The state intended to award 70% of the proceeds. For example in 2012 was raised 2,466

         

         

        La Lotería de Navidad se celebra el 22 de diciembre, y esta lotería posee muchos premios de baja cuantía (100€, 6,000€) y luego están los premios especiales (20,000€, 40,000€, 60,000€...) y luego está el tercer premio, el segundo premio y el primer premio "El Gordo de Navidad" (400,000€) para cada boleto de cada serie... También tiene reintegro del dinero apostado si tu boleto termina en el último dígito del premio gordo.

        Número: 13.437 -> Todos los boletos terminados en 7 se les devuelve el dinero

        Serie: Cada número dispone de 180 series de 10 fracciones cada serie (a esto se le llama billete y cuesta 200€)

        Fracción: 10 boletos por cada serie del número (una fracción cuesta 20€)

         

        Entonces tenemos que para el primer premio (y suponiendo que se hayan vendido todas las fracciones de todas las series de este número):

        180 series * 10 fracciones = 1800 boletos del número 13.437 premiados con 400,000€

        Por lo que se observan en las noticias, y en mi zona de residencia, este número fue comprado por mucha gente, y supone mucha alegría en estas fechas.

        La misma norma aplica para los premios segundos, terceros, cuartos, quintos, pedreas y reintegros...

         

        El estado destina a premios el 70% de lo recaudado. Como ejemplo en 2012 se recaudaron 2,466 millones

        Thanks for providing more information on El Gordo ... still facinating to me.

        I agree with ThatScaryChick ... would have to rethink everything ... I just thought with the game being on sale all year, the tickets would not be so high ... even at a lower price you would think the jackpot would have to be huge after growing for a whole year ... but then again we are talking "billions" so a lower price ticket might not get there.

        I would still give it a shot ... just would cut back on something else, ... almost everything !!!

        Where there's a will there's a way ... or however that saying goes !

          LottoMetro's avatar - Lottery-024.jpg
          Happyland
          United States
          Member #146344
          September 1, 2013
          1131 Posts
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          Posted: December 24, 2014, 3:40 pm - IP Logged

          Thanks for providing more information on El Gordo ... still facinating to me.

          I agree with ThatScaryChick ... would have to rethink everything ... I just thought with the game being on sale all year, the tickets would not be so high ... even at a lower price you would think the jackpot would have to be huge after growing for a whole year ... but then again we are talking "billions" so a lower price ticket might not get there.

          I would still give it a shot ... just would cut back on something else, ... almost everything !!!

          Where there's a will there's a way ... or however that saying goes !

          The "overall" jackpot is huge and in the billions, it's just that there are 160 of the top prizes given away which makes each prize smaller. Most people don't pay the $243 or whatever for the billete, so this is why there are usually many many winners all sharing the pot (which explains the popularity). I think the odds of winning anything are like 1 in 7, better than many games, but still not worth buying a billete especially since the top prize for the odds and cost is worse than elsewhere.

          If the chances of winning the jackpot are so slim, why play when the jackpot is so small? Your chances never change, but the potential payoff does.
          If a crystal ball showed you the future of the rest of your life, and in that future you will never win a jackpot, would you still play?

          2017: 0% (0 tickets)
          P&L % = Total Win($)/Total Wager($) - 1

            Avatar
            Kentucky
            United States
            Member #32652
            February 14, 2006
            7343 Posts
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            Posted: December 24, 2014, 6:03 pm - IP Logged

            I thought the prize was larger and at first I thought the ticket price was $50 or something. So yeah it changes things a bit.

            1€4,000,000El Gordo (First Prize)€4,000,000
            1€1,250,000Second Prize€1,250,000
            1€500,000Third Prize€500,000
            2€200,000Fourth Prizes€400,000
            8€60,000Fifth Prizes€480,000
            1,794€1,000La Pedrea€1,794,000
            2€20,000For the two numbers before and after the First Prize (approximations)€40,000
            2€12,500For the two numbers before and after the Second Prize (approximations)€25,000
            2€9,600For the two numbers before and after the Third Prize (approximations)€19,200
            99€1,000For the 99 numbers with the same first three digits of the First Prize€99,000
            99€1,000For the 99 numbers with the same first three digits of the Second Prize€99,000
            99€1,000For the 99 numbers with the same first three digits of the Third Prize€99,000
            198€1,000For the 99 numbers with the same first three digits of each of the Fourth Prizes€198,000
            999€1,000For the 999 numbers with the same two last digits as the First Prize€999,000
            999€1,000For the 999 numbers with the same two last digits as the Second Prize€999,000
            999€1,000For the 999 numbers with the same two last digits as the Third Prize€999,000
            9,999€200For the 9,999 numbers with the same last digit as the First Prize (refund)€1,999,800

            Prizes are based on one 200 Euro ticket.

            One ticket costs 200 Euros and the conversion rate to dollars is 1.219 as of today. They sell 1/10 of a ticket for 20 Euros, which most people purchase. One ticket out of every 100,000 sold wins a $4,780,000 jackpot prize or 10 tickets out of 1 million wins $478,000 if players bought Décimo tickets.

            From what I've read, it's called the Spanish Christmas Lottery and El Gordo means first or top prize. In 2012 there were 180 El Gordos, in 2011 most were won in one town, and in 2010, about 45% of the top prizes were won in Barcelona. In 2013, they created a limit of 160 series from 180 with each series having 100,000 tickets. As you can see by the chart, the secondary prizes are pretty good. One out of every 10 tickets gets refund and probably a nice game for poll play.

              ThatScaryChick's avatar - x1MqPuM
              Idaho
              United States
              Member #56506
              November 21, 2007
              6537 Posts
              Offline
              Posted: December 24, 2014, 8:16 pm - IP Logged
              1€4,000,000El Gordo (First Prize)€4,000,000
              1€1,250,000Second Prize€1,250,000
              1€500,000Third Prize€500,000
              2€200,000Fourth Prizes€400,000
              8€60,000Fifth Prizes€480,000
              1,794€1,000La Pedrea€1,794,000
              2€20,000For the two numbers before and after the First Prize (approximations)€40,000
              2€12,500For the two numbers before and after the Second Prize (approximations)€25,000
              2€9,600For the two numbers before and after the Third Prize (approximations)€19,200
              99€1,000For the 99 numbers with the same first three digits of the First Prize€99,000
              99€1,000For the 99 numbers with the same first three digits of the Second Prize€99,000
              99€1,000For the 99 numbers with the same first three digits of the Third Prize€99,000
              198€1,000For the 99 numbers with the same first three digits of each of the Fourth Prizes€198,000
              999€1,000For the 999 numbers with the same two last digits as the First Prize€999,000
              999€1,000For the 999 numbers with the same two last digits as the Second Prize€999,000
              999€1,000For the 999 numbers with the same two last digits as the Third Prize€999,000
              9,999€200For the 9,999 numbers with the same last digit as the First Prize (refund)€1,999,800

              Prizes are based on one 200 Euro ticket.

              One ticket costs 200 Euros and the conversion rate to dollars is 1.219 as of today. They sell 1/10 of a ticket for 20 Euros, which most people purchase. One ticket out of every 100,000 sold wins a $4,780,000 jackpot prize or 10 tickets out of 1 million wins $478,000 if players bought Décimo tickets.

              From what I've read, it's called the Spanish Christmas Lottery and El Gordo means first or top prize. In 2012 there were 180 El Gordos, in 2011 most were won in one town, and in 2010, about 45% of the top prizes were won in Barcelona. In 2013, they created a limit of 160 series from 180 with each series having 100,000 tickets. As you can see by the chart, the secondary prizes are pretty good. One out of every 10 tickets gets refund and probably a nice game for poll play.

              Thanks for this info, Stack. It's a very interesting way to run a game and it seems to be working for them if it's been going on for 200 years.

              "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."


                United Kingdom
                Member #162012
                December 19, 2014
                23 Posts
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                Posted: December 25, 2014, 5:58 am - IP Logged

                Thanks for providing more information on El Gordo ... still facinating to me.

                I agree with ThatScaryChick ... would have to rethink everything ... I just thought with the game being on sale all year, the tickets would not be so high ... even at a lower price you would think the jackpot would have to be huge after growing for a whole year ... but then again we are talking "billions" so a lower price ticket might not get there.

                I would still give it a shot ... just would cut back on something else, ... almost everything !!!

                Where there's a will there's a way ... or however that saying goes !

                There is also the draw of "El Niño", which is celebrated on January 6th. It's like "El Gordo de Navidad", but the rewards are minor (the bolet "décimo" cost the same 20€). 

                PS: When we talk about the lottery "El Gordo de Navidad", we always refer to the game mode of "Lotería Nacional"; since there is another game called "El Gordo de la Primitiva " which is completely different and that corresponds to the type of game of "Lotería Primitiva " (this is a 5/ 54-1/10 and every Sunday is celebrated with an minimum jackpot of € 5,000,000€) .Official web: triplew dot loteriasyapuestas dot es

                 

                 

                También existe el sorteo de "El Niño", que se celebra el 6 de enero. Es igual que "El Gordo de Navidad", pero los premios son de menor cuantía (el boleto "décimo" cuesta igualmente 20€).

                PD: Cuando hablamos de la lotería de "El Gordo de Navidad", nos referimos siempre a la modalidad de juego de "Loteria Nacional"; ya que existe otro juego llama "El Gordo de la Primitiva" que es completamente diferente y que se corresponde con la modalidad de juego de "Lotería Primitiva" (este es un 5/54-1/10 y se celebra todos los domingos con un bote mínimo de 5,000,000€).

                Web oficial: triplew dot loteriasyapuestas dot es

                  United Kingdom
                  Member #162012
                  December 19, 2014
                  23 Posts
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                  Posted: December 25, 2014, 6:11 am - IP Logged
                  The benefits obtained by the state of " El Gordo de Navidad" y "El Niño" ( roughly 30 % of recaudad , the remaining 70 % is for prizes). This 30 % goes about 3% maintaining infrastructure "Loterías del Estado" and about remaining 25-27 % is for social purposes : Christmas Food homeless , soup kitchens , food delivery to needy , second chance to people in social exclusion ...


                  Los beneficios obtenidos por el estado de "El Gordo de la Navidad" (más o menos el 30% de lo recaudad, el 70% restante es para premios). Este 30% se destina un 3% aproximadamente al mantenimiento de la infraestructura de "Loterías del Estado", y aproximadamente el 25-27% restante se destina a fines sociales: Comida de navidad a personas sin hogar, comedores sociales, reparto de comida a personas necesitadas, segunda oportunidad a personas en exclusión social...


                    Marilyn222's avatar - thumb 350-286546.jpg
                    Denver
                    United States
                    Member #117684
                    October 12, 2011
                    552 Posts
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                    Posted: December 26, 2014, 11:49 pm - IP Logged

                    Now I understand what El Gordo de Navidad is. I thought it's like PB or MM and win the whole Euro Billions JP prize by yourself or maybe with someone with the same numbers. Green laugh

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