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Lotto 27 November 2018
Why Our Top Prizes Are Sometimes Even Bigger
Explained: Special Payouts at Lottoland
Ever seen a top prize on our website that looked far higher than the official one? Well, it's not a typo. Having a 6 instead of a 5 is a typo. Having a prize that's over R 630 million higher than the one being advertised on the high street – that's what we call a Special Payout!
So the reason we're the only site that's advertising that tier 1 amount is because we're the only company out there that can offer it.
So how do we manage it?
The Benefits of Fixed Odds Lotto Betting
Lottoland's business model, in a nutshell, is fixed lotto betting. It's like any other kind of betting really, you stake your money, you choose an outcome and, should you beat the odds, the house pays you out big.
It's like if you went to the bookies, but instead of betting on sports events, you bet on lottery draws. But of course it's also nothing like it because, unlike your local bookies, you can win hundreds of millions of dollars for a simple $5 stake (Bet prices can increase when the top prize hits a certain threshhold)!
Of course since you're betting on the results of the lottery with us, and since we pay out all wins to you directly, we're not constrained by how much the official lottery Tier 1 prize is. Which allows us to make them bigger.
We call them Special Payouts, and we tend to run them coinciding with special holidays or events.
Lottoland: How we operate
The following infographic shows Lottoland's business model, which enables us to offer a wide range of lotteries, accept bets and guarantee millions in pay-outs.
You choose your lucky numbers and complete your betslip online. Lottoland will then send you an automatic order confirmation via e-mail and the ticket will be stored in your player account.
As soon as the official draw has taken place, you will be informed again by e-mail about the outcome and Lottoland will check all submitted coupons. Once the result of the draw is confirmed, any winnings will be credited to your player account. You can then apply for a payout or re-stake your winnings.
The best proof that this business model has proven itself is the huge profits that Lottoland has already paid. In April 2016, for example, one of our players won a Tier 1 prize of 22 million euros and only a short time later, the amount was transferred to his bank account.
Exclusive Special Lottery Payouts
In previous years, for example, we ran two Special Payouts to coincide with the Fourth of July and Thanksgiving. Two American holidays, so it made sense to pick MegaMillions. The former jackpot world champion and current second seed is hardly a stranger to huge top prizes, but we decided to boost it anyway – because in America bigger is always better!
The Biggest Tier 1 Prizes Anywhere!
Rollovers are a key ingredient in creating large lottery Tier 1 Prize – and Special Payouts are no different.
So, as with a regular main prize, if there are no top prize winners the amount rolls over to the next draw, with a hefty extra chunk of prize money loaded up top.
In the case of a Lottoland Special Payout, however, we're already starting with a huge amount and every time there's no winner we start piling on even more cash!
This can lead to exclusive Special Payouts at Lottoland that are two, three or perhaps even four times bigger than the official amount!
Wow – So When's the Next One?
Ah! Well… One of the things that makes our Special Payouts so special, other than their massive size of course, is that we like to keep them secret and then surprise our players with them throughout the year.
So if you're excited by the prospects of super-sized lottery top tier prizes be sure to check in regularly and, if you're not doing so already, be sure to follow us on Facebook, where you'll also find lots of great promotions and prizes for all your favourite lotteries.
D
by
David