What is Lotto Betting?Lotto betting is placing a bet on official lotteries’ draws — to be more specific, betting which lottery balls, or numbers, will be drawn in those draws.
The concept is simple, you pick the numbers that you believe or assume that will be drawn and if you guess correctly, you will win prizes — which are usually cash prizes. The size of the prize(s) will depend on the number of balls you correctly guess, which sometimes is a combination of numbers and special numbers.
How does Lotto Betting work?
“Lotto Betting is not the same as buying a ticket”
In terms of choosing numbers, lotto betting may be the same, but you do not buy a lottery ticket. A lottery operator sells physical and digital tickets directly, whereas lotto betting is conducted through a separate company, such as Multilotto, which is a third independent party. Any prize money you might win is paid out by Multilotto, not the official lottery operator.
Let’s suppose for example that you bet on the EuroMillions jackpot and you guess correctly all the numbers and extra numbers that are drawn. Your prize money will be paid out by Multilotto, not the official EuroMillions operator.
Multilotto matches the winning prizes of official lottery operators
Multilotto will match the winning prizes of each tier that the official lottery operators pay out, including the jackpot, as if you had won with an official lottery ticket. Sometimes in order to buy a real lottery ticket, you have to be in the right place, for example you can only buy US Powerball tickets from various States in the USA. With Multilotto’s service, you don’t have to travel abroad in order to buy tickets from the biggest lotteries in the world, you can bet right from the comfort of your own home on your PC or via your mobile device. Multilotto will also match and pay out the rest of winning prize tiers too for the lottery draw you selected.
Let’s see another example, if you bet on a lottery such as the EuroMillions and you guess correct 5 out of 5 numbers and 1 of the 2 bonus numbers, then you will win the 2nd prize tier, which is usually paying out between £300,000 to £750,000. Multilotto will match this prize and pay out the prize money.
How can Multilotto pay such high jackpot amounts?
Multilotto has established partnerships with well known insurance companies and operates an insurance model, which consequently means that each bet that someone makes is insured and any eventual winnings will be paid. Multilotto will pay all smaller wins directly from the revenue they receive from sales while larger jackpot wins will be covered by Multilotto’s insurance model.
This insurance-based business model enables Multilotto to offer their players the ability to win huge jackpots, offered by official lottery operators, from all over the world. No matter if you want to bet on US Lotteries such as the PowerBall and Mega Millions, or the Brazilian Mega Sena, or maybe the European favorites EuroMillions & Eurojackpot: Multilotto offers you the chance to bet on the lottery draws and win huge jackpots.
For more information please check our Terms and Conditions.