Online Lottery Games for Real Money

Lottery is exciting because you can win a lot of money with just a little investment. What’s more, now you don’t even have to go out to buy a ticket. Simply, click on a casino below and start playing online lottery!

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History

Lottery originates from as far back as ancient China in the form of Keno slips. They were a way to raise money for major projects such as the Great Wall of China. Lottery was played for similar reasons in the Roman Empire as well. Organized by Augustus, governmental lottery was played to raise money for the reparation of the City of Rome. This is not to say that lottery wasn’t played just for amusement. Rich noblemen gave away gifts at dinner parties where the guests played the game.

Lottery History

Nowadays, lottery – like many gambling games – is a form of taxation. For the government it is very convenient to get some extra income from the game without having to raise taxes.

Traditionally, we know lottery drawings from the television. Once a week the drawing took place with all sorts of entertainment involved in the meantime. Those who bought the lottery had an extra thrill felt from the hope of getting rich. Sometimes lottery can become a tradition connected to certain holidays.

In Spain, for example, they draw the second oldest lottery in the world at Christmas called El Gordo. Today, we don’t need to wait for the scheduled TV programme to see if our ticket is a winner. Online casinos not only offer the traditional casino games, but lottery as well; and the selection is massive.

Is it possible to win the lottery online?

Generally speaking, the higher the chances of winnings, the lower the price and vice versa, the lower the chance, the higher the price. In case of lottery, if you get all the numbers right, you can win a fortune that will change your life. This means that the probability of winning is extremely low. To get 6 numbers right out of 49, your chance is 1 in 13,983,816.

In other words, to make it plus EV, that is, positive expected value, your winnings have to be higher than 13,983,816 times the cost of the lottery ticket. Naturally, this is never the case. Lottery is always a -EV, negative expected value game. So why do people play it anyway?

The Psychology of Lottery

It is safe to say that most people think that their chances are slim and maybe some of them even know that in the long run they are wasting their money. People are not entirely rational though, there are several psychological factors in play.

Availability Bias

When you hear about an unlikely event happening to a person, e.g.: someone winning the lottery, you will immediately think, or rather feel, that particular event happening to you is more likely. Casinos do that all the time by displaying the jackpot winners on the first page.

Gambler’s Fallacy

Most gamblers think that events are related. In this case an event can be a lottery drawing or a spin of the roulette wheel. The truth is that they are completely independent. If last week the number 3 was drawn, the probability of drawing the number 3 this week is equal to that of last week and next week and so on. Lottery players like to choose their numbers based on past events just like roulette players. As educated gamblers, for us it is important not to fall into this trap.

Near Misses

It is really annoying when a number is drawn that is just one more or one less than yours. This gives the illusion that you were so close and propels you to play more with the false belief that your chances have increased.

Why Play the Lottery

If you enjoy playing the lottery, can afford to lose the money of the ticket and understand your psychological shortcomings (they are not just yours, it’s human nature), then there is no reason not to play it.

Lottery Gameplay

Aside from having fun, you really give yourself the chance to win a large sum of money unlike those who don’t play.

Casinos for Lottery

Here at iVegasCasino.com we always consider the variety of games a casino offers before we include it on our list. Having lottery is a great advantage, but unfortunately still not many casinos have it. One that does is 12Bet.com. They offer in-house devised lottery games as well as the Thai and Vietnamese lotteries.

About 12Bet.com

12Bet is a trustworthy casino where you can play with your favourite casino games aside from lottery. A large number of payment methods, great mobile app and a 24/7 customer service ensure that you’ll have a great casino experience at 12Bet. For further information on this casino, click here.

Lottery 12Bet

What to do When You Win

We can hear from several sources that those who have won the lottery lost all their winnings in a relatively short period of time. As they did not really work for that money, their judgment becomes more frivolous when it comes to spending money. So, in the unlikely event that you win, you need to keep your cool and look for investment opportunities.

Buy yourself some nice things first for sure, but don’t overdo it. Save your money and find some charity you can give some of it away, as research has shown that people are happier when they share their wealth with others.

Conclusion

Lottery is a great way to put your favourite number or the birthdate of your children to good use. It is also great if you want to diversify your gambling, that is to say, you can have some money in lottery tickets whilst playing slots or any other casino game. Head over to 12bet.com now to register an account if you haven’t yet, and start playing lottery and all the amazing games they have on offer. Good luck!

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