The team jumped back into the argument this week on betting versus actually playing international lotteries. What started the discussion? We were looking at lottodealer.com which is an online service for betting on lotteries. The big thing that got the discussion going was the actual prize tiers offered by Lottodealer.com. They do seem better than what the real lotteries offer.
Players can bet on a bunch of international lotteries including Italia’s SuperEnalotto, EuroMillion & EuroJackpot, Germany’s Lotto 6 aus 49, Spiel 77 and Glücksspirale, US Powerball & Mega Millions, and Spain’s Loteria de Navidad. Subscriptions are available for 1, 2, 4 8 and 52 weeks.
Lottodealer.com has three syndicates available. Euro Combi includes 155 tickets per week of EuroMillions and EuroJackpot. US Combi includes 82 tickets of Powerball & Mega Millions. The VIP World syndicate includes a total of 512 tickets combining Euro Combi, US Combi and adds 85 SuperEnalotto tickets and 10 Lotto 6 aus 49 (not to be confused with Canada’s 6/49).
Winning at Lotto Dealer
Each of the different lotteries players can bet on have their own prize tier but there are general rules that seem to apply. The lowest winning tier usually is a fixed value in Euros or Dollars. For prize tiers from the second lowest to the fourth, the amount of the bet on the win doesn’t seem to be split, but a paid out at the full amount the lottery publishes – excluding US Powerball. The winnings on the top three tiers are a little different.
And for Jackpots
If one person wins with lottodealer.com and there is no winning ticket, the winner gets the jackpot amount announced. If there is one lottodealer.com jackpot winner and two actual lottery winners, then he/she gets 1/3 of the jackpot. If there are two Lottodealer.com winners and one actual jackpot winner, then the amount paid to each of the winners is 50% of the published jackpot. Does that sound confusing? It is a bit, but the bottom line is it looks like overall betting pays out better than actually winning playing the lottery. Again, this excludes US Powerball which has its own prize tiers buried in the Terms and Conditions.
Getting Your Money from Lottodealer.com
Lottodealer.com will only transfer your winnings to your bank account when the amount is higher than 100 Euros or Dollars. There is a bunch of documentation that is needed, including ID and probably a copy of your bank statement.
Who Can Play?
Besides the usual age restrictions of being 18 years or old and/or of legal gambling age where you reside, players can’t work for the bookmaker (where the bet is actually being placed) and not a resident of Afghanistan, Burundi, CAR, Congo, Eritrea, France, Guineau, Guinea-Bissau, Haiti, Iraq, Iran, Ivory Coast, Lao PDR, Myanmar, North Korea, North and Southern Sudan and Yemen – oh and the good ole US of A.
Who Is Lottodealer.com?
Lottodealer.com is operated by Kootac NV out of Curaçao. Customer services and payments are processed through Kootac Trading Ltd. out of Malta. If you’re wondering why that sounds familiar, they operate a bunch of sites. For questions, they have an email and snail mail address. There are no phone numbers or live chat! There is no information on who they are actually insured with – that’s how online betting on lotteries usually covers any potential big win.
Lastly – the Languages
Click on the little flag button on the top right of the screen and a whole stack of languages (represented by specific flags of that country) pop down. Pick a language and not only does the language on the site change, but the currency of each of the lotteries. Note – there is no US language button.
The Bottom Line at LottoDealer
Looking at the prize tiers, there is something to be said about the amounts that players win. At the same time, we’re back to the ole communication issue where I certainly would not play anywhere that does not offer a telephone number (and someone answers) and live chat.
Good Prize Tiers
Lots of Lotteries to Choose From
Lots of Languages
Who Insures those Jackpots?
Betting on versus Buying Lottery Tickets
The team couldn’t agree whether to give Lottodealer.com a thumbs up or thumbs down. We’re still bickering about the difference between actually buying lottery tickets and betting on lotteries.