Free lottery
From Wikipedia, the free encyclopedia
A free lottery is a popular form of gaming in the internet which involves the drawing of lots for a prize. Compared to a real lottery there is no money, no wager to enter the game. That is why in some countries free lotteries do not fall in the category of lottery, betting or gambling. Therefore organizing a free lottery has been possible with fewer regulations as they are not under the same degree of regulation by governments as regular state lotteries. They are rather considered as promotion games.
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[edit] History
In the United States, the existence of free lotteries started during the internet boom time during the late 1990s. The first major free lottery in the U.S
In December 2007 Luckery.com[1] launched the UK's Biggest Ever Free Lottery, with a prize of £10 Million, which is still open to users worldwide (as of 11/02/08).
[edit] Game
Compared to a regular lottery there is no wager in money. To enter the game, the player usually has to view advertisements or even click on internet banners. The jackpot is financed by advertisements directly or cross-financed through other income from the same web-presence.
[edit] Probability of winning compared to regular lotteries
The chances of winning a free lottery jackpot are principally determined by several factors as in regular lottery: the count of possible numbers, the count of winning numbers drawn, whether or not order is significant and whether drawn numbers are returned for the possibility of further drawing.
Mostly, free lottery chances of winning are even a lot lower than in regular lotteries. Additional to that, free lottery prizes are often rewarded as monthly amounts stretched over a long period of time. If you calculate the net present value of the winnings you can often find out, that the total sum is only half or less of the net amount that's rewarded.
