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The lottery in Thailand is hugely popular despite the low odds of winning and the unfavourable payout ratio. The payout ratio for the Thai lottery is 60%, [3] as compared to worldwide averages of 74% for bingo, 81% for horse racing, 89% for slot machines, and 98% for blackjack (basic rules). [4] It is the most popular legal form of gambling in ...
The lottery was introduced to Thailand by Chinese immigrants in 1820. Commonly known to the local as "huay", the term is a direct translation of Chinese word huā (Chinese:花) :flower. In the beginning huay was mainly played among the community of Chinese immigrants in Thailand. It was then officially established during the reign of King Rama ...
The first French lottery was created by King Francis I in or around 1505. After that first attempt, lotteries were forbidden for two centuries. They reappeared at the end of the 17th century, as a "public lottery" for the Paris municipality (called Loterie de L'Hotel de Ville) and as "private" ones for religious orders, mostly for nuns in convents.
The reason is that lottery tickets cost more than the expected gain, as shown by lottery mathematics, so someone maximizing expected value would not buy lottery tickets. People buy lottery tickets anyway, either because they do not understand the mathematics, or because they find the thrill and fantasy of becoming wealthy to be worthwhile.
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Lottery betting is the activity of predicting the results of a lottery draw and placing a wager on the outcome. Lottery betting (also known as lotto betting) is a form of online gambling, run by licensed betting firms, where players place bets on the outcome of lottery draws instead of buying physical or online tickets via official lottery operators.
TheLotter agents physically purchase official lottery tickets on their customers' behalf. The tickets are scanned and uploaded to the customer's account before the draw. TheLotter offers customers from all over the world an opportunity to play more than 50 of the most popular draws including the US Powerball , Mega Millions , EuroMillions ...