Everything You Need To Know About El Gordo

El Gordo
El Gordo lottery
2024-07-02

Are you ready to try your luck at one of Spain’s most popular lottery games, El Gordo? With its incredible payouts, El Gordo has captured the hearts of millions. And now, betting on the outcome of this beloved lottery game is easier than ever with online options available.

In this blog post, we’ll walk you through everything you need to know about betting on the outcome of the El Gordo online, from setting up your account to choosing your lucky numbers. By the end, you’ll be fully equipped to take advantage of this exciting lottery game.

Why bet on El Gordo online?

Convenience at your fingertips

Betting on the outcome of the El Gordo online means you can place your bets from the comfort of your home or office. No need to visit a physical store or stand in long lines. Everything can be done with just a few clicks on your computer or mobile device.

Increased security

When you place your El Gordo bets online with a reputable platform like Lotto247, you don’t have to worry about losing your ticket. Your bets are securely stored, and your numbers are automatically checked against the winning El Gordo numbers after each draw.

Automatic updates

Never miss out on the results. After every draw, the El Gordo results are immediately updated on the website. You can easily check if you’ve won by visiting the results page.

Setting up to your Lotto247 account

Sign up process

To start betting on El Gordo online, you’ll need to sign up for a Lotto247 account. The process is simple and takes just a few minutes. Provide your basic information, create a username and password, and you’re set.

Deposit funds

Once your account is created, you’ll need to deposit funds. Lotto247 offers various safe and secure payment methods, so you can choose the one that’s most convenient for you. Once the funds reflect in your account, you’re ready to place your bets.

Choosing your numbers

To bet on El Gordo, you need to choose five numbers from a pool of 54 and one Key number from a pool of nine. You can manually pick your lucky numbers, or you can use the Lotto247 Quick Pick method, which randomly generates numbers for you.

Understanding the key number

What is the key number?

The Key number in El Gordo acts as the ‘Bonus Ball.’ It increases the value of certain prize tiers, giving you a better chance of winning big

How to choose your key number

You can either choose your Key number manually or use the Quick Pick method. Many players prefer to use significant dates or numbers that hold personal meaning.

When to place your bets

Weekly draws

El Gordo draws are held once a week, every Sunday at 13:00 (CET) in Madrid, Spain. The draw is broadcasted live on Televisión Española and Radio Nacional de España, allowing you to experience the excitement in real-time.

Checking results

After each draw, the results are updated on the Lotto247 website. Visit the El Gordo results page to see if you’ve won.

Benefits of betting on El Gordo online

No physical ticket needed

One of the biggest advantages of betting online is that you don’t need a physical ticket. This eliminates the risk of losing, damaging, or having your ticket stolen.

Automatic number checking

With online betting, your numbers are automatically checked against the winning numbers, ensuring you never miss out on a prize.

Secure transactions

Lotto247 ensures that all transactions are secure, giving you peace of mind when depositing funds and placing bets.

History of the El Gordo lottery

Origins and popularity

The El Gordo lottery was established in 1985 by Royal Decree. The weekly El Gordo lottery was officially launched in 1993 and has since become Spain’s favourite lottery game. Its popularity stems from the favourable chances of winning massive payouts.

Prize tiers and rollovers

El Gordo offers nine rewarding prize tiers, and there’s no cap or rollover limit. The payout value continually rolls over until it is won, sometimes reaching incredibly massive amounts. The minimum starting value is €5 million, which is approximately ZAR 90 million, and it can swell to €30 million, which equates to a staggering ZAR 540 million.

Chances of winning the El Gordo lottery

The El Gordo lottery offers some of the best odds among popular lottery games. Your chances of winning any prize are 1 in 19, and the odds of winning the main prize are 1 in 31,625,100.

Prize categories

Here’s a breakdown of your chances of winning in different prize categories:

Five numbers + Key number: 1 in 31,625,100
Five numbers: 1 in 3,513,900
Four numbers + Key number: 1 in 129,082
Four numbers: 1 in 14,342
Three numbers + Key number: 1 in 2,689
Three numbers: 1 in 299
Two numbers + Key number: 1 in 172
Two numbers: 1 in 19
Key number only: 1 in 10

Interesting facts about El Gordo

Consistency in changes

The El Gordo lottery is known for its consistency. In its launch, it has only made two significant changes. Initially, the draw was held once a month, but in October 1997, it was changed to weekly draws. A significant regulation change in 2005 added a guaranteed minimum of €5 million (approximately ZAR 100 million) and eight prize tiers.

Betting on El Gordo online offers numerous benefits, from convenience to security. Whether you’re a seasoned lottery enthusiast or new to the game, El Gordo provides an exciting opportunity to test your luck. Ready to get started? Sign up for a Lotto247 account today and join the millions who have already experienced the thrill of El Gordo.

Happy betting, and may the odds be in your favour! Remember to gamble responsibly and enjoy the thrill of the game. Whether you’re a seasoned bettor or a newcomer, best of luck with your wagers!

Just a reminder, when you bet at Lotto247 you are placing a fixed odds bet on the outcome of the El Gordo lottery.