Avoid the 50p Euromillions price increase IF YOUR ARE WILLING TO RISK BETTING WITH Lottoland - HotUKDeals
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Avoid the 50p Euromillions price increase IF YOUR ARE WILLING TO RISK BETTING WITH Lottoland £2.00

£2.00 @ Lottoland
The title has been changed to reflect the fact the you are not buying a lottery ticket via Lottoland, but you are placing a bet with them and in theory they pay you directly if you win. Lottoland… Read More
intime Avatar
7m, 3d agoFound 7 months, 3 days ago
The title has been changed to reflect the fact the you are not buying a lottery ticket via Lottoland, but you are placing a bet with them and in theory they pay you directly if you win.

Lottoland are freezing their EuroMillions prices.

While you’ll have to pay £2.50 for a EuroMillions ticket elsewhere, you can continue betting on the draw for just £2.

Bet just 1 line on each draw and you’ll save £52 a year! Bet 2 lines on each draw and you’ll save £104!

NB: The Euromillions odds have got worse. There's been a change to the way you choose your numbers; from now on you’ll pick 2 lucky stars from 1-12, instead of 1-11.
intime Avatar
7m, 3d agoFound 7 months, 3 days ago
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2 Likes #1
but lottoland do not buy the euro-millions tickets they are just bookies giving you odds and hoping you do not win.
Also you do not get the million pound raffle tickets or other extra prizes etc
1 Like #2
Do you think that if you won 57 million lottoland would pay you out?
2 Likes #3
antenna
Do you think that if you won 57 million lottoland would pay you out?

You're right, I read their terms and conditions, avoid!
1 Like #4
Ralph888
antenna
Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!

Give us the bullet points for those who can't be bothered to check.
8 Likes #5
g8spur
Ralph888
antenna
Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!

Give us the bullet points for those who can't be bothered to check.


It's hard to bullet point but there are things like, for big prizes they will open a bank account in Gibraltar for the winner and pay them into that, and then the winner has to deal with fees, transfers, taxes etc from there.

Then it's a company called EU lotto that is the actual bookmaker and if they don't pay out to Lottoland then it's tough luck.

And finally at any time whenever they want for whatever reason they want they can terminate an account even if it has won.

The T&Cs of the real Lotto etc. seem a hell of a lot fairer.

I would suggest that if there were a major winner it seems doubtful that there would be a payout based on all the escape clauses.

The way they guarantee the payout does not sound safe either: Lotto themselves have the cash stashed in an account ready to send out, whilst this lot use "hedging and investment" but there is no set aside fund to match large payouts.

They are banking on pulling in a tidy profit with no jackpot winners... And if one comes along could well just close down or shut the winners account. It's all there in the T&Cs.
3 Likes #6
The title should be the first word then the last.
#7
wow if i want to play i rather do it with lotto, at least i know i would get the money if i won something bug
#8
Nujol
g8spur
[quote=Ralph888][quote=antenna] Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!

All good to know and what a great business model. A great way to build a investment funds. I doubt they'd pay out on a win that would bankrupt them, in fact it is a guaranteed cert they wouldn't or who would invest in them?

That said, there's next to no chance of winning the Euromillions anyway, which I suppose is the point of their business model. I'll just keep my Topcashback and call it a day.

Edited By: intime on Sep 24, 2016 13:50
#9
Nujol
g8spur
Ralph888
antenna
Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!

Give us the bullet points for those who can't be bothered to check.


It's hard to bullet point but there are things like, for big prizes they will open a bank account in Gibraltar for the winner and pay them into that, and then the winner has to deal with fees, transfers, taxes etc from there.

Then it's a company called EU lotto that is the actual bookmaker and if they don't pay out to Lottoland then it's tough luck.

And finally at any time whenever they want for whatever reason they want they can terminate an account even if it has won.

The T&Cs of the real Lotto etc. seem a hell of a lot fairer.

I would suggest that if there were a major winner it seems doubtful that there would be a payout based on all the escape clauses.

The way they guarantee the payout does not sound safe either: Lotto themselves have the cash stashed in an account ready to send out, whilst this lot use "hedging and investment" but there is no set aside fund to match large payouts.

They are banking on pulling in a tidy profit with no jackpot winners... And if one comes along could well just close down or shut the winners account. It's all there in the T&Cs.


I read that Lloyds of London insured them for jackpot payout.
So if someone happens to win the jackpot, the insurance would pay out.
But then, with all the clauses and legal languages I don't think it's worth it.
#10
oqey
Nujol
g8spur
Ralph888
antenna
Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!

Give us the bullet points for those who can't be bothered to check.


It's hard to bullet point but there are things like, for big prizes they will open a bank account in Gibraltar for the winner and pay them into that, and then the winner has to deal with fees, transfers, taxes etc from there.

Then it's a company called EU lotto that is the actual bookmaker and if they don't pay out to Lottoland then it's tough luck.

And finally at any time whenever they want for whatever reason they want they can terminate an account even if it has won.

The T&Cs of the real Lotto etc. seem a hell of a lot fairer.

I would suggest that if there were a major winner it seems doubtful that there would be a payout based on all the escape clauses.

The way they guarantee the payout does not sound safe either: Lotto themselves have the cash stashed in an account ready to send out, whilst this lot use "hedging and investment" but there is no set aside fund to match large payouts.

They are banking on pulling in a tidy profit with no jackpot winners... And if one comes along could well just close down or shut the winners account. It's all there in the T&Cs.


I read that Lloyds of London insured them for jackpot payout.
So if someone happens to win the jackpot, the insurance would pay out.
But then, with all the clauses and legal languages I don't think it's worth it.


Where is the evidence of this as there is no mention of it in their T and C's. And presumably you are talking about "EU Lotto" having that insurance in Gibraltar, not Lottoland who are just a processing agent.

Personally I see no reason to use this lot rather than the real Lotto people.
#11
is the price increase a punishment for brexit?
1 Like #12
hardbast
is the price increase a punishment for brexit?


Haha! You think the European are stacking the odds in their favour?
#13
How can I be sure I will get paid?

We are audited by KPMG and fully licensed by the UK Gambling Commission. In order for us to retain this license we have to prove that we are able to make the required payments to our players should they win.

Smaller Payments

We make all payouts directly from the fund we have acquired from total stake sales.

Larger Payments

We take out policies with world leading insurers to cover larger payments.
2 Likes #14
midi9191
How can I be sure I will get paid?
We are audited by KPMG and fully licensed by the UK Gambling Commission. In order for us to retain this license we have to prove that we are able to make the required payments to our players should they win.
Smaller Payments
We make all payouts directly from the fund we have acquired from total stake sales.
Larger Payments
We take out policies with world leading insurers to cover larger payments.

Good point when did an insurance company ever pay out in full?
#15
Nujol
g8spur
Ralph888
antenna
Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!
Give us the bullet points for those who can't be bothered to check.
It's hard to bullet point but there are things like, for big prizes they will open a bank account in Gibraltar for the winner and pay them into that, and then the winner has to deal with fees, transfers, taxes etc from there.
Then it's a company called EU lotto that is the actual bookmaker and if they don't pay out to Lottoland then it's tough luck.
And finally at any time whenever they want for whatever reason they want they can terminate an account even if it has won.
The T&Cs of the real Lotto etc. seem a hell of a lot fairer.
I would suggest that if there were a major winner it seems doubtful that there would be a payout based on all the escape clauses.
The way they guarantee the payout does not sound safe either: Lotto themselves have the cash stashed in an account ready to send out, whilst this lot use "hedging and investment" but there is no set aside fund to match large payouts.
They are banking on pulling in a tidy profit with no jackpot winners... And if one comes along could well just close down or shut the winners account. It's all there in the T&Cs.

Would rather spend the extra 50p and if I win I would at least be able to get the money
#16
intime
Nujol
g8spur
[quote=Ralph888][quote=antenna] Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!
All good to know and what a great business model. A great way to build a investment funds. I doubt they'd pay out on a win that would bankrupt them, in fact it is a guaranteed cert they wouldn't or who would invest in them?
That said, there's next to no chance of winning the Euromillions anyway, which I suppose is the point of their business model. I'll just keep my Topcashback and call it a day.
They also deal with all sorts of other international lotteries. Some of the jackpots or intermediate prizes are not that high. Some are 1million or less. I wonder if they would renege on those too.
#17
mcfatty
intime
Nujol
g8spur
[quote=Ralph888][quote=antenna] Do you think that if you won 57 million lottoland would pay you out?
You're right, I read their terms and conditions, avoid!
All good to know and what a great business model. A great way to build a investment funds. I doubt they'd pay out on a win that would bankrupt them, in fact it is a guaranteed cert they wouldn't or who would invest in them?
That said, there's next to no chance of winning the Euromillions anyway, which I suppose is the point of their business model. I'll just keep my Topcashback and call it a day.
They also deal with all sorts of other international lotteries. Some of the jackpots or intermediate prizes are not that high. Some are 1million or less. I wonder if they would renege on those too.

Only their insurers know what is worth the risk, probably they are covered to £1,000,000, probably more. Most people with Home Contents or Travel Insurance, have a £1,00,000 third people liability, but if you did make a massive claim, your premiums would rise steeply or make you uninsurable. If Lottoland had to pay out on huge payout they would first consider how to get out of paying and if they had to pay, this would increase the ticket price thereafter.

That said they, and the insurers are banking on no one winning and the odds are in their favour.

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