Betting on the lottery has become a huge thing in the last few years. I first noticed it around 2017. And since then, I’ve noticed more and more lotto betting sites popping up across the web.
Recently, I discovered that you could bet on the NY lottery at BetOnline.ag. So, I decided to write this guide about betting on the lottery.
Betting on the Lottery – How It Works
There are a few different ways to bet on the lottery. What options you’ll have depends on the lotto betting websites you choose.
- Some lotto sites allow you to win the equivalent of jackpots and real money prizes. They offer a lottery derivative where you make picks and play in the draw without buying a real ticket.
- Some lotto gambling sites offer prop bets with fixed odds. For example, at BetOnline.ag, you can bet on whether the first ball will be odd or even in the NY lottery.
First Ball Drawn | Odd | Even |
Odds | -112 | -108 |
This is an attractive bet. If you bet $100 on the first lotto ball in the NY lotto to be odd, your potential return would be $189.29. If you wagered the same $100 on it being even, you could win $192.59. If a minimum return of 89.2% sounds good (provided you guess correctly), then this might be the right New York lotto bet for you.
Why Bet on the Lottery?
As I mentioned above, there are two ways to bet on the lottery. There are prop bets, and there are lotto derivatives. In either case, the main benefit of betting on the NY lottery include the following qualities.
- Fast Money – Lotto draws don’t take long. You’ll have your result in under a minute. NY lotto prop bets, such as the “first ball drawn” bet above, will be settled in seconds.
- Lotto Access – Sticking with the example above, you don’t have to be in New York to make this bet. Players from all over the USA and the world can get in on New York lottery action. It’s not possible for these same players to buy NY lotto tickets.
- Large Returns – If you take the bet mentioned above, you can almost double your money in seconds. Likewise, if you play a lottery derivative and win, you could win the equivalent of the real jackpot.
- Bet Odds – This applies more to prop bets than the other kind. You have an almost 50/50 chance of winning your wager. It’s effectively a real money coin toss.
- Lotto Bonuses – Most of the lotto betting sites will offer welcome bonuses to new players. You could get a 100% deposit match. This would give you a chance to double the size of your bet or set 50% aside for a second bet later on.
As far as I’m concerned, betting on the NY lottery is a no-brainer. For the five reasons above, I find this to be an incredibly attractive bet.
Betting on the Lottery – Tips and Tricks
While I recommend that you take the bet outlined at the top of this page as soon as possible, there are a few things you should consider before risking real money on any lottery draw.
Research Hot and Cold Numbers
Lots of lotto players believe in hot and cold numbers. While I do not use this method for picking lottery numbers, there are lots of people who do believe that certain numbers are either due or are more likely to hit.
When betting on the NY lottery, it’s a good idea to review previous draws. See if you can spot any patterns. Does a certain number hit more frequently than others? Is a specific number due after not showing up in several draws? Do odd or even numbers hit more frequently? Answers to these questions can help you pick winning lottery numbers.
Understand the Draw You’re Betting On
While the “odd or even” bet above is straightforward and simple, there are some more complicated lotto bets available online. For example, if you’re betting on the lottery proper, as in trying to win the jackpot by picking the right numbers, you need to research the game first.
Research whether you can win smaller payouts for matching fewer numbers. Ask if there are special features like multipliers or bonus balls. Check the odds of winning; they can vary greatly between draws.
Pick a Legit Lottery Gambling Site
This might be the most important piece of advice on this page. You can bet on the New York lotto safely at BetOnline.ag, but if you decide to bet on any other lotteries at other gambling sites, you need to research them and make sure they’re legit.
Imagine winning tens of thousands, hundreds of thousands, or even millions and finding out that the operator is rogue and won’t even pay you. It would be devastating. Reading some lotto betting sites reviews will help you find safe, fair, and legit operators.
Lotto Betting vs. Online Keno – Which to Play?
There are pros and cons to both options, and what’s best for one player won’t necessarily be best for another. Instead of telling you what to do, I’ll list the benefits of both options, and you can make your mind up.
Betting on the Lottery Online
Some lottery draws offer much bigger jackpots and payouts. You can win tens of millions by betting on draws like Mega Millions or Euro Millions.
There are lots of lottery prop bets. The New York Lottery bet above is an example. You won’t find many prop bets in keno games.
Playing Real Money Keno
Keno games happen more frequently. While you’ll have to wait for the lottery draw if you choose that option, you can play keno 24/7 at real money keno sites across the web.
There are lots of different keno variants. For example, Power Keno offers 4x multipliers if you catch the last ball. There are also live dealer keno games such as Mega Ball by Evolution.
NY Lotto Betting – Frequently Asked Questions
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Can I bet on the New York lottery if I’m not American?
Yes, if you take the bet shown at the top of this page, you can do so from anywhere. BetOnline.ag does have a restricted territories list, but that wager is open to anyone who can open an account. That means players from most countries can bet on the NY lotto. -
Can you explain betting on a lotto draw more?
Sure. So, the prop bet above is self-explanatory. However, betting on lottery draws is where most people get confused. The lotto betting site offers a bet on the outcome. You place a bet for $1 or whatever a ticket might be worth. They pay based on how many numbers you match. Some aim to match real jackpots, while others pay fixed amounts based on how many numbers you match. It’s like playing in the draw without buying a ticket. The betting site pays you instead of the state. -
Can I bet on the lottery with Bitcoin?
Yes, BetOnline and some other lotto betting websites accept Bitcoin. They also pay winnings Bitcoin. Placing the “odds or evens” wager on the NY lotto could be a fast way to double your Bitcoin stack.
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