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1/2 price Euromillions tickets from Multilotto

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  • 14-07-2016 9:56am
    #1
    [Deleted User]
    Posts: 0 ✭


    This offer is appearing on Groupon this morning. How can this Multilotto company sell genuine Euromillions tickets at half their price? The only possible way I can think of is if you're buying each line as part of a syndicate, but the "Fine Print" says nothing about that.

    Can somebody explain it? Thanks.


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  • Options
    #2
    shocksy
    Registered Users Posts: 2,610 ✭✭✭shocksy


    Deleted User wrote: »
    This offer is appearing on Groupon this morning. How can this Multilotto company sell genuine Euromillions tickets at half their price? The only possible way I can think of is if you're buying each line as part of a syndicate, but the "Fine Print" says nothing about that.

    Can somebody explain it? Thanks.

    Bump. Living social doing something similar


  • Options
    #3
    BsBox
    Registered Users Posts: 91 ✭✭BsBox


    Doesn't this go against the rules?

    6.6 Sale of Tickets
    a) No person or business other than a Retail Sales Agent under contract for the sale
    of Tickets with The National Lottery may sell Tickets except that nothing in this
    section shall be construed to prevent a person who may lawfully purchase tickets
    from making a gift of Tickets to another.
    b) Tickets may not be sold at a location other than the location address listed on the
    Retail Sales Agent's contract with The National Lottery.
    d) No Retail Sales Agent may sell a Ticket at a price per Play other than that set
    down by The National Lottery.

    Maybe I'm being too skeptical, but it sounds too good to be true. I mean, if you won big and they found out you bought your tickets through this, would your winnings be in jeopardy?


  • Options
    #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    you're effectively betting on the outcome of the draw with them.
    they have lower overheads and nothing to pay to good causes, meaning they can give the same payouts at a lower ticket cost and still turn a profit.


  • Options
    #5
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    the groutch wrote: »
    you're effectively betting on the outcome of the draw with them.
    they have lower overheads and nothing to pay to good causes, meaning they can give the same payouts at a lower ticket cost and still turn a profit.

    But if you win the jackpot of €100 million after buying a Euromillions ticket with them how could they pay it?


  • Options
    #6
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    they use insurance policies to cover that unlikely event.


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  • Options
    #7
    mahoganygas
    Closed Accounts Posts: 1,488 ✭✭✭mahoganygas


    Would they not need a licence to run their own lottery?


  • Options
    #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    the groutch wrote: »
    they use insurance policies to cover that unlikely event.

    Interesting. So they never actually give any of the money you spend on a Euromillions ticket to the Euromillions company? Are they being regulated though? When I searched online before doing the op, there was nothing about the legitimacy of these companies (there are a few of them) and how they worked. In the unlikely event that you won even €300,000 in Euromillions, it would be a bit upsetting to find they won't pay out. It would be an enormous saving to buy these tickets, but so far to me it sounds very much like the scam that hasn't been exposed yet.


  • Options
    #9
    DJIMI TRARORE
    Registered Users Posts: 3,558 ✭✭✭DJIMI TRARORE


    Chris Tarrant was doing an ad for something similar,Lottland? i think. Be wary


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