Web Results
Content Results
  • National Lottery (United Kingdom)

    serch.it?q=National-Lottery-(United-Kingdom)

    The National Lottery is the state-franchised national lottery in the United Kingdom. It is operated by Camelot Group, to whom the licence was granted in 1994, 2001 and again in 2007. The lottery was initially regulated by the National Lottery Commission, which has since been abolished and its responsibilities transferred to the Gambling Commission, and was established by the government of John Major in 1994. All prizes are paid as a lump sum and are tax-free. Of all money spent on National Lottery games, around 53% goes to the prize fund and 25% to "good causes" as set out by Parliament (though some of this is considered by some to be a form of "stealth tax" levied to support the Big Lottery Fund, a fund constituted to support public spending). 12% goes to the UK Government as lottery duty, 4% to retailers as commission, and a total of 5% to operator Camelot, with 4% to cover operating costs and 1% as profit. Lottery tickets and scratch cards (introduced in 1995) may be bought only by people of at least 16 years of age.

  • Numbers game

    serch.it?q=Numbers-game

    The numbers game, also known as the numbers racket, the policy racket, the policy game, the Italian lottery, or the daily number, is a form of illegal gambling or illegal lottery played mostly in poor and working class neighborhoods in the United States, wherein a bettor attempts to pick three digits to match those that will be randomly drawn the following day. For many years the "number" has been the last three digits of "the handle", the amount race track bettors placed on race day at a major racetrack, published in racing journals and major newspapers in New York. Gamblers place bets with a bookmaker ("bookie") at a tavern, bar, barber shop, social club, or any other semi-private place that acts as an illegal betting parlor. Runners carry the money and betting slips between the betting parlors and the headquarters, called a numbers bank or policy bank. The name "policy" is based on the similarity to cheap insurance, which is also a gamble on the future.

  • Lottery wheeling

    serch.it?q=Lottery-wheeling

    Lottery wheeling (also known as lottery system, lottery wheel, lottery wheeling system) is used by individual players and syndicates to distribute a subset of the possible lottery numbers across multiple tickets to ensure that at least one of these tickets will contain a winning combination if several draws are in this subset. For example, in a pick 5 lottery, a lottery system with a subset of 9 selections and a "3 if 3" guarantee means that a 3-win payout is ensured when three of these 9 selections are among the five numbers drawn. A lottery wheeling system acts as a single ticket in terms of a particular guarantee, but allows playing with a larger set of numbers than will be drawn in the lottery. In contrast, a single ticket in a pick 6 lottery guarantees a 4-win if four of the player's numbers are drawn from a subset of only the six selections on that ticket. A lottery system with, say, 10 selections and the same guarantee would require at least 20 tickets but ensures a 4-win if four of the player's numbers are drawn from a subset of ten selections.

Map Box 1