Free lottery

A free lottery is a popular form of gaming in the internet which involves the drawing of lots for a prize. Compared to a real lottery there is no money, no wager to enter the game. That is why in some countries free lotteries do not fall in the category of lottery, betting or gambling. Therefore organizing a free lottery has been possible with fewer regulations as they are not under the same degree of regulation by governments as regular state lotteries. They are rather considered as promotion games.

History

In the United States, the existence of free lotteries started during the dot-com bubble during the late 1990s.

In December 2007 Luckery.com [http://luckery.com] launched the UK's biggest ever free lottery, with a prize of £10 Million, which is still open to users worldwide.

In October 2008 Linktofortune.com [http://linktofortune.com] launched an international free lottery, with a price of $1 Million

Game

The aim of free lotteries is to attract people to a advertisement rich website.
Jackpots are financed through those advertisements or very low
Free lotteries are based on the hope of the people to make fast money through the internet.
There are several different types of lotteries, most times the reward is based on smaller price-money or other freebiew.
These smaller lotteries are often called "cash-sweepstakes" or "sweepstakes"

There have been a lot of cases of internet-scam because of this it is wise to read the terms before giving personal details !

Probability of winning compared to regular lotteries

For number based lotteries the chances of winning a jackpot are principally determined by several factors as in regular lottery: the count of possible numbers, the count of winning numbers drawn, whether or not order is significant and whether drawn numbers are returned for the possibility of further drawing.

Usually, free lottery chances of winning are even a lot lower than in regular lotteries. Additional to that, free lottery prizes are often rewarded as monthly amounts stretched over a long period of time. If you calculate the net present value of the winnings you can often find out, that the total sum is only half or less of the net amount that's rewarded.

References

The LinkToFortune.com [http://www.linktofortune.com] was founded in October 2008 and lists 1 Million Dollar as well as 50x100$ as jackpots.
This free lottery is funded through an advertisement directory, participants are asked to write short summaries about advertisers to receive valid tickets. This new sort of advertisement is unique on the e-commerce market.
WeCluster.com [http://www.Wecluster.com] is a small free lottery with the goal to rise a large jackpot. At the time of writing the member count is below 10 people and no jackpot is available yet.

External links

* [http://www.dmoz.org/Games/Gambling/Lotteries/Online/ Free Online Lottery Games]