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Sunday, December 18, 2011

El Gordo is here Again

The Great One Cometh!

If you live in Spain, you may look forward to celebrating Christmas or Hanakuh, but not as much as the coming of December 22nd, the day when the El Gordo lottery is called. If the Spanish never got anything else right, they certainly have this absolutely spot on. As lotteries go, for good reason El Gordo, The Fat One, is the biggest lottery in the world, paying out more than two and a half billion euros. The interesting thing is that it is based on the premise that nobody needs to win the jackpot for their own exclusive use. To suddenly win 200 million euros is to make terrible problems for a person who was near broke before.

The way the system works is that any one person can only buy a ten percent value of a prize. So, this year the first prize is four million euros. A ten percent share would return four hundred thousand euros. However, there is virtually no limit to the number of such chances that you can buy. If you want to buy ten tickets and the number wins, you will win ten times four hundred thousand amounting to four million euros, and so will anybody else who did the same thing. It is a little complicated to understand but El Gordo will positively impact upon the lives of so many people here in Spain, and throughout the world that it is not possible to calculate.

I would agree that this is a Socialist idea, but what a beauty. It is one in which approximately 99% of Spanish inhabitants believe in, and a whole lot of people from around the world. Let's hope for good luck for all who hold an El Gordo ticket, especially to myself and my syndicate. We hold 721 tickets. That's right, 721 ten percent shares. It's a big syndicate, but that would be a big cash prize.

You might get to know if we win. If I don't say anything it might be because we didn't win, or we did win and in that case discretion might be the better part of valor.

Happy Holiday to each and everyone, and a Happy and Healthy New Year!

Copyright (c) 2011 Eugene Carmichael