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The Lottery Terms and Their Definitions
Like other number games, lottery also has terms that are akin to it. Brushing up on your lottery terms and their corresponding definitions aid you in understanding and learning the game. When you discover new terms associated with lottery you will also come to learn of new options and nuances that you haven't seen been before. Here is a list of lottery terms that will be useful to you, which ,we would like to quickly add, is not extensive enough to include every single one out there.
Box Bet: This lottery term refers to a bet that gives a player the opportunity to match drawn numbers without paying much attention to the order of the numbers.
Daily Game: These are lottery games held every day.
Cash Lotto: This is a type of lottery game where the winner gets winnings as a single lump sum payment. Other types of lottery games will have winnings given as annuity payments that are given out through several years.
Drawing: The act of choosing lottery numbers.
Cash Option: Since winnings may be paid over the course of several years as annuity payments, winners of such jackpots are given a cash option. A lottery player's winnings will be paid as a lump sum but at a reduced amount compared to the original jackpot.
Exact Order: This term means you have to match the numbers according to the order they were drawn.
Pari-Mutuel: A lottery slang referring to sharing the prize with someone else who chose the exact same numbers.
Fixed Payout: This term refers to a cash prize that doesn't vary even if there are more or fewer tickets sold.
Instant Game: This is a lottery game that can be bought and played in minutes, which means you can immediately collect winnings.
Lucky Dip/Quick Pick: This refers to lottery numbers that are automatically chosen by a computer. Rollover: A rollover is the instance where the current jackpot is added to the next drawing since no one won it.
Multi-Draw: A lottery ticket that you can use on several games.
Powerball: This term refers to a lottery game that is multi-state and offers added cash prizes.
Prize Pool: This term refers to the money that is divided among winners after all taxes have been deducted.
Scratch Game: Refers to a lottery game where players scratch a ticket to win whatever prize is printed on it.
Withholding: This term refers to money you won't get due to taxes.
Bonus Number/Bonus Ball: This lottery term refers to an additional ball or number drawn so that the players may have a chance to win added prizes. You can think of a bonus ball or bonus number as added perks for the lottery.
As you go through the different lottery terms you'll find many other playing options. Take time to learn the other terms used in lottery.