| Lotto
terms: |
| Boxed - A
way of betting a three or four digit number that will pay off
if those three or four numbers are drawn in any order. |
| Cash Payoff
- A lottery prize that will be paid out all at
one time, rather than over several years. |
| Draw - The
lottery results |
| Double - A
3 or 4 digit number that contains two numbers of the same digit.
Example; 122. |
| Pari-mutuel
- A common method of payoffs that splits the
total available money between all winners of a particular prize
level. |
| Wheeling System
- A way of organizing and playing a set of numbers
to improve the chances of winning multiple prizes. |
| Withholding
- The anticipated tax amount deducted from prize
payments. |
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