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Thai Lottery Legalized
Thai lottery is one of only two forms of legalized gambling permitted in Thailand, the other being horse racing in Bangkok. One thing I want to add to this It is a legal form of gambling in Thailand. The payout ratio of the Thai lottery is 60%. Basically, it is a Thai government lottery so, it is enacted with The Government Lottery Office Act B.E. 2517 which is ok by default with the Thai state GLO Act.
Thai Lottery Ticket Fix Price
Nowadays Government fixed a lottery ticket by 80 Baht and it will not exceed more than the fixed price. Single tickets are not sold, only ticket pairs. Each individual ticket is priced at 80 baht, and the ticket pair at 160 baht.
Thai Lottery History
A little history shared with you is it is firstly issued in 1868. Thai Lottery Was First Issued On the Occasion Of King Chulalongkorn’s Birth Day. The King Granted the Royal Bodyguard Department Permission to Operate a Lottery & Appointed an English Man Named.
Mr. Alabaster to be the Director Of the Lottery Office to Operate European-Styled Lottery.
Who Play More Thai Lottery???????
It’s a real fact that women play the lottery more than men.
Thai Lottery Ticket Wholesaler To Retail Vendor
The government lottery office sold tickets to national wholesalers commonly referred to as brokers. Further Brokers sold to 14760 registered retail vendors who directly sold to the public. Thai Lottery vendors will be able to buy Thai lottery tickets directly from GLO under a scheme to reduce the high price of lottery tickets. Direct purchase is available only through Krung Thai Bank.
Vendors must first register with the GLO and must open bank accounts for payment of their purchases. The new arrangement will go into effect with the 16 October 2015 drawing. Vendors are allowed to purchase from 5–50 books at the price of 70.40 baht for a pair of tickets. Each book includes 100 ticket pairs. However not sure the reduction of price will go long way.
Thai Lottery Five Tigers Myth
The new scheme will increase the number of lottery tickets for sale by 7-8 million. Thai public blamed brokers, the so-called “five tigers which tauntly mean that(as tigers only “eat and sleep”)for monopolizing the lottery trade and for causing overpricing problems. The GLO, doing nothing to dispel this myth, maintained that five groups controlled the distribution of government lottery tickets to local vendors throughout the country.
Thai Government Lottery Tickets
The Results Show that the Thai public was misled about the existence of the “five tigers” after complete check there are many more than five, and that the biggest tiger of all is the GLO Foundation, a purpose-made mechanism designed to oversee the allocation of money to charities.
74 million Thai Government Lottery tickets printed for the bi-weekly lottery since 2014, 22.74 million or 30.7% of them were allotted to 10 organizations. The GLO Foundation is the biggest recipient, having a fixed quota of 9,213,500 tickets.
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