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The lottery in Thailand is hugely popular despite the low odds of winning and the unfavourable payout ratio. The payout ratio for the Thai lottery is 60%, [ 3 ] as compared to worldwide averages of 74% for bingo , 81% for horse racing , 89% for slot machines , and 98% for blackjack (basic rules). [ 4 ]
A lottery is a form of gambling which involves selling numbered tickets and giving prizes to the holders of numbers drawn at random. Lotteries are outlawed by some governments, while others endorse it to the extent of organizing their own national (state) lottery.
The lottery was introduced to Thailand by Chinese immigrants in 1820. Commonly known to the local as "huay", the term is a direct translation of Chinese word huā (Chinese:花) :flower. In the beginning huay was mainly played among the community of Chinese immigrants in Thailand. It was then officially established during the reign of King Rama ...
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Accompanying the lottery is the betting game, an illegal form of lottery among the people, which uses the results of the jackpot of the legal traditional lottery as the prize-winning results. In Hanoi, the "agent" system of the betting game has developed along with traditional lottery stores and iced tea stalls, operating quite openly. [ 46 ]
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