 A Superdraw is the term given to a Saturday Lotto draw with a much larger guaranteed jackpot pool than usual. Members of the Australian Lotto Bloc use part of their revenue from normal weekly draws to fund these special draws, which occur seven times a year. In the days of the "Second Draw", Superdraw pools - like regular first division pools - were split evenly between the two draws (usually $8 million each at the time), however now all the funds are pooled into the one draw, resulting in a higher headline figure.
In recent years Superdraws have seen guaranteed First Division prize pools of around $20 million. Since 1999, the last Superdraw of each year is often known as a "Megadraw" - its guaranteed First Division pool is larger still, with the 2005 draw's First Division pool amassing $32 million. The end-of-year Megadraw - which began as a "Millennium Megadraw" on 1999-12-31 - is conducted on the last Saturday of the year, or on New Year's Eve if it falls on a Friday, Saturday or Sunday.
A Superdraw is supposedly better value for money; because the prize pool is greater than the relative odds and cost of entry. However on saying that it is still extremely hard to win and many people buy more lotto on Superdraws because they feel the odds are better when they are actually the same.
Detail
Superdraw is the term given to an Australian Lottery Saturday Draw with a large "guaranteed" jackpot pool.
Several times a year, Lotto enthusiasts look forward to entering and winning extra large Jackpot prizes in the Australian Lottery. These seasonal bankrolls, called "Supperdraws", pay out the biggest Jackpots and give better odds of winning a cash prize than any other Lotto in the Asia/Pacific region.
Five percent (5%) of each regular Weekly Draw in Australian Lotto is held in reserve and kept in a special fund which builds up over a period of several months. When the time comes for a Superdraw, this huge amount of money is added to the prize pool. This way not only does the Jackpot prize become huge - but all other prizes get a lot bigger too! The bigger the cash prizes become, the more excited people get - and the more they pour money into the Superdraw.
In recent years Superdraws have seen guaranteed First Division prize pools of around €12.22 million. But in December 2005, OZ Superdraws Jackpot was recorded at A$31 million, the highest in Australian Lotto's 33-year history.
New Year's Eve
New Year's Eve is 31 December, the final day of the Gregorian year, and the day before New Year's Day.
New Year's Eve is a separate observance from the observance of New Year's Day. In 21st-century Western practice, New Year's Eve is celebrated with parties and social gatherings spanning the transition of the year at midnight.
Many cultures use fireworks and other forms of noise making in part of the celebration in cities such as Sydney, Melbourne, Tokyo, London, Edinburgh, Istanbul, Berlin, Paris, Athens, Los Angeles, New Orleans, Manila, New York City, Las Vegas, Taipei, Hong Kong, Seoul, Chicago, San Rafael, Toronto, Rio de Janeiro, Valparaiso, Niagara Falls, Ontario and Montreal.
New Year's Eve is a public non-working holiday in the following countries, among others: Argentina, Brazil, Mexico, Greece, the Philippines, and Venezuela.
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