daffyduck Posted January 19, 2006 Share Posted January 19, 2006 hi just wondering if any 1 has heard of a on-line syndicate www.freelotttickets.co.uk ive been haviving a look and dont know wether to try it, if there is anyone who could advise me please, Im not promoting this site or spammin or whatever just want advise nothing else... Link to comment Share on other sites More sharing options...
Deimos Posted January 20, 2006 Share Posted January 20, 2006 My own thoughts are that such schemes will have an“averaging effect” on the payouts and thus counter the main reasons for takingpart in the lottery.Lotteries have costs. Thus, statistically for €100 paid to the lotto only a portion of thatwill get back in prize money (don’t know the percentage). Thus, if you purchased every ticket youwould be wasting your money as although you would win every prize, the totalprize money would be less than you spent on tickets. The very large syndicates are a move in that direction – buy moretickets and thus win more prize money. However, given that the prize money will be less than the ticket prices,the larger the syndicate, the more likely you are to get something back and themore likely that is to be less than the costs of the tickets.I think the idea of the lottery is the un-even distributionof prize money – you may not be very likely to win a significant price but ifyou do it may be “significant”.When I lived in the UK my neighbour had a scheme where shewon £1 on the lottery every week. Shechose her numbers, did NOT buy a ticket, checked her numbers and when (asalways) she found she did not win anything she treated it as having won £1through not spending this money on a ticket.Ian Link to comment Share on other sites More sharing options...
Teamedup Posted January 20, 2006 Share Posted January 20, 2006 As someone who used to work in the gambling industry Deimos, that arguement is slightly flawed as you have not taken into account winning the lot. If the pair of us had worked all our days we would never earn £85000000. Ofcourse the house always has it's percentage on average, even the lottery companies and that was why I was pro Virgin getting it.And sometimes we play as your neighbour and win a £1 a week. This week however, we are giving chance a try. I wouldn't mind sharing that amount with 80 others or even 800 others, but what are the chances of that. After all if we don't dare we won't win, will we. Link to comment Share on other sites More sharing options...
Miki Posted January 20, 2006 Share Posted January 20, 2006 After all if we don't dare we won't win, will we.That right TU, you know it makes sense, this time next year we'll be millionaires [;)]Every Friday, I go down to the tabac, buy a euro ticket and so far one win since it started !I am going on the old rule of diminishing returns as in back thefavourite until it wins, the flaw is, by the time it wins, one may wellhave to have half a million quid on it, to get a profit overall !! Soon that rule, my simple 1€ 50cts weekly gambl,e is extremely likely to remain a loss every week ! Link to comment Share on other sites More sharing options...
Miki Posted January 20, 2006 Share Posted January 20, 2006 When I lived in the UK my neighbour had a scheme where shewon £1 on the lottery every week. Shechose her numbers, did NOT buy a ticket, checked her numbers and when (asalways) she found she did not win anything she treated it as having won £1through not spending this money on a ticket.IanMore fool her, she should have notbought a hundred tickets and she would have won..........let'ssee........ a hundred pounds ! Was she the one that used to run behind a taxiand thus save more money than going on the bus [:)] Link to comment Share on other sites More sharing options...
Quillan Posted January 21, 2006 Share Posted January 21, 2006 'Er in doors' had a go, for the first time, on the old Euro lottery this week and won. OK it was the lowest win possible, one number and two stars but it was 9€. We collected her winnings today and shes been like Duracell going on and on and on ever since. Thought she might have bought me a beer, not on your life (or mine). She did another 2€ and will be dreaming how to spend her 85M+ Euro millions tonight and who is this Brad Pitt she keeps talking about in her sleep and who's the other block she keeps telling to bog off I wonder. Still I have her life insurance policy hee hee. Link to comment Share on other sites More sharing options...
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