Play the lottery? Or do you simply pay?
A happy gamble - or license to print money?
This information has been copied directly from an e-Lottery advertising web site.
Can any body else spot the deliberately misleading information? If a 49 strong team has 88 winning chances each week – their odds against winning do not fall from 1 in 14 million to 1 in 1.9 million – they fall to 88 in 14 million – not much of a fall at all. Even if you accept the 733% claim (that is only 7.3 times) the best they can say is that the chances of winning are 645 (88 x 7.33) in 14 million. That still isn’t much of a change, is it?
There is nothing remarkable about these figures except how much the eLottery company ‘won’ by selling it’s system. Each member of a 49 man syndicate paid £5 per week – a total of £245 for 88 tickets. Even allowing for administration costs of £12 per member, the company and the representatives made £145 between them per syndicate.
The best way to make money with the lottery is to sell the tickets for a commission – you can’t lose. As long as punters don’t bother checking the arithmetic you can tell them anything you like – just sell them the worthless promise.
Powered By WP Footer
