Collective bets in local lotteries

[KTChampions]

As far as I know, the advantage of the organizer of the lottery is much more than 20%, rather closer to 50%. And if we calculate the taxes that the winner has to pay, the RTP will be something like 10%. The lottery is the worst of all gambling games, but it has the highest multiplier. It is unlikely that any casino will be able to pay you hundreds of millions of dollars, but in the lottery it is possible.

And the chances are infinitesimally small and a lot terrible, too. There are tons of other gambling games out there wherein the RTP is more generous and the chances of winning are more reasonable. Multipliers don’t really mean anything if you can’t hit it that much. They’re just numbers on the screen working to lure gamblers to bet more to make them believe that they’re increasing their winning chances.

I guess I’d stick to casino games more than the lottery with these facts in mind.

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.

[Westinhome]

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.

The winning percentage of lottery will be low,but if you win then it will be big run.The probability of winning is the key source of the lottery.The lottery is surviving in various form in many countries.Some country had stopped the offline lottery,So the people of that country use the online lottery to find their luck.The organizer will fix the price based on the total amount of lottery was sold.By fixing their money of commission for one bumper they will fix the prize.The same process was followed in the online gambling,expect the people who buy will from all over the world.

[KTChampions]

The fact that the chances are infinitely small is normal. After all, if you bet a dollar and can win 100 million, then it is obvious that in the most ideal case (when the lottery organizer does not bear any costs and does not take a cent for himself), your chances cannot be better than one in a hundred million. The RTP is a different matter and in lotteries it is recordly low.

The winning percentage of lottery will be low,but if you win then it will be big run.The probability of winning is the key source of the lottery.The lottery is surviving in various form in many countries.Some country had stopped the offline lottery,So the people of that country use the online lottery to find their luck.The organizer will fix the price based on the total amount of lottery was sold.By fixing their money of commission for one bumper they will fix the prize.The same process was followed in the online gambling,expect the people who buy will from all over the world.

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.

[Solosanz]

If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.

[Silberman]

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.

On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

[maydna]

If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.

Indeed, the possibility of winning will be small, but people don't mind and keep buying tickets while waiting for their turn to win the jackpot. They could get the small prize first, and then they could get the big one. The chances of winning are even lower than that percentage because we are competing with people from other groups. But who knows, we have people who can have luck simultaneously that makes us win. Even though that might not guarantee that we can win easily by betting collectively, we can bet together with friends.

[tusandii]

If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.

The lottery in my opinion is the only type of bet that is the most difficult to win, even slots which are games that rely on luck are still easier to win in contrast to the lottery where the luck to win might be very thin.
After all lottery and slots are two different types of gambling because slots are clear that there is a system that works in them even has an RTP for gamblers to have a return but for lotteries it can never be that easy and not all gamblers can win the lottery even with a small win.
33% or 50% is a big chance for a lottery bet because I myself think the lottery has a chance of winning only 1% to 10%.

[LUCKMCFLY]

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.

On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

Yes, I really did not know that a gopbnoir could not do this, but I am from a country that is merely rich, but that has poor people, those who are richest are those who work for the government, and those who are Next to the rulers, the rest, the oil, gold, precious stones and all the minerals are used by the government and those people who are grabbing all the natural resources, in other words, the people like to do certain types of lotteries to make money and I can buy certain things, some raffles, cars, and also the money that is made on some occasions is a lot, in fact there is one that is about raffling off the latest model cars that arrive in the country and the only ones that have access are Those who are with the government, at this moment there is a raffle that is giving away up to 300 motorcycles and 3 latest model cars, and each ticket costs 1000usd and most of those who buy them are in the USA or in other countries, and they are going very Well, but for me it is a money laundering that is done and it belongs to the government, that is something sure and not only I think so, many think so, in fact I believe that it is so.

Nobody in their right mind has that much money and raffles something like that, the raffles they do for cars are from the year 90 onwards, until 2020 something like that and the tickets are cheaper, for at least 30usd or 50usd, they have access to win this type of prize, but it is somewhat more accessible, however, the lottery that is chosen is not that of the country, it is that of the sister country, and once it is done and nobody wins, the first one stays there and returns to do another same raffle to continue in the same business.

In fact there are people who hold raffles for small things and little by little they get up, but they do that because things inside the country are very hard, nobody wants to work in companies because companies don't pay well, and everything is very expensive, and it is in dollars and the government does not pay in dollars but in the local currency,l, etnoce and a total disastertl in economy, that's why the raffles arise here.

[KTChampions]

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.

On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).

[Casdinyard]

If you're looking to win in lottery, it's better if open your eyes and use your logic about the possibility you can win.

Lottery is random, similar like slot or lucky based games. We don't need to talk very far, most of gamblers can't even pick the correct team or player that will win when there are only two or three options. It mean the chance you will win is high, 33% or 50%, but the house is still make money from it.

You'd be surprised at how greedy people can be. Try the same thing on a local lottery outlet and I bet my bottom dollar you'd either get stares of appalment or a punch in the face in rare occasions. People want the pie for themselves if they could. They wouldn't mind sharing but not at the expense of them actively giving out their share of the pie. Plus in most lotteries collective bets isn't even a thing that is viable anymore. All because of paradigm shifts that disallows massive jacks in the probability of winning for large-scale bettors. In the Philippine's Grand Lotto you wouldn't be able to pull off this stunt even if you involve the whole country. It's all probabilistic, add to that greed, and you'd find out why Collective bets aren't a thing as you had hoped it would be.

[ChiBitCTy]

It seems to me that lotteries still exist only because participation in them has become something like a tradition. In today's fast-paced world, it would never occur to anyone normal to buy a lottery ticket and then wait several weeks for the draw. I think that over time (when modern young people take the place of modern older people), lotteries will finally go into their narrow niche.

On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).

Damn, that's fucked up.  US Treasury bonds are considered the safest investment on the planet, so I would never worry purchasing those, but I can say our state/federally ran lotteries are often rife with scams.  Even my own state of Illinois wasn't paying out winners for a period of time.  I mean it's a rigged game, everyone knows the host keeps a % and the winner gets the rest...so it's a set dollar amount for both.  How that could get misappropriated just shows no gov's can be trusted. 

[Silberman]

On the past lotteries were a form of tax, so if the local government wanted to build a new road and they did not had the money then they will organize a lottery, people bought tickets not only because of the possibility of changing their lives but also to support the construction of this new road that will benefit them, and even if most countries still have their national lotteries and the money is used to fund some projects this idea of supporting your community has been lost, meaning that sooner or later people will realize how bad the lottery is and if they want to gamble they may as well consider other options.

In my country there were even more interesting "lotteries" - for example, government bonds where the lucky ones could also get a serious increase in the amount they contributed. But in the end it ended with the fact that all the bonds were frozen and no one received anything  Therefore, in my country, everything that has the prefix "state" is associated with scam. And by the way, now lotteries are held by private companies, but the license is issued to them by the state and it seems that something like 50% of the fees also goes to the state fund. In short, the lottery is a scam anyway (in my country).

I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.

[Westinhome]

I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.

In some countries the winner will be the person who related to the owner of the lottery.Really it will be the scam,but it will not be find by the most of the betting people.They just check their name was in the winning list or not,then they will get into their real work.Then the gamblers start to buy the next lottery to check the new win.Due to such things,many countries had banned the lottery.The local politician had their influence in the winning.The online lottery will be the best option for now.

[l3pox]

I am pretty sure this happens everywhere, where I live the most common scandal that happens from time to time is that the lottery winner is someone which belongs to the family of a powerful politician or they are part of the family of the people that run the lottery, which supposedly should have no rights participating in it but they do so anyway, so I can understand your strong distrust on them as I have the same attitude, after all if I did not had a huge distrust on the governments and how they manage the economy I will not hold bitcoin.

In some countries the winner will be the person who related to the owner of the lottery.Really it will be the scam,but it will not be find by the most of the betting people.They just check their name was in the winning list or not,then they will get into their real work.Then the gamblers start to buy the next lottery to check the new win.Due to such things,many countries had banned the lottery.The local politician had their influence in the winning.The online lottery will be the best option for now.

The best way would be able to verify and have a provably fair way of checking if the winner is a true winner or of there was some sort of scam. But of course this is easier in theory than in practice.

People should always do their own diligence before betting or joining lotteries.

[Beparanf]

The best way would be able to verify and have a provably fair way of checking if the winner is a true winner or of there was some sort of scam. But of course this is easier in theory than in practice.

People should always do their own diligence before betting or joining lotteries.

In my area, there’s no way to verify lottery results since everything is centralized. There’s an incident here that tons of players won on grand prize which is very low probability to occur yet happened after so many roll that no one win.

Our government agencies is rarely do an audit and most of the audit is not in public which means they can rigged the result without the public knows it. Probably fair system is really the key to solve this issue but the national lottery will never use it since they are earning tons of money by improvising fake winners to reser the prize.