Florida United States
Member #61,433
May 22, 2008
1,243 Posts
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Here's our agreement when I used to play a work pool.. (some weird symbols showed up when I copied/pasted)
ABC, Inc.
Co-Worker Powerball and/or FL Lotto Group Ticket
Agreement
Terms of Agreement:
This agreement and the group ticket(s) is not sanctified and/or created and/or owned by ABC, Inc. (ABC.) it is only an agreement between individuals who are co-workers/friends/family, etc.
Each ticket owner will contribute $4.00 and tickets with quick pick numbers for the next drawing of either Powerball with Power Play and/or Florida Lotto will be purchased for the group with each $4.00 collected, to be evidenced by the number of signatures below.
A picture of the group tickets will be sent or given via text/email/photocopy to each ticket owner after it is purchased. This is the only ticket the group and each ticket owner own together. It is understood that several ticket owners play the lottery outside of the group and purchase individually owned tickets. Only the winnings of the group ticket are the shared winnings amongst the group ticket owners.
Ticket owners will share equally in all of the prize money. Any and all monies won will be claimed by a legal entity on behalf of all ticket owners as a group or each ticket owner individually. The structure and name of said entities(s) shall be determined at a later date after all ticket owners have consulted with legal council and before claiming any prize. The jackpot prize will be claimed as a lump sum and must be claimed within 60 days of winning.
Ticket owners agree to strict privacy and safety protection of themselves and of each other. Basic guidelines to privacy include but are not limited to: No media appearances, no social media (Craigslist, Twitter or Facebook etc.) postings, no photographs (especially the picture of the winning ticket), no postings of any type on the internet related to yourself or other ticket owners in reference to winning. Divulging or causing to be divulged each other’s name(s), identity, likeness, photographs, telephone numbers, or addresses is STRICTLY PROHIBITED in any form except as required by law. The same privacy protection applies to any and all family members, spouses, significant others, boyfriends or girlfriends of the ticket owners.
If you don’t sign and date as a ticket owner, you waive all of your rights to any and all prizes won by each ticket owner and/or of the group.
If someone is unable to sign, someone may contribute the $4.00 on their behalf and can sign for them (ie..John Doe for Jane Smith), the person signing is not the ticket owner rather the person they are signing for is the ticket owner. Signature by one for another constitutes either full acceptance of this agreement or waiver of any and all prize money won by any or all of the other ticket owners or of the group. If the prize money is waived, it will be equally distributed to the other ticket owners.
There are no verbal agreements.
Violation of any or all of the terms of this agreement will constitute full forfeiture of your share of any and all prize monies won by the group and/or the other ticket owners and your share will be equally re-distributed to the other ticket owners. Signatures on attached page…….
Co-Worker Powerball and/or FL Lotto Group Ticket Purchase
Agreement
Signature Page
Your signature below confirms you have read and agree to the terms above and that you agree this agreement is enforceable by the laws of the United States and all of its Territories.
United States
Member #171,713
January 11, 2016
19 Posts
Offline
Quote: Originally posted by jjtheprince on Jan 12, 2016
Tell them it's not gonna help lol. Some people in a department where I work put down $3,000 on the last drawing and only won $7!!! They set it up to where the pool members could just throw in as much $ as they wanted on tickets instead of everyone just buying one.
This time they'll just be buying one per pool member LMAO.
How in the heck do you only win back $7 on $3,000 worth of tickets?! That is 1500 tickets!!! If this pool was smart they would have evenly split the tickets between each possible powerball. This means they should have bought 55 tickets on powerball number 1, 55 tickets on powerball number 2, all the way up to 26. This would guarantee that they would have hit the powerball on 55 tickets which pays out $4.00 = $220.00 minimum return.
Does not sound like a pool I would want to be involved with! This is basic math...
South Carolina United States
Member #18,321
July 9, 2005
1,836 Posts
Offline
If you can afford to pay the extra $50 in the first place, for a $1 Billion Dollar Jackpot, why don't you BUYYOUR OWN TICKETS with Your OWN MONEY !!! Then, if you win, you DON"T have to share the Money $$$ with anyone, if you don't want to !!! EASY SOLUTION to the Lottery Pool problem !!!
Indiana United States
Member #150,266
December 18, 2013
503 Posts
Offline
There would have been nowhere to put me if somebody did that to me. I wouldn't have paid it. Everybody should have gotten together and asked for the number of tickets they should have had to be handed over to a group member that could be trusted and told her the excess tickets are her's to keep and enjoy at her own chosen expense.
"Without wood a fire goes out; without gossip, conflict calms down.
Like adding charcoal to embers or wood to fire, quarrelsome people kindle strife."
United States
Member #106,129
February 13, 2011
806 Posts
Offline
Quote: Originally posted by sthl129 on Jan 12, 2016
How in the heck do you only win back $7 on $3,000 worth of tickets?! That is 1500 tickets!!! If this pool was smart they would have evenly split the tickets between each possible powerball. This means they should have bought 55 tickets on powerball number 1, 55 tickets on powerball number 2, all the way up to 26. This would guarantee that they would have hit the powerball on 55 tickets which pays out $4.00 = $220.00 minimum return.
Does not sound like a pool I would want to be involved with! This is basic math...
Crap luck that's what it is lol.
Keep in mind that there are MILLIONS of tickets sold in some drawings that win nothing.
Upacreek United States
Member #136,300
December 8, 2012
432 Posts
Offline
Quote: Originally posted by sthl129 on Jan 12, 2016
How in the heck do you only win back $7 on $3,000 worth of tickets?! That is 1500 tickets!!! If this pool was smart they would have evenly split the tickets between each possible powerball. This means they should have bought 55 tickets on powerball number 1, 55 tickets on powerball number 2, all the way up to 26. This would guarantee that they would have hit the powerball on 55 tickets which pays out $4.00 = $220.00 minimum return.
Does not sound like a pool I would want to be involved with! This is basic math...
Wouldn't you have to fill out something like 286 playslips in that example...
If so, I can see why not...
Excellent example of how you can drop $1500 bucks and only win $7
.46% return on investment... bout where my bank savings rate has been at ha ha
United States
Member #171,713
January 11, 2016
19 Posts
Offline
Quote: Originally posted by Romancandle on Jan 12, 2016
Wouldn't you have to fill out something like 286 playslips in that example...
If so, I can see why not...
Excellent example of how you can drop $1500 bucks and only win $7
.46% return on investment... bout where my bank savings rate has been at ha ha
It sounds like they actually dropped $3,000 on 1,500 tickets. In order to chose 55 of each 26 powerballs you would need to fill out 286 play slips (If you work hard and not smart) and you would have 14 play slips left over. If you work smart and not hard it wouldn't take too long to fill out if you did easy pick for the white balls and chose the appropriate powerball on the slip. Technically you would only need to fill out 26 play slips with the white balls as easy pick and choosing the powerball yourself. You would need to have the cashier run each play slip through the machine 11 times (26 slips x 11 = 286).
I believe I could have all the playslips I needed for this process ready to go in under 10 minutes. The other part would be having the clerk run each playslip 11 times and that could also be done in under 10 minutes I bet.
Upacreek United States
Member #136,300
December 8, 2012
432 Posts
Offline
Quote: Originally posted by sthl129 on Jan 12, 2016
It sounds like they actually dropped $3,000 on 1,500 tickets. In order to chose 55 of each 26 powerballs you would need to fill out 286 play slips (If you work hard and not smart) and you would have 14 play slips left over. If you work smart and not hard it wouldn't take too long to fill out if you did easy pick for the white balls and chose the appropriate powerball on the slip. Technically you would only need to fill out 26 play slips with the white balls as easy pick and choosing the powerball yourself. You would need to have the cashier run each play slip through the machine 11 times (26 slips x 11 = 286).
I believe I could have all the playslips I needed for this process ready to go in under 10 minutes. The other part would be having the clerk run each playslip 11 times and that could also be done in under 10 minutes I bet.
And here I thought my boss was complementing me when he said I was a hard worker
COLUMBUS,GA. United States
Member #4,924
June 3, 2004
6,719 Posts
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Quote: Originally posted by ThatScaryChick on Jan 11, 2016
I would be pissed if someone decided on my behalf to spend 50 more dollars without asking me. And no I would not pony up the money. You ask someone before spending that kind of money. Not everyone has $50 dollars to spend on playing the lottery. Maybe the 6 dollars was the limit for some of Maximumfun's coworkers. It wasn't that ladies choice to make.
I'm betting you're going to have a lot of angry coworkers, Maximumfun. Also, as a group, I would discuss not allowing her to buy tickets anymore.
Kentucky United States
Member #32,651
February 14, 2006
10,317 Posts
Offline
Quote: Originally posted by BuyLow on Jan 12, 2016
Here's our agreement when I used to play a work pool.. (some weird symbols showed up when I copied/pasted)
ABC, Inc.
Co-Worker Powerball and/or FL Lotto Group Ticket
Agreement
Terms of Agreement:
This agreement and the group ticket(s) is not sanctified and/or created and/or owned by ABC, Inc. (ABC.) it is only an agreement between individuals who are co-workers/friends/family, etc.
Each ticket owner will contribute $4.00 and tickets with quick pick numbers for the next drawing of either Powerball with Power Play and/or Florida Lotto will be purchased for the group with each $4.00 collected, to be evidenced by the number of signatures below.
A picture of the group tickets will be sent or given via text/email/photocopy to each ticket owner after it is purchased. This is the only ticket the group and each ticket owner own together. It is understood that several ticket owners play the lottery outside of the group and purchase individually owned tickets. Only the winnings of the group ticket are the shared winnings amongst the group ticket owners.
Ticket owners will share equally in all of the prize money. Any and all monies won will be claimed by a legal entity on behalf of all ticket owners as a group or each ticket owner individually. The structure and name of said entities(s) shall be determined at a later date after all ticket owners have consulted with legal council and before claiming any prize. The jackpot prize will be claimed as a lump sum and must be claimed within 60 days of winning.
Ticket owners agree to strict privacy and safety protection of themselves and of each other. Basic guidelines to privacy include but are not limited to: No media appearances, no social media (Craigslist, Twitter or Facebook etc.) postings, no photographs (especially the picture of the winning ticket), no postings of any type on the internet related to yourself or other ticket owners in reference to winning. Divulging or causing to be divulged each other’s name(s), identity, likeness, photographs, telephone numbers, or addresses is STRICTLY PROHIBITED in any form except as required by law. The same privacy protection applies to any and all family members, spouses, significant others, boyfriends or girlfriends of the ticket owners.
If you don’t sign and date as a ticket owner, you waive all of your rights to any and all prizes won by each ticket owner and/or of the group.
If someone is unable to sign, someone may contribute the $4.00 on their behalf and can sign for them (ie..John Doe for Jane Smith), the person signing is not the ticket owner rather the person they are signing for is the ticket owner. Signature by one for another constitutes either full acceptance of this agreement or waiver of any and all prize money won by any or all of the other ticket owners or of the group. If the prize money is waived, it will be equally distributed to the other ticket owners.
There are no verbal agreements.
Violation of any or all of the terms of this agreement will constitute full forfeiture of your share of any and all prize monies won by the group and/or the other ticket owners and your share will be equally re-distributed to the other ticket owners. Signatures on attached page…….
Co-Worker Powerball and/or FL Lotto Group Ticket Purchase
Agreement
Signature Page
Your signature below confirms you have read and agree to the terms above and that you agree this agreement is enforceable by the laws of the United States and all of its Territories.
Ticket Owners:
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Ticket owners agree to strict privacy and safety protection of themselves and of each other. Basic guidelines to privacy include but are not limited to: No media appearances, no social media (Craigslist, Twitter or Facebook etc.) postings, no photographs (especially the picture of the winning ticket), no postings of any type on the internet related to yourself or other ticket owners in reference to winning. Divulging or causing to be divulged each other’s name(s), identity, likeness, photographs, telephone numbers, or addresses is STRICTLY PROHIBITED in any form except as required by law. The same privacy protection applies to any and all family members, spouses, significant others, boyfriends or girlfriends of the ticket owners.
Most people play lottery games for fun and this agreement and maximumfun's pool are not my definition of fun. It doesn't say how many people signed the agreement, but it basically says if the signers tell their husband, wife, or significant other and they tell somebody else, the signer could forfeit their prize. And all the other stuff so a small group of people can pool $4 each.
Almost all the news agencies articles about the record jackpot are offering their "expert advice" on collecting the winnings and how to save/invest/spend it, but not many are giving any "expert advice" on how to win.