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How To Protect Yourself In A Lottery Pool

Topic closed. 34 replies. Last post 11 years ago by CASH Only.

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TheGameGrl's avatar - character catafly.jpg
A long and winding road
United States
Member #17084
June 10, 2005
4521 Posts
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Posted: May 27, 2006, 12:43 am - IP Logged

My hope is that the case is tossed out. This would end the debate. Tips on better  lottery pool management need to be initiated early and re-iterated often.

 

~~Is it true, Is it kind,Is it necessary. ~~~

 Thanks be to the giving numbers: 1621,912,119 02014

    savagegoose's avatar - ProfilePho
    adelaide sa
    Australia
    Member #37136
    April 11, 2006
    3300 Posts
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    Posted: May 27, 2006, 6:03 pm - IP Logged

    HERE IS STH Australia  THE LOTTO  machine can print out syndicate entries, how they work is the individual ticket is a bearer claim form for that share.

     

    um let me try n explain better.

    say there are 10 people in the syndicate, and the cost is $200 for the entry. the machine will print 10 shared tickets, they each have 1 10th of the prize assigned to them, and cost $20 ea.

    no need for legal battles, you get yas ticket dont lose it!

     

     

      Avatar
      USA
      United States
      Member #1849
      July 15, 2003
      265 Posts
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      Posted: May 27, 2006, 8:30 pm - IP Logged

      "The secret is to get in with a group of people that you trust," advised Tommy Turner, a seasoned attorney with experience in civil disputes.

      The problems are the people not in the group wishing they had been in the pool after they hear about the win.  As long as anyone who think they should have been in the pool can sue   regardless of whether they contributed or not, there will be these types of problems.

      The problem with trust is that all trust vanishes when money appears. I'm surprised any lawyer would recommend that. My word of advice, only trust that which is in writing, not people. People change but written words don't. Cheers,

       

      Acro

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        USA
        United States
        Member #1849
        July 15, 2003
        265 Posts
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        Posted: May 27, 2006, 8:36 pm - IP Logged

        Personally I hate pools, I won't play in them period and if I never win then thank God because it wasn't meant to be. Another thing I would recommend to any pool leader or member is too never, as rule of thumb, let a transient person play. Have a group and keep the same group of add people as you feel the need but not the once every other week person. My guess it that is the person with the regret the day after the big one, they tried to save a buck and lost a million. Ring, ring, hold on it's my lawyer, while you folks have been running this pool for 14 years I played one week back before Bush became president and just forgot to play this week. Ummm sure.... But that person will hold up your money collection. LOL. Cheers.

          TGOOD7's avatar - Lottery-057.jpg
          HOUSTON
          United States
          Member #36807
          April 7, 2006
          40 Posts
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          Posted: May 28, 2006, 5:16 am - IP Logged

          I play and run, a lot of pools.I always get photo copys and signatures to protect everyone.

            Trained2beRich's avatar - home
            Houston,TX
            United States
            Member #35196
            March 13, 2006
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            Posted: May 28, 2006, 12:47 pm - IP Logged

            Imagine if you will if players could use credit cards or use the equity in the their home to buy lottery tickets.  People who can't pay a few dollars to play and ask to borrow should be prohibitted from playing or face huge interest charges.  Just as when you play the stock market and buy on margin the same principle should apply so of SuzieCoworker says Max can you pay for my share of the lottery pool I will say yes only if I get half your share so if 4 of us pay and play and i pay for SuzieCoworker, it get split 5ways but i get 1/2 of SuzieCoworker prize if she gives me the money BEFORE we collect. IF she chooses to pay me when she gets her share my cut is 75%.  This manure about people not paying before you play needs to stop.  This goes along with the mentality of those who buy on no interest no payments for 2 years but when u dont pay BEFORE the interest free period you accumalate all the interest payments not paid at the end of the period.  People like this SuzieCoworker need to have their buying priviledges revoked.

             The other day I went to buy a lottery ticker and my co worker was buying something and i was buying my ticket and she said aloud that I will share while I was at the register and I said No I am sharing I am playing for myself. From now on I will buy lottery tickets without people I know present. 

             Coworkers can be a$$es sometimes. just like when you buy lunch and they say they will pay you later and then when you tell them how much it is they say I did not know it was the much... and I make sure I show them the reciept....I am also the kind the asks for a seperate check when i know there are pepple who dont tip in a group setting so I can tell the servier it will be worth their while to do so.

            well i am glad i got that off my chest


              United States
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              May 28, 2006
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              Posted: May 28, 2006, 5:16 pm - IP Logged

              In our dept. we purchase an occassional lottery ticket for the 12 members who work together. 

              I am not an attorney.

              When I send out a photo copy of the ticket(s) I have my own disclaimer on the printed page..............

              “Joanna” has provided (1) ticket here for Illinois Mega Millions Game.  Your name must be on this list to be considered part of the group. No additional members to be listed after tickets are purchased.
               
              We all have a chance to dream of splitting the winnings of $XXX Millions.
              This Lottery Pool amount is for a single winning ticket. 
              Any winning ticket for a small amount will go towards purchase of future lottery ticket(s).

               

              The following people agree to split equally the winnings from the following ticket drawing on 03/24/06 and agree to pay any and all of their own taxes out of their share.

              Then each name in our dept. is shown on a list. 

              ...................................

              People who have left the firm are no longer shown on the dept. list for a winning share.

               

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
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                Posted: May 28, 2006, 7:03 pm - IP Logged

                kjsfriend,

                What is the point of having everyone sign a disclaimer if only one person actually invested money in the ticket?  If Joanna wants to share her winnings with all or any of her co-workers she doesn't need a contract with them before the drawing.  That contract sounds more like a trap than protection because if someone signs an agreement that they expect to share the winnings of someone lottery ticket in which they invested nothing then they must assume the other person expects the same of them. 

                Sounds like for an investment of $1 Joanna has secured the rights to share the lottery winnings of everyone on her list.  I think if anyone on that list had a winning lottery ticket and Joanna wanted a share, they would have a hard time convincing a court that the agreement was only good if her ticket won.

                RJOh

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

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                  New Member

                  United States
                  Member #40170
                  May 28, 2006
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                  Posted: May 28, 2006, 9:04 pm - IP Logged

                  hi

                  do you theSNM for may 28 29 and 30?

                   

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
                    Member #9
                    March 24, 2001
                    19813 Posts
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                    Posted: May 29, 2006, 3:20 pm - IP Logged

                    Have you checked the result page?

                     * you don't need to buy more tickets, just buy a winning ticket * 
                       
                                 Evil Looking       

                      justxploring's avatar - villiarna
                      Wandering Aimlessly
                      United States
                      Member #25360
                      November 5, 2005
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                      Posted: May 29, 2006, 3:39 pm - IP Logged

                      I will get into a pool today, as we are expecting temps in the high 90's

                      LOL

                      DD

                      Just watch out for those pool sharks, DD.

                       

                        Avatar
                        Coastal Georgia
                        United States
                        Member #2653
                        October 30, 2003
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                        Posted: May 29, 2006, 4:20 pm - IP Logged

                        I will get into a pool today, as we are expecting temps in the high 90's

                        LOL

                        DD

                        Just watch out for those pool sharks, DD.

                         

                        Oh, the dreaded pool sharks !!! Scared 

                         

                                                       

                                      

                         

                         


                          United States
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                          June 5, 2002
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                          Posted: May 30, 2006, 9:41 am - IP Logged

                          I will get into a pool today, as we are expecting temps in the high 90's

                          LOL

                          DD

                          Just watch out for those pool sharks, DD.

                           

                          Oh, the dreaded pool sharks !!! Scared 

                          I'm going to Florida in October. I'll have to worry about alligators. Florida is the only state with crocodiles.

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                            Coastal Georgia
                            United States
                            Member #2653
                            October 30, 2003
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                            Posted: May 30, 2006, 11:48 am - IP Logged

                            I will get into a pool today, as we are expecting temps in the high 90's

                            LOL

                            DD

                            Just watch out for those pool sharks, DD.

                             

                            Oh, the dreaded pool sharks !!! Scared 

                            I'm going to Florida in October. I'll have to worry about alligators. Florida is the only state with crocodiles.

                            Be very careful, CASH.

                            Crocs and Gators don't do annuities, either-

                             they eat you in lump sums..

                            DD

                             

                                                           

                                          

                             

                             

                              loves2lotto's avatar - Lottery-029.jpg
                              Charlotte, North Carolina
                              United States
                              Member #36131
                              March 28, 2006
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                              Posted: May 30, 2006, 3:39 pm - IP Logged

                              ROFL

                              I see a huge powerball win in my future!

                                                      Hyper