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Dropping out of lottery pool costs teacher millions

Topic closed. 59 replies. Last post 5 years ago by Iesha Kelly.

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dpoly1's avatar - driver
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Posted: November 25, 2011, 11:07 am - IP Logged

Wow ........................

I keep playing by myself .......... if only $1 per draw (Mega or Powerball)...............

If you want to be green ......... win money ! Big Grin Santa

    JAP69's avatar - alas
    South Carolina
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    Posted: November 25, 2011, 11:17 am - IP Logged

    One advantage of playing only for yourself and not in a pool is if you drop playing for awhile you will never know if you won or lost.
    Now this person here may need to go to a therapist to be treated for "lottery pool dropout trauma" now that he knows he could have been a winner. Unhappy

    MAGA

      Piaceri's avatar - sarsony1
      Republic of Texas
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      Posted: November 25, 2011, 11:19 am - IP Logged

      Yep, prime example for a lawsuit waiting to happen. I'm sure he's already been contacted by % lawyers.

       

      Ya gotta play for it to pay.

      face

      singlewinnersinglewinnersinglewinner   

        psykomo's avatar - animal shark.jpg

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        Posted: November 25, 2011, 12:22 pm - IP Logged

        Whoa, bummer.

        He may have been what was holding them back. I believe the old saying that "scared money never wins" and cheapskates are always scared about risking their money. I wouldn't want to be in a pool unless everyone in it was upbeat and positive.

        He thought he was never gonna win.

        And of course he was right.

        That's how it works.

              I Agree!RIGHT ON BROTHER from another MOTHER Jester Laugh

                                                "TODAY's the DAY"

                        Quote: MEL FISHER Flordia treasure hunter

                   Big Grin Santa     Jack-in-the-Box       Big Grin Santa

          cbr$'s avatar - maren
          Cordova,Al.
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          Posted: November 25, 2011, 12:25 pm - IP Logged

          Cheerscongrat's to the seven plumbers , who win Lotto 6/49. too the retired instructor  and Mr Johnston gentleman it called gambling. so you had a loss think postive if not this time next time  somebody has to win it why not  you . When you win enjoy it  to high heaven. better luck next time.

            LottoGuyBC's avatar - Lottery-050.jpg
            British Columbia
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            Posted: November 25, 2011, 12:52 pm - IP Logged

            if it wasn't meant to be, then it wasn't meant to be

            Congratz to the Lucky 7 Cheers

            "You have to be in it to win it!"

              TheGameGrl's avatar - character catafly.jpg
              A long and winding road
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              Posted: November 25, 2011, 2:10 pm - IP Logged

              I'm sure he is a bit peeved at his "potential" loss, yet I have little advocacy for Lottery pools. Between Taxes and the govt, one just does not gain what they could if they went it alone.

              Play alone, claim alone is my motto!!

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

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

                LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
                Tx
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                Posted: November 25, 2011, 4:55 pm - IP Logged

                Whoa, bummer.

                He may have been what was holding them back. I believe the old saying that "scared money never wins" and cheapskates are always scared about risking their money. I wouldn't want to be in a pool unless everyone in it was upbeat and positive.

                He thought he was never gonna win.

                And of course he was right.

                That's how it works.

                It is possible that they might not have been winning because of him, the bible says that you need to have faith for things to happen and maybe he didn't, if he had faith he would have kept on playing, maybe it was a good thing for the group that he pulled out of the pool.

                BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

                "Ten measures of beauty descended to the world, nine were taken by Jerusalem."

                  LANTERN's avatar - kilroy 28_173_reasonably_small.jpg
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                  Posted: November 25, 2011, 5:08 pm - IP Logged

                  I'm sure he is a bit peeved at his "potential" loss, yet I have little advocacy for Lottery pools. Between Taxes and the govt, one just does not gain what they could if they went it alone.

                  Play alone, claim alone is my motto!!

                  The esoteric thought is that there is more power in the union of many than in one alone, if that is right and I don't know if it is then those who play together have a higher chance of winning, they might anyway as they should be able to play more lines-combinations than one person.

                  BibleOnline  ParishesOnline  ChristianRadioOnline   MassOnline   Mass

                  "Ten measures of beauty descended to the world, nine were taken by Jerusalem."

                    weshar75's avatar - Lottery-042.jpg
                    Mcminnville, Oregon
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                    Posted: November 25, 2011, 5:25 pm - IP Logged

                    I guess it was not his time to win and that he has bad karma.  He was bringing the group down so they gave him the boot.  Now they are winners good luck to them.  It is a nice win for the seven.  They can relax and not work so hard.-weshar75

                      TheGameGrl's avatar - character catafly.jpg
                      A long and winding road
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                      Posted: November 25, 2011, 6:00 pm - IP Logged

                      The esoteric thought is that there is more power in the union of many than in one alone, if that is right and I don't know if it is then those who play together have a higher chance of winning, they might anyway as they should be able to play more lines-combinations than one person.

                      Thank you for this concept. In lottery play it is irrelavant. One line wins plain and simple, so having ten tickets with variable combos may all be losers, where as one ticket can have them all. True fact , Now if its asked if you buy 50$ worth of tickets is your chance any better? Nope, the odds stay the same. One line with all winning numbers. I prove this succesfully every week as our work place has a "pool" for players. Accumilatively the group contributes 60$ per week for playing with wins of 2-8$ maybe once a month. I can pull in 12$ and 150$ sometimes on my $1 play. Yet they must split the 8$ win amongst 15 people.  Hopefully this example makes sense. Point being I gain more on my own then a group that has to split a win no matter how meager it is.

                      Lottery pools when won may seem like a big win, and sometimes it is. TO that I have no disagreement, yet we rarely hear of all the lottery pools that lose more consistently and longer. After awhile a good investor would realize that there money is better served in other ways then to squander it with a group that is losing consistently. Moral being: KNow when to cut your loss's and know when to go it alone. The Guy made the right decision for his budget.

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

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

                        JAP69's avatar - alas
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                        Posted: November 25, 2011, 7:55 pm - IP Logged

                        Yep, good point.

                        You are right about playing a lot of lines and the odds are still the same where it takes only one line to win.

                        In the case of this person dropping out the rest of the players did not need his pool portion to buy more lines. They won on what they purchased.

                        MAGA

                          savagegoose's avatar - ProfilePho
                          adelaide sa
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                          Posted: November 25, 2011, 8:24 pm - IP Logged

                          these court cases are hardly ever  decided by the judge.  they are setled out of court. ie the winners decide to hand over the cash rather than wait around for the  case to settle.

                           

                          funny this is here; becasue the syndicate im in,  for over 8 years, has just been told 1 guy is pulling out. and when told another guy had pulled out a 2nd guy decided to leave. From 5 to 3.  One of the guys is my second, and was named and titled to  be syndicate manager if i ever couldnt do the job. so all the paper work we did is now useless.

                           

                          i guess it was a good run. of course there was no problems it never won  anything of consequense.

                          funy over the years $8k was spent and $4k was won back,  they state at lotto that the return on avg is %50 of  wagers!

                          2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

                          keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

                            NITEHAWK61's avatar - wings2
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                            Posted: November 25, 2011, 9:04 pm - IP Logged

                            "you got to be in it to win it" simple as that!

                            .

                              dpoly1's avatar - driver
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                              Posted: November 25, 2011, 10:31 pm - IP Logged

                              I am hoping to go Green tonite .................... with MONEY !

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