How To Protect Yourself In A Lottery Pool

Comment #34

CASH Only — Fri, 02 Jun 2006 14:45:06 GMT

AFAIK they drown humans before they devour them. But I still don't want to die that way.

Comment #33

SassyOhio — Thu, 01 Jun 2006 03:30:57 GMT

I have been doing a pool for almost a year now at my work and I have posted the contract that I use most of u have read it IT IS AIR TIGHT and it states IN the contract that PAST PARTICIPATION DOES NOT ALLOW YOU TO ANY WINNINGS IF YOU DID NOT ENTER IN THE DAYS POOL I make that sh1t clear ... and I state in it that it will be divided equally between all players and that it is a lump sum only option pool AND I put each name of the player and the amount of the pool on each and every contract copy... [ More ]

Comment #32

justxploring — Wed, 31 May 2006 04:27:54 GMT

Be very careful, CASH. Crocs and Gators don't do annuities, either- they eat you in lump sums.. DD

You can protect yourself by drinking a lot of gator-ade.

Comment #31

DoubleDown — Tue, 30 May 2006 23:43:50 GMT

Happy Tuesday evening to you as well, Libra926...

Hope you are doing well...

A/C rules !!!!

Otherwise, you could be like this guy...

Comment #30

libra926 — Tue, 30 May 2006 22:52:48 GMT

happy tuesday..... DD

The temps are also in the 90's here today in Bethesda, but the air conditioning is delightfully delicious........

Comment #29

loves2lotto — Tue, 30 May 2006 19:39:57 GMT

Comment #28

DoubleDown — Tue, 30 May 2006 15:48:28 GMT

Be very careful, CASH.

Crocs and Gators don't do annuities, either-

they eat you in lump sums..

DD

Comment #27

CASH Only — Tue, 30 May 2006 13:41:03 GMT

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

Comment #26

DoubleDown — Mon, 29 May 2006 20:20:36 GMT

Oh, the dreaded pool sharks

Comment #25

justxploring — Mon, 29 May 2006 19:39:18 GMT

Just watch out for those pool sharks, DD.

Comment #24

RJOh — Mon, 29 May 2006 19:20:27 GMT

Have you checked the result page

Comment #23

angelbabyst04 — Mon, 29 May 2006 01:04:19 GMT

hi

do you theSNM for may 28 29 and 30

Comment #22

RJOh — Sun, 28 May 2006 23:03:44 GMT

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 sa... [ More ]

Comment #21

kjsfriend — Sun, 28 May 2006 21:16:20 GMT

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 $X... [ More ]

Comment #20

Trained2beRich — Sun, 28 May 2006 16:47:08 GMT

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 SuzieCow... [ More ]

Comment #19

TGOOD7 — Sun, 28 May 2006 09:16:21 GMT

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

Comment #18

acronym007 — Sun, 28 May 2006 00:36:57 GMT

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 m... [ More ]

Comment #17

acronym007 — Sun, 28 May 2006 00:30:14 GMT

Quote: Originally posted by RJOh on May 26, 2006 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 al... [ More ]

Comment #16

savagegoose — Sat, 27 May 2006 22:03:39 GMT

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

Comment #15

TheGameGrl — Sat, 27 May 2006 04:43:17 GMT

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.

Comment #14

RJOh — Fri, 26 May 2006 21:26:11 GMT

Work place lottery pools work fine until they win some money and some coworkers not in the pool start thinking of the winnings as free money to be shared with them.

Some will even file a frivolous law suit hoping pool members will opt to share their winnings rather than have the expense of a trial and a long wait to get their money.

If more pool managers made copies of the pool tickets with member names for each member before the drawings then there would be less chances of someone cla... [ More ]

Comment #13

ochoop17 — Fri, 26 May 2006 20:43:11 GMT

It's simple, pay, signed your name, and get copies of tickets.

Comment #12

four4me — Fri, 26 May 2006 15:50:58 GMT

quote: You just write down what you want to do, how many tickets you're going to buy, who's going to buy them and how the proceeds are going to be split. All members pay in advance. write each members name that's in the pool. No additional members after tickets are purchased. make no promises to people that aren't in the pool unless it's in writing. Like if Joe/smoe was out the day the tickets were bought and he/she didn't pay in advance then their not in it for that drawing.... [ More ]

Comment #11

beebobb — Fri, 26 May 2006 15:11:12 GMT

Why play

Comment #10

LottoGroups — Fri, 26 May 2006 14:56:45 GMT

I protect the interests of all members by:

1. Tracking all members on our lotto groups website.

2. Sending an email to all members before each ticket purchase. Your name must be on the list to be considered part of the group. A very extensive paper trail. Very unlikely someone could win a case against us.

It is worth the extra work given the dramaticaly increased odds of winning when part of a group.

Comment #9

bambini — Fri, 26 May 2006 14:29:51 GMT

Its really simple, if its not in writing, it doesn't exsist

Comment #8

tg636 — Fri, 26 May 2006 14:19:49 GMT

The problem is when you have someone who is sometimes in the pool and sometimes not in. The win comes when they were on vacation or claim they asked Joe to front them the money or they were going to pay on wednesday, always some excuse. So even though they didn't really pay they feel entitled. After all, the money is so close and the others wouldn't be so cruel as to deny them a share of the jackpot just because they were a little late with the money...would they? Why, yes they would, as they s... [ More ]

Comment #7

CASH Only — Fri, 26 May 2006 13:39:20 GMT

The other thing you have to do is make sure the pool chooses lump sum BEFORE you join. What if you join the pool, and after winning the pool the group (not you) chooses annuity

Comment #6

DoubleDown — Fri, 26 May 2006 13:23:33 GMT

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

DD

Comment #5

LOTTOMIKE — Fri, 26 May 2006 08:24:57 GMT

i would join a lottery pool in a minute if i knew someone in my area doing one.i don't mind sharing 50 million with fifteen people.......

Comment #4

justxploring — Fri, 26 May 2006 06:47:56 GMT

Comment #3

RJOh — Fri, 26 May 2006 04:36:07 GMT

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.

Comment #2

bellyache — Fri, 26 May 2006 02:59:46 GMT

I think having a contract drafted by a lawyer sounds like a good idea. I know you don't have to go through a lawyer, but I think it offers more protection against those people trying to claim a piece of the prize when they weren't in the pool.

Comment #1

CalifDude — Fri, 26 May 2006 02:45:33 GMT

When I ran lottery pools for the jackpot games (California Super Lotto Plus), everyone that was in the pool printed their name on a piece of paper and showed that they had paid their $5. After the tickets were purchased, everyone got a photo copy of all the tickets AND the list of names. Although we never hit the big one, I also had the paperwork that California provided for lottery pools (all the legal stuff).

How To Protect Yourself In A Lottery Pool

Lottery Post — Fri, 26 May 2006 02:39:00 GMT

Now that $21 million in Texas Lottery prize money is in limbo as a result of a pending lawsuit that has frozen the money, many people wonder how they can protect themselves from falling victim of a lottery pool dispute.

The six Lubbock winners are being sued by a seventh person who claims, but has no written proof, that she was supposed to be included in the winnings.

Who could have thought a little piece of paper could cause so much trouble? More than money, a winning ticket could bring