Buying all tickets

Reply #11

Badger — Sat, 04 Feb 2006 13:02:27 GMT

It's called.....GREED.

Reply #10

DoctorEw220 — Sat, 04 Feb 2006 05:59:08 GMT

Nowadays if a lottery suspects that someone is trying to buy out a game, they will make the machine slow down (somehow the lottery can do that from the main office) or they will send someone to the location to shut the machine down.

Reply #9

lottobrain — Sat, 04 Feb 2006 05:22:04 GMT

When the Virginia lottery came out with their lotto game and the odds were around 7 million to 1, an Australian organization showed up with pre printed lotto cards with every combination and proceeded to try to purchase all of the tickets for about a $20 million dollar jackpot. They were only able to get about 5 million of the tickets before the lottery got wise to what was going on and put a halt to massive purchases. If I remember correctly, there were 3 winning tickets for that one, but the g... [ More ]

Reply #8

emilyg — Sat, 04 Feb 2006 05:09:43 GMT

Reply #7

scott_one — Sat, 04 Feb 2006 05:01:26 GMT

If you had 76 million dollars....why would you need to play the lottery

Reply #6

DoctorEw220 — Sat, 04 Feb 2006 03:35:26 GMT

Don't forget that if you have someone else search your tickets, they may not be trustworthy and screw you out of your money.

Reply #5

Editgap — Sat, 04 Feb 2006 01:14:08 GMT

To put it in other words: It is still gambling.

Except you are doing it with 76 mill.

Reply #4

Badger — Sat, 04 Feb 2006 00:43:35 GMT

I agree with CalifDude. Even if you got a syndicate together, how big (how many people) would it have to be to fork up 76 million Euros?

Then you win. How long would it take to look through 76 million Euros worth of tickets? That would obviously depend upon how many hands (people) were in the syndicate. Because one person isn't going to be able to get it done. And the more people involved, the more the jackpot is cut-up among them.

It could be a logistical nightmare

Reply #3

nowornever — Fri, 03 Feb 2006 13:38:14 GMT

Right - is this the reason that a cap is put on the jackpot and the maxiumum number of rollovers as just introduced by the adminstrators of euro millions

Reply #2

CalifDude — Fri, 03 Feb 2006 13:33:33 GMT

The possibility of having to share and thus loose money is part of it. One of the biggest problems with buying all the tickets is the time involved. How long would it take you (over even a group of people) to buy 76 million tickets?

This type of thing was done a few times here in California. That was when the odds of winning were 14 million to one. A man had a group of people that purchased tickets at convenience stores. He won a few times. Once there was a problem and he missed buyin... [ More ]

Reply #1

whitmansm2 — Fri, 03 Feb 2006 13:21:28 GMT

$76 million holding them back? If it eases your mind some, let me borrow $76 mil and I'll pay you back!

lol

(sorry no better help than that

Buying all tickets

nowornever — Fri, 03 Feb 2006 12:44:20 GMT

Can someone help:

With the euro millions lottery tonight standing at about 170 million dollars, and the probability of winning being one in 76 million, is the only thing holding someone back from buying every ticket (at a cost of aboout $2.3 /ticket) the risk that the jackpot might be shared out amongs many?

What is going on?

How come no one or a syndicate has not gone in for the kill yet?

Many thanks

Nic