Lottery Pools

Reply #17

Lucky Loser — Tue, 04 Mar 2014 03:52:13 GMT

When you deal with people and money in this capacity, you're conducting business...and folks take their money seriously if they value their hard work. This is the way you run a pool and maintain all the 'checks and balances' if you get my drift. Yes, it is a bit of work but, it reflects directly on your professionalism and says a lot about your character! In the event of a win, everyone is on the same page without question. Nice!

L.L.

Reply #16

schmuckatelly — Tue, 04 Mar 2014 01:15:01 GMT

I run 3 seperate pools. All 3 of them signed agreements.

2 of them are state lottery games and I have 10 people in each one, all but 2 are in the same ones. For those 2 they pay for the entire month upfront. any winnings go towards next month dues. Any left over change per person is combined and extra tickets are bought for the first drawing of the month.

The 3rd is Powerball, I have 20 people max and only played when JP is $100+ million. Because people work on different shifts, I r... [ More ]

Reply #15

Lucky Loser — Mon, 03 Mar 2014 15:15:22 GMT

Your name does not go on the list if you didnt pony up. I save all of the lists of names because sometimes a person doesnt play but they did play last time. If we won 3 bucks last time we played and because I roll that 3 bucks into the next time we play, I figure the person who played last time should be in the mix if we won the JP for the current drawing because they won a small fraction of that 3 bucks we won last time we played. To me that's the ethical (not to mention morally correct) thing... [ More ]

Reply #14

savagegoose — Mon, 03 Mar 2014 14:11:11 GMT

here is a sample of the bank account i use for 1 of the lotto pools,. all money paid to the pool goes into it, and winnings go in, all costs come out.

see there is 2x $25 thats ea monthand monthy costs are around $46, this one is me and 1 guy. another account only has my family putting in $10 ea month. including me thats $50 also. i offer the PDF file of transactions, but no one cares to look at them,. its not proof i buy the tickets. but the occasional win is I guess.

as a side

Reply #13

GiveFive — Mon, 03 Mar 2014 13:09:47 GMT

Yes I play in an office pool. I run it.

There are approximately 20 people who play, sometimes there are more than 20 people, sometimes there are less than 20.

I run around and collect either 1 dollar from anyone who wants to play if we play Mega. I collect 2 bucks if we play PowerBall. I keep a list of names of everyone who plays for each drawing. Your name does not go on the list if you didnt pony up. I save all of the lists of names because sometimes a person doesnt play but they did pla... [ More ]

Reply #12

maringoman — Mon, 03 Mar 2014 02:45:53 GMT

Do you play in a lottery pool? Yes sometimes.

If so, how many people are in your pool? Usually about 10. We have one member that comes in once in a while

How do you handle signups/payments/sending copies of tickets? We just make copies of the tickets for everybody in it and then hang one copy on the office fridge with the names of everybody in the latest pool and how much they contributed. We have never won anything haha.

Do you have a legal agreement in place? No. only the tickets pre... [ More ]

Reply #11

SergeM — Sun, 02 Mar 2014 23:47:57 GMT

The only way to get enough money to play is to rob a bank or start a pool. The chance to win is so small that nobody wants to play.

With the introduction of Euro Millions they killed the local lotto. At the beginning for 6 euros I had 12 lotto combinations or 3 Euro Millions combinations. It is evident that you don't play Euro Millions. The greedy ones started playing Euro Millions and dropped lotto. Now the lotto costs double and there are more numbers. People are unbelivable. Good times are... [ More ]

Reply #10

PrisonerSix — Sun, 02 Mar 2014 22:06:20 GMT

You're probably right about the written agreement thing. When it first started, it was just me and my officemate, but she told others and membership increased. We've been doing this for a long time, so I do trust the people in the group.

As for if anyone wins on their own personal tickets, I've never considered the idea of sharing that. After all, there's no dispute over which tickets belong to the pool and which are separate. I have one coworker who said if she did win it big, she would l... [ More ]

Reply #9

Lucky Loser — Sun, 02 Mar 2014 21:37:12 GMT

We don't have a written agreement in place and I hope all the members are trustworthy.

so there's no dispute about which tickets belong to the pool and which are our own tickets.

If it's okay, I'd like to discuss these two items briefly. First, I hope that the (12) years of trustworthiness will also prevail in the event of a winning ticket without an agreement in place. For the record, with the type of money involved here with winning, a signed and notarized agreement should be standa... [ More ]

Reply #8

NightStalker — Sun, 02 Mar 2014 18:53:11 GMT

I run the pool at work. I have an envelope in a community filing cabinet that is marked for the next draw, the date, and the amount. If someone wants to play, they put in $2 and then sign their name on the envelope. I get the tickets on the day of the drawing and then copy them and send an email to everyone that paid in along with a copy of the tickets. Any money won that isn't enough to pay everyone in the pool back their $2, goes in for the next drawing. We do not have a legal agreement in pla... [ More ]

Reply #7

rdgrnr — Sun, 02 Mar 2014 18:13:42 GMT

...and if you win ill just sue.

Now that's an example of one of the most inexpensive systems available for today's discerning lottery player.

Undulating lawyers go into full twerk mode at the mere mention of it.

Reply #6

maresca — Sun, 02 Mar 2014 16:16:09 GMT

At work, we have a lottery pool of about 20 to 30 people depending on the jackpot size. Our lottery pool manager has a signup sheet. We pay her the buck or two which goes into an envelope and sign our name on a sheet. She then makes copies of the tickets and hands them out. Whenever we win a few bucks, the winnings are rolled over into the next drawing.

Reply #5

bigbear29 — Sun, 02 Mar 2014 14:27:29 GMT

You need a pool that is willing to play every drawing. One ticket just won the powerball in california, yes california mmmmm

But it is real cash to win at any amount.

Reply #4

CDanaT — Sun, 02 Mar 2014 14:05:00 GMT

I used to do that with former coworkers...To be in the pool(my group was 7) for the drawing you had to bring a ticket and we would make copies of them to pass out. I would have each person put their initials next to their ticket on the master copy sheet. If you didn't bring a ticket because you were sick/on vacation/forgot, then another person could buy one and bring it in for you. If you didn't bring in a ticket at all, you were not part of the winning split for the next draw........Now its jus... [ More ]

Reply #3

rowlettewheel — Sun, 02 Mar 2014 10:07:54 GMT

i run the work one, but no one wants to play till it's 250 + one day...one day

Reply #2

savagegoose — Sun, 02 Mar 2014 09:25:40 GMT

no office pool type thing. i run a pool for my family members. so 5 in that. im in a pool with 2 friends so 3 in that, and me and a buddy play togther, he sends money and buy tickets. they all pplay regular sets of numbers. i had had more people in the pals one, but they where mostly dicks, who kept saying i cant afford it this week, and if you win ill just sue. so now that pal pool is down t 3 of us

we have player registration cards, and ea pool is played on a different cardi hear theyr... [ More ]

Reply #1

PrisonerSix — Sun, 02 Mar 2014 05:29:01 GMT

I run a lottery pool in my office and have done so for around 12 years or so. Our pool currently has 12 members. Each member pays $4 on payday, which is every 2 weeks. I use that money to buy a mix of Powerball, MegaMillions, and Louisiana Lotto tickets. I buy tickets for all of the drawings between paydays, a total of 4 on 3 different games. We don't have a written agreement in place and I hope all the members are trustworthy. We play every drawing regardless of what the jackpot is. Lower tier... [ More ]

Lottery Pools

maresca — Sun, 02 Mar 2014 05:07:32 GMT

Do you play in a lottery pool? If so, how many people are in your pool? How do you handle signups/payments/sending copies of tickets? Do you have a legal agreement in place? Do you have a minimum amount for a jackpot before your pool will play? If so, how much