|Posted: April 12, 2005, 12:36 pm - IP Logged|Quote: Originally posted by four4me on April 11, 2005
I guess two people could be in a pool but it's more like a partnersnip. most lottery pools consist of 10 people or more each contrubiting a set amount. Then either hand picking the numbers to play or buying qpicks. You can decide if you will play for extended draws or just one drawing. Take any moneys won up to the set amount and put it in a kitty for the future drawings.
Remembr to find out if it's ok in your state to run a pool and how you might claim the prize if you win. Be it a trust or otherwise.
I guess partnership would be a better term. I may even suggest we put up $4/paycheck and by 2 tickets for 4 draws. She wants to pick our own numbers because she hasn't had luck with quickpicks, nor has our office when they did a pool when the prize got above $100 million.
We plan to split our winnings 50/50, even for small prizes. If we win a jackpot, our state(Louisiana) does allow trusts or LLCs to claim prizes. We plan to claim anonymously and keep it quiet. I've also suggested to her that if we do win enough to be set for life, don't go on a spending spress and keep our jobs for a few months or so after the prize is claimed, so nobody will get suspicous, then one quit followed by the other some months later, and give no reason as to why. Now we just need to decide who gets to quit first<grin>.