|Posted: January 24, 2007, 1:49 am - IP Logged|
Howdy Folks,I'm new to the board and site, so greetings to all.
I'm trying to organize a lotto-bowling league. It's a unique idea with a lot of possibilities. I'm still negotiating the details with the bowl manager.
I'll tell you how it works and then you can offer any ideas or suggestions that I may not have thought of.
The league will have between 40-60 members. League fees will either be $16 or $20 per week. Most bowling leagues in this area cost $13 to $17 per week. We will be appealing to established bowlers with a casual interest in playing lotto. We might be able to attract some of the die-hard lotto players who also bowl. The casual players may not be too keen on the $20 per week option.
The $16 per week league includes three games of bowling. A portion of the fees will go into a standard bowling league prize fund, and bowling fees. The rest of the money will go towards lotto pools.
Each league member will automatically be entered into two main lotto pools. We are in California, so the two pools are SuperLotto Plus and Mega Millions. Each player will own one equal share in each pool. We will buy one ticket per player per draw (4 draws per week). So if we have 50 members we will buy 50 tickets for every draw.
All winnings will go into a special prize pool account which will be paid out at the end of the 16-week league, or when each share exceeds $100. To keep things simple and easy to manage, these winnings will not be reinvested.
For those who want more than an oversized lotto pool we will offer additional weekly pools for those who want smaller and stronger pools. These optional pools will be paid out in full the following week. Optional pools include:
- Mega Millions
- Fantasy Five
The $20 per week league is the same as above except we will add Powerball as the third all-inclusive league pool ($4 per week (2 draws @ $1 + $1 power-play)). We are in San Diego, so once every five weeks I will drive to Yuma and legally buy tickets for the league pool and optional pools.
There are several things that make this concept appealing:
- All players meet every week.
- Each player is financially obligated to pay in full every week even if they don't show up. This means every player is in the pool every draw even if they don't show up to bowl. This eliminates a lot of the hassles (lawsuits) that office pools have when they hit it big.
- Each player can choose his/her own numbers, or quick pick if they want. Each team (three players) uses it's own team playslip that we keep on file. We use the same playslips every week. A player can easily change numbers every week if they choose.
The bowling center is a licensed Lottery retailer. Therefore the Lotto League is conducted by a separate San Diego lottery Club and the bowling center is not involved in promoting the league, buying tickets or banking the money. They simply provide the bowling lanes.
I've done a lot of research on this. I'm still preparing the official rules, format and release/agreement forms.
Any thoughts or ideas? Am I wasting my time...?
Thanks - Brian