The Percentage Who Go Bankrupt?Prev Topic Next Topic

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What percentage of online lottery players bust their accounts and have to continually add funds?

100%

[ 4 ]

[ 9.3% ]

99%

[ 9 ]

[ 20.9% ]

95%

[ 12 ]

[ 27.9% ]

90%

[ 1 ]

[ 2.3% ]

80%

[ 1 ]

[ 2.3% ]

70%

[ 2 ]

[ 4.7% ]

60%

[ 2 ]

[ 4.7% ]

50%

[ 2 ]

[ 4.7% ]

25%

[ 3 ]

[ 7.0% ]

This poll really stinks!!!

[ 7 ]

[ 16.3% ]

Total valid votes

[ 43 ]

Discarded votes

[ 7 ]

sfilippo

Oklahoma
United States
Member #33,769
February 24, 2006
3,146 Posts
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Feb 6, 2007, 6:01 am

Is this one too personal? Might be.
I'd say the percentage is right inline with commodity traders and 95% of online players go bust, including me.

Steve
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Feb 6, 2007, 6:53 am

If I did it more than once, I would quit...
I had to add to my account when I first started two weeks later...
I went quarter crazy..

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44
JAG331

Greenwich, CT
United States
Member #4,793
May 24, 2004
1,822 Posts
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Feb 6, 2007, 11:10 am

The lottery is designed to be a losing game...so I'd say most people would have to restock their account at some point.
guesser

United States
Member #41,382
June 16, 2006
1,969 Posts
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Feb 6, 2007, 2:34 pm

97% of all folks that visit casinos lose, it's no different here, in the long run.
allcash!

United States
Member #30,476
January 17, 2006
110 Posts
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Feb 6, 2007, 2:37 pm

Quote: Originally posted by guesser on Feb 6, 2007
97% of all folks that visit casinos lose, it's no different here, in the long run.

I agree
tntea

50

United States
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June 30, 2004
23,639 Posts
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Feb 6, 2007, 6:37 pm

Quote: Originally posted by JAG331 on Feb 6, 2007
The lottery is designed to be a losing game...so I'd say most people would have to restock their account at some point.

Until they get to the point that they will have a reason behind a number they are playing.
Hubby bets ballgames. I will pick a game and he will ask "Why?".. He assures me that I need to have a reason behind my picks or it is just plain foolish gambling.

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44
LOTTOMIKE

Tennessee
United States
Member #7,853
October 15, 2004
11,352 Posts
Offline

Feb 12, 2007, 8:30 am

unless you have consistent hits you'll always bust sooner or later.
MADDOG10

50

Beautiful Florida
United States
Member #5,709
July 18, 2004
29,478 Posts
Offline

Feb 12, 2007, 9:22 pm

Quote: Originally posted by guesser on Feb 6, 2007
97% of all folks that visit casinos lose, it's no different here, in the long run.

Absolutely agree with this...!

KARMA...Has no menu. You get served what you deserve
LckyLary

United States
Member #10,720
January 23, 2005
935 Posts
Offline

Feb 12, 2007, 11:14 pm

On Numbers games the Lottery usually takes 50 percent (not taxes, just their share!) so your system has to have a hit ratio of 200% of normal (random chance) just to break even! I saw an ad on here for online where Pickits are 25c instead of 50c. If the payouts match the State payouts then a system used with online plays could make good profit with only a slight edge over normal. The catch is, I don't know! How they sell Numbers for 25c is a mystery but I speculate that for Numbers games they don't actually buy tickets but pay out prizes from their private money, whatever they take in, but even then at 25c each they would only break even so how are they staying in business??? I MIGHT consider online plays if that question is ever answered and if there's no chance of getting in trouble legally by playing online. If I have an algorithm that I think won't make money then I try to find a better one pronto.
LottoL

Texas
United States
Member #33,718
February 24, 2006
764 Posts
Offline

Feb 14, 2007, 3:21 am

Quote: Originally posted by guesser on Feb 6, 2007
97% of all folks that visit casinos lose, it's no different here, in the long run.

I agree. . .
But I wonder how many of those 97% were up on the plus side at one time or another?
In the long run, it's a loser's game for most players. As for me, I've always had better
luck at casinos in Las Vegas -- playing lotteries has never paid off in a positive way.
Best of Luck!
LottoL
LOTTOMIKE

Tennessee
United States
Member #7,853
October 15, 2004
11,352 Posts
Offline

Feb 15, 2007, 2:34 am

Quote: Originally posted by LckyLary on Feb 12, 2007
On Numbers games the Lottery usually takes 50 percent (not taxes, just their share!) so your system has to have a hit ratio of 200% of normal (random chance) just to break even! I saw an ad on here for online where Pickits are 25c instead of 50c. If the payouts match the State payouts then a system used with online plays could make good profit with only a slight edge over normal. The catch is, I don't know! How they sell Numbers for 25c is a mystery but I speculate that for Numbers games they don't actually buy tickets but pay out prizes from their private money, whatever they take in, but even then at 25c each they would only break even so how are they staying in business??? I MIGHT consider online plays if that question is ever answered and if there's no chance of getting in trouble legally by playing online. If I have an algorithm that I think won't make money then I try to find a better one pronto.

i've wondered this myself.good question....
tungsten chef

Winnipeg
Canada
Member #14,974
May 7, 2005
3,705 Posts
Offline

Feb 17, 2007, 12:53 pm

the online books that do have the daily number games probably figure in all the money they make from every area..casino, sports, lottery. i'm sure if they were losing money big on just the daily games they would change the wager from a minimum of 25 cents to a higher wager or shut them down completely.
tntea

50

United States
Member #5,344
June 30, 2004
23,639 Posts
Offline

Feb 17, 2007, 1:37 pm

Quote: Originally posted by LckyLary on Feb 12, 2007
On Numbers games the Lottery usually takes 50 percent (not taxes, just their share!) so your system has to have a hit ratio of 200% of normal (random chance) just to break even! I saw an ad on here for online where Pickits are 25c instead of 50c. If the payouts match the State payouts then a system used with online plays could make good profit with only a slight edge over normal. The catch is, I don't know! How they sell Numbers for 25c is a mystery but I speculate that for Numbers games they don't actually buy tickets but pay out prizes from their private money, whatever they take in, but even then at 25c each they would only break even so how are they staying in business??? I MIGHT consider online plays if that question is ever answered and if there's no chance of getting in trouble legally by playing online. If I have an algorithm that I think won't make money then I try to find a better one pronto.

The online that provides the casino games and sportsbet take in more money. The lottery games do pay out better than the in store games in the states.
I am sure that the casinos online that provide the lottery, keep their banks up. I worried about getting in trouble with all the transfers back to my bank account after winning. I finally got the money settled here and there and have decided not to play online anymore.
I miss it something terribly. But the worries are gone now..
The only money loss online for me was when I spend winnings playing roulette or blackjack.
Hubby loss some at sports.. but he only loss his winnings back.
The pick 3 and pick 4 games kept me playing...
To play for nearly 3 years with only $100 total deposit from our hard earn money was pretty good I would say. The return was fantastic.

OLD/Vtrac Lottery Bible Double Warnings TN F34/F44

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