Welcome Guest
Log In | Register )
You last visited December 8, 2016, 10:57 am
All times shown are
Eastern Time (GMT-5:00)

best way to manage a lottery pool?

Topic closed. 6 replies. Last post 7 years ago by Mario38.

Page 1 of 1
PrintE-mailLink
tweak's avatar - i307m
Hudson County , NJ
United States
Member #18866
July 21, 2005
75 Posts
Offline
Posted: February 12, 2010, 9:23 pm - IP Logged

are you involved with a pool? how do you manage it? i currently use excel sheets, printouts and a copy machine.
is there any software that can manage this? maybe one that sends automated emails ?
if not what are your best tips for play?
any help appreciated

"I've never been so sure of anything in my life. I AM GOING TO WIN THIS LOTTERY!
Homer... The odds the 380,000,000 to 1...
CORRECTION!! 380,000,000 to 50!!"
- The Simpsons

    LottoPools's avatar - bee
    Houston, TX
    United States
    Member #4496
    April 29, 2004
    71 Posts
    Offline
    Posted: February 15, 2010, 6:16 pm - IP Logged

    Put your rules in writing and have the pool members sign them.  I run a few pools but the rules are pretty much the same for all of them.  When I catch up with technoloy, I will scan the tickets into the emails.  If you want a copy of the spreadsheet, send me a message.

    Here are my basic rules:

     

    "Pool Name" Pool Buy-In Receipt 

    The 20 people below have paid $5.00 to join the "Pool Name" Lottery Pool run by YOU. Each person has read and understands the rules of the pool and agrees to abide by them.   

     

    The $5.00 grants membership in the pool for drawings from 12-30-08 up to and including 12-11-09. This is referred to as a rotation and this one will last for ALMOST one year. Each new set of numbers in a rotation is referred to as a round.

    MEMBERS (signatures):            Member Name Member Name            Member Name Member NameThe rules:

    1) Membership in this pool: a) is totally independent of any other pools YOUR NAME runs and b) does not guarantee an invitation to join those other pools.

    2) All official communication related to the pool is done by email. If a member does not have email, they must check with the person they paid their money to for updates. YOUR NAME's lotto email address is: ?????@???.com.

    3) Each person pays $5.00 in advance and signs the receipt or has the person she/he paid their money to sign for them with their initials (e.g., Jane Doe /lpp).

    4) The pool plays $1.00 per drawing without the megaplier. This creates a rotation of X (#people x 5.00) drawings. The pool cannot be reopened for new members until a new rotation begins.

    5) YOUR NAME holds the money and purchases CASH OPTION tickets for the drawings. She will play quick picks for one or multiple drawings; it's usually multiple.

    6) Before the drawing is held, YOUR NAME will provide our numbers to the rest of the pool by email.

    7) The email will also include the unique identifier number located at the bottom of each ticket, which is used by state lottery associations to confirm winning tickets.

    8) Pool members will equally share funds won only on the set of numbers provided. 

    9) Everyone in the pool, including YOUR NAME, is free to purchase tickets outside the pool. No one in the pool will have a claim on another's winnings from tickets purchased individually or as part of another pool.   YOUR NAME is protected by this rule only when numbers purchased for new rounds are provided to at least one other member before the drawing by email, or cell phone text. Sometimes, this may require her to phone the numbers in to another member and have that member send the numbers out.

    10) If small amounts (less than $150.00) are won, they are used to purchase tickets until the funds run out; this also extends the length of the rotation.

    11) When we win, we will not claim the prize immediately. We will need time to set up the corporation that TX requires when payment is to be made to a group of people. Also, we want to avoid as much press coverage as possible. NAME NAME has agreed to be our spokesperson but anyone is welcome to join her for the press coverage.

    12) The following items must be communicated by email: Someone joining or leaving the pool, new rotation buy-in deadlines, and the amount of small wins with the new date for the end of the rotation.

    13) It is each pool member's responsibility to check their email for the numbers and to update YOUR NAME on any changes to email addresses.

    14) If we do not win on this rotation and a new one is opened, for any member wishing to remain in the pool, it is THEIR responsibility to make sure they buy into the next rotation by paying their money before the deadline of November 24, 2009 (this deadline may be extended if there are small wins or if a day to buy tickets is missed). If the member does not take verifiable steps to make sure they buy into the next rotation, they will have no claims on any winnings from that new rotation (i.e., they cannot sue for a portion of a winning ticket).

    15) All of these rules are in place because of past lottery pool lawsuits, especially 1, 8, 9, and 14.END

    ________________________

    Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.


      Canada
      Member #68663
      December 27, 2008
      260 Posts
      Offline
      Posted: February 16, 2010, 12:31 am - IP Logged

      are you involved with a pool? how do you manage it? i currently use excel sheets, printouts and a copy machine.
      is there any software that can manage this? maybe one that sends automated emails ?
      if not what are your best tips for play?
      any help appreciated

      I use a spreadsheet and an email merge program. The email program customizes the emails for each member by including their account balance and number of shares in each group. This information is automatically retrieved from the spreadsheet.

      Good luck.


        United States
        Member #75358
        June 1, 2009
        5345 Posts
        Offline
        Posted: February 16, 2010, 1:06 am - IP Logged

        Put your rules in writing and have the pool members sign them.  I run a few pools but the rules are pretty much the same for all of them.  When I catch up with technoloy, I will scan the tickets into the emails.  If you want a copy of the spreadsheet, send me a message.

        Here are my basic rules:

         

        "Pool Name" Pool Buy-In Receipt 

        The 20 people below have paid $5.00 to join the "Pool Name" Lottery Pool run by YOU. Each person has read and understands the rules of the pool and agrees to abide by them.   

         

        The $5.00 grants membership in the pool for drawings from 12-30-08 up to and including 12-11-09. This is referred to as a rotation and this one will last for ALMOST one year. Each new set of numbers in a rotation is referred to as a round.

        MEMBERS (signatures):            Member Name Member Name            Member Name Member NameThe rules:

        1) Membership in this pool: a) is totally independent of any other pools YOUR NAME runs and b) does not guarantee an invitation to join those other pools.

        2) All official communication related to the pool is done by email. If a member does not have email, they must check with the person they paid their money to for updates. YOUR NAME's lotto email address is: ?????@???.com.

        3) Each person pays $5.00 in advance and signs the receipt or has the person she/he paid their money to sign for them with their initials (e.g., Jane Doe /lpp).

        4) The pool plays $1.00 per drawing without the megaplier. This creates a rotation of X (#people x 5.00) drawings. The pool cannot be reopened for new members until a new rotation begins.

        5) YOUR NAME holds the money and purchases CASH OPTION tickets for the drawings. She will play quick picks for one or multiple drawings; it's usually multiple.

        6) Before the drawing is held, YOUR NAME will provide our numbers to the rest of the pool by email.

        7) The email will also include the unique identifier number located at the bottom of each ticket, which is used by state lottery associations to confirm winning tickets.

        8) Pool members will equally share funds won only on the set of numbers provided. 

        9) Everyone in the pool, including YOUR NAME, is free to purchase tickets outside the pool. No one in the pool will have a claim on another's winnings from tickets purchased individually or as part of another pool.   YOUR NAME is protected by this rule only when numbers purchased for new rounds are provided to at least one other member before the drawing by email, or cell phone text. Sometimes, this may require her to phone the numbers in to another member and have that member send the numbers out.

        10) If small amounts (less than $150.00) are won, they are used to purchase tickets until the funds run out; this also extends the length of the rotation.

        11) When we win, we will not claim the prize immediately. We will need time to set up the corporation that TX requires when payment is to be made to a group of people. Also, we want to avoid as much press coverage as possible. NAME NAME has agreed to be our spokesperson but anyone is welcome to join her for the press coverage.

        12) The following items must be communicated by email: Someone joining or leaving the pool, new rotation buy-in deadlines, and the amount of small wins with the new date for the end of the rotation.

        13) It is each pool member's responsibility to check their email for the numbers and to update YOUR NAME on any changes to email addresses.

        14) If we do not win on this rotation and a new one is opened, for any member wishing to remain in the pool, it is THEIR responsibility to make sure they buy into the next rotation by paying their money before the deadline of November 24, 2009 (this deadline may be extended if there are small wins or if a day to buy tickets is missed). If the member does not take verifiable steps to make sure they buy into the next rotation, they will have no claims on any winnings from that new rotation (i.e., they cannot sue for a portion of a winning ticket).

        15) All of these rules are in place because of past lottery pool lawsuits, especially 1, 8, 9, and 14.END

        Holy Mazola....

        I didn't have to abide by half as many rules above, when joining the Navy. Are you sure you didn't leave anything out?....lol

        16) All these rules apply, except on Wednesdays between 3:00 PM and 9 PM. Unless it's cloudy outside, then it doesn't apply. However, If it's a full moon, then there's an exception to the second rule...

         

                                                              What?

         

          LottoPools's avatar - bee
          Houston, TX
          United States
          Member #4496
          April 29, 2004
          71 Posts
          Offline
          Posted: February 16, 2010, 5:07 pm - IP Logged

          Holy Mazola....

          I didn't have to abide by half as many rules above, when joining the Navy. Are you sure you didn't leave anything out?....lol

          16) All these rules apply, except on Wednesdays between 3:00 PM and 9 PM. Unless it's cloudy outside, then it doesn't apply. However, If it's a full moon, then there's an exception to the second rule...

           

                                                                What?

           

          I know it's alot but just think, before I found LP and started reading about lawsuits involving pools, I didn't have any rules at all Eek.  People can act funny when it comes to money and I'm not trying to laugh like that. 

           

          May have  to add your #16 tho.

          ________________________

          Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.

            Avatar
            CA
            United States
            Member #84266
            December 26, 2009
            410 Posts
            Offline
            Posted: February 16, 2010, 9:01 pm - IP Logged

            Too complicated IMO. Lol. Just play by yourself and there won't be any problems.


              Canada
              Member #68663
              December 27, 2008
              260 Posts
              Offline
              Posted: February 18, 2010, 12:59 am - IP Logged

              Too complicated IMO. Lol. Just play by yourself and there won't be any problems.

              Too complicated???

              Pay $10 and get 10 chances to be a millionaire.

              Join a group and pay $10 and now you have 500 chances to be a millionaire.

              Yea, that is too complicated and the extra 490 chances is not worth it.

              The time spend joining a group and reading the rules is far less than reading endless posts and far more profitable.