My initial response would be a resounding "NO." If the pool were properly organized, however, I might reconsider.
I've been a member of these pools before, but they were very informal. Consequently, the rules changed from week to week, and no one got paid. One of them did very well. We used a system which covered every number in the field ten times for $80.00. We hit four numbers almost every draw, and hit five numbers twice in two months. Rather than split any money we won though, the man who organized it decided to "reinvest" our winnings in scratch-off tickets to try to win a seat on the TV show. Oddly, I was the only one in the pool who was upset over this, and I dropped out. They never did get on the show, and dventually the pool broke up.
Another one bought a hundred quick-picks for each draw. There were ten of us in that one, and the guy who started it would collect the money and buy the tickets. The problem here was that no one else in the pool knew what the numbers were. I wasted twenty bucks on that one, and dropped out after he refused to provide me with copies of the tickets.
If this is going to work, we'll need a system of checks and balances to ensure that one person in the pool has no more advantage than another. If the pool buys quick-picks, everyone involved would need photocopies of all the tickets before the drawing takes place. Another viable method would be to scan the tickets and post them to our own thread here, with Todd's permission, of course and, again, they'd have to be posted before the drawing.
Then there's the matter of securing the tickets. Would we put them in a dual-key safety deposit box, with two people each holding one key, or just carry them around in our shirt pockets?
What about shares? If a member of the pool drops out, can another member buy his share, or would we recruit another member?
To maximize your winnings, we'd have to limit the number of members. What would be the maximum number of members?
I've read about members of winning pools suing when they "forgot" to pay for their shares before a drawing, or perhaps they were ill and couldn't get out of bed to pay that week. How would we handle this contingency?
What about legal counsel? Is it necessary at the outset, or only when we win?
These are just a few of the issues we'd have to deal with, and I believe that's why most lottery pools break up after a short time. It sounds like fun at first, but the first time something goes wrong, resentment begins to build. That's really all resentment does, unfortunately; it never subsides.
Each member must have an equal voice, but the majority rules. The equivalent of military structure would be essential, I think, if this is to be successful. Hard and fast rules with absolutely no grey areas; everything is spelled out in black-and-white.
If we could accomplish that, I'd commit to it, depending on the chosen game.
Good luck...
Jim