Well isn't that interesting...! So I was not far off in my last post. Hmmm.... I suppose it's almost common place now, or soon will be. (There goes lotto as we knew it. No wonder the lotto corps are resorting to price and odds increases... and goodness knows what else. )
Do you really think going wide open with a web based syndicate is a good idea? It spreads the risk around but you might run into other problems... If we have a lotto "industry" which is dominated by syndicates of players on one hand and the lotto corps on the other, well if it's just a matter of "odds", then it will become infrequently that one or handfuls of individuals are going home with a sweet dream of a huge jackpot very often. It just becomes just another strange, marginal and risky investment process in which a bunch of rich people have the money to maybe get a bit richer. Where's the excitement in this? I don't think the lotto corps will stand for much of this-they will fight back. They probably are, and have been.
Also, you seem to be suggesting that even after increase in price factor, statistically the win factor has decreased. It's been about 16 months or so that we've been living with the increase. Am I understanding you correctly? Is this statistically anomalous, or is it because odds so steep who knows?
Let us know when you are ready to launch...

(Originally posted by millsy)
...Wei (sic) do run a small syndicate presently..we used to play around
$1000 per draw...when the ticket went to $2 we cut back to
about $300 per draw...for some reason doubling the price has
a worse effect on out comes at 1/2 the tickets..we actually had
to cut the number back a little ( to about 150) in order to maintain
a return on investment - we average 1.4357 roi
BUT still have not won big one....all of my strategies still point
to playing less more often,,vs playing more once in a while...
still playing against enormous odds.
i want to build a web based syndicate eventually.
p.s. we print the tickets on computer and drop the stacks
off at two kiosks...they seem to like the business !
good luck tonight to all !
Do you really think going wide open with a web based syndicate is a good idea? It spreads the risk around but you might run into other problems... If we have a lotto "industry" which is dominated by syndicates of players on one hand and the lotto corps on the other, well if it's just a matter of "odds", then it will become infrequently that one or handfuls of individuals are going home with a sweet dream of a huge jackpot very often. It just becomes just another strange, marginal and risky investment process in which a bunch of rich people have the money to maybe get a bit richer. Where's the excitement in this? I don't think the lotto corps will stand for much of this-they will fight back. They probably are, and have been.
Also, you seem to be suggesting that even after increase in price factor, statistically the win factor has decreased. It's been about 16 months or so that we've been living with the increase. Am I understanding you correctly? Is this statistically anomalous, or is it because odds so steep who knows?

Let us know when you are ready to launch...
(Originally posted by millsy)
...Wei (sic) do run a small syndicate presently..we used to play around
$1000 per draw...when the ticket went to $2 we cut back to
about $300 per draw...for some reason doubling the price has
a worse effect on out comes at 1/2 the tickets..we actually had
to cut the number back a little ( to about 150) in order to maintain
a return on investment - we average 1.4357 roi
BUT still have not won big one....all of my strategies still point
to playing less more often,,vs playing more once in a while...
still playing against enormous odds.
i want to build a web based syndicate eventually.
p.s. we print the tickets on computer and drop the stacks
off at two kiosks...they seem to like the business !
good luck tonight to all !