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System 20 Lotto Club - Comps & Clubs - Racehorse TALK

Author Topic: System 20 Lotto Club  (Read 8323 times)

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Offline Paulow

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O.P. « 2012-Feb-21, 09:19 PM »
Just thought of a crazy idea.
20 people invest in a System 20 lotto entry and try and win lotto!
Each person picks a number. Its so random- like lotto- it'll work!
Approx. $1,200 each person ;)

Offline Bubbasmith

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« 2012-Feb-21, 10:04 PM Reply #1 »
As I once explained to another person who suggested forming a syndicate to win Lotto the chances of winning are equivalent to

A . An individual go to ten successive AFL Grand Finals
B. Every person at each of the Grand Finals hold up each of their hands spreading out their ten figures
C. At one of those grand Finals one of Bill Lawry's  pigeon flies over and makes a single dropping on one of those fingers
So we have 10 GFs, 100,000 people at each and ten figures of each of those people and one pigeon dropping...no thanks. Even the BIG 6 is better odds than that .
« Last Edit: 2012-Feb-21, 10:07 PM by Bubbasmith »

Offline Paulow

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« 2012-Feb-21, 10:10 PM Reply #2 »
I dunno…i reckon it would be an exciting bet :bdn:

Offline sobig

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« 2012-Feb-21, 11:14 PM Reply #3 »
To put it into punting terms.

It is putting $1200 on a 210 to 1 chance which is paying $35

Offline Paulow

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« 2012-Feb-21, 11:57 PM Reply #4 »
Nup, would win a 20 million draw and each get 1 million.

Offline whispering

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« 2012-Feb-22, 01:11 AM Reply #5 »
its unders.

Offline Walter Watermelon

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« 2012-Feb-22, 06:25 AM Reply #6 »
Nup, would win a 20 million draw and each get 1 million.
and if 12 people win it, it comes down to a tad over $80k each.

Better off having a crack at the $2 lottery. It's about $8 mill at the moment. If you jag it, at least you can go to sleep that night knowing you had the lot :)

Offline Jims Punting

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« 2012-Mar-09, 07:30 PM Reply #7 »
Just thought of a crazy idea.
20 people invest in a System 20 lotto entry and try and win lotto!
Each person picks a number. Its so random- like lotto- it'll work!
Approx. $1,200 each person ;)
Hmmm ... not so crazy, Paulow ... just too expensive for most people here, though I can only speak for myself.

Here is a run-down of the costs for systems entries, from TattsLotto Qld:

System 20: ..... $24,327.25
System 19: ..... $17,040.00
System 18: ..... $11,650.90
System 17: ..... $   7767.25 .......... Probably better off getting a syndicate together
System 16: ..... $   5029.10 .......... to take a few First Fours - you have a much better
System 15: ..... $   3141.80 .......... chance to at least take out a few $$$.
System 14: ..... $   1881.80
System 13: ..... $   1077.80
System 12: ..... $     580.35
System 11: ..... $     290.20
System 10: ..... $     132.00
System   9: ..... $       52.80
System   8: ..... $       17.65
System   7: ..... $         9.30

There are all sorts of possibilities one can deduce from such a table, but one can NOT deduce that any system bet has more opportunity of taking out first prize than any other.

Why?

Because it only takes ONE number to miss, and you are up that famous creek without a cake of soap and a towel!

Now the laws of chance state (somewhere) that the probability of nailing the first division will increase according to the number of combinations played. They do not state anywhere that you WILL take out the #1 division.

So the best we can hope for is to have a bit of fun.

I did note that by dropping a couple of numbers off - from 20 to 18 - the cost of the ticket decreased from $24,327.25, to $11,650.90. Of course, the possible combinations that you also drop, are the reason - as DD often says: "Ya only get what ya pay for."

Apologies if DD didn't say that, but if he didn't, then he SHOULD have!

Anyway ... Murphy's Law will always conspire to defeat those who have the most hope, and the least maths!

Here's a bit of a sad Lotto story: Few years back - 2001 I think - there was a Powerball jackpot of $30mil.

I organised a syndicate in my workplace, and raised $235 in $5 entries. I purchased shop syndicate entries wherever I could find them, as well as our own system entries (we stated this would be the case in the initial rules) and finished up cashing the rest of the kitty on a few single entries of 6 or 12 games, from memory.

The night of the big draw, and we were primed with about 430 games (again, from memory - entries were about 55 cents then compared to around 66 cents today).

The next day we checked through, and won the amazing total of $35, which went on subsequent Saturday night games until it was totally burned.

Some couple in Perth picked up the $30mil on their own, with a 6-game ticket - around $3.30. The winner saw an advert for lotto while waiting at the traffic lights on his way home from work, and decided to grab an entry. He only just got to the newsagent, as folklore would have it, in time to get the entry before closing.

Moral of the story - never purchase lotto, unless you are waiting in traffic, and spot an advert for the draw!

Apparently it works!



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« Last Edit: 2012-Mar-09, 07:35 PM by Janice »

Offline Paulow

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« 2012-Mar-09, 09:30 PM Reply #8 »
If you get 2nd division in a big draw, the bet will be just about covered, is a point to consider
There is so many approaches.
I like the simple randomness of 1 number per syndicate member.
I just look at it as another bet, not a lottery. It would be an exciting bet for mine.
Put it this way, a lot of punters will punt away $1,200 in small bets for no return. Same thing here.

Offline Jims Punting

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« 2012-Mar-09, 11:42 PM Reply #9 »
Paulow -

Why don't we run a hypothetical "System 20" just to see what would have happened?

We can either make it a quick-pick / auto-pick or members can post their numbers here before Saturday night's draw.

If members, as you proposed choose to be a part of the hypothetical exercise, they can simply post their choice of number below. The ticket becomes "full" once the first 20 members post up their choice of numbers.

One number each. Naturally look first to ensure no double-ups.
If we don't get 20 numbers by closing time, you can choose to fill in the missing spots yourself just for the exercise.

Then we can all blame you if it goes toes-up!

This should show how hard/easy it is to win a million bux!

Offline Paulow

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« 2012-Mar-10, 12:24 AM Reply #10 »
Yeah we'll go that way Janice. Anyone that sees this thread and wants to put a number down, go for it 8-)

14


Offline Paulow

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« 2012-Mar-10, 12:27 AM Reply #11 »
Alternatively, anyone that sees this and has a "approach" have a go as well.
ie Janice ou had idea for quickpick, you can have a crack of that as well.
I will have a go next week, tired and busy Saturday

Offline PoisonPen7

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« 2012-Mar-10, 01:02 AM Reply #12 »
20 random tickets of a system 20 - when is the draw   :biggrin:

$ ./rand-lotto.pl
Game Number 1: 1 3 7 9 10 12 14 19 20 21 22 23 27 28 29 31 36 39 42 44
Game Number 2: 2 3 5 6 9 11 20 21 22 23 25 28 29 32 34 37 39 40 44 45
Game Number 3: 1 3 4 6 7 9 11 15 21 24 26 27 30 33 34 35 37 40 41 42
Game Number 4: 2 5 10 13 14 16 19 22 24 25 26 27 30 32 33 35 38 39 41 42
Game Number 5: 1 3 5 6 7 8 12 16 18 21 23 24 27 29 32 34 35 36 41 45
Game Number 6: 2 4 7 9 13 18 19 20 22 24 25 27 29 30 33 34 38 39 43 45
Game Number 7: 1 3 5 9 10 12 13 16 20 21 23 25 26 31 34 36 37 38 40 44
Game Number 8: 1 4 7 9 10 12 13 15 16 19 21 25 26 27 32 33 34 38 43 44
Game Number 9: 1 5 8 11 16 17 21 22 27 28 33 34 35 36 38 40 41 43 44 45
Game Number 10: 1 3 7 9 15 16 18 20 21 23 24 26 27 29 34 36 39 40 41 42
Game Number 11: 4 5 13 14 15 16 17 18 21 22 24 26 27 28 29 33 35 36 39 41
Game Number 12: 5 8 9 13 16 19 20 23 24 25 26 28 30 33 34 35 36 37 38 45
Game Number 13: 2 4 5 6 7 8 9 12 14 18 19 22 24 27 29 35 36 38 44 45
Game Number 14: 5 7 8 9 10 14 16 17 20 21 22 24 27 29 31 38 39 40 44 45
Game Number 15: 1 2 3 6 10 13 20 21 23 25 27 31 33 35 38 39 40 41 42 43
Game Number 16: 1 2 5 6 10 12 13 15 16 18 23 25 28 34 35 37 38 42 43 45
Game Number 17: 1 5 8 12 14 19 20 23 25 26 27 29 33 35 37 38 40 41 44 45
Game Number 18: 1 5 6 7 9 10 11 13 18 21 23 24 28 29 33 34 36 40 41 43
Game Number 19: 1 4 6 8 10 12 13 14 15 19 21 24 25 26 28 29 32 37 38 40
Game Number 20: 1 4 5 6 13 16 18 19 20 24 26 28 30 31 33 34 39 41 42 45



Offline PoisonPen7

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« 2012-Mar-10, 01:28 AM Reply #13 »
Last Wednesday numbers were 4 10 30 38 41 43 and supps were 23 36

Using those 20 tickets (cost = $486,545  :) ) you would have got

1 game with 4 + 1 supp
3 games with 4 numbers
1 game with 3 numbers plus 2 supps
2 games with 3 numbers plus 1 supp

Going back through the historic results you get 3 times 5+supp divs on 15th Feb Wednesday draw - div was $5,690. Also 5 + supp week before.

Cannot find a winner back to then though.

I'm going back to continue my form guide study......

Offline Jims Punting

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« 2012-Mar-10, 01:50 AM Reply #14 »
20 random tickets of a system 20 - when is the draw   :biggrin:

$ ./rand-lotto.pl
Game Number 1: 1 3 7 9 10 12 14 19 20 21 22 23 27 28 29 31 36 39 42 44
Game Number 2: 2 3 5 6 9 11 20 21 22 23 25 28 29 32 34 37 39 40 44 45
Game Number 3: 1 3 4 6 7 9 11 15 21 24 26 27 30 33 34 35 37 40 41 42
Game Number 4: 2 5 10 13 14 16 19 22 24 25 26 27 30 32 33 35 38 39 41 42
Game Number 5: 1 3 5 6 7 8 12 16 18 21 23 24 27 29 32 34 35 36 41 45
Game Number 6: 2 4 7 9 13 18 19 20 22 24 25 27 29 30 33 34 38 39 43 45
Game Number 7: 1 3 5 9 10 12 13 16 20 21 23 25 26 31 34 36 37 38 40 44
Game Number 8: 1 4 7 9 10 12 13 15 16 19 21 25 26 27 32 33 34 38 43 44
Game Number 9: 1 5 8 11 16 17 21 22 27 28 33 34 35 36 38 40 41 43 44 45
Game Number 10: 1 3 7 9 15 16 18 20 21 23 24 26 27 29 34 36 39 40 41 42
Game Number 11: 4 5 13 14 15 16 17 18 21 22 24 26 27 28 29 33 35 36 39 41
Game Number 12: 5 8 9 13 16 19 20 23 24 25 26 28 30 33 34 35 36 37 38 45
Game Number 13: 2 4 5 6 7 8 9 12 14 18 19 22 24 27 29 35 36 38 44 45
Game Number 14: 5 7 8 9 10 14 16 17 20 21 22 24 27 29 31 38 39 40 44 45
Game Number 15: 1 2 3 6 10 13 20 21 23 25 27 31 33 35 38 39 40 41 42 43
Game Number 16: 1 2 5 6 10 12 13 15 16 18 23 25 28 34 35 37 38 42 43 45
Game Number 17: 1 5 8 12 14 19 20 23 25 26 27 29 33 35 37 38 40 41 44 45
Game Number 18: 1 5 6 7 9 10 11 13 18 21 23 24 28 29 33 34 36 40 41 43
Game Number 19: 1 4 6 8 10 12 13 14 15 19 21 24 25 26 28 29 32 37 38 40
Game Number 20: 1 4 5 6 13 16 18 19 20 24 26 28 30 31 33 34 39 41 42 45
Now come on PP7 - you just spent $48,654.50 of money our syndicate has yet to win!

At 4.25% interest (assuming we find a bank that thinks we are good for the money) that's 5.66 interest every day until we come good. Principle + Interest repayments over 12 months between 20 members @ fixed interest, would come to $211.34/month each.

Should we snare first div on our own, we would also snare several 2nd - 3rd - 4th - 5th - 6th div prizes as well. It's too much for my poor head at this time of the morning to bother with the minor prize possibilities, but it's not all going to be cream and strawberries if we win.

I heard of a workmate winning lotto once, and I wondered why she was was still working, years later. She said that around 196 others also won that draw, at a time when first div was around $1.5mil. It wasn't enough to take the family for a holiday!

Now ... with your 20 x 20 entries ... are those 10-week entries, or straight-up one week?

I need to know what I am committed to here.



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Offline Jims Punting

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« 2012-Mar-10, 01:54 AM Reply #15 »
Anyway - in case anyone else wants to play, my number is 44.

Paulow .......14
Janice .........44

Offline JWesleyHarding

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« 2012-Mar-10, 07:07 AM Reply #16 »
Does anyone know if 37's international ratings are better than its local rating.

Maybe Authorized is the one to ask.

Offline Jims Punting

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« 2012-Mar-10, 12:07 PM Reply #17 »
Now come on PP7 - you just spent $48,654.50 of money our syndicate has yet to win!

At 4.25% interest (assuming we find a bank that thinks we are good for the money) that's $5.66 interest every day until we come good. Principle + Interest repayments over 12 months between 20 members @ fixed interest, would come to $211.34/month each.

Should we snare first div on our own, we would also snare several 2nd - 3rd - 4th - 5th - 6th div prizes as well. It's too much for my poor head at this time of the morning to bother with the minor prize possibilities, but it's not all going to be cream and strawberries if we win.

I heard of a workmate winning lotto once, and I wondered why she was was still working, years later. She said that around 196 others also won that draw, at a time when first div was around $1.5mil. It wasn't enough to take the family for a holiday!

Now ... with your 20 x 20 entries ... are those 10-week entries, or straight-up one week?

I need to know what I am committed to here.
Major error, as pointed out by my bank's loans officer:

20 x $24,327.25 is $486,545.00 (not $48,645.50) and the daily interest payment would be $56.65.
Over 12 months, the P&I repayments come to $42,268.60 per month.

That would be$2,113.43 EACH per month (about $70/day each).
All this for one night of fun, PP7.

Your numbers better be good! We're counting on it.

I guess this rules out the 10-week entry.

I think I'd be a bit happier on the punt.

Of course, we are making the assumption that all syndicate members are good for the monthly repayments - the banks shouldn't be a problem for the loan!
They (banks) are throwing trillions around in Europe and the USA, and Australia is rated a lot better financially than they.

Oh ... there is a 1% application fee for the $486,545.00 ... $4,865.45, and after the loan establishment fee ... $1200 ... and the 0.5% fee for amounts over $200,000 ... and they mentioned something about a deposit, and a guarantor. They also wanted to see a business plan, and a track record going back three years for this plan we have.

I told them I would get back to them, and here I am with a stack of paperwork to fill in - 27 pages.

They want to see the registration papers for our syndicate, and won't accept my Winners Circle card.
The loans officer mentioned something about taking the application to her supervisor, and wanted an assurance that the loan was not to be used for gambling purposes.

She had never heard of Lotto, and asked whether it is an exciting business to be in.

I told her it is, and that is is almost as exciting as the equine fitness engagement industry ... a sister industry to Lotto.
I told her you can make the same amount of money in either industry - you just have to persevere over enough time.

She didn't have any knowledge of either business activity, and said she'd take my word for it.
Nice sort of girl.

We'll get a reply Tuesday I believe ... I can't wait!



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Offline Kingy

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« 2021-Jul-24, 01:00 PM Reply #18 »
No more to show.
« Last Edit: 2021-Jul-27, 02:59 AM by Kingy »

Offline fours

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« 2021-Jul-24, 01:16 PM Reply #19 »
ahem,

We can do maths here.....

Fours

Offline Gintara

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« 2021-Jul-24, 01:23 PM Reply #20 »
I have the ability to moderate this as spam but kind of like the fact this bloke thinks there is enough suckers for such a scam.

  :lol:

Offline Maximus

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« 2021-Jul-24, 08:02 PM Reply #21 »
I have the ability to moderate this as spam but kind of like the fact this bloke thinks there is enough suckers for such a scam.

   :lol:

Actual algorithms!   :lol:

Offline Kingy

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« 2021-Jul-25, 01:45 PM Reply #22 »
Just thought of a crazy idea.
20 people invest in a System 20 lotto entry and try and win lotto!
Each person picks a number. Its so random- like lotto- it'll work!
Approx. $1,200 each person ;)

Offline Gintara

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« 2021-Jul-26, 03:44 PM Reply #23 »
Actual algorithms!   :lol:

An algorithm for a random draw - nice.   :lol:

Offline Kingy

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« 2021-Jul-27, 03:01 AM Reply #24 »
No more to show.

« Last Edit: 2021-Jul-27, 03:15 AM by Kingy »


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