Pictured above is Mik. He's the one on the left. He's not a lottery winner; I mean... Not yet. I think he might very well win the lottery in 2012, though, and I'm gonna give you the opportunity to join him. See, he's part of one of the biggest lottery pools in the world and the group wants three more people to join them.
The lottery pool that Mik is a part of wants to win a big jackpot. And, the group knows that the best way to increase your chances of winning a big jackpot is to buy tickets together. So these folks buy A LOT of tickets. In fact, the lottery terminal that the group buys from often runs out of paper to print the tickets; that kind of gives you an idea of their lotto purchasing power.
So, then, how much does this group spend on lottery tickets and what game do they play? Currently, the pool has 17 members (They want to increase it to 20 members). Each member pools $50 a week (You have to pay for the month's worth of tickets ahead of time) and they solely play California's SuperLotto game. Any wins less than $10,000 get put back into the the next draw and any wins above $10,000 get paid out in a lump sum amongst the members.
California's SuperLotto game is a high jackpot game. Jackpots start at $7 million and have reached as high as $190 million. You might be wondering why they don't choose to play a game like Mega Millions, which usually has higher jackpots. Well, I didn't specifically ask them, but I would assume it's because of the odds. The odds of winning the Mega Millions jackpot are 1-in-175,711,536, whereas the odds of winning SuperLotto are 1-in-41,416,353. This means you're about 4.3 times more likely to win the SuperLotto jackpot than you are the Mega Millions jackpot. It's all about winning and this group wants to win.
Let's do some math now. With 20 players contributing $50 a week, it means that the group would buy at least 1000 tickets a week. I say "at least" because all of the wins of less than $10,000 from the previous week gets put into the current week's pool. Let's say that, on average, 1150 tickets are bought by the group each week. With 1150 tickets, the odds of winning the SuperLotto jackpot on any given week would be 1-in-36,014. Not bad, don't you think?
Are you wondering why I posted Mik's picture above? Well, I just wanted to show you that the pool is run by actual people, not just some company that's taking a cut before purchasing the tickets. With that said, the group has a rock solid agreement in writing that each member signs. Each member also gets a copy of the tickets that are purchased so that they can check the numbers themselves, if they wish to do so.
On a final note, you don't have to live in California to join the group.
Wanna join the pool? Then send me an email: email@example.com. I'll then put you in touch with Mik.
Monday, January 2, 2012
Monday, January 02, 2012 Tino Sundin
Posted by: Tino Sundin
Updated at: Monday, January 02, 2012