Mega Millions Office Pool Advice

Reply #15

Tx_Mega_Player — Mon, 05 Jul 2004 08:43:17 GMT

Quote: Originally posted by Jake649 on July 02, 2004Has anyone here joined a lottery pool where each person puts in a different amount? I have joined such pools in the past and there were no problems.In my office we have a hard time just ordering Chinese food, so I'd hate to think about what it would be like trying to divide lottery winnings. Hey, I'm still mad that I didn't get an egg roll the last time we ordered - and that was 6 months ago....

Reply #14

JAG331 — Fri, 02 Jul 2004 21:08:50 GMT

Agreed, I only play NYLotto when the pot is higher than Mega Millions AND Powerball

Reply #13

CASH Only — Fri, 02 Jul 2004 20:07:28 GMT

Jag:NY Lotto 6/59 is a joke.

Reply #12

RJOh — Fri, 02 Jul 2004 18:10:23 GMT

I was in several pools that was that way but I didn't know about it until after the drawing because the person made up or changed the rules to collect more money. I never entered their pools again. We never had any arguments because we never won over a few dollars. Those type of pools work fine until they win something because 1% of nothing is worth the same as 5% of nothing. People act strange when it comes to dividing up a large sum of money. I remember reading about a bunch of steel worke... [ More ]

Reply #11

Jake649 — Fri, 02 Jul 2004 15:04:34 GMT

Has anyone here joined a lottery pool where each person puts in a different amount? I have joined such pools in the past and there were no problems. I am in one now for the Mega Millions draw. I was wondering if someone has personal experience where this type of pool had problems. Did people disagree after the draw? Did they not like that some can win more than others? Was there a limit on how much each person can contribute?I like these types of pools because people get to choose how much they

Reply #10

PeterAdvanced — Fri, 02 Jul 2004 14:34:46 GMT

I gave this lotto thing quite some time ago and look at you all your still at it....

Reply #9

JAG331 — Fri, 02 Jul 2004 14:30:53 GMT

Than

Reply #8

RJOh — Thu, 01 Jul 2004 23:29:22 GMT

Quote: Originally posted by JAG331 on July 01, 2004Now, since this is my system, would it be legal to charge a premium? Such as, I get 50% of all winnings, and the other 50% is split among the 3 or 4 contributors? That is some kind of a office pool you're trying to get together at the last minute. I would have thought if you planned to charge a premium to the members, you would have come up with a contract and system long before the jackpot got so big. I once participated in a $400 pool in wh... [ More ]

Reply #7

Phyllis — Thu, 01 Jul 2004 14:29:51 GMT

Hi color=#0000ffJAG331,Here is an example of the contract we drew up for our office pool maybe it can be of help to you.-----------------------------------------------------------------------I__________________, agree to join the _______________Group and commit to paying in advance each week or each month to maintain my membership for each Wednesday and Saturday drawing. I understand that if I do not submit payment before each drawing, I will automatically be excluded from the drawing and or

Reply #6

JAG331 — Thu, 01 Jul 2004 14:28:19 GMT

Thanks for your input everyone! Yes, Cash, for sure it will be specified that all tickets are cash value! How is life up in Mahopac? Tx, you bring up a great point...I think it would be smarter to keep contributions equal. Now, since this is my system, would it be legal to charge a premium? Such as, I get 50% of all winnings, and the other 50% is split among the 3 or 4 contributors? Would I have to contribute any money at all? This is assuming I can get a good enough system that people wi... [ More ]

Reply #5

Megaman — Thu, 01 Jul 2004 14:20:27 GMT

I have been running a pool of 29 people for over two years for the Mega Millions. I collect $20 every 10 draws. That works out to two dollars per person for ten draws. When I purchase the tickets I copy them and spend out a digital copy via email to everyone before the the first draw. I have a cap of 29. I ruled that it will not exceed 30. Of course drop out anytime but I do not any one back in. The reason is because it becomes complicated. Email me and I'll explain. Since it is my pool I se... [ More ]

Reply #4

Tx_Mega_Player — Thu, 01 Jul 2004 03:06:59 GMT

I think that taking uneven contributions is just asking for trouble. Money can sometimes bring out the wrost in people, and with so much money at stake people can do some unbelievable things. So even if you have something in writing, and even if everything is agreed to in advance, and even if you have an air tight case, you may still have to go to court to prove it. And in court, only the attorneys will win. I can see a situation where you have 10 people in the pool, and because of uneven contri... [ More ]

Reply #3

CASH Only — Wed, 30 Jun 2004 19:42:14 GMT

Jag:Make sure all the tickets are for CASH VALUE.

Reply #2

Greg — Wed, 30 Jun 2004 17:38:05 GMT

Check out and look for their lotto pool headline...it might help...Greg

Reply #1

Todd — Wed, 30 Jun 2004 16:47:16 GMT

If I remember correctly, the California site may have a form you can use. However, just having anything is better than nothing.

Mega Millions Office Pool Advice

JAG331 — Wed, 30 Jun 2004 15:03:40 GMT

Hi all, I am trying to set up a small office pool to get financing so I can play more tickets using my own system. Contributions would not necessarily be equal, so I would need a legal document specifying rules and payout percentages, right? Does anyone have a fill-in-the-blanks document or know where I can find one? Thanks for your help.