RE: Lottery pool

[Ian Skinner]

It should actually be pretty easy to run this kind of like a mutual fund....  You have 12 people who put in $60.00 creating 60 shares..  Sixty lottery tickets are bought, and $30.00 is won.  Each share/ticket is valued at $0.50.  So a person who sent $5.00 has $2.50 and a person who sent $20 has $10.  Then they could role this over into a new round or not.


There would need to be several details worked out, but we are an intelligent group and should be able to come up with fairly simple and equitable set of rules.

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Ian Skinner
Web Programmer
BloodSource
www.BloodSource.org
Sacramento, CA

-----Original Message-----
From: Ben Braver [mailto:[EMAIL PROTECTED]
Sent: Thursday, January 29, 2004 9:43 AM
To: CF-Community
Subject: Re:Lottery pool

Or we take turns - one person buys tickets for the group each time. We have a written agreement to share any winnings.
-Ben

> I kind of like the idea. Each list member who wants in puts in X
> dollars. The more you put in, the more your end percentage of the pot
> if we win. The money is all sent over to Doug and he buys tickets. We
> win, we all win.
> The more tickets, the more chances. If we have enough people then I'm
> willing to jump in. I'm supposed to be starting a new job on Monday. A
> few less donuts a week for a chance at millions works for me.
:)
  _____

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