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I want this new type of lotto I thought of.

  • 13-02-2019 03:19PM
    #1
    Posts: 17,378 ✭✭✭✭ [Deleted User]


    cZqM7uj.jpg

    I know the Martingale system or whatever and I know the chances are just as low as they actually are. There is zero need to go explaining this. I am 100% aware of the maths involved.

    But, my Lotto fix would be sorted if I could deposit €3.65 every year and have one of these little bad boys start their journey every day. I could check in and see how they're doing. Just seems more fun and obviously cheaper than doing the actual lotto. €200 would do me for the rest of my life.


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Comments

  • Posts: 0 CMod ✭✭✭✭ Mariana Jolly Roughneck


    how is a chart of money doubling every day a lotto?


  • Registered Users, Registered Users 2 Posts: 8,809 ✭✭✭Hector Savage


    What;s going on ?


  • Registered Users, Registered Users 2 Posts: 7,499 ✭✭✭Sabre0001


    I would also like free money

    🤪



  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    bluewolf wrote: »
    how is a chart of money doubling every day a lotto?

    True. Hmm, what would I call this then? Automated stupidity?


  • Registered Users, Registered Users 2 Posts: 8,809 ✭✭✭Hector Savage


    cZqM7uj.jpg

    I know the Martingale system or whatever and I know the chances are just as low as they actually are. There is zero need to go explaining this. I am 100% aware of the maths involved.

    But, my Lotto fix would be sorted if I could deposit €3.65 every year and have one of these little bad boys start their journey every day. I could check in and see how they're doing. Just seems more fun and obviously cheaper than doing the actual lotto. €200 would do me for the rest of my life.

    OP I tried this allready, things were going great till about day 14 ...


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  • Posts: 0 CMod ✭✭✭✭ Mariana Jolly Roughneck


    True. Hmm, what would I call this then? Automated stupidity?

    What's automated about it? it's pictures of numbers?
    is there supposed to be a system or something behind this?


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    OP I tried this allready, things were going great till about day 14 ...

    Yes, but one starts every day. So you can check in and egg them on.


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    bluewolf wrote: »
    What's automated about it? it's pictures of numbers?
    is there supposed to be a system or something behind this?

    There's more than just a picture. You lodge e3.65 a year and every day, one cent starts the journey. A new flip each day for each surviving coin.


  • Registered Users, Registered Users 2 Posts: 1,122 ✭✭✭killanena


    Where is the pot coming from though if everyone is just putting in a cent per day?


  • Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    True. Hmm, what would I call this then? Automated stupidity?

    It's an accumulator... but you need something which results in the doubling.

    Like a horse at Evens. Keep backing horses at Even money, starting with your stake of €0.01 and then when you get 30 in a row, you'll have your €5.4m.

    I bet you'll cash out long before that though.


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  • Registered Users, Registered Users 2 Posts: 8,809 ✭✭✭Hector Savage


    Now I'm really confused , is this some dodgy pyramid scheme ?


  • Posts: 0 CMod ✭✭✭✭ Mariana Jolly Roughneck


    There's more than just a picture. You lodge e3.65 a year and every day, one cent starts the journey. A new flip each day for each surviving coin.

    Ok and who is promising this? where are you lodging 3.65?
    by a new flip do you mean they are promising a 50/50 chance of double or nothing?
    or is this all part of your system you're thinking up?


  • Registered Users, Registered Users 2 Posts: 20,653 ✭✭✭✭amdublin


    SOMEONE PLEASE EXPLAIN HOW THIS MAKES MONEY!!


  • Registered Users, Registered Users 2 Posts: 25,834 ✭✭✭✭Timberrrrrrrr


    Now I'm really confused , is this some dodgy pyramid scheme ?

    Schemes are usually well thought through, this is a picture and a dream.


  • Registered Users, Registered Users 2 Posts: 5,522 ✭✭✭Wheety


    I'd say you'd bottle putting €327 onto a horse. Nevermind when it gets higher.

    Also, if you can find something that gives you true 50/50 odds let me know because any bookies will give you less than that even on a coin flip.


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    bluewolf wrote: »
    Ok and who is promising this? where are you lodging 3.65?
    by a new flip do you mean they are promising a 50/50 chance of double or nothing?

    "I want this new type of lotto."

    Any bookie could do it if they kept a percentage of the person who eventually wins. But anyways, it's just a thought.


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    It's an accumulator... but you need something which results in the doubling.

    Like a horse at Evens. Keep backing horses at Even money, starting with your stake of €0.01 and then when you get 30 in a row, you'll have your €5.4m.

    I bet you'll cash out long before that though.

    My idea is that you can't cash out. You just have one cent going at the big prize every day for the rest of your life.


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    amdublin wrote: »
    SOMEONE PLEASE EXPLAIN HOW THIS MAKES MONEY!!

    It doesn't. It scratches a lotto itch in an interesting way for very cheap.


  • Registered Users, Registered Users 2 Posts: 6,161 ✭✭✭frag420


    I bet this is a scam...any takers, 2-1??


  • Registered Users, Registered Users 2 Posts: 7,720 ✭✭✭facehugger99


    Yes, but one starts every day. So you can check in and egg them on.

    I too would like free eggs.


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  • Closed Accounts Posts: 12,898 ✭✭✭✭Ken.


    Mod-How to make money. ABG, deposit the sum of money for day 20 in to my bank account and I'll reopen this thread.


  • Moderators, Society & Culture Moderators Posts: 12,554 Mod ✭✭✭✭Amirani


    Actually sounds like a somewhat interesting and disciplined approach to gambling if you restrict yourself to 1 cent a day.

    The expected value of the game is still going to be negative, but probably more fun than most other lotteries.


  • Registered Users, Registered Users 2 Posts: 10,423 ✭✭✭✭Outlaw Pete


    My idea is that you can't cash out. You just have one cent going at the big prize every day for the rest of your life.

    Fair enough, but I don't get what's causing the doubling of the stake.

    Are you saying that everyone just pays €3.65 a year and each day only one person's penny doubles and the rest go to zero?

    You need to explain this further before I invest, Sir.


  • Registered Users, Registered Users 2 Posts: 21,975 ✭✭✭✭PARlance


    OP I tried this allready, things were going great till about day 14 ...

    You had to buy a Valentine's present with your winnings?


  • Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    Can't see anything wrong with this, fly to Vegas...

    all on black,
    all on red,
    all on black,
    all on...


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    bluewolf wrote: »
    you haven't explained what 'it' is other than something about flipping.
    and a picture of money

    Every day, the customers have a coin either face up or face down in the system. The bookie flips a coin, and all coins he beats gets removed. The remaining coins move onto the next day. Meanwhile, everyone has a new coin starting this journey every day.

    If the bookie fails to beat you repeatedly, and you get to the end, you win 5.4m.


  • Posts: 0 [Deleted User]


    Now I'm really confused , is this some dodgy pyramid scheme ?

    We should get in on it now while it’s all new. Guaranteed top spots!


  • Posts: 17,378 ✭✭✭✭ [Deleted User]


    Fair enough, but I don't get what's causing the doubling of the stake.

    Are you saying that everyone just pays €3.65 a year and each day only one person's penny doubles and the rest go to zero?

    You need to explain this further before I invest, Sir.

    Check my reply to bluewolf. Just imagine a bookie doing this online.


  • Closed Accounts Posts: 9,586 ✭✭✭4068ac1elhodqr


    I feel complied to offering 25% back to the OP, just out of decency from my 1st million.

    Spend it wisely lad!
    This time next month we'll be rich, rich I tell ye!


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  • Registered Users, Registered Users 2 Posts: 29,547 ✭✭✭✭looksee


    Ok, let me see if I have this.

    Day 1 put 1c somewhere. - on a table? pay it to a bookie?
    Day 2 it doubles. How? Where does the second 1c come from?

    Help me get this far and I might be able to work out the rest.

    Edit: Ah, answers while I was trying to figure it. Sounds like a helluva lot of admin. What happens if there are many more of the winning coin side than of the losing, how can everyone be paid out? I am not very good with figures, but doesn't this mess up the 50% thing? And do only the new coins get to choose a side? Does each new coin go into a new game? No, don't answer, I can't cope.


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