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Evening Herald & My Home.ie Competition

24

Comments

  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    okidoki987 wrote:
    What was the amount of the last token?

    do you mean how much was the last token worth? for the whole final week they were worth 50,000 euro.


  • Closed Accounts Posts: 351 ✭✭declanoneill


    Who's willing to put up how much they've gathered. My girlfriend and I are just shy of 40 Million but I've a strong feeling people here will far surpass that.


  • Moderators, Business & Finance Moderators Posts: 3,821 Mod ✭✭✭✭LFCFan


    the last time they did this the winner had some rediculous amount (over a billion) which could only have been done through some sort of syndicate. Maybe that's why they've changed the rules this time to stop syndacates. Like someone said though, how do they prove it???


  • Moderators, Education Moderators Posts: 5,628 Mod ✭✭✭✭spockety


    The problem is that no matter how ridiculous you think the amount you have is, someone else will have an amount even more ridiculous than you. No matter who you are.

    The winner will present an amount which people will find completely absurd. And the winner will not be you, no matter who you are, or how many Herald's you have sourced.


  • Closed Accounts Posts: 2,027 ✭✭✭alleepally


    spockety wrote:
    The problem is that no matter how ridiculous you think the amount you have is, someone else will have an amount even more ridiculous than you. No matter who you are.

    The winner will present an amount which people will find completely absurd. And the winner will not be you, no matter who you are, or how many Herald's you have sourced.

    Would tend to agree with this but it might turn out that the absurd amount could belong to someone here on boards and good luck to them. I was considering entering this comp but I don't have deep enough pockets!

    Personally, I think the person that wins it will in some way be connected with the Herald and/or a newspaper distributor. The link won't be obvious of course, but I reckon it will be there in some shape or form.


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  • Closed Accounts Posts: 1 bd


    ns9bg1 wrote:
    wudnt touch a syndicate....too risky...im buying stocks of heralds every day to try and win this....

    A syndicate is not as risky as buying all those papers by yourself, you are spending so much money on papers and probably have no chance. Think about it!! if there are 5 or 6 people in a syndicate its more than likely you will have less than them put together. At least if your in a syndicate you have a better chance of getting a share. I really think if your going to spend all that money on papers it would be worth checking out the syndicate.


  • Closed Accounts Posts: 121 ✭✭Debyaka


    Who's willing to put up how much they've gathered. My girlfriend and I are just shy of 40 Million but I've a strong feeling people here will far surpass that.

    Well i have just over 90Million at the moment i was confidant i'd be in with a good chance but by the sounds of things the winning bid is gonna be around 150-200Million, i dont have that spending power..


  • Closed Accounts Posts: 14 CaraNiTuathaill


    LOL. How much have you actually spent on papers.

    I heard that theres a major syndicate in Tallaght Hosp where lots of nurses got together to win.


  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    bd wrote:
    A syndicate is not as risky as buying all those papers by yourself, you are spending so much money on papers and probably have no chance. Think about it!! if there are 5 or 6 people in a syndicate its more than likely you will have less than them put together. At least if your in a syndicate you have a better chance of getting a share. I really think if your going to spend all that money on papers it would be worth checking out the syndicate.

    I meant risky in the sense that who decides who gets what portion of the winnings....Do I get the same slice of the cake as the guy who gives 20 million euro worth of tokens if I only contribute 10,000 euro worth of tokens to the syndicate... You know what I mean, thing become very complicated and will just lead to heartache if you join a syndicate and that syndicate wins....


  • Closed Accounts Posts: 14 CaraNiTuathaill


    I dont know - It depends whether or not the syndicate was set up from the start with a target for each member to reach. Or whether they just pooled money each week to buy papers and one person was responsible to purchase papers... anyway if the money wasnt pooled it would be just done on a pro rata basis once everyone involved had counted their tokens. Obviously it wouldnt be fair to be one share per member if you had spent thousands and someone else had only spent hundreds...
    I think the best way to win this comp. would be for 2 or 3 people who had tried to win on their own joined together at the very end to form a syndicate... Because realistically they could beat a syndicate. I reckon if you had between 80 and 120 million tokens you'd probably win...


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  • Closed Accounts Posts: 422 ✭✭PADDYPOKER


    Some interesting points being made but here are some facts to mull over.

    These competitions that the Herald run, are done to SELL lots of copies of the paper and for no other reason.
    They ALWAYS start with small valued tokens and ALWAYS finish with the highest denominations (so people will buy more and more copies of the paper).
    The highest amount will always be the last day because they will sell the most number of papers that day. 100 tokens with a value of 10,000 is worth the same as 20 tokens with a face value of 50,000. So if you had spent 100 Euro buying the 10,000 tokens, somebody else could now get the same total for 20 Euro!
    You have to buy the paper (bar code on other side) so somebody working in the Herald couldn't print them off as they would have to be bought. I think it might also state employees are not allowed enter.
    The winner will not be one person but a consortium. This could range from 5 people to 50 people, the number of people doesn't matter just the AMOUNT! I

    I predict the winning bid will be over 500 million!
    This is equivilant to 10,000 papers at 50,000 token (or 10,000 Euro).
    This would be a lot of ONE person but not for a consortium.
    If you had 20 people at 1,000 Euro a person and only bought the papers on the last day (anybody who has done this before would know the highest amount was always on the last day), then you would accumulate this huge amount.

    I was going to do this competition and had 20,000 Euro in cash from people
    who wanted to participate.
    You might be able to afford to drop 1,000 yourself but not 20,000, that's why you get a consortium together. The apartment/duplex I reckoned after taking into account various costs etc, might be sold for 250,0000
    So 20 people at 1,000=20,000 outlay.
    Winner(?) then sell for 250,000 so each person get 12,500 Euro
    (includes original 1,000).
    Not a bad return.
    The reason I was going for 20,000 was, very very unlikely any other consortium would match that amount so to "guarantee" winning it.
    From the Heralds point of view it's HAPPY DAYS, they will have people/consortiums buying various amounts from say 500 Euro probably
    up to at least 10k's worth.

    For all the people that entered the competition, you will be delighted to hear I (and the rest) didn't enter it.
    The only reason was having done this thing before and won a lot of stuff over the years, I couldn't guarantee myself getting my hands on enough copies of the paper.
    20,000 copies of the Herald would be very hard to buy.
    Most shops etc would sell you 20 copies of the paper without ringing alarm bells. So I would have had people buying papers all over Dublin city
    and there was no point in buying say 10,000 copies as "you wouldn't be guaranteed" winning the competition. 20,000 however should have been enough (famous last words).
    One last word.
    Bring the papers to the recycle places, you won't get charged!


  • Closed Accounts Posts: 121 ✭✭Debyaka


    Hi,
    I know this is probably in vain, but would anybody with a small amount of these tokens be willing to sell them, I am not a syndicate of any type i'm just a young fella who along with my girlfriend spent loads on buying papers and we bought them from the very beginning to the last day..
    If anyone has a few lying around or has a couple of million, i'll gladly buy them from you..
    Dont let a syndicate win this competition! :)


  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    Debyaka wrote:
    Hi,
    I know this is probably in vain, but would anybody with a small amount of these tokens be willing to sell them, I am not a syndicate of any type i'm just a young fella who along with my girlfriend spent loads on buying papers and we bought them from the very beginning to the last day..
    If anyone has a few lying around or has a couple of million, i'll gladly buy them from you..
    Dont let a syndicate win this competition! :)



    How much would you pay for them?


  • Closed Accounts Posts: 121 ✭✭Debyaka


    ns9bg1 wrote:
    How much would you pay for them?

    It depends on how much they are worth, But i guess EUR1 per 50K, or something similar, it would be negotiable of course depending on the amount...


  • Closed Accounts Posts: 14 CaraNiTuathaill


    Is there anyone out there with circa 40 million who wants to join as a syndicate. (More worth your while than selling them at least you have a greater chance of winning)
    I was trying to win this on my own but reailsed I couldnt/
    Trying to keep syndicate members down with high value of tokens so we get greater return (and hopefully all get deposit on house etc....)
    Shares are on a pro rata basis....
    A few members already - only looking for one or two more.....
    Let me know asap.
    Need to draw up legal contracts.....


  • Closed Accounts Posts: 31 Panjo1982


    Hey there,
    The bid is in so is there anyone willing to disclose the bid they put in??
    My bid was a little over 300Million!!
    Yes i spent a crazy amount of money buying them and i bought people out of syndicates to increase my chances.. :)
    But i'm curious has anybody out there got more than me??


  • Moderators, Business & Finance Moderators Posts: 3,821 Mod ✭✭✭✭LFCFan


    Panjo1982 wrote:
    But i'm curious has anybody out there got more than me??

    Yep, just entered my 6 Trillion Euro bid. I spent €1.2M on papers. Do u think I'll win :)


  • Registered Users, Registered Users 2 Posts: 10,643 ✭✭✭✭okidoki987


    What did you do with all the papers? :D


  • Closed Accounts Posts: 1,544 ✭✭✭Enii


    When are the winners announced?


  • Moderators, Business & Finance Moderators Posts: 3,821 Mod ✭✭✭✭LFCFan


    okidoki987 wrote:
    What did you do with all the papers? :D

    Sure if people don't win, they can make Papier Mache houses with all the papers they had to buy :)


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  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    So who won in the end??? Anyone here?


  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    the winner was announced today in the herald with a total of close to 2 billion.


  • Registered Users, Registered Users 2 Posts: 3,315 ✭✭✭Chalk


    CTU_Agent wrote:
    the winner was announced today in the herald with a total of close to 2 billion.
    rofl,

    so how much did you all spend on heralds?
    a few grand? , more?

    hahaahah


  • Registered Users, Registered Users 2 Posts: 705 ✭✭✭CTU_Agent


    nothing actually....I sold my tokens for about 400 euro.... after spending only about 100 euro....


  • Registered Users, Registered Users 2 Posts: 3,315 ✭✭✭Chalk


    sorry,
    was just asking the thread in general,

    one lad was buying 100s of eursos worth every week.
    i knew it was gonna be some ridiculous amount in the end,
    2 billion tokens works out at 40000eu IF you bough them all in the last week.

    thats a lot of heralds.
    would love to see circulation figures for the final week.


  • Closed Accounts Posts: 14 CaraNiTuathaill


    I really cant believe that figure.... Who has 40K just hanging around to spend on Evening Heralds.
    I have now decided that its all a fix.
    You would have dificulty getting to the shops to even find 40K worth of evening heralds.
    I want to know was it a syndicate and how many were in it?
    I still dont believe its a legitimite winner!.............40,0000 Euros, and you'd have to have insider info to know that they were going to print 50,000 tokens in the last week so if they were buying all along its more like 80,000 Euros????????????????
    thats just taking the piss.

    NOT Feeling hard done by at all - no I'm not a sore looser honest (BOO HOO Sniffle, Sniffle)


  • Closed Accounts Posts: 17 Roz


    Hi All,

    For those interested, there is an article about the winner of the Evening Herald competition in today's Sunday Times which I thought you might be interested in. Paddy Kehoe (could this be you PaddyPoker?), the winner of the Evening Herald Bid for a Hollioake Home competition, is a bar owner who was part of the Lottery syndicate who in 1992 bought up most of the numbers in the lottery covering 1.8m of the 1.95m combinations and they won a share (there were 2 other winners) exceeding the amount they spent, and a line at the time cost 50p. Subsequently the lottery numbers were increased from 36 to 42.

    Paddy and friends apparently bought up approximately 50,000 newspapers in the last few days of the Evening Herald competition particularly on the Friday when there was no horse racing and hence lots of papers were available in shops (spending at least €50,000) and it is believed that there were five in the syndicate according to the Sunday Times. The winning bid printed in the Evening Herald on Friday, was €1,949,662,000.

    I think people should be warned against doing this competition in future and that they should not bother wasting their time and energy doing it, and put their hard earned money into some sort of savings vehicle for a deposit instead. It is taking advantage of the desperation that people are feeling, myself included, that they will never be able to afford to purchase their own home at current ever-spiralling house prices, and will be in the tenant trap forever paying off someone else's mortgage!

    The competition was advertised, as the Sunday Times article says, as follows: "So either one of these outstanding homes could be yours for absolutely nothing, nada, zilch." It could be argued that this was misleading advertising because unless the Evening Herald intended to give away papers with tokens for free, the above homes were going to cost at least the price of the papers spent by the competition entrant who won it. Unless you have unlimited access to funds, the ordinary Joe Soap on the street does not stand a chance in a so-called competition like this. Even a lottery at least has the element of chance going for it! Apart from choosing a name for the house in the case of two or more highest bids of equal size, there did not appear to be any element of skill which is a normal requirement for running a "competition", other than the skill of being able to spend loads on newspapers and the ability to use a scissors, oh and count tokens!

    And granted, had I and my friends won, I probably wouldn't be complaining like this, but I would still think this type of "competition" was patently unfair, shame on you Evening Herald! Any legal eagles out there familiar with the Lotteries and Gaming Acts and with advertising law, who may have an educated opinion on this?

    Roz.


  • Registered Users, Registered Users 2 Posts: 19,607 ✭✭✭✭sceptre


    On a slightly related (not really I suppose but here's a good place to ask) note, does anyone out there who bought hundreds of Heralds have an entry form for the women's mini-marathon that they'd be willing to put in the post to me? GF wants to enter again but forgot about it until after online entry had closed and they stopped printing them in the Herald.


  • Closed Accounts Posts: 17 Roz


    I do not know if that would work as I see on their website that entry by post is also closed due to the fact that they have reached their safety limits. I do not have an entry form for the competition by the way, sorry, and I only bought the Herald for the above mentioned competition plus to find out the results (and yes I recycled every single one in Coolmine and Collin's Avenue Recycle Centres). I have entered the Mini Marathon - got the entry form out of a paper someone else bought for a change.

    I wonder if giving them a ring might help - the number of the Women's Mini Marathon Office is 01 2930984. Hope you get to enter because it is an enjoyable day/walk/jog/run with a good atmosphere.


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  • Closed Accounts Posts: 5 Carlitos Way


    The competition was a complete fix. There is no way in the world that a group of people could possibly get there hands on 50000 papers (according to the Sunday Times) in the space of a week. Not only because of the high demand for papers that week, due to the competition but also because of the free Cheltenham bets that were offered. Also most shops stick to the 15 papers per person rule, as they are thinking of their regulars who come around ever day. This guy on the other hand would be seen as a blow-in by the shopkeeper that was buying a lot but none the less would not be around next Monday, Tuesday, Wednesday etc etc of next week. You get the point. There had to be some sort of inside dealing between Paddy Kehoe and someone in the Evening Herald. I can’t imagine he could have pulled it off without it nor would he even attempt this stunt if he didn’t have a helping hand. A helping hand that was against the rules of the competition. I would assume that he had papers delivered to his door by the pallet load. That is the only way you could have got your hands on so many papers. They amount of money is completely irrelevant. Most people would find a way (any way) to get their hands on 40k if it meant they were going to handed over a property that was seven times that in value. It makes mathematical sense. So the issue isn’t how much he spent but rather how the hell did he get his hands on so many papers in a fair and just way. Well there isn’t one, is there! He could not have got his hands on so many papers in that particular week unless he had them delivered in huge quantities. For that completely unfair act to happen, he had to have someone WORKING FOR HIM ON THE INSIDES IN THE EVENING HERALD. And if he didn’t (which is highly unlikely) its still completely unfair to have access to so many.

    PS- what is the real reason for the delay with the release of the winners name and why was it so low key for such a huge competition!!! Did the Evening Herald/MyHome know that there was going to be trouble when the result was finally released and therefore were staling for time to reassess their legal standing, when the winner had clearly cheated?

    PPS- for those that are disheartened by the competition and feel that there’s no way there going to win the property, well you’re probably right, BUT you can justifiably look for a refund of the cash that you put into it. If you are pursuing this let people know, put it up here. There’s always strength in numbers.


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