Anybody won one of those car lotteries?
Discussion
Yep it s really frightening how much money some people are throwing at these things- even if you relatively wealthy or have a significant income it makes no sense- if you can afford the massive spend on tickets you could almost certainly buy the things you actually want and come out much better off.
Considering you could buy every ticket for any given raffle, have 100% chance of winning and still expect to typically have paid 60% more than the value of the prize, spending thousands for a <1% chance just doesn t make any sense at all.
The only way to really win is to be extremely lucky, spend very little and win big early on before either walking away or keeping your spend minimal and not getting carried away.
Unfortunately I m not sure how viable these sites would be without those big spenders, it s really quite problematic. It’s going to take someone ruining their life causing a lot of negative press before anything changes.
Considering you could buy every ticket for any given raffle, have 100% chance of winning and still expect to typically have paid 60% more than the value of the prize, spending thousands for a <1% chance just doesn t make any sense at all.
The only way to really win is to be extremely lucky, spend very little and win big early on before either walking away or keeping your spend minimal and not getting carried away.
Unfortunately I m not sure how viable these sites would be without those big spenders, it s really quite problematic. It’s going to take someone ruining their life causing a lot of negative press before anything changes.
Edited by Timfy on Monday 6th October 11:46
As per the other thread on this topic, unfortunately it's the people that are not weathly who get drawn into over spending on these that are the sad problem. Especially given these sites allow credit card payment, which regulations don't allow traditional gambling sites to do.
Suddenly you've spent £1000 on tickets on your credit card and can't pay that off in full, next month same again until financial ruin.
Suddenly you've spent £1000 on tickets on your credit card and can't pay that off in full, next month same again until financial ruin.
Elite been doing get your money back as credit on their house comp atm, dome it a couple of times, not bad tbf, only time id buy tickets normally on their site. I domt know if anyone saw that lifechanger comp, with the 4 bed house still left until 98/99% tickets sold, and a 50k watch, was on sunday evening, literally 80k tickets left, on sale, then 50k left, 30k left, thought whoever buys lots now has a mega chance and guarenteed major profit, max tickets 15k each person, someone or 2 people could buy rest and be pretty much guaranteed the house.
However at 35k tickets left, lots of times everyone complaining they cant add any tickets to basket, including myself. Elite said it is just the rush and everyone holding some tickets in their baskets and they had to delete tickets held if more than a few minutes in their basket. My opinion is that, say a few people holding max tickets in their basket and effectively not letting anyone else buy them, then 1 person buys a couple thousand at once until they win the house(taking turns between each other) as it was going down by 2k chunks every minute or 2-it displays instantly ticket numbers left, and the winning ticket will likely be in one of a few people holding most of the tickets basket. Call me cynical but it seemed like that what was going on. Also i noticed all winning ticket numbers were 0-1million numbers and any 1-2million were losing tickets, barring the main end 10k prize. Mad it was, did anyone see that? Thats how rich people get richer I guess
i spent 50 or so and had enough, anyone with money to burn couldve almost guaranteed a 300k prize.
However at 35k tickets left, lots of times everyone complaining they cant add any tickets to basket, including myself. Elite said it is just the rush and everyone holding some tickets in their baskets and they had to delete tickets held if more than a few minutes in their basket. My opinion is that, say a few people holding max tickets in their basket and effectively not letting anyone else buy them, then 1 person buys a couple thousand at once until they win the house(taking turns between each other) as it was going down by 2k chunks every minute or 2-it displays instantly ticket numbers left, and the winning ticket will likely be in one of a few people holding most of the tickets basket. Call me cynical but it seemed like that what was going on. Also i noticed all winning ticket numbers were 0-1million numbers and any 1-2million were losing tickets, barring the main end 10k prize. Mad it was, did anyone see that? Thats how rich people get richer I guess
i spent 50 or so and had enough, anyone with money to burn couldve almost guaranteed a 300k prize.Edited by Suubzer0 on Wednesday 8th October 09:59
Blue M5 Comp said:
I have not used them for years due that i believe that there are organised groups or families bulk buying tickets.i noticed the same names or last names.I did win using then but not as much as other sites .
Is that Elite specifically, or all of the car lottery sites?Blue M5 Comp said:
I have not used them for years due that i believe that there are organised groups or families bulk buying tickets.i noticed the same names or last names.I did win using then but not as much as other sites .
Whats the thinking behind that reason tho?Edited by Blue M5 Comp on Wednesday 8th October 10:30
As in if a comp has 10000 entrys. And i want and buy one entry. I dont care if 9999 other people buy 1 entry each, or one person buys the other full remaining 9999.
FilH said:
Blue M5 Comp said:
I have not used them for years due that i believe that there are organised groups or families bulk buying tickets.i noticed the same names or last names.I did win using then but not as much as other sites .
Whats the thinking behind that reason tho?Edited by Blue M5 Comp on Wednesday 8th October 10:30
As in if a comp has 10000 entrys. And i want and buy one entry. I dont care if 9999 other people buy 1 entry each, or one person buys the other full remaining 9999.
For regular comps then yeah it doesn't impact a lot just frustrating for those who spend like £10-50 or something on a few tickets. The 4 top prizes in the life changer ie 2 houses, 250k cash and 200k porsche all were sold after approx 64% tickets sold, the chances of which happening is less than 2%, so it's as if they release the bigger ones only after a certain number sold maybe half etc.
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