Comments on: Lottery Pool Agreement

By: Nicole Beck

Nicole Beck — Wed, 01 Feb 2012 07:44:06 +0000

I am in the process of creating rules for a pool at my husband’s job. I have made a note on there that all tickets will be quick picks unless the pool chooses to select a set of numbers together. It probably wouldn’t go over too well if one person chooses the winning numbers and has to split those with everyone. Even though they have joined in as a group, it doesn’t mean that it will stay that way if they have a chance at winning millions of dollars all on their own.

By: Keith

Keith — Tue, 31 May 2011 20:55:49 +0000

One aspect that I don’t like about this contract is that it allows a person to participate in the winnings even though they may not have contributed in advance of the drawings. Thus, they could “forget” to contribute until after the drawing. If nothing wins, they could try to weasel out of paying, but if there is a significant win, then they could come up afterward and say “Here’s my $2 fee, where are my winnings?”.
My contract would say that if you don’t pay in advance, then you are not a participant for that drawing and thus are not entitled to any winnings.

By: Frank

Frank — Sat, 31 Jul 2010 15:15:31 +0000

Not sure about a site, but I was watching a documentary on TV the other night and it stated that about 70 percent of picks were quick pick with the remainder picking their own numbers. They determined that their was no statistical advantage either way. However, if you select a commonly picked set of numbers and win you may have to share those winnings with many.

By: Murray Flentroy

Murray Flentroy — Sat, 31 Jul 2010 12:10:05 +0000

Hi, I’ve found your stuff pretty helpful but you can improve it by answering my question – )) how many Lottery winners picked their own numbers? Do you know a website where you can find out the percentage of lottery or powerball winners who picked their own numbers or did a quick pick?