Minecraft Name: zedoker Suggestion: AS the name implies, a limit on the lotto, for instance, 50k, etc Reason: Tired of your constant lotto losses to people with well over 100 tickets? 150? 200? Well, this is to level the playing field, so everyone can have a chance! I understand that buying more tickets makes it so you have a better chance of winning, but come on, there really isnt a chance of anyone winning when someone has 100+ tickets, unless they also have 100+ ticks. For instance, if I buy 123 tickets (which will never happen), and there are 150 tickets over all, I have a 82% chance of winning, and a 1 ticket buyer will have barely 1% of winning. Sure its possible, but highly unlikely. Another example, the 255 ticket lotto right now. 100 tickets means about 39% winning. My 3 tickets means .01% winning. See how this is unfair yet? Im proposing that there be either a 50 or 75 ticket limit in order to prevent this. I understand that the rich use all their money to get more in lotto, however, most people dont buy over 20 tickets. Buying 50-75 tickets is rare, and 100 is to those who have lots of money. Also, the lotto will be more profitable because it is more approachable for other people to buy tickets without worrying about those 100+ ticketers. Also, people who are rich dont even need more money. From what Revan said in another post: Tycoon and ecoleader are for people who want to waste money. Any Other Information: Give this a shot Link To This Plugin: N/A
As much as I would love to win some more lottos, I do not want this to happen. Lotto is fun and only you control how many tickets you have and therefore what % chance of winning you have. I always love to see some random builder win 70k from a 1 ticket or a Tycoon lose 10k from bad math. Point is: Lotto is fine and the way it is right now is how it is supposed to be.
lotto is one of the main ways that money is taken out of the economy, if you limit this it would mess with the economy. also i like big lottos like 1mil+
I agree with you control how many tickets you buy, however, its simply unfair for a tycoon constantly using 100 tickets to get richer, because they really have no need for money
Lotto is mean't to be unfair. Lotto is for the rich, don't play lotto if you can't afford to loose. If everyone had an equal chance it would not be a lotto. Imposing a limit just cause you wanna win is not a justifiable reason. The more you risk in lotto the better your chances of winning, that is how it should stay. Everyone has a chance to win, check out the 1 ticket winners: lottery.radthorne.com You say it will make lotto "profitable". Lotto is not meant to be profitable, it is to take money out of the economy. I would write more but i hate typing on my phone. -1
Why would a tycoon have any less need for the money than a mayor. We all want to be rich, buy the best stuff, we all have a need for money, even it is just cause we wanna buy more rocks.
Lotto is somewhat profitable, if there is a higher amount of people playing, then people can profit if they have lower ticket wins. However, rich can get poorer as a result, however, that doesnt happen as often as we would like to think
I personally don't have much input in the lotto; the occasional 1 ticket here and there. But I love to watch the lotto. You see the richest players wager huge amounts of money, for them to lose to an unsuspecting 1 ticket'er. It makes me laugh in a sort of schadenfreude manor. By putting this cap on this lotto, I, for one, think it brings the fun out of lotto. When the peak times are upon us, the big players throw their cash in there and it lightens the mood (even if they rage quit), making us watch in anticipation. So for these reasons, I am against a cap on the lotto - that is all.
This is a silly idea. I don't think you have thought this through very well. For example if there was a 50 ticket cap, what if some ecoleader or tycoon just bought 40 tickets every time giving them a very high probability of winning a d only leaving 10 ticketscto be bought. This idea would not only mess with the economy, but also make lotto unplayable because if you bought just enough tickets for your win to still be profitable, you could easily lotto troll and make easy money. This would just make it a bigger advantage for the rich. Also I agree with all the above posts that said that everyone needs money, why would you think that just because you have a ecoleader tag that you would no longer need money? .. -1
I think you have it confused, im not saying put a 50 cap on the overall lotto, im saying make it a 50 cap per person
You could say that, but like i mentioned before, it makes it more fair for the rest of the players. Also i mentioned how hardly many people go over 50 tickets. Those hot shots that are willing to spend 100+ take a risk, and if they lose its funny, but a 50k loss wont be as devestating to them
Why limit the lottery? It already is a huge risk and it is your choice whether or not you want to put tickets in. -1, it would take out all the fun, especially those huge 1000 ticket snipe no one sees coming.
It would also be risky if theoretically more people buy 50 tickets, then thered still be a risk. Ex. Lee buys 50 tickets, multiple other people buy 50 ticks, and some others buy random number. The total amount could be say... 465 tickets overall. Lee has a 10% chance of winning about 370k lee profits 320k. Lee risked putting that lotto in. Since the lotto takes 85% of the money you put in per 1k, it wont have the change in effect. Most likely you wont be the only one who buys tickets, there will probably be a gain. This really is to level the playing field, while making the lotto prizes somewhat more, and preventing major losses that will ruin someone
You're not recording every ticket bought, and amount won. You don't know this. You can't eyeball something like this. If you understood statistics, you would know that everyone loses 85% of the money they put in, in the long run. Also, the expected winnings of every player is 85% of what they put in. This is due to tax (100% - 15% = 85%). If you put in 1 ticket, your expected win is 850. If you put in 1000 tickets, your expected win is 850K. Do you see why lotto is fair no matter how much money people put in? There is a balance of risk and reward for number of tickets sold: Low # of tickets - Low $$ Risked - Higher % Profit High # of tickets - High $$ Risked - Lower % Profit To illustrate with numbers, Player A buys 1 ticket out of 1000. Player B buys 100 tickets out of 1000. Player A can lose $1000. If he wins, he gains 849K; a 84,900% profit. He has a lower chance of winning. Player B can lose $100,000. If he wins, he gains 749K; a 749% profit. He has a higher chance of winning. Do you see how the big ticket player risks more money for a lower % profit? In return, he gains a higher chance of winning. But, it all balances out and is fair.
Yes, I agree with _TANSTAAFL above, where you cannot directly figure out how much profit/loss a single player has gained/lost. The people you call 'richer' put more tickets into the lotto, therefore risking a larger amount of money. Some of the people who have all the money to put in a large amount of tickets get it from hard work (Don't say that the people get it from other lottos, they do, but only some). It all turns out to be equal as some of the 'rich' people lose to people with small amounts of tickets in the pot. It all balances out, and turns out to be fair, except you can't exactly say that lotto is fair....
