[Suggestion] Lotto Limit

Discussion in 'Suggestions' started by Zedoker, May 18, 2013.

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Should there be a limit to the lotto?

  1. yes

    21.6%
  2. no

    78.4%
  1. kukelekuuk

    kukelekuuk C͕̹̲̽ͪ͐ͩ̔L̜̦̝͈ͦ̿̾̿ḘA̻̗̤̳̐ͭ̆̿̃̑ͭN̊̓͑̇ͯ
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    I've seen it happen last time we had a limit implemented, last time we had a limit on tickets people played like normal for a week, and the lottos started to drop quickly, even ending up lots of empty lotteries.

    I've also been observing human behaviour for the past 6 years. (Like actually observing)
     
  2. _TANSTAAFL

    _TANSTAAFL EcoLegend
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    .001 times 850k is 850. How is that a profit when you spent 1k?

    I don't really understand what you're talking about in this post. You don't seem to understand any of my posts, so I give up.
     
    #42 _TANSTAAFL, May 20, 2013
    Last edited: May 20, 2013
  3. Revanrose6

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    Lottery is a rich person's game. Occasionally a poorer person wins, but, lets be serious it is there to entertain the rich who have nothing better to do with their money. That being said, limiting the lottery is only to increase the odds of the people who should frankly not be playing. They think lottery is a quick way to get rich, but it isn't. Unless you are terribly lucky you should stay out of lotto. Don't limit the rich people's game because you want better odds.
     
  4. mattf26

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    I personally don't think there should be a cap on the betting amount in lotto
     
  5. d_face012

    d_face012 Builder
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    -1 no. It's users fault to put in 50-300 tickets in and lose.
     
  6. Epislen

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    -1 its my money and i spend it how i want i make my money from lotto and i lose it in lotto NO LIMITS
     
  7. Avaina1918

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    Keep in mind that most who don't want this are "lotto kings" and 100+ ticket, and those who want it always lose to the lotto kings.
    Not insulting you if you are an exception.
     
  8. SonnyCola

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    Now, I have to really comment on this. Because the idea of limiting the lottery is your own greedy intent of you or anybody else winning besides those who choose to risk their millions for a few 100k.

    Now, first off is that why limit it in the first place? Because you want a fair chance of winning. I look to lottery as a raffle. If it is $1 IRL money for a raffle ticket then you put it in. You decide to risk $10. There is only one other ticket in the raffle. It is like that. If you lose your $1 and you are upset, it is because you are too immature to take responsibility for your loss. If that $10 person loses, how do you think they feel?

    Next, if we limit lottery people will not win. Simple. Anybody who wants to win cannot in an easy manner, so people will stop playing all together. Thus decreasing the amount of money put out of the economy and making the server not that much fun for players like me, who do lottery for the thrill and excitement to see who will be the next millionaire.

    Next, I see it funny that you do not get kuke's human nature comment. Naturally, humans are greedy. It is a survival instinct. You want more for yourself to live and or keep doing what you are, so you need to get more fuel to whatever fire you are trying to keep up. It doesnt matter to you how other people react. YOU just want what YOU need to do. If this happens people will not get what they want, and thus depriving them of their fun, and or way of money and thrill.

    Finally, if you want to win, snipe yourself. Who cares if you lose? I have lost 4 mil within 2 days. Balance from $4,100,000 to $10. Did I quit? No. Did I rage? Yes. It is mindset. Do you want to sit there and live your life saying that it sucks? No. Just get over yourself and not care. It is no big deal if you lose $500k. It is a fake currency on a minecraft server. Let those who decide to put everything on the line reap the benefits because any second they can lose it all.
     
    #48 SonnyCola, May 23, 2013
    Last edited: May 23, 2013
  9. Falconaire

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    I don't agree with your idea, you're saying that it isn't "fair" you don't have a chance against the 100+ ticket guys because you only have 3 tickets in. Well yes, that's the point isn't it? The more you invest in something the higher chance of success you have, but the risk also skyrockets. Your chances are only as fair as how many tickets you put in, you shouldn't rely on a new server feature to make sure you have some sort of chance in the lotto.
     
  10. knears2000

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    I hate to be a hater but here goes nothing.
    A lot of you say, take money out of the economy and such but you haven't seen what happens when there is more than you think. I know, there are millions of dollars in the server, everyone says that the dollar inflates and it does but lets take a world perspective here, the more money in, the richer people get, they spend a lot of money, the more they spend the better the value of an item, so theoretically, adding money to the economy would help, ask Ike if I recall correctly, he says taking money out would hurt. Now onto the lotto, hey, I took 100k from Harry, I'm 11th on the lotto leader board for 1 ticket wins, the lotto is for the people with guts and a very big pocket, a strategy I suggest for the lotto is take your lucky number, (mine is 4) and put that money in, if you get lucky, you beat a tycoon that put in 100k, a lotto limit would actually hurt us all, (especially me being a 1 ticket per lotto guy). I'm sorry but -1.
     
  11. phdzombiedragon

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    Why not have both?

    This would solve all problems. Now the problem is confusion "how will we know what lotto is what?"

    Well, we could just go back and forth. Have a poor man's lotto that has a limit and announce winner. Then have a no limit pot where the stakes are higher and no limit and announce the winner. Then back to the poor man's lotto and so on.

    All that would need to be done is to add some more information with /lottery indicating what lotto is going.
     
    #51 phdzombiedragon, May 25, 2013
    Last edited: May 25, 2013
  12. Crezarius

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    In this example, what you fail to take into account is, with 123 tickets, investing 123 000, you stand to win 127 500. Is risking 123 000 to profit 4 500 worth it? That is the risk lottery players take gambling. Look at Kuke's links

    WiKiDOne has won $663850 with 700 tickets.
    xamagodx has won $658750 with 751 tickets.

    It doesn't look like buying a bunch of tickets paid off there. Winning made for losses ...Point being, buying hundreds of tickets can make for some really bad and unreasonable odds.

    And 1 ticket wins, we have (since the list has been keeping data) Matteymoo2 has won $746300.. So he had a 1 in 878 chance of winning, which is a chance, and it came through. We have 55 winners of over 100k with a single ticket and around 450 who have won at least 25k. Clearly 1 ticketers can win (and win big).

    Because the lottery takes such a large chunk, these players risk obscene amounts of VIDEO GAME MONEY to not always win a bunch. Losing 15% really makes it a losing battle no matter how you look at it; nobody but the server wins in the long run. You can have the odd profitable player but they are the rare lucky ones. So let the rich throw their money away, hopefully shrinking the money supply in the process (or at least helping control inflation), making the wise who kept theirs, have more purchasing power.

    _TANSTAAFL, well written posts there. I think people are confusing the short term possible win with the actual long term outcome. Everybody who consistantly plays it will lose in the long run, math and stats show that.
     
  13. eliteshadow0000

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    i totally disagree because I started playing for 2 weeks and now have have 400k bank because of 1 ticketing lotss look me up number 4 for 1 tickets :)
     
  14. rabidworm

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    the point of the lottery is to get money out of the economy. limiting it defeats its own purpose. no.
     
  15. Zedoker

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    Im too tired of all this
    Mod please lock
     
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