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Old June 10, 2024, 10:12 AM
GordonJ's Avatar
GordonJ GordonJ is offline
Join Date: Aug 2006
Location: West Palm Beach, FL
Posts: 3,522
Default And THIS could be the flaw in my thinking.

Being aware lotteries exist because people want something for next to nothing...and the bigger the prize, the demand soars.

Two dollars can get you a BILLION dollar lottery win. It has happened a few times...they may have spent thousands, but the winner only cost 2 dollars.

My fatal flaw with my plan may be in overestimating how many people would be happy to cash in a few hundred dollars regularly vs. their desire to win big.

I see people betting a hundred dollars on one number, with the idea, that IF it hits, they win BIG...MOST of the players who do, don't show it to the world.

So, I may be way off base and over estimating the number of people who will actually track, play within a budget, and be satisfied with small winners which allow them to play using "house money"...when they may be dreaming of a much bigger lottery pay off.

That is why TESTING will give us answers. If I am wrong, only a little time and a very little amount of money has been used, and I'll go back lottery anonymity.

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