Which lottery to play?

Diddums said:
I'd rather they do support good causes, it's the only way we a a society are going to get selfish pricks to support those in their time of need ;)
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Tax already does that. 'Good causes' donations via lottery is essentially another stealth tax. If someone wants to donate to charity, they are free to do so. Why should playing the lottery be conditional on making a charity donation?
 
danlightbulb said:
Tax already does that. 'Good causes' donations via lottery is essentially another stealth tax. If someone wants to donate to charity, they are free to do so. Why should playing the lottery be conditional on making a charity donation?
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So donating to charity is a "stealth tax" is it :cry:

It's quite simple really, their game, their terms. Don't like it? Don't play. Not exactly rocket science is it?
 
Diddums said:
So donating to charity is a "stealth tax" is it :cry:

It's quite simple really, their game, their terms. Don't like it? Don't play. Not exactly rocket science is it?
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It is if its a hidden element of something else. Why not apply a good causes donation onto chocolate bars, be the same principle wouldn't it?

Which is why I was asking about alternatives...point of the thread you see.
 
danlightbulb said:
It is if its a hidden element of something else. Why not apply a good causes donation onto chocolate bars, be the same principle wouldn't it?

Which is why I was asking about alternatives...point of the thread you see.
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Hidden? Are you blind? It's literally front and centre on their homepage :confused:

And no, let's not try and reword your thread, you want to win money for yourself and **** everyone else, let's not beat around the bush shall we ;)
 
Diddums said:
And no, let's not try and reword your thread, you want to win money for yourself and **** everyone else, let's not beat around the bush shall we ;)
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Not trying to reword anything, Ive been very explicit that Im looking for whichever scheme has got the best return.

Think about it logically for a moment, if Im trying to win money, then I want to maximise the odds right? Why would it make sense for me to want to give to charity as part of that? If I wanted to give to charity, I would do so separately wouldn't I?
 
danlightbulb said:
Not trying to reword anything, Ive been very explicit that Im looking for whichever scheme has got the best return.

Think about it logically for a moment, if Im trying to win money, then I want to maximise the odds right? Why would it make sense for me to want to give to charity as part of that? If I wanted to give to charity, I would do so separately wouldn't I?
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I don't think you understand how gambling works.
 
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Kenai said:
You'd get more entertainment setting fire to a £10 note each month and your chances of winning a life changing jackpot will stay about the same :p
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About the same is not the same as exactly the same.

Its a bit like the powers that be saying that eating chocolate will increase my risk of death by 100% at my age. Yeah it will, by 1 in 100000 to 2 in 100000 (numbers made up to make the point, Ive no idea what they are).

People play lottery for a chance at life changing cash, we're not in it currently. So we will have an infinite percentage increase in the chance of winning by playing it.
 
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Kenai said:
You'd get more entertainment setting fire to a £10 note each month and your chances of winning a life changing jackpot will stay about the same :p
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You could be a real ahole and pay homeless to entertain you for a tenner.
Then you're giving to a good cause... [doubt]... And getting some entertainment.
 
danlightbulb said:
Me and girlfriend are going to start playing a lottery with a tenner each per month.

I want to play the one with the best EV. This will be the lottery that gives the most revenue into its prize fund.

The problem with many lotteries is the extract of revenue for good causes. If I wanted to donate to good causes I would do it separately. I play a lottery to give me a chance at winning, and I want to maximise this.

It might be hard to avoid this, as the national lottery will be the easiest one to join and pay regularly into automatically.

I already have some premium bonds but we want chance at bigger jackpots.

Anyone in any alternative lotteries?
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Stockmarket
 
Well a tenner isn't that much money and if placed on the national lottery you're in with a chance, which is a better chance than not doing it, no matter how small that chance is.

Saying that, I do the lottery but am one of those people that never win anything.
 
bainbridge said:
Well a tenner isn't that much money and if placed on the national lottery you're in with a chance, which is a better chance than not doing it, no matter how small that chance is.

Saying that, I do the lottery but am one of those people that never win anything.
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In almost all aspects the National Lottery would be perfect - its all online, direct debit, auto plays the tickets etc, well established.

But, the prize pool being only c.50% of the ticket price really puts me off. Its not just good causes according to wikipedia, there is a 12% government take as well.

Of all money spent on National Lottery games, around 53% goes to the prize fund and 25% to "good causes" as set out by Parliament (though some of this is considered by some to be a form of "stealth tax" levied to support the National Lottery Community Fund, a fund constituted to support public spending). 12% goes to the UK Government as lottery duty, 4% to retailers as commission, and a total of 5% to operator Camelot, with 4% to cover operating costs and 1% as profit.
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Maybe a jackpot slot is the way to go, will just need more effort each month for us to log in with our allocated cash and do the spins. Also Im gubbed from almost all bookies from my matched betting days. Would have to be much more discipline involved if doing the jackpot slot route, it would have to be treated like a lottery ticket - play the allocated amount and stop regardless of win or lose.
 
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danlightbulb said:
In almost all aspects the National Lottery would be perfect - its all online, direct debit, auto plays the tickets etc, well established.

But, the prize pool being only c.50% of the ticket price really puts me off. Its not just good causes according to wikipedia, there is a 12% government take as well.




Maybe a jackpot slot is the way to go, will just need more effort each month for us to log in with our allocated cash and do the spins. Also Im gubbed from almost all bookies from my matched betting days. Would have to be much more discipline involved if doing the jackpot slot route, it would have to be treated like a lottery ticket - play the allocated amount and stop regardless of win or lose.
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Govt duty is not unique to lotteries.

www.gov.uk

Excise Duty — Gambling Duty rates

www.gov.uk www.gov.uk
 
danlightbulb said:
Will have to look into it more but if the RTP of a jackpot slot is indeed 90-95% as was stated earlier in the thread, then how can there be a component of duty within that? Unless they are calculating it non-transparently post duty payment?
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No idea.. but with £20 a month I doubt you'll win anything on slots anyway. The jackpot part of the stake is also only a small part so if you bet £20 on slots only a small part will go towards the jackpot game, the majority will go on the slot.
 
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