Company Performance Metrics
Eric Bowler: Ticket Manager
Social Lotto Pool aggregates lottery tickets together into large lottery pools (we would love to set the world record). We are a startup company, SmartCents LCC, based out of the Northern Virginia and DC Metro area. Our goal is to try to win the lottery jackpot together. The large the pool size creates a greater chance of winning the lottery. With
large pool sizes, the chances of winning the lottery jackpot increase because of the large spread of tickets without increasing the amount of money you have to use on buying more and more tickets.
We buy tickets for our clients and enter them into the pool of their choice. We use our automated software that notifies our employees a purchase has been made for a client. Our employees then proceed to purchase and scan the ticket. The scanned ticket is entered into our database for auditing and the receipt is emailed to the purchaser. Our pools are open until a few hours before the official draw date, which allows time for last minute purchases. After the official lottery results are reported, our automated software assigns each member their winnings.
Unlike traditional pools where the pool winnings are split evenly, here at Social Lotto Pool the pool winnings are split based on how much a member has contributed to the pool. For example, if member A buys 40 tickets and member B buys 10 tickets, there will be a total of 50 tickets in the pool. If the pool wins a total of $100, member A would receive $80 (40/50 or 80%) while member B would receive $20, based on the 20% equity member B owns.
The concept is clear, the more tickets that are in a pool, the greater the likelihood of winning the jackpot. The catch 22, however, is the more tickets that are in a pool, the less equity you own of that pool. Therefore the system works similar to evolution, the more cooperative competition between members, the better everyone fairs buy increase the chances of winning the jack pot for everyone, even the person that entered only one ticket. However, if the person who bought only one ticket and that ticket happened to be the jackpot winning ticket, that person would only receive their percentage share of the pool.
We feel it is important to remind everyone that we do not offer a lottery or lottery drawing; the tickets we purchase on behalf of our clients are tickets for the major lotteries such as Mega Millions or Power Ball. Many people try to gain an edge over the lottery and the simple fact is you CAN’T. The best way to increase our odds of winning is to play together!
