Author 
Topic 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.20 22:52:00  [ 1]
Edited by: Dai007 on 22/10/2010 20:41:58Edited by: Dai007 on 21/10/2010 15:21:48Edited by: Dai007 on 21/10/2010 13:38:36Edited by: Dai007 on 21/10/2010 13:13:33EVE ISK LOTTERY  Presented by Dai007
 SECURED BY [SOMER]  Please visit your user settings to reenable images.
EIL1 LOCKED NUMBERS EVE ISK LOTTERY TICKET TRACKER
EIL  CHEAPO LOTTERY
 Total Tickets: 200   Price per Ticket: 2,000,000 ISK (2M ISK) 
Ticket Details
 Ticket will consist of 6 numbers: 1  10 (Unquie  Only use one number once)   6 Numbers will be drawn from CHRIBBA'S "ROLL THE DICE" 
 ORDER OF NUMBERS ARE IRRELEVANT, YOU DO NOT HAVE TO MATCH THE ORDER OF WINNING NUMBERS 
Purchase Details
 Send 2,000,000 ISK (2M ISK) to Dai007 with reason EIL1123456 gives you a ticket with numbers 1, 2, 3, 4, 5, 6   Pick your own numbers, 1  10 
 One ticket per transaction (You may do more transactions for more tickets)  Please post to confirm you have purchased ticket/s)
* Any transactions that are not 2,000,000 (2M ISK) will be taken as a donation *
Prize Details
360,000,000 ISK (360M ISK)  JACKPOT
Prize Breakdown  Match 6 Numbers = 360,000,000 ISK (360M ISK)   Match 5 Numbers = 40,000,000 ISK (40M ISK) 
 If noone matches 6 Numbers (JACKPOT) then it will ROLLOVER 
** Individual/Player prizes will be simply the division of the prize pool by the number of winners in that category **
Ticket Verfication
 Tickets will be tracked via API (WalletJournal)   You may view your tickets online at : EVE ISK LOTTERY TICKET TRACKER 
 Once all tickets have been sold the numbers will be unlocked   Within 24 hours all prize money will be awarded 
 If tickets fail to sell, ALL ISK will be refunded. 

Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.20 22:54:00  [ 2]
Edited by: Dai007 on 20/10/2010 23:01:12 Reserved for winner information 
Somerset Mahm Somer's Omnibus Exploration and Reclamation Cognitive Distortion 
Posted  2010.10.20 22:55:00  [ 3]
Edited by: Somerset Mahm on 20/10/2010 23:00:19Please visit your user settings to reenable images.Posting to confirm that we currently hold collateral equal to the ticket sales in escrow. In the event of any issues, SOMER guarantees full refunds to all buyers. Need your lottery or other trade secured? Check out SOMER Escrow. Highquality service cheaper than the competition. Thirdparty and lottery ticket services all in one. 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.20 23:46:00  [ 4]
Lottery is active and ready to take tickets!. 
egola Amarr 
Posted  2010.10.20 23:54:00  [ 5]
i say set no actual ticket limit and if no one wins the prize, roll it over week after week adding ontop 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.20 23:59:00  [ 6]
Edited by: Dai007 on 21/10/2010 00:01:48 Originally by: egola i say set no actual ticket limit and if no one wins the prize, roll it over week after week adding ontop
Jackpot is based off ticket sales. If there was a dead line like Sunday 24th Oct, noone would buy a ticket untill Sunday. I think this is a fair lottery, accepted its not a large payout but with 80% of ticket sales used as the lottery pool, there could be more than one winner of the jackpot, more than one winner of match 5. If you win you would prob easily make back your money and more. Once all tickets are sold the numbers will be unlocked, if noone matches the 6 numbers (jackpot) then ALL of the jackpot money will be rolled over to the next lottery (I wont take a single ISK). So the next lottery would be over 400500M. There has a to be a lottery for it to be a rollover, cant start a lottery with a rollover. 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 12:05:00  [ 7]
Awaiting tickets! 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 13:11:00  [ 8]
JACKPOT increased to 360M 
Talara Shard 
Posted  2010.10.21 13:24:00  [ 9]
ticket bought 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 13:38:00  [ 10]
Edited by: Dai007 on 21/10/2010 13:43:28 Originally by: Talara Shard ticket bought
Your ticket is invalid. Reason code must be in format of EIL1123456 ISK has been returned to Talara Shard. Please correct and resend. EIL1 is reference to the lottery code, not an actual lotter number. 
StalinGrad6 Gallente The Scope

Posted  2010.10.21 13:40:00  [ 11]
bought one
meh, why not? 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 15:16:00  [ 12]
Originally by: StalinGrad6 bought one
meh, why not?
Thanks, Check your EvEMail 
Wafflehead 
Posted  2010.10.21 18:02:00  [ 13]
Got a ticket! 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 19:27:00  [ 14]
Originally by: Wafflehead Got a ticket!
Thanks!. More tickets available! 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 21:17:00  [ 15]
Gonna give it ~24 hours to see if interest picks up if not ill refund and close the lottery 
Brinkken 
Posted  2010.10.21 22:00:00  [ 16]
Edited by: Brinkken on 21/10/2010 22:04:38I calculate odds of winning at 1/151,200 equals roughly (6*10^4)% chance. Odds of getting 5 numbers is 6/94,200 which is about (10^3)%chance. Expected value of a ticket is (360,000,000 * 1/151,200 + 40,000,000 *6/94200) minus the 2 mil ticket price. So that's about 1,997,000. Expected value for you, on the other hand, is 200 tickets * 1,997,000 = 394,400,000. A person would have a much better chance getting their isk doubled in Jita Do the math so the expected values work out a little closer to even by offering prizes for matching 3 or 4 numbers, or even better hold a contest with a guaranteed winner. 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.21 22:21:00  [ 17]
Originally by: Brinkken Edited by: Brinkken on 21/10/2010 22:04:38 I calculate odds of winning at 1/151,200 equals roughly (6*10^4)% chance. Odds of getting 5 numbers is 6/94,200 which is about (10^3)%chance. Expected value of a ticket is (360,000,000 * 1/151,200 + 40,000,000 *6/94200) minus the 2 mil ticket price. So that's about 1,997,000. Expected value for you, on the other hand, is 200 tickets * 1,997,000 = 394,400,000.
A person would have a much better chance getting their isk doubled in Jita
Do the math so the expected values work out a little closer to even by offering prizes for matching 3 or 4 numbers, or even better hold a contest with a guaranteed winner.
How did you come up with them odds? They are WAY off. Odds are 1 in 252 to match 6 winners. While running local tests of random numbers there was ALWAYS a winner. Current Setup: Ticket Sales = 2M x 200 = 400M Prize Pool = 100% = 400M Jackpot = 90% of pool = 360M 5 Numbers = 10% of pool = 40M Profit for me: Ticket Sales = 400M Prize Pool = 400M SOMER Escrow Cost = 50M Total Profit: 50M (Yes thats , im loosing money) 
Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.22 15:37:00  [ 18]
Think its time to close and return the ISK 
Brinkken 
Posted  2010.10.22 19:42:00  [ 19]
Edited by: Brinkken on 22/10/2010 19:53:01 Edited by: Brinkken on 22/10/2010 19:47:32 Edited by: Brinkken on 22/10/2010 19:45:59 Bah, you're right. I did the odds where order matters.
When order doesn't matter, the odds of winning are 1/210, odds of getting 5 of 6 are 6/210
Expected Value of a ticket is: 1,142,000 + 1,714,000  2mil = 856,000 roughly
My apologies.
The cost for you would be quite a bit more than you calculate though. You would average five or six 40 mil winners for each draw. And if everyone got to pick their own number, it would be possible that you would have multiple people win the grand prize. It would be very expensive to properly secure a lotto like this.
Edit: Included the formula for calculations
n choose r without replacement or regard for order = n!/(r!(nr)!) = 210 in this case. 1 winner, and 6 ways to choose 5 of 6 numbers.

Dai007 Caldari Novatech Armada Imperial 0rder 
Posted  2010.10.22 20:40:00  [ 20]
Originally by: Brinkken Edited by: Brinkken on 22/10/2010 19:53:01 Edited by: Brinkken on 22/10/2010 19:47:32 Edited by: Brinkken on 22/10/2010 19:45:59 Bah, you're right. I did the odds where order matters.
When order doesn't matter, the odds of winning are 1/210, odds of getting 5 of 6 are 6/210
Expected Value of a ticket is: 1,142,000 + 1,714,000  2mil = 856,000 roughly
My apologies.
The cost for you would be quite a bit more than you calculate though. You would average five or six 40 mil winners for each draw. And if everyone got to pick their own number, it would be possible that you would have multiple people win the grand prize. It would be very expensive to properly secure a lotto like this.
Edit: Included the formula for calculations
n choose r without replacement or regard for order = n!/(r!(nr)!) = 210 in this case. 1 winner, and 6 ways to choose 5 of 6 numbers.
Yea the odds are good. The prizes are simply divisions of how many winners. Jackpot of 100m and 1 winner = 100m win, 100m jackpot  2 winners = 50m ea etc No need to do complex calculations. Use Excel and type =COMBIN(10,6) gives you odds. I think it failed due to low ammount of ISK jackpot. I will be back with another lottery!. :D 