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blankseplocked [LOTTERY] EVE ISK LOTTERY - [CLOSED] [REFUNDED]
 
This thread is older than 90 days and has been locked due to inactivity.


 
Author Topic

Dai007
Caldari
Novatech Armada
Imperial 0rder
Posted - 2010.10.20 22:52:00 - [1]
 

Edited by: Dai007 on 22/10/2010 20:41:58
Edited by: Dai007 on 21/10/2010 15:21:48
Edited by: Dai007 on 21/10/2010 13:38:36
Edited by: Dai007 on 21/10/2010 13:13:33
EVE ISK LOTTERY
- Presented by Dai007


- SECURED BY [SOMER] -
Please visit your user settings to re-enable 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 EIL1-1-2-3-4-5-6 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 no-one 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 23:00:19
Please visit your user settings to re-enable 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. High-quality service cheaper than the competition. Third-party 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, no-one 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 no-one 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 400-500M.

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 EIL1-1-2-3-4-5-6
ISK has been returned to Talara Shard. Please correct and re-send.

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 22:04:38
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 Razz

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 Razz

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!(n-r)!) = 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!(n-r)!) = 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


 

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