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Timtron Victory
Horizons' Edge
220
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Posted - 2015.01.08 23:00:00 -
[1] - Quote
Everyone seems to be doing high stakes lottery. I am interested in doing a lottery and need suggestions. I m thinking of a weekly lottery. Whats a suggested pot size?
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Jadek Menaheim
Xer Cloud Consortium
5050
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Posted - 2015.01.08 23:25:00 -
[2] - Quote
How about 5 million with a 100,000 ISK buy-in? Players are capped at 20 ticket purchases and 90% of ticket purchase go toward the pot.
Try the new Planetary Conquest Mode!
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Sergeant Sazu
Nanite Systems
391
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Posted - 2015.01.08 23:27:00 -
[3] - Quote
Listen to Jadek. He's a very trustworthy man.
[38.4m SP - Next skill: Active Scanner Operation 4]
Veteran Assault - Expert Logibro - Aspiring Minja - Scrub Sentinel
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Jadek Menaheim
Xer Cloud Consortium
5052
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Posted - 2015.01.08 23:35:00 -
[4] - Quote
Setting up your own lottery can be difficult thing to do, especially in regards to ticket tracking. I remember doing it all by hand and taking photos of my wallet ledger to continually update people. Now I just use http://dustlottery.com/ for convenience.
Try the new Planetary Conquest Mode!
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Joseph Ridgeson
WarRavens
Capital Punishment.
3055
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Posted - 2015.01.08 23:36:00 -
[5] - Quote
Listen to Jadek on this one. However, I would lower the ticket cost to like 10k. 200k risk for 5 million will bring more people willing to max out.
You can even have some fun and post a thread every week about your lottery with "everyone who posts on the first page will receive a free ticket" to get some interest in it. This is entirely contingent on you being honest. Jadek has been nothing but trustworthy (strangely) and yet his lotteries hardly have anyone interested.
"This is B.S! This is B.S! I paid money! Cash money, dollars money, cash money!"
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Timtron Victory
Horizons' Edge
221
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Posted - 2015.01.08 23:37:00 -
[6] - Quote
Jadek Menaheim wrote:How about 5 million with a 100,000 ISK buy-in? Players are capped at 20 ticket purchases and 90% of ticket purchase go toward the pot.
You read my mind haha
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Timtron Victory
Horizons' Edge
221
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Posted - 2015.01.08 23:40:00 -
[7] - Quote
Well I have the 5 million ISK and dont mind running about a loss of 1 million ISK as I can make that a day from matches. I will read up on the lotto price and I wanted a lower stakes lottery so 10k is promising
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Jadek Menaheim
Xer Cloud Consortium
5053
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Posted - 2015.01.08 23:51:00 -
[8] - Quote
Joseph Ridgeson wrote:Listen to Jadek on this one. However, I would lower the ticket cost to like 10k. 200k risk for 5 million will bring more people willing to max out.
Valid point, I'm also thinking of this in terms of a sustainable operation/business for the OP.
With a 2 million max ticket buy-in, OP collects 200k in the 10% management fees from each person that decides to max at 20 tickets. If 25 people max bid, the OP hits net 0 ISK on lotto initiation investment and the weekly pot under that condition of 25 people stands at 50 million ISK.
Demonstrating that you can make some ISK off of a poor tax arguably seems good for establishing credibility. Also being personable, and lively in your lottery operations is key toward building yourself as a brand.
Try the new Planetary Conquest Mode!
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Tim ChildofGod
Kirkinen Risk Control
Caldari State
1
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Posted - 2015.01.09 00:04:00 -
[9] - Quote
When does your lottery end: 2 weeks
Starting Lottery Amount: 5 million ISK
Price Per Ticket: 5k ISK
Your Fee: 90%
Max Number of tickets:40
What do you guys think?
I am creating a corp in my other character and setting it up |
Timtron Victory
Horizons' Edge
223
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Posted - 2015.01.09 00:05:00 -
[10] - Quote
Thats my other character : Tim ChildofGod
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Jadek Menaheim
Xer Cloud Consortium
5054
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Posted - 2015.01.09 00:06:00 -
[11] - Quote
Joseph Ridgeson wrote:Of course, full disclosure: Jadek has given me 10 million ISK as a 'gift'; surely that is not coloring my thoughts on him at all as it was only +25% of my net worth.
Mr. Ridgeson your commentary on my activities, regardless of my ch'onji, is always appreciated. As long as we're talking about full disclosure...
Try the new Planetary Conquest Mode!
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Jadek Menaheim
Xer Cloud Consortium
5054
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Posted - 2015.01.09 00:07:00 -
[12] - Quote
Tim ChildofGod wrote:When does your lottery end: 2 weeks
Starting Lottery Amount: 5 million ISK
Price Per Ticket: 5k ISK
Your Fee: 90%
Max Number of tickets:40
What do you guys think?
I am creating a corp in my other character and setting it up
Sounds good. Are you taking name suggestions for the corp?
Try the new Planetary Conquest Mode!
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Timtron Victory
Horizons' Edge
225
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Posted - 2015.01.09 00:11:00 -
[13] - Quote
I was thinking Timtron Victory Lotto so its pretty recognizable
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Not Jadek Menaheim
Xer Cloud Consortium
459
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Posted - 2015.01.09 00:17:00 -
[14] - Quote
Timtron Victory wrote:Everyone seems to be doing high stakes lottery. I am interested in doing a lottery and need suggestions. I m thinking of a weekly lottery. Whats a suggested pot size?
How much should I wager on you being Jadek Menaheim?
Try the new Planetary Conquest Mode!
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Timtron Victory
Horizons' Edge
226
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Posted - 2015.01.09 00:20:00 -
[15] - Quote
Not Jadek Menaheim wrote:Timtron Victory wrote:Everyone seems to be doing high stakes lottery. I am interested in doing a lottery and need suggestions. I m thinking of a weekly lottery. Whats a suggested pot size? How much should I wager on you being Jadek Menaheim?
one ISK 
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Timtron Victory
Horizons' Edge
226
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Posted - 2015.01.09 00:25:00 -
[16] - Quote
A bit of a snag at the dustlottery site minimum ticket price is 50k
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Jadek Menaheim
Xer Cloud Consortium
5055
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Posted - 2015.01.09 00:39:00 -
[17] - Quote
Timtron Victory wrote:A bit of a snag at the dustlottery site minimum ticket price is 50k
Brush Master can set up custom amounts. [email protected]
Check this past event out for reference.
http://dustlottery.com/drawing/view/fwnight
Try the new Planetary Conquest Mode!
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Timtron Victory
Horizons' Edge
227
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Posted - 2015.01.09 00:40:00 -
[18] - Quote
Thanks. Is it important to set up the maximum number of tickets a character can purchase?
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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Joseph Ridgeson
WarRavens
Capital Punishment.
3058
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Posted - 2015.01.09 00:46:00 -
[19] - Quote
Timtron Victory wrote:Thanks. Is it important to set up the maximum number of tickets a character can purchase?
Makes it more fair. Someone buying 1000 tickets to ensure that they win will dissuade others from joining.
"This is B.S! This is B.S! I paid money! Cash money, dollars money, cash money!"
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Timtron Victory
Horizons' Edge
227
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Posted - 2015.01.09 00:49:00 -
[20] - Quote
Thanks for all the help. I sent the email with the details
Sticks and stones may break my bones but words can kill me.
Proud Christian
Jesus Loves You
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