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I didn't win the lottery again. Watch

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    (Original post by TheMuppet)
    Stop playing - it is a tax on stupid people
    Doesn't exactly raise much does it?
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    http://www.youtube.com/watch?v=eTiPcp9xYg0
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    Can you believe it?

    This guy wins £181m lottery on Wednesday, and finds the love of his life just two days later. Talk about luck!
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    The guys above are taking this as a joke. I'm going to give you a serious answer.

    Take a 500k short term loan at the bank.
    By 500k pounds worth of lottery tickets.
    Chances are, you will win more than £500k.
    Repay the loan.
    Enjoy the leftovers, which statistically would be around 250,300k.


    Posted from TSR iPad
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    (Original post by anonymouse01)
    The guys above are taking this as a joke. I'm going to give you a serious answer.

    Take a 500k short term loan at the bank.
    By 500k pounds worth of lottery tickets.
    Chances are, you will win more than £500k.
    Repay the loan.
    Enjoy the leftovers, which statistically would be around 250,300k.


    Posted from TSR iPad
    That's preposterous! That's not entirely certain! I do hope you're jesting!
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    (Original post by anonymouse01)
    The guys above are taking this as a joke. I'm going to give you a serious answer.

    Take a 500k short term loan at the bank.
    By 500k pounds worth of lottery tickets.
    Chances are, you will win more than £500k.
    Repay the loan.
    Enjoy the leftovers, which statistically would be around 250,300k.


    Posted from TSR iPad
    The one shortfall in your plan is that the chances of having a winning ticket amongst those 500,000 is roughly 28/1 (ie. still not very good), meaning that you'd most likely be stuck with a £500,000 loan to pay - a daunting thought. The message is clear:

    The lottery is a game for mugs.
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    (Original post by HumanSupremacist)
    Doesn't exactly raise much does it?
    Only 45p per £ become prizes in the draw

    28p is added to the National Lottery Distribution Fund (money that previously came from other taxes) plus another 12p is given to the UK government in Lottery Tax

    So each ticket you buy is effectively 40p tax to the government.

    Multiply that by number of tickets, with 2 draws per week, is not too shabby a tax pull by the government.
 
 
 
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