If You Play The Lottery

Gorgeous_George

I don't like the marriage (civil partnership) of charity and gambling.

If I choose to gamble it is not to give to charity - although many addicted gamblers may use this to justify their addiction.

If I choose to donate to charity, I do so in the most tax efficient way possible and because I want to support that particular cause.

Surely there is no excuse for joining the two activities together.

If I offered to sell you my car at three times its value but offered to kindly donate 30% of the sale to charity I doubt I'd have any takers. Why should gambling be different?



GG

Tim_L

I don't object to gambling per se, but these lotteries combine about the worst form of gambling available - fixed odds with a defined return that is massively less than the amount spent - with a massively inefficent way of giving to charity. Frankly both you and the charity would be better off if you played a slot machine with 60p and giving 40p to charity.

ag359

Spot on Tim.

Come to the matched betting board, and donate half of your profits to charity with gift aid. Stick a tenner on a long shot with a bookie if you want a chance at a big win, and then keep the rest of the money yourself. Everyone's a winner!

fifo_2

Don't you just love this, fairer lottery stuff? we are giving 2p more in the £ to charity ' i.e. that's it, keep watching my left hand, but don't watch my right. :rotfl: :rolleyes:

Camelot take 5p in the £ of which it is calculated they make 0.5p profit and 4p on expenses. compare that to this lottery taking 15p in every pound, calculated by several respected and authorative financial media sources, they will take between 10 and 11p in profit with 4/5p espenses. the company went public a few weeks ago, and the shares have been tipped on this critera (motley fool I think, or shares email) don't think even Tesco make 10p in £ profit :eek:

Moreover, it is run by somebody called Tim Holley who was the original Lottery Fat Cat. there was outrage in the early 2000s when it was revealed his wages and bonuses at Camelot were around the three quarter of the million mark! :beer: He later went on to say it was not that much. youd have to win the lottery to think thats not a lot of money:rotfl:

so, now he is offering us a new lottery to play. For whose benefit? the charitys? the players? or one Mr T Holley Esq, c/o Lounger by the poolside cocktail bar, Fatcat Towers, Barbardos : :rotfl:

must certainly knows the diference between running a company making half a p in the pound profit and 10p in the £ profit.

from their website ...https://www.chariot.org.uk Tim Holley announced people want a fairer lottery. This common frustration has led to the creation of monday. We’ve taken three years to develop this and know it will succeed because it rewards players and charities alike. We like to think that monday is the lottery for unlucky people – the vast majority who have played the lottery since it started but have never won anything. At a pound a week that’s potentially £592 spent with no return. With monday people will have a much better chance of winning.

translated as ' Hello Suckers, yeah sorry about you didn't win on my old game, but I have a much better one for you to play , yeah know you lost your money on that one, sorry about that, see thats why i want you to play this one, your number is just about to come up, trust me this time course it's better, you can win and everyfink ... what am I getting out of this? how dare you, its for charitee don't you see ? :rotfl: :mad:

But it's all for charideee ....... er isnt it ?

queensway_boy

Amba_Gambla wrote:

.....I was looking into this, and they give charities 30p in every pound as opposed to the National Lottery's 28p in every pound.....

hardly a huge difference is it.....

24.4 p is the difference according to the monday lottery site




How does this compare with the National Lottery?
monday gives 30p per pound directly to charities. The National Lottery gives 5.6p per pound to charity.

https://www.playmonday.com/CF/include.do?pageId=faqs#36

scroll down to the question 'How does this compare to the national lottery'

BrianGrant

queensway_boy wrote:

monday gives 30p per pound directly to charities. The National Lottery gives 5.6p per pound to charity.

The Monday Lottery looks like it might be over. But it's wrong to say they give 30p in the £ to charity. They charge the charities an amount towards the marketing costs - eg the ads that everyone's blaming for the fiasco - see their FAQs at https://www.playmonday.com/CF/include.do?pageId=faqs#37

queensway_boy

BrianGrant wrote:

The Monday Lottery looks like it might be over. But it's wrong to say they give 30p in the £ to charity.

This is what it says in the FAQ in your link:

Do the charities get all of the 30p from my pound?
30p in a £ does go directly to the charities or 30% of the final sales. The first two draws raised over £292,000 for participating charities. This compares with only 5.6p in the £ from the National Lottery.

paulhgc

ive stopped playing until they show how many winners ect ect but they refuse to do this