Love My Lotto - What do you think? Is it worth playing - or can it be a scam

ga34dery

What do you think about love my lotto .com ?

Is it worth playing? or do you have any warnings?

Browntoa

waste of time

same as this lot

https://forums.moneysavingexpert.com/discussion/2917374

just MLM

don't waste your time

Browntoa

also read this thread


https://forums.moneysavingexpert.com/discussion/407234

my reply in that thread shows how quickly the MLM Pyramid runs out of people in the UK to sign up

Browntoa wrote: »

1. Find 5 people who would like to become members also paying just £5 a week each for their own 88 weekly UK National Lotto entries.
2. YOU PLAY FOR FREE!

In actual fact you receive £1 for each person who becomes a member



this is MLM (Multi Layer Marketing) they are relying on you signing up at least 5 people under you but there are a finite number of time it works

1 x 5 = 5

5 x 5 = 25

5 x 25 =125

625

3125

15625

78125

390,625

1,953,125

9,765,625

48,828,125


as you see , within 11 layers you have used up most of the UK population (if you could get them ALL to sign up)

ga34dery

hi thank you for the replies.

But I am not interested in the business side - I will simply be a customer of them to increase the chance of winnings in lottery. Is it a wise idea to be a member - what do you think of becoming a lottery syndicate member? Does it increase the chances to win some cash or does it complicate the things?

buckyuk

Love My Lotto is not an MLM program. All it is, is a normal product the same as any other product, that has an affiliate program.

99% of all businesses, have an affiliate program, William hill, ladbrokes, the national lottery, all bingo sites.... they all have an affiliate program. Even all big companies have affiliate programs, British gas, B&Q have an affiliate program....

diy.com/diy/jsp/bq/templates/content_lookup.jsp?content=/content/support/services/affiliates/index.jsp

which means that you can refer people to that site, and earn a commission on what they spend on that site.

Your not going to call the national lottery or B&Q an MLM scheme are you????

This is just a simple lottery syndicate product.

Is it worth it? well you need to make up your own mind! yes you get to play in more lottery draws than you could afford to normally if you were playing on your own. But also you have to share winnings if you win, which is the same with any syndicate. I think there are 20 something people in a syndicate.

Ive joined as a gold membership, its good to be able to play all those different lottery draws with one payment so i'll see how it goes...

Johnathon01

[FONT=&quot]Lotto is a very good platform to earn good money, it is really worth playing if you play it in the right and safe way. Luck is not the only thing that is required to win a lottery. It is equally important to have in depth skills and knowledge about how things work in this game, lotto black book provides those resources. [/FONT]

Mrlottofan

Love my lotto. £210 for the group will allow u to buy a fantastic £8 pound worth of ticket in national lottery. With premium bond, check the odds of winning (has anyone heard of anyone winning a million?). After a draw, guess who owns the bond.
Does anyone feel that it is better to win the national lotteryon myown?

Mrlottofan

Correction. They play £8 a week for the group bronze

lvm

Someone who is actually a member may wish to post how many tickets are actually being purchased as the website is not entirely clear however I do want to say this:

KEEP WELL CLEAR AND DO NOT GIVE THESE PEOPLE A PENNY!!! RIP OFF!

I realised this when I got a phonecall last year asking me to join one of these things (there are loads of them - actually I think I should start one considering how much dosh I'd make from it!)

So...each syndicate has 21 people in it including yourself. For the bronze membership you pay £10 a month. So this syndicate has paid £210 in total. This pays for 35 draws or "50 chances" (although it doesn't say what this actually is). Let's just pretend it's 50 tickets being bought - that's £50, right? So where is the other £160 gone? Same with the Silver and Gold membership.

Anyone really wanting to try and win the lottery would be better off setting up their own syndicate of 20/21 people and buy 4 times as many tickets for the same money or just pay £2/£3 a month.

If someone wants to correct me and tell me that the full £210 is actually spent on tickets feel free!

HappyMJ

LOL yes you are right and looking at the GOLD membership 21 people at £34 per month (total £714) gives you in excess of 200 tickets. They normally cost between £1 and £2 so maybe about £300 worth of tickets. So for a £714 investment the company lovemylotto takes more than half for themselves and purchases tickets with the rest.

edit: found the T's and C's... It's a joke out of the £714 they purchase £40 of premium bonds. You can never cash them in but they count each bond as a chance.

As well as

• 1 entry in the £1m Daily Draw* every day (7 different draws) - (free)
• 3 entries in the Tuesday EuroMillions draw - (£2*3=£6)
• 3 entries in the Tuesday Millionaire raffle - (free)
• 10 entries in the Wednesday UK National Lottery Draw - (£1*10=£10)
• 3 entries in the Friday Euromillions draw - (£2*3=£6)
• 3 entries in the Friday Millionaire raffle - (free)
• 10 entries in the Saturday UK National Lottery draw - (£1*10=£10)

PLUS, once a month you have 40 entries in the Premium Bond draw. (free)

They only spend £32 a week on tickets. £128 a month. WOW!!!! What a money spinner.

lvm

HappyMJ wrote: »

LOL yes you are right and looking at the GOLD membership 21 people at £34 per month (total £714) gives you in excess of 200 tickets. They normally cost between £1 and £2 so maybe about £300 worth of tickets. So for a £714 investment the company lovemylotto takes more than half for themselves and purchases tickets with the rest.

edit: found the T's and C's... It's a joke out of the £714 they purchase £40 of premium bonds. You can never cash them in but they count each bond as a chance.

As well as

• 1 entry in the £1m Daily Draw* every day (7 different draws) - (free)
• 3 entries in the Tuesday EuroMillions draw - (£2*3=£6)
• 3 entries in the Tuesday Millionaire raffle - (free)
• 10 entries in the Wednesday UK National Lottery Draw - (£1*10=£10)
• 3 entries in the Friday Euromillions draw - (£2*3=£6)
• 3 entries in the Friday Millionaire raffle - (free)
• 10 entries in the Saturday UK National Lottery draw - (£1*10=£10)

PLUS, once a month you have 40 entries in the Premium Bond draw. (free)

They only spend £32 a week on tickets. £128 a month. WOW!!!! What a money spinner.

Well done for getting the figures!

Now...let's me and you set up a similar company - we'll cut their prices by 10% and split the profits! Lol