Money Moral Dilemma: Should I share winnings from my secret lottery tickets?

tallgirld

Odd thing to do but If you do win it's yours to keep! You paid for the ticket.

happyinflorida

Person_one wrote: »

Yes, but apparently they do indeed come from real people! One even posted last time to respond. I dread to think where they found this person though...

"I dread to think where they found this person though..."

WHAT A DESPICABLE THING TO WRITE - get off your high horse, you aren't a nice person are you

Tom675

Why would you do the numbers again. If you won the jackpot with the syndicate, say £20 million, and it was the only winning ticket, then five of you would get 4m each. If you had done a "second " ticket then each of the tickets would share the 20m, getting 10m each. The syndicate would share 10m where each would get 2m and you with your additional ticket would get 10m plus the 2m from the syndicate....they would be a bit !!!!ed off I think.
Best you just did different numbers and increased your chances of winning, and saves all the potential problems later. IMO.

Cimscate

Tom675 wrote: »

Why would you do the numbers again. If you won the jackpot with the syndicate, say £20 million, and it was the only winning ticket, then five of you would get 4m each. If you had done a "second " ticket then each of the tickets would share the 20m, getting 10m each. The syndicate would share 10m where each would get 2m and you with your additional ticket would get 10m plus the 2m from the syndicate....they would be a bit !!!!ed off I think.
Best you just did different numbers and increased your chances of winning, and saves all the potential problems later. IMO.

My original response was who gives a damn but this excellent answer puts it into perspective - and it is an extraordinary thing to do in my opinion!

smudgepuss

You wouldn't be buying the syndicate tickets twice though, you'd be buying a set of syndicate tickets, and your own set of tickets.

Therefore, if you wanted to give away any wins from your personal tickets, it wouldn't be under a lottery syndicate arrangement, so would subject to any rules governing financial gifts to people (eg anything over £3000 a year subject to IHT if you die within 7 years). The fact that you're also in a syndicate with the same people for the same numbers won't make any difference to the liability for gifts made from the winnings of your personal tickets.

This is leaving aside the obvious issue of why the rest of the syndicate would expect to profit from you taking the risk on your own personal lottery tickets.

Why not avoid the dilemma, and increase your chances of winning something, by just picking a different set of numbers for your personal tickets. And then that way if you somehow lose a jackpot-winning ticket, you won't have to fall out over the 'no, honest, this one's my personal ticket, it's the syndicate ticket I lost' conversation/law suit!

Reaper

I have to agree the simple solution is to pick different numbers yourself, doubling the chances of winning something.

Furthermore to maximise your winnings you want to pick numbers that not too many others have picked. Duplicating your syndicate would instantly cut any big win down in size.

AnneMary

Sounds dodgy and why bother. Actually, that applies to these dilemas too.

alittlemadam

paying for the same set of lines is totally up to you, but either you have more money then sense, if I were doing something like that I would choose different numbers and double my chances, what are to odds of your numbers coming up anyhow, very unlikely.


however if you were to win you would have a full payout of your lines and then a split payout so either way you would be quids in, but if you loose then your out of pocket and how long could you keep it up

cyantist

Maybe the person with this dilemma put the numbers on, then forgot and did it again and now isn't sure whether it's fair that they get 60% of the jackpot instead of 20%, when everyone else in the syndicate is getting 10% instead of 20%.

achilles

The problem I see with this is with the raffle that takes place with every draw with prizes of 20 x £20,000 and 1 x £1,000,000. Whilst you can pick the same lotto numbers the raffle numbers are assigned and are unique. So if 1 set of tickets won something on the raffle, how would you determine whether it was from the tickets that belonged to the syndicate or if it was from your personal ticket? Surely it would be too tempting to claim it as your own ticket that won.