Re: Critique this internet business idea: pooled lottery tickets
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Why would anyone want to use this? People don't play the lottery to increase their chances of winning $1000, they play it to win millions.
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In theory, you are right, but there are a lot of really stupid people. In my office, there is a large group of people who pool tickets every week for the lottery. They might be doing this for the comradery of being part of the group or because they would prefer a higher chance at a somewhat smaller (but still much larger than $1000) prize, but I actually think they might be doing it because they think they are getting some sort of "deal". I am out for a few days, but I am going to ask them when I get back.
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There's a huge difference between splitting w/ 10 (or 50) people to increase your chances at millions and splitting w/ thousands of people to increase your chances at winning a small amount.
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