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COS Lottery; Round 3 (Tickets being sold June 1st!)
Topic Started: May 25 2007, 07:26 PM (665 Views)
Beaverboy40
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oh, ok.
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Gardensboy14
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I'll buy 25 tickets. So that is 125k.
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Dark Blad368
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When will the lottery be drawn? If not within a week i might buy some more, ive bought 10 already
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Gardensboy14
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Icie Juicy
 
Tickets will continue to be sold until the pot reaches 1M (max pot) or until July 1st. Then the winner will be announced with a new video posted.


It will be drawn when it reaches 1 million total or if it reach that, it will be drawn July 1st.
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rey thomas
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i want to buy 5 tickets ......
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Icie Juicy
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I'm on line quite a bit now so if you see me on remind me that you want to buy some tickets and we can take care of it.

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Gardensboy14
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When are you going to update the first post?
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Icie Juicy
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As you can see the pot is now at 350k. So it's a little more of an incentive to buy them now.

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Gardensboy14
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Icie Juicy
Jun 19 2007, 08:55 PM
As you can see the pot is now at 350k. So it's a little more of an incentive to buy them now.

This guy can't do math.

120*5000=600,000.
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Icie Juicy
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The system for the COS Lottery was based on a 50%-45%-5% set up. That meant that:

50% Went into the Pot
45% Went into the Clan Bank
5% Went into the Pot for the next round

This program was originally set up to help fund the Clan Bank, but since it's doing so well I changed the pot system. It's now a 75%-25% set up.

The pot will start out at 100k (provided by the Clan Bank).
75% Goes into the Pot
25% Goes into the Clan Bank

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Gardensboy14
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Well, if you do the math:

600,000*.25=150,000

600,000-125,000=475,000.

So, you are still off.
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Icie Juicy
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By those calculations I would be, but there was 25k from the last round of lottery that was used to start this round off.

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Gardensboy14
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Well, I did not know this, so I could not calculate that into my equation. Thank you for clearing that up.
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Karma P1nk
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Geez......*Nerds*
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faja3168
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ill buy 4 tickets
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