What is the advantage of using Social Lotto Pool?
The advantages of using Social Lotto Pool are plenty. First, there are more members contributing to each pool and thus increase odds of winning the jackpot. Second, Based on our 'Social Lotto Pool Advantage' chart we can see the advantages of payouts as compared to playing individually. Suppose the overall odds of winning any prize 1:40, meaning for every 40 tickets $1 is won, thus $80 tickets should expect to win $2. While the overall odds are still the same, instead of the payout being a step function with Social Lotto Pool the payout function becomes more continuous because we can payout smaller denominations. Therefore our Win to Ticket-Entry ratio should remain below the 1:40 as given the in example. Example, our total lottery payout is $134 for 671 tickets processed, thus the entry to win ratio is 1:5, 4x better than 1:40