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15 05, 2024, 04:03:49 am
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[+++] Increasing the risk and the reward of the lottery
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Topic: [+++] Increasing the risk and the reward of the lottery (Read 1730 times)
Ace
State Official
Posts: 785
Forum Lawyer
Registered: 25/12/2020
Ingame: Ace
Squad: Bloodmoon
[+++] Increasing the risk and the reward of the lottery
«
on:
20 10, 2023, 09:09:11 pm »
Currently, lottery tickets are priced at 50k and prizes are in the 3-10 million range depending on how many times the prize has rolled over and how many people got the winning number. I would argue this is quite low stakes tbh. I remember once winning a prize on the lottery for around 4mil and not feeling the slightest bit of tension or joy from the occasion, as it seems too low stakes.
What I am proposing is that buy ins for the lottery are significantly increased by 10x or 20x to either 500k or 1 mil to buy in. The prizes should also be increased by the same proportion (either 10x or 20x). This way it maintains its balance in terms of chances of success but it feels like it actually matters whether you win or lose. I also think people would be far more likely to participate in the lottery if they could be looking at winning 30-100 mil despite the expected winnings over an infinite number of games being the same.
To clarify, I am not suggesting that we change anything about the probability or the risk to reward ratio, I just think that inflating both by 10-20x would make it something players actually care about.
«
Last Edit: 07 11, 2023, 09:45:22 pm by Violet
»
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TheS3b@'
Junior Community Member
Posts: 428
Intocable
Registered: 11/04/2015
Group: eXo | HG | LynX
Ingame: TheS3b@
Squad: Dangerous7
Re: Increasing the risk and the reward of the lottery
«
Reply #1 on:
20 10, 2023, 09:25:37 pm »
In general it is a good suggestion since it is supposed to be a lottery, taking it to real life the prices of the lotteries are much higher, and if it is assumed that if you win you should get more money, totally positive
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tobey
Junior Community Member
Posts: 271
Registered: 08/12/2020
Ingame: Tobey
Re: Increasing the risk and the reward of the lottery
«
Reply #2 on:
21 10, 2023, 04:50:11 am »
50k is nothing so currently buying a lottery ticket is done as a chance to get free money (which isn't too much as well) so I think it's fine to have more risk for a higher prize
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HosttyBoy
Outstanding Community Member
Posts: 2053
Workaholic
Registered: 16/11/2018
Ingame: HosttyBoy
Re: Increasing the risk and the reward of the lottery
«
Reply #3 on:
21 10, 2023, 05:57:08 am »
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DeathWish
Police Chief
Posts: 539
B R U H
Registered: 11/08/2023
Ingame: DeathWish
Squad: Vintage
Re: Increasing the risk and the reward of the lottery
«
Reply #4 on:
21 10, 2023, 09:28:22 am »
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farm
L2 Staff
Posts: 420
Registered: 16/05/2020
Group: KLM
Ingame: farm
Re: Increasing the risk and the reward of the lottery
«
Reply #5 on:
21 10, 2023, 05:37:34 pm »
This would incentivize me more to use the lottery.
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ReDoXx
Guide
Posts: 590
FFH4EVER
Registered: 18/09/2018
Ingame: ReDoXx
Squad: Moroccans_
Re: Increasing the risk and the reward of the lottery
«
Reply #6 on:
21 10, 2023, 07:08:25 pm »
I like your idea, it would definitely make the lottery feel more significant and enticing for players
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Sayuki
Senior Community Member
Posts: 2594
Registered: 14/03/2021
Group: The_ReNeGaDeS
Ingame: Sayuki
Squad: Hold_On
Re: Increasing the risk and the reward of the lottery
«
Reply #7 on:
21 10, 2023, 07:26:25 pm »
Sounds good. More players would part take in the lottery.
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Zeusã…¤
New Community Member
Posts: 25
Registered: 31/07/2016
Group: Virtuality
Ingame: Zeus
Re: Increasing the risk and the reward of the lottery
«
Reply #8 on:
21 10, 2023, 08:34:47 pm »
that will attractive more player to join the lottery
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ValHalla
Criminal Boss
Posts: 794
Cops' Nightmare
Registered: 28/05/2021
Group: Bikers MC
Ingame: ValHalla
Squad: T10 Family
Re: Increasing the risk and the reward of the lottery
«
Reply #9 on:
22 10, 2023, 01:20:10 pm »
good idea
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Sawos
Regular Community Member
Posts: 477
Registered: 30/11/2020
Group: CA
Ingame: Sawos
Squad: xvtt_Agency
Re: Increasing the risk and the reward of the lottery
«
Reply #10 on:
22 10, 2023, 01:44:27 pm »
Higher prizes can attract more players including me to participate in the lottery, potentially resulting in increased player interaction and participation which is a good idea.
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Boles
Original PiRu$ Founder
New Community Member
Posts: 463
Censored..
Registered: 21/02/2012
Group: PiRu$
Ingame: UncleBoles
Squad: PBB
Re: Increasing the risk and the reward of the lottery
«
Reply #11 on:
22 10, 2023, 02:21:36 pm »
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Connor
New Community Member
Posts: 170
Registered: 13/08/2018
Group: Bikers MC
Ingame: Connor
Squad: ClassicCarClub
Re: Increasing the risk and the reward of the lottery
«
Reply #12 on:
22 10, 2023, 02:29:34 pm »
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TwCafe
Honorable
Posts: 3286
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Registered: 18/07/2013
Ingame: TwCafe
Squad: Work
Re: Increasing the risk and the reward of the lottery
«
Reply #13 on:
22 10, 2023, 03:07:30 pm »
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Bondo2a
New Community Member
Posts: 63
Registered: 04/02/2022
Ingame: Bondo2a
Squad: T10
Re: Increasing the risk and the reward of the lottery
«
Reply #14 on:
22 10, 2023, 03:26:52 pm »
Good idea
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[+++] Increasing the risk and the reward of the lottery