Market Poll
Day 2,544, 08:26
•
Published in Ireland 
•
by
•
by Sweet Drinker
Would you buy a 1,000cc ticket to a 1 million cc raffle that had 1,005 to 1 odds?
What is this?
You are reading an article written by a citizen of eRepublik, an immersive multiplayer strategy game based on real life countries. Create your own character and help your country achieve its glory while establishing yourself as a war hero, renowned publisher or finance guru.
Facebook
Twitter
Discord
Comments
Yes
No...
This isn't a bad idea, but I don't have the cash to spend on it personally, and I'm already not a betting man, except for when its to support a project etc, and there's really no expectation of winning.
Only if there was an arb involved
At 1st I thought you meant ian ARBuckle,
Then I looked it up!
Do you mean Administrative Review Board?
I was thinking it was something a well respected bank might run
Nope, it's a reference to a betting approach where you back at one price and lay at a lesser one for a guaranteed profit.
I'm not opening a Ladbrokes...
An arb involved is always a good thing 😉
arbs are the only way to beat the bookies, pity they just ban the fuck out of your account when they suspect you of doing it.
Yep
yes
Scam alert...
What happened Sweet?
Irish vault can handle to feed all of you leaches?
Yes
No - another avoidable tax.
I don't think you'll find enough active people playing the game anymore to sell that many.
sure can you borrow me the money i will repay after i win the lottery
No
Math. My archenemy.
not viable
Almost 100k active accounts in erep, need only +1% of total population.
27k voters this election, need And we haven't factored in the fact that ppl can buy multiple tickets.
maybe but find the first 100-200 to bet 1000cc and we'll talk ..
yes
several
No
Well I'm in Colby's boat so I'll just ask you if it's a good idea and if you'd do it yourself Sweet. XD
Are you saying that you are limiting this to 1,005 investments of 1,000 cc each and then giving 1,000,000 to the winner? If you are then it is a lot of effort to go to to make the eIrish Government bank just 5,000 cc.
Aside from a lot of effort for not much return, there is at least one other issue to consider. To sell 1,005 tickets you would have to sell most of them outside eIreland. If an eIrish Citizen won this might create negative feeling towards our Government from the people of all of the other countries that took part.
While I might consider taking part in a lottery in RL that had these odds I think it is not really worth it for our Government to run this.
In a lottery there is no guaranteed winner, and no guarantee of you won't have to split the pot. Ppl would get really suspicious of that. There is also the risk the sales won't cover the investment.
In a raffle somebody is guaranteed to win. Guaranteed 1m prize. Bank's investment is guaranteed too.
Profit isn't the objective of this, so much as publicity. That is why the ticket pool is so small. The extra few tickets after 1,000 are just to help pay for advertisement costs.
No , simp, y because the odds are too long .
Now if odds were 100/1 , with 10 winners I would , something like 700k for 1st , 100k for 2nd 50k for 3rd and 4th to 10th scaled or split
I think this would encourage folks who can afford , to buy more than 1 tkt
1000cc is only 4 or 5 gold depending on the exchange rate, its covered by the gold from one super soldier medal, or 50% of a Q1 company, its not like its going to cost anyone an arm and a leg!! and will certainly do more good than harm.
And as sweet says there's more to life in erep than money, and even if we only made 1000cc from it, its still 1000cc more than we had at the start.
1100 to 1 odds wouldn't be much difference - the same number would buy tickets , and the profit for the government would be more reasonable.
Call it the Irish Hospitals Sweepstakes ....
yes do it 10 tickets please...
is RTK holding the money?
even krakken is now a mere street pheasant. he is the fat one that promises to clean your car.
What is a street pheasant?
peasant sorry lol
Don't write off the street pheasant idea so quickly...imagine you had a street pheasant to clean your car, and after it was done you could have a lovely meal by eating it. Cheap labour and tasty too 🙂
This is Ireland, the pheasants would gain minority-culture status. We'd spend 12million euro studying the economic disparity between the pheasant population and Caucasian men. Conclude that the much lower average life-expectancy of pheasants is due to their lower average incomes. They would then embark upon a 15yr program to educate & integrate the pheasant community into the larger community.
After retrofitting existing developments (at greater expense than it would cost to build) to house, and providing financial support for, the pheasant community, and completely failing to reduce poverty or crime rates, they would conclude that it was unethical of us to have tried forcing the pheasants to adopt our cultural archetypes.
10yrs later the pheasants will file a class action lawsuit against the state for emotional trauma and each pheasant family will be award a high 6 figure settlement, along with a generous lifetime financial assistance package for every pheasant either an egg or flightless chick at the time of the resettlement.