Reply to post: Re: Oh pull the other one

National Lottery Sentry MBA hacker given nine months in jail after swiping just £5

JetSetJim Silver badge

Re: Oh pull the other one

> I don't see how it's a scam. You can call it a tax on the ignorant or preying on the weak but it delivers large prizes at very high odds, or very low prizes at low odds.

If I place a £1 bet with odds of 14m:1, I'd prefer to get £14m in winnings if it paid off (or at least close to it if I discounted the charitable bit)

> I do play the lottery, I know the chance of being hit by an asteroid is higher, but it's a bit of fun and things I could do with the ticket money wouldn't be terribly significant.

You may well find it a bit of fun, but it's the poorest, generally, who spend the most on lottery tickets, yet their communities are overlooked in lottery projects

https://www.telegraph.co.uk/news/uknews/5911581/National-Lottery-is-tax-on-the-poor.html

https://www.lottoland.co.uk/magazine/lottery-demographics.html

https://www.bloomberg.com/news/articles/2018-09-12/the-poorest-americans-risk-the-most-in-hopes-of-striking-it-rich

Pretty much all gambling is a scam to shift money from the punter to the pocket of the betting shop

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon

SUBSCRIBE TO OUR WEEKLY TECH NEWSLETTER

Biting the hand that feeds IT © 1998–2020