Market Discussions

I am finally ready to build a dream I've had for a long time, an open, fair progressive lottery system similar to that of the popular Powerball and Mega Millions games here in the USA.

For the low entry fee of 1 million isk, you have the opportunity to win one of many prizes, up to a guaranteed jackpot of 1.5 billion, or the current market value of 1 PLEX, whichever is higher! Based on the law of averages, 91% of all money collected will be given right back to the players in the form of prizes, with a 9% margin going to myself and the rest of my investors. 1 in every 17 tickets sold will at least double their investment.

Drawings will be held every Thursday via a YouTube Live Stream using Random.Org at or around 00:00 Eve Time unless otherwise notified. While I need to get a couple of these under my belt before committing, I'd like to hold a drawing every week.

Half of the revenue generated by every ticket purchase goes into our specific Jack Pot Fund Wallet, increasing the grand prize with every ticket sold.

JaquePot players should send ticket requests by "Giving Money" to my corporation, Jaque Pot Holdings in increments of 1 million isk. If you don't provide a comma-separated list of numbers you want to draw in the "reason", we'll issue some randomly-generated ticket numbers. Either way, we will confirm your entry as soon as we are able via an in-game mail.

4 "Black Balls" are pulled from a pool of 1-50
1 "Gold Ball" is pulled from a separate pool of 1-30
The order of the pull does not matter at all

Here's the full payout schedule.
Jackpot Prize - 1:6,909,000 - 4B 1G
1bn - 1:238,241 - 4B 0G
750mil - 1:37,549 - 3B 1G
100mil - 1:1,113 - 2B 1G
50mil - 1:1,295 - 3B 0G
10mil - 1:114 - 1B 1G
5mil - 1:42 - 0B 1G
2mil - 1:38 - 2B 0G
Overall Odds of Winning: 1:17
Prize Money Awarded 91% of Sales


For investment information, I have started the website http://corporate.jaquepot.com, which will publicly display sales, profitability, dividend, and ownership information, as well as serve as a stock market for the corp. Our exact operating procedures can be found at http://corporate.jaquepot.com/bylaws

We are hoping to raise enough with our Stock IPO to fund 10 full minimum Jackpots by selling 1,500 shares at 10 million ISK each. I expect a minimum Earnings Per Share of 30 isk per ticket sold, plus some additional revenue from corporate tax.

Shares can be purchased by sending an in-game mail to my Alt character "Jaque Pot" to discuss details of the transaction.

If anyone has questions or comments, please feel free to reply in this thread, or message me directly in game. I hope the EVE Online community can get as excited about this as I am.

Here we have yet another one - go get him bois.

After thorough auditing of your YouTube account, I have come to the conclusion that this might actually be a legitimate venture.

I found that your Favorites list contains:

• Nerd video about designing Excel macros
• Numberphile
• Cat laser bowling
• Michael Jackson

I rate you 4.5 / 5 on the Meme Match Worthiness Scale.

Furthermore, your Twitter account has activity dating back to 2012, over 200 followers, and proof that you are indeed the owner of the account and the YouTube channel.

I have one concern though. You appear to be a wrestling fan. I'm not sure how I feel about that. Granted, I say this as a former wrestling fan. This particular fact does not help your case.

Overall, though, this does look like it could be a real thing. You have invested a lot of time and effort. I wish you the best of luck!

Hey, do what makes you happy! I'm not sure why I stopped being a fan. It just happened. Funny story though.. I read an article that advised setting up a Google Alert for your name, so you can be more aware of your digital presence. I discovered that I share a name with some amateur wrestler guy who films these dramatic championship matches out in the woods somewhere. It's hilarious. xD

I like this and I shall possiby send you some money. I (of course) have also considered starting a lottery, so no matter how this goes, I could probably learn something.

Now some questions:

- why did you decide on a model of unlimited ticket sales? This can swing both ways, so if too few tickets are sold, you will build a massive deficit. If too many are sold, ticket holders will feel deceived of winning chances.

- how did you calculate that the expected dividends are 30 ISK per ticket sold?

- who are the current board members?

Do what everyone else does, start a livestream in game and run a lotto from an ingame chat. Takes a few weeks to gain trust and a client base. But i run one a few years back and it raked in billions of isk and payd out billions. Was fun i must admit.

In terms of my profitability, the margin is the same either way... No matter how many tickets I sell, I should average a pretty consistent margin. The more money entered into the lotto system, the higher the JackPot will get, but my average percentage of margin will stay the same.

Just like the aforementioned Powerball and Mega Millions, ehe same set of ticket numbers can be played by multiple players.

Being a lotto rather than a raffle, there is no guaranteed winner in any drawing... I could sell 10 tickets that all split a jackpot level payout, or I could sell a billion tickets that didn't get lucky at all... It really is a fair deal from all angles.



Thanks to the post below from virm pasuul, I'm going to need to re-evaluate once I double-check my maths... The number was derived from:

(Ticket Price * Assumed Margin) / Shares

Ticket Price:1,000,000
Assumed Margin:.09
Shares: 3,000


As of right now, it's just me... If this takes off to the point where I do decide to build a website to handle some of the bookkeeping for me, my friends that help with programming, or help me with all the fund transfers, will be given shares out of my pocket as compensation for their contribution.

One such POTENTIAL contributor, Clara Xavier, was already gifted 100 shares simply for introducing me to Eve Online and being way too patient and generous with me when I was starting (and still today). So while I'm the only board member, I will not be a 50%+ owner after the IPO shares sell.

Actually, I responded too soon. Your math doesn't take into account the possibility of someone winning multiple prizes but not being paid out for the Lesser prizes. I will reevaluate my formulas this evening and update appropriately. At work for the next few hours.

If I were you, I would remove your rl information. I haven¨t looked on your links so not sure how much info the contain, but if any personal things, then plz remove

Working on my recalculations now... See http://www.durangobill.com/PowerballOdds.html for an explanation of the calculation methods I'll be using.