Monthly lottery

The Idea
-What we could do is set up a section for a monthly lottery. You could either pay with rsgp or just pay with cash. For each dollar you get a pin or for every mill you get a pin. At the end of the month a generator randomly picks one of the numbers given out to one of the accounts and they win a prize.

-If you made it strictly just rsgp "which would probably be easiest" 1mill=1 pin it's linked to your name so you wouldn't have to keep track of your pin.

How it would benefit sythe?
-Well like a regular lottery since sythe has set the whole thing up/made it possible charge a certain % tax on it. Ex) say 100m is what the lottery is at charge 10% tax on it then that's a free 10m. I believe it would be more then 100m because so many users on this site.

-Not only could it make a boatload of extra gp for sythe to help updates or whatever but would also get the community more involved.

-seems like a pretty basic set up/fun/and profitable all around?

-Also imagine if you hit max cash! Everything over that sythe could keep while still charging a tax on the winnings.

What I would do/start with?
-I think it would be a good idea just starting out with [rsgp] just because it would be easier to deal with and you wouldnt have the complications of exchange rate of real cash to [rsgp]

-Make it so you can only buy 1 pin every month. "just to start"

-As time goes on and how the comunity reacts about it. Instead of just giving [rsgp] Maybe set a limit for ex) say the lottery get this high in rsgp you can win a certian prize of some sort. "Buy the prize with the rsgp".

-Also think 240,000 members! even if you got a fraction of those people buying 1 pin for 1 mill im sure that this could be huge and get up to way over a bill. If your taxing that then sythe could bring in a nice chunk of change.

-Benefit making pins 1m. I think 1m is a nice price because anymore it's easy to make a mill "for most of us" and if you lose 1m its really not a big deal. And if you have people buying pins for 1m at a time then that will add up quick!. Do it over one month profits could be outrageous.

-Thanks for reading. Comment/post please
-Also didn't see this on the "do not suggest list" so hope I'm all in the clear.
-I know its a pretty basic breakdown but pretty basic idea and could be fun/profitable for a lot of people!.

-Please take this serious I'm really looking for serious ideas/comments/concerns. Try not to clutter up thread too much and discourage people from posting because they think their posts will not be read. Thanks

Thanks for all the posts so far! keep them coming more then happy to answer any questions that you have. Please read threw before posting so we don't post up double questions! Thanks

Supporters
1. that tank kid
2. prospider13
3. USA

 

I also agree that it would be a great idea, but there's one major problem. If he starts out with RSGP, how will RSGP benefit Sythe? You can't pay for site upkeep with RSGP, lol.

 

You sell the rsgp. Also maybe do it with real cash. Sythe accepts rsgp with donations so I'm sure they could do something with it. It's just another way that could help them bring in cash and help the community.

Imagine how many people would want to do it! If you had a chance to win 100m + for 1m hell I would do it every month.

I also don't see it a problem hitting max cash with all the members on this site. Everything over "max cash" sythe could keep for itself and still charge a tax on it.

There are flaws but there are flaws with every idea but flaws can be worked out.

 

The only reason the site accepts RSGP is because one member wants RSGP, and is willing to convert the RSGP into cash to give to Matthew. If this was going to happen, there would need to be multiple people that are willing to do this.

 

I don't see this being a problem. All the rsgp that they would make from this they could open up their own goldshop. Now how trusted would that be. Who wouldn't want to buy gold from sythe alone.

There are ways to work this out. It could be very possible.

There could be thousands of dollars that could be made with this idea each month if it took off. I personally think it would be too big of a profit not to give it a look in more detail.

Remember this isn't something that can just happen over night it would take some setting up to do but profits would be amazing.

 

I have seen this implemented on other sites, and I think It's a good idea.

10m tickets.
1 week or, 1B worth sold until the lottery is drawn.

Sythe distributes 80% of Ticket sales as prize money.
Sythe keeps 20%

The problem is to see if their would be people interested in this for it to work at least fortnightly.

 

I'm pretty sure this is allowed so long as you don't make a profit from it and you don't break any laws, but, you must get permission from the staff and be highly trusted.

Edit: Those were the rules when it is real cash your dealing with.

 

-I think there would be a lot of people willing to make this work. There is profit all around.

-I was thinking starting the tickets just a 1m to get people attracted to the whole idea.

-Maybe also have different lotteries where you can buy more expensive tickets or less expensive tickets.

-I think that we all would be surprised to see how well something like this would take off. And Sythe would benefit so much from the taxing or the lottery going over max cash that it would be more then enough to pay people/make profit.

Thanks for the good post!

-See I wouldn't be running it unless the admin/mods of sythe wanted me to be involved.

-I think not a single person should do this but sythe the site in general that's the only way this would work 100%

-I just think not only would it be a great idea for sythe but for the community as well. The payoffs all around would be tremendous.

-I think a mod or admin should run this just because there would be so much rsgp involved that it couldn't be trusted to just anyone.

-About the real money part, If they ever wanted to use that idea it could be possible. But that would probably have to be a totally different lottery.

-About the profit, the only people that should profit from it would be the people that set it up/sythe in general and the people that win. And what would pay for that would be the tax from the lottery which would be more then enough.

-Also was maybe thinking if the lottery got so high that maybe party hats/rares could be bought with the cash and won. Have a poll take a vote on it before it is bought and what not.

thanks for the great suggestions/posts! keep them coming lets get this idea rolling

 

Trying to get Sythe Mega millions and Billions approved, run it just like the real life lottery.

 

And yes, you can bribe FireZ to draw your number.

 

-Exactly it would be fun! Not only would tickets be inexpensive but the pay-off for the winners/sythe would be tremendous.

-That's why I was thinking we make tickets just 1m a piece people would be more willing to buy. Because losing a mill really isn't that big of risk anymore.

-Just imagine this could make the community grow as well. I think there would be more benefits then downfalls from this idea.

-Even if you wanted to put a limit on it to make sure people just aren't joining site for the lottery maybe make it so you have to have 50+ post or something before you can purchase tickets.

-This Idea can go many different ways.

HAha yah yah.

-That's another thing the drawing number part. It would have to be random maybe some sort of bot that all the numbers are put in and just picks one randomly.

-Nate make a good point to we just can have anyone running it that's why it would have to be trusted mods/admins only that could run this. There is way to much money to leave it in just one random persons hands.

-Something like I go to so and so and pay for my ticket they generate a ticket number for me which is automatically put in the macro for selecting the numbers. Or some sort of program. I'm obviously not a script writer haha. I would think it would have to be some sort of program because I really don't think anyone would want to write all those ticket numbers out haha.

-

 

A user with -200 posts could join because there is 0% chance of a scam

 

-Very true. It is almost a flawless idea. It's a win win for the community and sythe.

-I just said post limit because I didn't know if the admin would want people joining site just for the lottery.

 

@skateee

I was gonna say 1m a ticket too, however it would be much too tedious.

Lets say it takes 1 minute to complete 1 ticket order.
Thats 16 hours to just collect them.
Of course you could split the work load, however I think 10m would be more appropriate as it significantly reduces the tedious workload + 10m isn't too unreasonable.

 

-Yah you make a good point. I guess we would have to see over time/testing. That's why I was saying it monthly instead of weekly.

-With a lower ticket price means more people would be willing to buy tickets which would mean a higher chance of profit. When you make it 10m you are kind of limiting who can buy tickets. If you make it 1m then you can get the lower level people involved to.

-If they wanted to they could also do something like high-stakes lottery and normal. Normal would be 1m a ticket and high-stakes would be 10m a ticket and the high stakes could take place weekly because max cash could be accumulated faster. But when it comes down to it comes down to the community that's why I think if it started we should just start it with 1m a ticket.

 

It would be 5m or 10m per ticket

 

-Yah I agree with a 5m ticket. 10 Might be a little high but we would only know from testing.

-I just feel if you make the ticket pricing too high then you will cut a lot of profit off. I think 5m is pretty reasonable. I would say anywhere between 1-5m

-I just feel like if you do 10m only richer people or people that buy mills will mainly be the ticket holders and you want to make it so everyone can do it. But then again Sythe would be making so much gp off this that might help increase gold sales if sythe opened it's own gold shop from this. So the gold made from taxing could be re-circulated by selling it to people who want to buy tickets and what not. Yet again another win/win. Even with 5m this would work.

 

I can only see the minority getting involved in this and unless enough people did, the prize wouldn't be to appealing.

 

I could see the idea working out, would draw more activity to the community plus additional funding.

 

This a great suggestion. I would definitely try my luck at this. Perhaps we could have 3 winners instead of 1 per month?