No Loss Lottery
The No Loss Lottery is a project on Leofinance by @shortsegments. It sounds like one of those tax on the poor Lotteries which financial experts tell us to avoid. But it is not that type of lottery. In fact it shouldn't be called a Lottery because it isn't. Its really a savings account which gives you the chance to win prizes, so really its a Savings Account where you don't get interest, you get a chance to win a big prize! How cool is that! It could only be cooler if it also paid interest!
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I mean when you look at Savings Accounts they pay 0.25% interest at best today. So why even bother?
For every one dollar you save, you get 0.25 dollars per year!
While inflation of a mere 4% means your money is worth 3.75% less in one year. So why not save your money in a Savings Account with a chance to win big bucks. There is a drawing every Sunday, so you have 52 chances to win!
Did I say you buy one ticket and you are eligible for the drawing to win cash every Sunday?
I forgot, it is a big part of the draw.
So yell at me or whatever makes you feel better.
How much can you win?
Every week first prize is 80-100 Leo, second prize is 40-60 Leo and 3rd prize 20-40 Leo.
Last week first prize was 120 Leo a 120x win for the one Leo ticket!
Plus last Sunday they gave out five prizes!
Crazy Cool!
What are the odds you will win?
It depends on how many tickets you buy.
There are 1900 tickets sold, so one ticket is 1 out of 1900. That seems like a lot, but compare it to Powerball: if you buy one ticket for Powerball in Florida, USA, your odds are 1 in 10 million and your dollar is gone!
Here you can get your dollar back anytime.
I forgot to mention that, so I guess you can scream at me again, cause that was kinda important.
Okay lets review
You pay one Leo per ticket
You can win 100-120 Leo, 50-60 Leo or 25-30 Leo every Sunday.
Thats a chance at a 100x, 50x or 25x per ticket.
You don't have to buy anymore tickets, as long as you leave your money in your eligible for the Sunday drawing. And anytime you want you can get your money back.
Did I forget anything?
I hope not...LOL
No Brainer
I think that is very properly called a No Brainer.
What do you think?
@joefinance
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picture source