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SFN Lottery syndicate

Is this a good idea?

Or would it be a complete nightmare?

Thanks

j

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Permalink Reply by Elizabeth Smith on August 25, 2011 at 13:32
Probably would be a nightmare but still think worth doing. Would you be administrator? % of winnings to SFN. Am up for doing it as any chance of replenishing the pot is a good thing.

AdminPermalink Reply by James Higginson on August 25, 2011 at 13:47
I haven't given it much thought yet, if we get enough interest on this thread then I would be happy to look into it.
Permalink Reply by Suzanne Fitzgerald on August 26, 2011 at 10:45
How about SFN take an admin % for running the syndicate - I think 25% of total participation would be ok? Would we be talking weekly or monthly? Would everyone pay the same amount to keep it simple?
Permalink Reply by Stuart Wilson on August 26, 2011 at 10:54
25%!!! of what? What if there are 20 people? Does that mean they share only 75% of prize. Sorry to be a pain, but (it's the Scottish grandmother in me), for that reason.............I'm out. Or if it's the amount put in, that reduces the chances of winning by, wait a minute...........25%
Permalink Reply by Suzanne Fitzgerald on August 26, 2011 at 11:07
yes but in the spirit of partaking & funding SFN at the same time surely you wouldn't begrudge 25% of money in/out to our founders? - stop being a Bannatyne!
Permalink Reply by Stuart Wilson on August 26, 2011 at 11:12
Don't know what one is? I am more than willing to fund SFN but not at 25% of winnings.
Permalink Reply by Suzanne Fitzgerald on August 26, 2011 at 11:32
ok what percentage do you think is acceptable? A sliding scale might work if it's announced upfront based on no of members but could be a pain to administer if people drop out...
Permalink Reply by Stuart Wilson on August 26, 2011 at 11:15
If you are going to compare me to a dragon, at least use Peter Jones. It was my gran who was scottish. I'm just mean :D
Permalink Reply by Stuart Wilson on August 26, 2011 at 11:16
And broke.
Permalink Reply by Suzanne Fitzgerald on August 26, 2011 at 11:22
ah he's too young though :)
At least I didn't call you Hilary - now she fits the 'Dragon' bill appropriately! Not Scottish though - what is going on with those shoulder pads?

I'm currently flogging almost anything that hasn't been used in the last 12m on ebay UK to raise funds for windows (well that's what I'm telling the hubby but actually I think I might have bought more in kids clothes than what I've made so far....oh dear)

Lottery seems only way we might make enough money to renovate our rat house!
Permalink Reply by Elizabeth Smith on August 26, 2011 at 11:17
Would 10% of winnings be too mean?
Permalink Reply by Stuart Wilson on August 26, 2011 at 11:22
It all depends on how many people want to take part. The more people the lower the percentage.

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