Wednesday, August 08, 2007

Record Winning Streak Continues!

Too bad the multiplier wasn't what it's been in the previous two drawings otherwise we would have won close to $100 tonight - but instead we won $26 because of the wimpy 2x multiplier. However, we had FOUR winning number pick sets - which again cleanly beat the odds if we'd randomly chosen numbers. And congratulations to the pool! We just busted the $1,000 in total winnings over the life of our group. Of course we have nothing to show for it but a heckuva lot of extra number picks buy hey, when we're millionaires in the future? It will be all worth it, right?

Sometimes Math Just STINKS!

I'm not sure whether the spreadsheet just didn't save my previous updates or what - but I found the posted member balance were again out of whack. Fortunately, I was able to reconstruct the record based on my most recent notes from when banked balances were posted (to the far right of your name) and the blog record of when we participated in the draw - then subtract the proper dues to get the ending balance.

For those who think Ole' John might be running a scam here and pocketing the difference - here's the the math involved. We'll use Mrs. Higgins as an example. You'll see that I noted that she banked $35 on June 13th. Since that time we've participated in 7 drawings in that amount of time (including this evening's drawing) and the blog below documents those dates: 6-13, 6-20, 6-27, 7-18, 7-25, 8-1, and 8-8. The previous bank showed Mrs. Higgins had a balance of $5 - which is incorrect - because 7 drawings x $5 a draw is $35 - so all her banked funds were used up as of this evening. To correct the error in the overall balance I went through and deducted another $2 or $5 from everyone's individual balance. Now we are squared away.

Also please note that if you previously had for example a balance of $10 and you were a $5 member - your balance is now zero because I deducted the missing draw AND included you in the next upcoming drawing on the 15th (assuming nobody wins the jackpot this evening or Saturday.) So in essence, your bank is zero - but you are PAID for the next drawing.

If you were a $5 member and had a previous balance of $5, your balance is now zero and you DO NOT have funds posted for the next drawing.

Those who paid on a per draw basis were unaffected since they didn't have a balance to show anyway.

Confused? Not surprised. Try doing the juggling of payments for 20+ members every week!

Sorry about that mistake folks - but inevitably errors will crop up which is why I ask that you guys help keep track of your own individual payments. Overall, though - in the past year and a half - I'd say things have been pretty accurate and well documented here. But if you note any errors, EITHER direction in the future - please bring them to my attention!

Thanks, hang in there with us, and cross your fingers! We're on a record winning streak!

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