Camelot: Damn Cheek to make more profit

[Arthurgray50@blu]

http://news.sky.com/story/1149621/na...e-doubles-to-2

They have lost me as a customer, all this is, is to make Camelot more money.

If Camelot gave more of this money to more charity causes, instead of giving money for the Olympics. Then l think you would get more customers.

If other companies can maintain the £1.00 ticket, such as the Health Lottery and the guy who runs it states he won't increase it, and gives more money to charity, then why can't Camelot.

All this is, is to make Camelot more profit, as people are losing interest and there are now several other companies biting at the cherry.

Yes, how dare they increase prices for the first time ever in their 20 years existence, the profiteering gits.

[Gary L]

It's no longer what it was now. it's purely for profit.

the maths are, if you bought 1 a week you'd feel that £2 is a lot more than £1 so you don't buy one at all.

if you bought 2 a week, you'll feel ripped off that you can now only get 1. so you don't buy one at all.

if you spend say £5 a week. then you may just only spend £4 a week now instead. and have 3 less chances of winning. which will make you see that you're 3 less chances down and may give up completely.

if the whole point was to make people spend less on lottery tickets. resulting in less money in Camelots pockets, then it would have the desired effect.

with all this other gambling taking the country by storm lately. you might think that Camelot is doing what corner shops do. and that is due to loss of customers and income. they put the prices up for the other shoppers to make up the short fall.

---------- Post added at 10:38 ---------- Previous post was at 10:37 ----------

Originally Posted by Chris

Yes, how dare they increase prices for the first time ever in their 20 years existence, the profiteering gits.

[nomadking]

IIRC They only take a %age of the ticket price to cover all costs. Most of it goes into the prize fund and the fund for "good causes". Increasing the ticket price by £1 doesn't magically increase their profit by £1 per ticket.

I just cut out Wednesdays draw

[denphone]

We always have one ticket and that will remain the same.

Originally Posted by Arthurgray50@blu

http://news.sky.com/story/1149621/na...e-doubles-to-2

They have lost me as a customer, all this is, is to make Camelot more money.

If Camelot gave more of this money to more charity causes, instead of giving money for the Olympics. Then l think you would get more customers.

If other companies can maintain the £1.00 ticket, such as the Health Lottery and the guy who runs it states he won't increase it, and gives more money to charity, then why can't Camelot.

All this is, is to make Camelot more profit, as people are losing interest and there are now several other companies biting at the cherry.

£30 billion donated to good causes,a major donator to London 2012 (saving the tax payer millions ) and as for the profits it makes

Camelot's profit after tax is dependent on its performance, and was less than 1% of total revenue for the year.

http://www.national-lottery.co.uk/pl...emoneygoes.ftl

Another unfounded rant from Arthur.

[Gary L]

Originally Posted by martyh

£30 billion donated to good causes,a major donator to London 2012 (saving the tax payer millions ) and as for the profits it makes

So is there any logical reason why the price of tickets 'has' to double?

Lottery tax is 12%. is the thinking that this will effectively become 24%

not when you do the maths it won't.
after you've done the maths it may actually decrease.

Originally Posted by Gary L

So is there any logical reason why the price of tickets 'has' to double?

to increase the prize fund ,don't forget that the prizes are changing and don't forget that the company still has to make a decent profit and why shouldn't they ?

[Taf]

Those that only ever had a £1 flutter will now be obliged to double their bet, so income should increase.

I have never taken part in the lottery or the scratch cards, so it doesn't bother me.

[SnoopZ]

I have spent £2 a week on the Saturday draw since 1994 using the same numbers, when i heard about the price increase a few months ago i stopped the Saturday draw and bought 1 Friday night Euro lottery ticket for £2 which is better value and i have had more wins from it so far.

I've never bought a lottery ticket or a scratchcard. I've never been in any syndicate I was invited to. I did win a lotto ticket in an office competition once. The numbers didn't come up.

By my calculation, I've saved myself £1 for every week the Saturday night draw has existed, compared to any of my several acquaintances who buy one ticket a week. I reckon I'm about £1,000 up, minus any occasional £10 wins.

[SnoopZ]

If you're not in it we can't dream about winning it so i play it.

Some people spend shed loads of cash on smoking and booze so i don't mind spending £2 a week in the hope of winning something.

My biggest lottery in is £968 on 1 ticket.

[Gary L]

Originally Posted by Chris

By my calculation, I've saved myself £1 for every week the Saturday night draw has existed, compared to any of my several acquaintances who buy one ticket a week. I reckon I'm about £1,000 up, minus any occasional £10 wins.

You're actually £4.8 million pound down.
you were supposed to have won the July 2011 jackpot. but you never bought the ticket.

We buy one ticket when it's a big jackpot but that's it so not really going to notice this much.