Let's go loopy (loopylotto.com)

Member Name: bailey_kipper_uk

Product:	loopylotto.com
Date:	16/07/08 (139 review reads)
Rating:

Advantages: Free lottery

Disadvantages: Can't actually win a million

Ok, this is the last of my 4 lotto site reviews, and again it's another one that hasn't had a review for quite some time. Loopy lotto is a fairly quick one to play. You get one entry each day so there's not a lot to do, but you do have to enter a code.

What can you win?
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Important things first...
You can win £1,000,000 for getting all 6 numbers and the bonus number correct. Woo hoo!
For 4 or more main numbers only you get a tenner... I've done this once. Even worse is that these prizes expire after 2 years (read more later)
For 3 numbers you win 40 Eurmiles, rubbish. If you have an account the miles are automatically added, if not then you'll need to join, if you want to.


Who runs it?
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The site is run by a company called Gocarbonfree Ltd. I thought this was some kink of gimmick at first, but it's actually a company that cares about climate change. The company's main thing seems to be their gocarbonfree.com website where the idea is that you buy things at shops accessed through their portal and you earn personal carbon credits that you can offset against you flights and car journies. The company has shareholders but apparantly they don't take any dividends, instead the money is invested into eco projects.

How do I enter
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You need to select 6 numbers and a bonus number. You have the option of selecting them manually, randomly or using your favourite (lucky) numbers. The numbers are in the range of 1-49. You can only enter once each day unless the gocarbonfree company have given you some free entries. You are allowed up to 3 registrations per household, but only 1 per person.

You also of course need to click on an ad, but before that you need to enter a code. This code can be found on advertising you can get sent, or if you don't want the advertising you can click on a link on the confirmation page and find out the code then. I do this 2nd way as I then limit any spam coming into my account, which by the way I have 2 email accounts. One for lotteries and other things where spam could be likely, and the other for more sensible pastimes. I have definitely found this works.

Also you need to input your email address to enter, but then make sure you go back and complete you FULL profile else you may not qualify for prizes.

Have you won?
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The draw is made each day at midnight GMT, an hour later than Bananalotto and Lucky Surf, so make sure you do those first. Unlike me who often forgets. If you win you agree to have your name plastered over the site and the press and probably passed to 3rd parties who will try and sell you stuff.

So what have I won
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Well over the years (not very religiously playing until the past 3-4 months) I've won £11. Yep, that's it. You can't even claim it until you have £20. Is it worth it. Yes. You can win £1,000,000. I'm going to keep trying, it's free. Now the small print...

Small Print
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I've left this until the end intentionally.

Grand Prize - If you win the Grand Prize but don't respond, with Identification of who they are, within 7 days you will be disqualified.

2nd Prize - If you haven't earnt £20 within 2 years of winning your first prize you will lose any prizes that are older than 2 years, GAH! It's so unfair.

3rd Prize - The Eurmiles site is www.Eurmiles.com. You need 25,000 miles for a free flight and your miles start expiring after 3 years. You do get 8,000 miles when you join, but 40 miles every so often isn't going to get you to 25,000 very quickly.

The last thing I probably should mention (you'll really like this bit!!!) is that you don't win the £1,000,000 in one go. You get it over 40 years!!! £25,000 a year. NO INTEREST is paid, and you could also have to share it if someone else wins on the same day.

THIS IS THE BEST PART

So unless I've badly mucked up my maths, this is how it goes. Assuming 5% inflation you will earn the equivalent of less than £450,000 over the 40 years. In fact in year 40 you will earn the equivalent of £3,382. Yes you will get £25,000 but it will only be worth just over £3,000 given how much items will be worth in the future. Bread £8 a loaf, £2.35 for a pack of hula hoops, and a pint of lager (assuming £3 a pint now) will be just over £20. If you're interested in the actual figures I've listed them below. Also, this of course assumes your money is safe if anything happens to the company.

Enjoy!

Year 1 £25,000.00
Year 2 £23,750.00
Year 3 £22,562.50
Year 4 £21,434.38
Year 5 £20,362.66
Year 6 £19,344.52
Year 7 £18,377.30
Year 8 £17,458.43
Year 9 £16,585.51
Year 10 £15,756.24
Year 11 £14,968.42
Year 12 £14,220.00
Year 13 £13,509.00
Year 14 £12,833.55
Year 15 £12,191.87
Year 16 £11,582.28
Year 17 £11,003.17
Year 18 £10,453.01
Year 19 £9,930.36
Year 20 £9,433.84
Year 21 £8,962.15
Year 22 £8,514.04
Year 23 £8,088.34
Year 24 £7,683.92
Year 25 £7,299.73
Year 26 £6,934.74
Year 27 £6,588.00
Year 28 £6,258.60
Year 29 £5,945.67
Year 30 £5,648.39
Year 31 £5,365.97
Year 32 £5,097.67
Year 33 £4,842.79
Year 34 £4,600.65
Year 35 £4,370.62
Year 36 £4,152.08
Year 37 £3,944.48
Year 38 £3,747.26
Year 39 £3,559.89
Year 40 £3,381.90

Summary: Look good on paper, but is a bit rubbish.