- FREQUENCY: Prizes may be paid out Monthly, Half-Yearly or after it reaches a specific value (£25 or £50). You may leave prizes to accumulate and then withdraw them in time for Christmas, Birthdays or Holidays.
- WHEN: Prizes will be paid out as soon as possible after the last draw of each month. Please allow up to 14 days for prizes to be paid out to allow for my own holidays, funds transfers, or other unforeseen eventualities - where possible payments will be made within 24 hours of requests.
- The minimum monthly payment will be £1.00. Smaller amounts will be rolled over.
- If the event of large wins, these may be paid out early if you have selected half-yearly payments.
- METHOD: All prizes will be paid via Bank Transfer.
- Prizes will only be shared between those that have made payments for that month. NO exceptions will be made for anyone that has missed payments for that month.
- BANK DETAILS: It is the responsibility of the members to ensure that they have provided the correct bank details.
- Prizes will be calculated after the final draw of each month.
Prize allocation will be processed as follows:
- Loyalty Bonus: In the event of wins in excess of £1,000 then any losses accrued by currently active members may be offset from winnings before the remaining funds are shared out, to a total value not exceeding 10% of the prize total.
Example: If £11,000 was won then £1,100 would be used for loyalty bonuses, paying off approximately 20% of the total value lost by active members.
- Draw Booster Bonus: £10 from prizes of at least £100 will be used as for additional Lucky Dip Lotto and HotPicks entries for the next available draw.
Winnings from these entries will be backdated to the month of the original draw in the event of membership changes.
- Shares: All members will receive an equal share for every 1p paid, from the remaining prize fund balance.
- Lucky Dip Prize Tickets: Winnings from these entries will be backdated to the month of the original draw in the event of membership changes.
Prize example: EuroMillions HotPicks 3 = £1,500 (standard share would have been approx £45)
Loyalty Bonus Fund = £150 + Draw Booster = £10 + Prize Fund for Sharing = £1,340
£5 membership stake, approx 3% = £40 + share of Loyalty Bonus e.g. 5% £7.50 = Total approx £47.50
Prize example: EuroMillions HotPicks 2 = £100 (standard share would have been approx £3.00
Loyalty Bonus Fund = £0 + Draw Booster = £10 + Prize Fund for Sharing = £90
£5 membership stake, approx 3% = £2.70
Deduction for Loyalty Bonus is currently less than £6,000