Ultimate Lotologist markets itself as a memorabilia trading site for lottery scratch cards within the UK although this seems to be nothing more than a crude cover.
What is the product?
Ultimate Lotologist is a very dubious product in my opinion. The creator of Ultimate Lotologist starts by talking about memorabilia and the commercial call for this before ultimately fixating on lottery tickets as memorabilia, more specifically scratch cards. The notion of limited runs etc. is touched upon before the whole thing take a shift towards the financial with Ultimate Lotologist claiming that this represents a chance to get in on a great thing and make lots of money. Ultimate Lotologist achieves this by using a suspiciously similar setup to a pyramid scheme. The big difference is that there is no cash changing hands, rather “memorabilia” in the form of scratch cards. Scratch cards that you send unscratched allowing your recipient to play. You start getting your scratch cards from further down your downline ultimately having the potential to receive scratch cards from 4 levels down from you (but never the person that you induct into Ultimate Lotologist). You can opt to be part of a group trading lottery tickets at anywhere from £1 – £10.
What is the investment vs. the rate of return?
Technically your initial investment is 4 lottery tickets so this could be anywhere from £4-£40 depending on the ticket you go for. In terms of your earnings, Ultimate Lotologist allege that if each person under you recruits 5 people you can make a profit of £23,530 although this seems like a stretch.
Does the product provide value for money?
I don’t believe that Ultimate Lotologist does provide value for money.
The whole set up for Ultimate Lotologist is simply too questionable for me to consider recommending. Aside from the fact that Ultimate Lotologist will ultimately collapse on itself, I simply don’t see the whole thing being appealing enough that you will see nearly enough recruits to ever make anywhere near the advertised profits. I cannot recommend enough that you stay away from Ultimate Lotologist .