Ultimate Lotologist is a trading scheme for trading instant win lottery scratch cards with other members.
What does the product offer?
Ultimate Lotologist is marketed as a trading scheme for lottery scratch cards as memorabilia but actually seems to be more of a pyramid scheme that involves lottery tickets rather than exchanging cash. As I describe the layout of Ultimate Lotologist below this statement will make more sense. Ultimate Lotologist operates on 5 tiers for £1, £2, £3, £5 and £10 lottery tickets.
How does the product work?
When you sign up to for Ultimate Lotologist you have to buy 4 different people scratch cards and send them out. You then recruit new members to Ultimate Lotologist who do the same. Any members that your initial recruit recruits will then buy you a scratch card, as will their recruits etc. with a downline of 4 people from your original recruit. Essentially Ultimate Lotologist only pays off when people are recruited to the scheme. Despite being advertised as a memorabilia exchange much of what Ultimate Lotologist advertise is using the scratch cards that you receive from recruits to profit by scratching them off.
What is the initial investment?
The only initial outlay is buying 4 tickets in the tier of your choice. This means that the sart up costs are anywhere between £4 and £40.
What is the rate of return?
If you recruit 5 members who recruit 5 members on all 5 tiers etc. by the time you get to your 5th downline you should be guaranteed a profit of £23,530.
Ultimate Lotologist is very clearly flawed if you assess the product rationally. Even if it weren’t as flawed as it is, there is still the reality that in order to achieve the final profit you would have to scratch off a total of 19,500 lottery tickets and then cash them. I compared Ultimate Lotologist to a pyramid scheme that uses lottery tickets rather than cash and a huge part of this is that eventually, Ultimate Lotologist will become unsustainable. This is a highly flawed method and the amount of time it would take you to even get on the list to get lottery tickets back seems like it could be lengthy.
I see nothing about Ultimate Lotologist that is worth recommending and would advise avoiding this.