Lotto Magic Review
Cost to join: $25 – $250
Is Lotto Magic a Scam?
In my opinion it is because it has the same flow as a pyramid scheme. People are smart these days when it comes to creating these types of scams. They will try to “disguise” the pyramid scheme so that it looks like an MLM. The difference between a pyramid scheme and an MLM is that a pyramid scheme does not have any products to promote.
Yeah, I do not think so.
I am not a huge fan of mlm, but there are mlm companies that are not that bad which might make you money. It is a very tight industry, but I know of people that are cashing big with them. Lotto Magic however is does not have any products to promote. All they say is that you will get tickets if you join and that they are keeping your tickets in their fireproof safe (This does not let me feel more secure at all ).
What is Lotto Magic Exactly?
It is a membership program that you can join in order to play the lotto. There are some gimmicks to this, but for you to understand it you need to know about all their membership programs.
There are 2 membership programs that you can join and they are the Player and Captain memberships:
With player membership you cannot refer other people into the system and the only income you will get is from the winnings. You will be put into a pool with 7 other members and you will earn 10% from the total winnings.
There is also 3 levels within the player membership:
- Team Player. It costs $25 per month and you will get 8 tickets in each Florida lotto drawing.
- Power Player. It costs $60 per month and you will get all the benefits of the Team Player level, but with 8 numbers extra in each of the Powerball drawings.
- Mega Player. This level will cost you $120 per month and you get the same benefits as the Team Player and the Power Player, but you will be able to play in Mega Millions and Mega Money too.
This is where the whole scheme comes in and the main reason why so many people join this website. Here you will win 50% instead of only 10% of all winning proceeds. You will earn a large commission from your level 1 commissions and a very small commission from level 2 up to level 5.
They also have 3 levels:
- Team Captain. This membership level costs $50 per month and you will earn $25 for each Team or Power Captain you refer and you earn $2 for each Team or Power captain in your level 2 to 5. You can only participate in the Florida lotto drawings.
- Power Captain. This membership level will cost you $120 per month. For every power captain you enroll, you will earn $60 and $50 for each Team Captain. You will also get $4 for each power captain in levels 2 to 5. You can also participate in the Powerball draws.
- Mega Captain. This is the largest membership level and will cost you $240 per month. As an extra, for each Mega captain you refer, you will earn $120 per month and $8 for each mega captain from levels 2 to 5. You will also be able to play in the Mega Millions and Mega Money.
Why I do not recommend Lotto Magic
I already stated that I am not a big fan of these types of “business models” but let me explain to you why I do not recommend this program.
- Pyramid Scheme. First of all it is because there is no physical product involved which makes it a pyramid scheme. It is so easy nowadays to quickly nail a product together and call it an mlm. Most people do not join Lotto Magic for the lotto part but for the compensation plan and that makes it even less trustworthy.
- Unregulated. I also do not trust this company with my “lotto tickets”. There is also no proof that this website is regulated by a gambling authority.
- Too expensive. Another thing that is a con is that it is very expensive to start with. Paying $250 per month is just unreal and I do not see the value of that.
- Poor training. They do offer a package that will cost you around $9 per month, but I would not even take it for free. Even if Lotto Magic was legit, from where will you learn how to promote it?
Legitimate ways to make money online
There are countless scams and low quality products online and I can understand that most people are afraid to even consider making money from the internet. One of the best ways to make money online is to build a website around your passion and earn money from it.
There are hundreds of affiliate companies out there which you can join and then you will be able to promote their products for them and earn a commission. The bigger your website, the more money it will make and there is no limit to the size of it.
If you have built a website that earns you $3000 per month, you can repeat the whole process by building another website in another niche. There is no limit to the amount of money that you can make with affiliate marketing. Some people hit the $10 000 per month mark in just 2 years, while others take 3 years.
What is your experience with Lotto Magic?