What if someone from my place also has myLot account? (same IP address)

My understanding is that when we share IP addresses that we need to fill out the affiliated form in the preference tab to assure that we are not looked at as having the multiple accounts. When I read this in the link: http://www.mylot.com/nr/editaffiliations.aspx "I am affiliated to the following username(s) and use the same computer and/or internet access for myLot.com. " Kind of tells me it is best to complete the form, however if we are unaware who the person is that is using the same IP it can be a bit tricky. So if I was facing this situation, I would probably ask admin directly. Because I read this in the FAQ section: "Your accounts will be closely monitored due to the potential for abuse." Kind of tells me that quite possibly I could put my account at risk. My recommendation would be to ask admin because they are the ones who can make the decision. Hope this helps.

Don't worry about that, as long as you have a different PayPal account, same IP is not a condition for Mylot Admin to close your account.

Many hundreds or even thousands of people share the same IP address. That is why there isn't enough to go round, for each person to have their own individual address, and IPv4 or to be upgraded to IPv6. Any site that enforces this same IP policy clearly has no understanding of how the Internet works.