This is a LotteryMaster guide to lottery syndicate
What is a lottery syndicate?
A lottery syndicate is a group of people or team with the same mindset and vision who forms alliance with the sole interest of contributing money to buy ticket with a joint account. With a team of players you can pool your money to buy a bigger entry, which could increase your chance of winning. If your Syndicate wins, the prizes are shared amongst all team members!
A syndicate group is usually made up of friends, family, relatives, or even office colleagues, classmates. Lottery syndicates are known to significantly improve the chances of winning a lottery while still allowing players to play within a set budget.
In syndicates, everyone contributes money and tickets are bought in bulk there by reducing the risk of losing out entirely. It has been proven to be a workable system of managing risk and enhance winning.
The cost of playing your game alongside your syndicate group is drastically low because the money is contributed by a whole lot of people.
How lottery syndicates work
Lottery syndicates have been around for centuries. People formed syndicates among co-workers, families members and friends in order to boost their chances of hitting the jackpot and coming into a huge fortune to change their lives for good.
Now you can form syndicates with people from all over the world to play almost any major lottery across 6 continents (Antarctica hasn’t reached that level of development just yet).
Forming larger syndicates increases your chance of hitting the lottery jackpot significantly.
Benefits of joining a syndicate group
• It drastically reduces cost so you don't have to spend much to win
• It includes all relevant raffle draws and Lucky dip tickets. This is a great deal!
• It multiplies the value of your money and reduces risk.
• Assuming you are in a syndicate group of more than fifty people. This will give you more draws entries.
• You are assured of more regular big money games.
• It avails you an opportunity for multiple entries and games.
• It brings huge increase in your chances of hitting a jackpot.
• Most of the time you don't have to labor or think too much becomes of the mass ideas that has been accumulated by different experiences of individuals in your syndicate group.
How to form a syndicate group
Find people who are interested in forming alliance with you it could be from your family members, friends and colleague and make sure they understand that they have a higher chance of winning in a syndicate compare to playing alone.
Think of it this way: if you have 1 or 2 tickets, the odds of you winning the jackpot is slim to none. But if you have, say, around 10, 20, or more, then your chances significantly increase.
What happens if your syndicate group wins?
Syndicates are typically designed so that if you buy more tickets, your share of the prize also increases.
How much you win depends on the shares each person contributed to the syndicate.
That's why winning in syndicates is often seen as a double-edged sword. On one hand, winning is much easier compared to solo play games. On the other, this means that you won't get the full prize to yourself.
For example, if the prize is $500 and you have 20 people in your group, you stand to win $25 each if the shares are equal.
The good news is that you can do something to increase your share of the prize - buy more tickets!
Guess what? Syndicate tickets are usually more affordable than regular lottery games.
Online vs Offline play
Offline games is not entirely bad, but it is widely advised not to play offline. There’s nothing inherently wrong with it; you just have to be sure that the people you play with can be trusted or you may stand a chance of losing your money. Thus, make proper enquiry before investing offline.
For example, in October of 2014, a man named Gary Baron kept his syndicate group's $16.6 million prize for himself. This led to a two-year fight between him and his syndicate group.
When you play syndicates online, however, the chances of something like this happening are slim to none.
Online lottery sites have systems in place to ensure that each player gets their fair share of the prize. More than that, playing online also means that you can access lottery games that you normally don’t get to play. It’s a win-win situation, no matter how you slice it.
Is syndicate game worth venturing into?
Absolutely Yes. Although the prizes you get won’t always match what solo play offers, you do get better chances of winning. Also, you can always buy more lines to increase your share of the prize.
It’s also worth noting that syndicate shares are usually more affordable than regular lottery games. If you don’t mind sharing the prize with other people, you should definitely try your hand at group play games
Best of luck!