Stuff You Should Know About Lottery Syndicates

Lottery Syndicates

More Luck with Lottery Syndicates

Lottery syndicates are very popular whether it’s a bunch of friends that get together and pool their tickets  or jump in one of the syndicates offered by online lottery providers. The name of the game is increasing the chances of winning by being a part of more tickets without spending more. Let’s look at what a syndicate is.

Lottery Syndicates – What Are They

A syndicate is a group of people that pool their resources and share the risks of a transaction. In the case of lotteries, it means instead of purchasing a single ticket, with the price of a single ticket a player can buy into a group of tickets. Some of these are based on sequential numbering and some simply lets people bring their favorite numbers into the syndicate.

Lottery Syndicates Privately

Remember back in the news in 2011, there were the seven New York winners that won $319 million in the Mega Millions lottery. The article said that they were still deciding on whether to split it with the five unlucky co-workers who had opted out of their private syndicate. They’d been playing as a group for 4 years. Next, what happens if one person doesn’t ante-up their money? Who holds the tickets? Most private syndicates are formed verbally which can cause problems.

Lottery Syndicates Online

That’s one of the reasons syndicates online have become so popular. Most online lottery providers offer a set amount of entries with a specific number of members. The biggest thing is to look at the amount of tickets versus the amount of people that any winnings will be shared.

Wintrillions.com and Syndicates

Wintrillions.com is one amazing site that offers a whole bunch of syndicates including the big jackpots down to EuroMillion Mini (though it’s not that mini!). For US Powerball, they offer a lottery syndicate of 80 tickets for the cost of one with 250 shares.

Power Combo Syndicate

Many of the online lottery providers also offer combinations of some of the big lotteries. The syndicate is packaged to include two or more lotteries. Wintrillions.com offers a mega combo called ‘Power Combo Syndicate’. It combines US Powerball (twice a week) and Mega Millions (twice a week), and Italian SuperEnalotto (three times a week) into a syndicate with 20 entries/70 shares (members). This is serious value for money on chances to win.

Congalotto.com and Syndicates

Congalotto.com offers syndicates for three of the big international jackpots including US Mega Millions with 46 ticket lines/60 members, EuroMillions with 55 ticket lines/100 members and SuperEnaLotto at 86 ticket lines/90 members. They offer this through subscriptions of 1 week (3 draws in a week), 1 month, 3 month and 6 month subscriptions. Feedback on this site, says to make sure you careful what you click as the system automatically selects subscription when purchasing a ticket.

Bigfatlottos.com and Syndicates

Bigfatlottos.com is another place to go for syndicates – that’s all they do. They offer US Powerball at 35 lottery lines/70 shares, Mega Millions at 46 lottery lines/92 shares and EuroMillions at 55 lottery lines/130 shares. It’s a good balance of tickets and shares/members to share in the winnings.

Numbers and Lottery Syndicates

Many of the syndicates offered by lotteries use a sequential number system. They change one number (either the bonus ball or one of the main numbers) in the lines owned by the syndicate.

Lottery Syndicates and Draws

Most lottery syndicates offered by online lottery providers do so in some form of subscriptions either broken down at a weekly or monthly cost. Most of the big jackpots are played twice a week. Weekly means that you are automatically subscribed to your syndicate for two draws a week. Monthly means that you’re subscribed for eight draws.

Complaints and Lottery Syndicates

Winning is great but fighting among friends or co-workers is not great. Most of the complaints on syndicates involve arguments on who actually owns a share. This is complicated by the fact most private lottery syndicates are done verbally and not in writing. Playing an online lottery syndicate provides a safe and secure platform to ensure you own your share.

Lottery Syndicates and the Small Print

But read the small print. Most lottery subscriptions have an automatic renewal policy. Some offer a bonus of a free entry into another lottery syndicate and in the small print is the fact that after the first draw, players will be automatically charged for the renewal. Actually, this is probably one of the biggest complaints on lottery syndicates.

The Bottom Line on Lottery Syndicates

Most agree that lottery syndicates should increase the odds of winning. Some of the biggest lottery jackpots have been won by lottery syndicates both private and online. Online lottery syndicates do provide a good safety net to ensure that you clearly own your share.

Pros:

Increases the Odds on Winning

More Changes to Win with the Same $$

Lots of Jackpots to Win

Cons:

Sharing your Winnings with Your Syndicate

Private Syndicate Spats

Choosing What To Play

Check out the latest news about the lottery syndicates: £28,000 win for Shropshire workers’ lottery syndicate.

Online lottery subscriptions are a great way to win! Just make sure you use a reliable online lottery provider. If you are going to play with friends or co-workers, make sure you are clear on the rules and get it in writing!