When you decide to join a syndicate, you are going to a group of people who have the same goal in mind—win the jackpot of some lottery. In this syndicate, as a group, you are agreeing to put in the same amount of money per member. This will multiply the number of tickets you can purchase per game. Then, if any of the lottery tickets that were purchased by the group wins, that money is split among all the members.
Now, because you are entrusting your money and possible winnings to other people, it is only natural to want to trust these people. The syndicate can be set up with anyone—be it your colleagues, friends, family, and neighbors. You can also join online lottery syndicates, but we recommend that you only use reliable lottery syndicates, like the ones that we have reviewed.
You also can set up your own syndicate. In order to do this, you will need to have a group of people who are willing to do this with you, but who also trust you. This is especially important if you are allowing people who do not know you participate in the syndicate.
In all facets of life, earning trust isn’t always the easiest things to do. When it comes to people and their money, it is even more difficult to earn someone’s trust. Fortunately, it is possible to earn the trust of others, just by following these simple tips:
- Do What You Say – One of the most important ways to build a strong, trusting relationship with your syndicate is by doing what you say you will do. So, for instance, if you say that you will hold collections every Tuesday at 4pm, stick to it. Unless there is a dire emergency, stick to your word. If you say you are going to buy an x – amount of such and such ticket and show the receipt, do it. People will appreciate it.
- Honor Your Promises – Before you actually start purchasing tickets, you and your group will want to pen an agreement. In this agreement, you will lay out the rules of the group. Let’s say your group has a rule that if someone cannot pitch in the $2 for the ticket, the rest of the group will cover the fee. The rules of the syndicate should be discussed among the group, signed by the group, and honored by the group. It is up to you as the syndicate leader to make sure everyone keeps this promise.
- Do not Negate a Promise – What this means is that no matter how small or insignificant a promise may seem (like you say you do collections every Tuesday at 4, but you come late to the meeting place), others may place greater importance than you realize. You don’t know if someone has to pick up their kids at 4:30, and by you being late is an inconvenience for them.
- Tell the Truth – No matter what the situation is, you always want to tell the truth. If members of your syndicate find out you lied about something, even if it has nothing to do with the group, you run the risk of losing the trust of others. After all, if you cannot tell the truth about one thing, how do you expect people to believe you about lottery related matters?
- Don’t Bullshit – Most people have a keen ear when it comes to bullshitters. If you want people to trust you and participate in the syndicate with you, you have to be honest and maybe even blunt.
Would you participate in a group if you didn’t trust the members? You want that piece of mind in knowing that the money you are giving to the group will be spent on lottery tickets, and if you win, you want to be sure that you are getting your portion of the prize. The whole point of creating and maintaining a syndicate is to increase your odds of winning a large sum of money on the lottery. The more people who can chip in a little bit of money, the more tickets you can buy and the greater your chances will be. By earning the trust of these people, it will be easier to recruit others in the group, thus increasing your chances more. Trust is important; always remember that.