Let’s have a look at what exactly a lottery syndicate is. And also evaluate the various factors to determine whether they are worth it or not!

What’s really a syndicate ?

By a simple calculation, the more tickets you buy in a lottery game, the better chances you have of winning. This is the reason behind the appeal of lottery syndicates.  A lottery syndicate improves a group of players’ chances of winning because players pool their resources to purchase tickets. Thus,  for the same price as they would individually play, a syndicate member can lay claim to a larger number of tickets.

This technique increases a player’s chance of winning but reduces the amount of money he would receive if the syndicate won. 

You can form a syndicate with your firm 

family, and work colleagues. Or join existing syndicates which lets strangers participate as well. The more people who join your syndicate, the more tickets the syndicate will be able to buy. It will also make the odds of winning the huge jackpot or even lower-tier prizes better.

Hence, the most obvious reason players participate in syndicates is to increase their chances of winning. Other reasons include that it can be more fun as a group and can even create something in common with colleagues you wouldn’t normally associate with. And being part of the syndicate can ensure that you aren’t the only one left at the office when everyone else moves on with their winnings!

However, there have been countless cases where a syndicate allegedly won but the syndicate manager took the money for himself. Therefore, we take a look at whether or not it is really worth playing in a syndicate.

Draw up a syndicate contract

A Syndicate contract can be the best solution for stopping other members from causing legal hassles for the syndicate. Have an official piece of papers signed by all parties to include all the conditions in a clear manner to avoid ambiguities and confusion. Not only will this establish a sense of security but will also make it easier to claim and distribute the winning prize between the participants of the lottery syndicate. An official contract would have been sufficient to diffuse the situation Mr. Baron found himself in. Make sure the participants are aware of the conditions in the contract before entering the lottery pool.

Conclusion

A lottery syndicate is a simple and effective way to increase your chance of winning. But you need to keep that in mind that you can’t get selfish and keep all the winnings to yourself. Others have contributed to the lottery ticket; therefore, they deserve their share of the prize. Increasing your chances of winning is always ideal, but it is important to remember if you do win you have to split the prize pool between the number of people that you have entered the syndicate with. These two factors need to be evaluated and you need to individually determine if you think increasing your chances of winning outweighs the challenges of splitting a prize.

Goodluck!

#PlaythelotteryrightNow

As soon as you win the lottery,make sure you can keep your identity as private as possible. Everyone will look to you for money, handouts, or charity. Therefore, keeping your winnings anonymous can be the best in your interest. Moreover, this is one of the best tips to not to ruin your life after lottery win

Avoid  making fast decisions

You have a lot of money and you can do anything  you want! Right? Wrong! Stop, take a deep breath, and give yourself some time to create thoughtful plans for your sudden windfall. Avoid making any big decisions for at least the first 6 months. All of the gifts and charities will still be there when you have a sound financial plan for your new-found fortune. You will enjoy your money even more with a plan. Have fun, but more importantly, have a plan.

Don’t overspend on the size of money you give to charity or family

When you have a lot of money you want to treat your loved ones and spoil them with all the things in the world they deserve. But, be careful with the size of the gifts you are giving. It could do more harm than good if not dealt with in a thoughtful manner. It ultimately is a responsibility.

Take a vacation

Before you get back to the reality of making plans and decisions, take a break and go on a vacation. It is just the thing you need to clear off your mind. Treat yourself and your loved ones with a vacation you will never forget. Take your dream vacation but be sure to keep your dreams on the reasonable side. We are sure that you’ll just do fine.

Goodluck!

#PlaythelotteryrightNow

Two homeless winners who won the lottery.Imagine being homeless, at one of the lowest points of your life, living on the street, only to be blessed with a lottery win. That’s the story of the people in this article. read about the top 5 homeless people who won the lottery.

Grant Freeman lived in Nevada and he moved to Las Vegas because gambling is not legal in Nevada. He spent every penny on slot machines and, as so often happens, lost everything. He was forced to live on the streets and started begging. Even after that, he was constantly spending every penny on slot machines every night. His lifestyle took a toll on him and he hitchhiked his way to California. There he purchased two Mega Millions lottery tickets and won both. $8 on the first one and $180,000 on the other. Reportedly, he has since turned his life around and still buys lottery tickets once in a while.

Victor Herrara 

I live in Miami, Florida, and summer there is brutally hot. He lost his house while going through a divorce and he moved to his sister’s place with his son. But his sister’s apartment was cramped and had no air-conditioning. One night it was so hot that he couldn’t sleep. He went down to get some ice and instead ended up picking up a lottery ticket. He won $250,000 and, of course, the first thing he bought was a house with air-conditioning.

Laszlo

 described his life as, “always trying to plug holes, by making new ones.” He was a recovering alcoholic under a lot of debt. He was homeless for 7 years when he stopped at a train station on his way to Budapest and spent his last few coins on a lottery ticket. He won 636 million Hungarian forints (approximately $2.5 million). No, he did not but a big mansion or fancy car, instead, he donated most of it to the homeless shelter he and his wife had lived in and paid off his debt.

Considering the stories of these homeless people who won the lottery, it is certain, not everyone blows through their money. If there’s one thing better than people who give of themselves, it’s people who give of what’s been given to them.

Goodluck!

#PlaythelotteryrightNow