First of all is important to know that any money won by a syndicate is paid to the group manager as one of the rules of the National Lottery state that only one player can receive a price from winning tickets. And the process of claiming prices is the same as if you were playing on your own, and it is then up to the syndicate manager to distribute the winning but this is not all you need to know about starting your own lottery syndicate.
Who can play on a lottery syndicate?
Anyone proven legally by law can play in a lottery syndicate at lotto land. Syndicates can include family, friends, workmates and club members or group of people who are serious an focused on one thing getting rich, Syndicate can be small or large as you prefer, but keep in mind the more members you have the more you have to share, but also have a far greater chance winning.
How to start playing a syndicate
Well starting a lottery syndicate can be as easier then you thought, you can start by inviting a group of close friends, family, workmates and so on, but the most important thing right here is to have a common interest in winning large amounts of money so that if they win they can share the money equally. You also need to appoint a syndicate manager who will be responsible of investing the money each week into the chosen lottery draw, but make sure that the person chosen is trustworthy, very reliable and organized so that he can purchase the tickets always on time as he will be a sole representative of your syndicate.
Benefits of playing in a lottery syndicate?
The benefits of playing in a lottery syndicate include lower costs, the winnings are shared equally, the cost of playing is shared between each members. Other reason also include that the lottery syndicates are popular beyond monetary gain as they bring people together. Last but not list by playing syndicate not only you share in the costs and the wins but you also share in the fun and excitements of the game.
Disadvantages of playing lottery syndicate?
The biggest disadvantage of playing syndicate is that you are never going to win the full value of a jackpot by playing this way. If you’re group is lucky enough to hold the winning combination, you’ll have to share your winning with everyone else, which means you will get a nice price but nothing like what you could along held the winning tickets. This means per example if your group wins $500 and the group is composed with 20 members that means that each member of the group will take home $25 and that isn’t satisfying. So playing a syndicate also means you’re likely to come out ahead on any given draw. But over the long run your odds are the same, and you can expect the same odds no matter how you play.
Here are some of the tips given to you in order to play syndicate.As this lottery also provides you with fun and it’s a great way of bringing people together in pursuit of a share goal. After all who doesn’t want to have fun, more money and to share happiness and enjoyment with their friends and family?