Lottery Syndicates Advantages

Lottery Syndicates are a double edged sword. The have some major advantages and also some downsides.

The main advantage they have is that the syndicate can hughly increase their winning chances. The drawback is that they must share the earnings with other members of the lottery syndicate.

This poses a question, what exactly is a lottery syndicate?

Lottery syndicates are when any collective of people pool their resources for the lottery. This can include a family, or even co-workers.

Therefore instead of purchasing only one ticket for a draw the syndicate can purchases 10, 20 or even hundreds of tickets.This means a greater chances of having the winning numbers. But the down side in lottery syndicates is that the winnings are dispersed among the group.However if you win more often and with bigger jackpots – 50 million on the Euro Millions Lottery on the big rollovers – I am sure you would not mind sharing.

Lottery syndicates have been around for a very long time and have are very popular in Europe. They are particularly popular in the UK, where there are official syndicates that manage the funds and have each member contracted so that there is no dispute over the winnings.

The only place that lottery syndicates have not gained a strong hold is the United States. The main reason for this is that there are 38 states that have state run lotteries and there are only a handful that are ran in multiple states. The lottery that is available in the greatest number of states is the Powerball and also to a lesser degree Megamillions.

This makes lottery syndicates not very common in the USA but which there is a big demand, but unfortunately it is something very difficult organise. There is also the issue of the state and Federal laws. There are so many compliances that would have to be met for lottery syndicates and many just aren’t willing to go through all the trouble.

The main disadvantage with traditional lottery syndicates are that there is certain way to legally bind the people in the lottery syndicates when they are a group of friends/families. This may sound {foolhardy|strange}, but when the {jackpot|big prize} is won there can be hugh arguments and expensive legal actions. This is the reason that organizations and organised syndicates have been the most sought after solution.

One solution to the syndicate problems is the elottery syndicate system this allows the management of the syndicate by a seperate 3rd party insuring that {all fees| entry money} are collected and winnings are correctly distributed. Currently syndicates positions are available in the UK national lottery, Euro Millions Lottery and the El Gordo Lottery in Spain .

These syndicates are open to people from all over the world (with the exception of the USA). Could your syndicate be the one that wins the BIG Jackpot? For more information on setting up or joining a syndicate and your opportunity for a free entry into the next UK lottery please view free video at Euro Lottery Syndicates