Problems With Lottery Syndicates

Traditional Lottery Syndicates have a number of advantages and disadvantages

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

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

A lottery syndicate is a group of people or those that are affiliated in an organization that pool their resources to purchasing lottery tickets. Often the syndicates are based around a group of friends at work or members of a sporting society or even friends and family

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. Of course the downside in the lottery syndicate is that you need to share the prize with other syndicate members.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 United Kingdom, where there are official syndicates that manage the funds and have each member contracted so that there are no arguements when the syndicate wins.

One country where syndicates are not popular is the USA. The main reason for this is that there are 38 states that have state run lotteries and there are only a small number that are ran in more than one states. The lottery that is available in the most states is the Powerball and also to a lesser degree Megamillions.

This makes lottery syndicates something that is desired in the United States, but unfortunately it is something very difficult organise. There is also the issue of the state and Federal laws. There are so many difficulties that would require to be overcome for lottery syndicates and many just aren’t eager to go through all the paperwork and issues.

The main disadvantage with traditional lottery syndicates are that there is certain way to contractually bind the members 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 it can be every one for themselves. This is the reason that organizations and organised syndicates have been the most sought after solution.

One solution to the syndicate disadvantages 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 evenly distributed. At the moment syndicates positions are available in the National Lottery in the United Kingdom, Euro Millions Lottery and the Spanish ElGordo Lotteries .

These syndicates are open to members 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