A Lottery Syndicate – Pros and Cons

It is widely accepted that a lottery syndicate is about the best way to play in any lottery if you are looking to increase your odds of winning. In fact, more than one quarter of all lottery jackpot wins are collected by syndicates. These lotto syndicates are typically formed by groups of workmates or friends who have the one goal of boosting their lottery winning chances. By clubbing together in this manner allows each participant of the syndicate more potential winning entries while at the same time keeping expenditure to a minimum.

Being a syndicate member can come with a considerable odds advantage especially if the syndicate has a larger number of individuals participating. However, being a syndicate member does have its downside.

The first and probably most obvious negative aspect of a syndicate is the fact that all winnings are split between all members of the syndicate equally. Therefore, the more syndicate members there are, the lower the payout each of these members will receive. As a result, a sizable lotto syndicate win may only generate enough cash for each member to pay for a holiday or a new car; but certainly not give up the day job and buy a luxury yacht! As long as each member is aware of this eventuality then everyone should be happy.

The second problem of lottery syndicates directly relates to the point made above. Stories can occasionally be found in the press relating to a greedy syndicate member(s) who is reluctant to share out the prize to colleagues and attempt to keep it all for them self. This can certainly be a big problem if the syndicate has been set up informally. If this is the case each of the aggrieved members have then got to prove legally that they have indeed been duped. There have also been cases where a syndicate member has lost their share of the prize money due to late or non payment of their entry fee. Such cases often lead to legal action being sought.

The third problem that may arise if no formal syndicate agreement is in place is that of inheritance tax issues. If the head of the syndicate collects the prize money and then “gifts” each member their equal share, then this tax could very likely become a consideration for each of these members.

There are ways in which such problems can be limited thus making everyone’s lives a lot simpler. If the syndicate is formed using a legally binding lottery syndicate agreement then any of the issues mentioned here will become a thing of the past. Such agreements can be downloaded from your lottery provider’s website and in many cases can be collected from a lottery retailer.

There is no real doubt that the benefits of joining a lottery syndicate far outweigh the negative aspects involved. If the syndicate if set up legally as mentioned, the only things you really have to worry about are paying your money in each week and planning what you will do with the money when your lotto syndicate hits the big one.

How to Win the Take 5 Lottery

Take 5 is one of the New York lottery games where you can easily win big bucks with just a few investments. It has the best odds of all the lottery draw games. All you have to do is bet on five numbers from 1 to 39. You can bet on your own combination by filling in the corresponding squares on the play card or you can let the QuickPick machine do the selection for you. You can play for a minimum of $1 per game or up to $5 on the 5-game play card.

The winning combination is drawn via live telecast every 11:21 PM on WABC channel 7. Half of the total sales for the day are allocated to the prize money, so the jackpot accumulates until someone hits it. The largest Take 5 jackpot so far was $825,960.00.

Being a game of chance that it is, increasing your chances in winning the Take 5 lottery is pure logic. Avoid selecting all even or odd numbers because they are less likely to get drawn. Mixture of odd and even numbers has approximately 66% chances of occurring. Also mix the high and low numbers, the low being the numbers 1 to 20 and the high, 21 to 39. Having at 3 highs and 2 lows or 3 lows and 2 highs are 64% more likely to be drawn.

It is also not logical to bet on numbers from one number group. It is very unlikely that a draw would have all single digits, teens, 20’s or 30’s. The same goes with multiples like 2 4 6 8 10 or 3 6 9 12 15 and consecutive numbers like 35 36 37 38 39 or 1 2 3 4 5. A combination having the same last digits like 2 12 22 32 has less than 1% of being drawn.

Winning this lottery game would also entail a little research on its history. Knowing the past winning combinations will give you a hint on the best numbers to bet on. It is proven that numbers that appeared on the last 10 games will have 79% of appearing on the next draw. And numbers that rarely appeared within the last 70 games are worth chasing.

To have a higher likelihood of winning, you may also need to do a simple math. Add up your combination, and make sure that the sum is between 70 and 130. 70% of the time, the total for the winning combination is within that range.

The New York Take 5 is just like any lottery. It is a game of chance. And just like any other game, you can always have that chance on your side if you are diligent enough to analyze how it is played. The odd in winning in this game is 1 in 575,757. It may be a tremendous odd for you. But if you were to think about it, it is best odd in any of the other New York lottery games.

Three Lottery Winners’ Stories

Les Robins, Yancy Hicks, and Jackie Cisneros all share something in common: in addition to being lucky enough to win large amounts of money at the lottery, they’ve all enjoyed successful lives since their big wins. These three winners all exemplify the perfect lottery success story.

Les Robins

Les Robins, at the time a junior high school teacher, won $111 million in a Powerball jackpot in 1993. He founded Camp Winnegator, a 226 acre camp grounds which serves as a day camp to local Wisconsin children. He still visits the campgrounds, and is known to drive around the grounds in his Jeep, to see the status of his charity and enjoy the benefits of his good deeds. He also works as a volunteer basketball coach for another organization.

Les Robins had already identified his passion- as a teacher, he knew that he enjoyed working with kids. So, with unlimited wealth at his disposal, he made a hobby out of the things he enjoyed. As a volunteer basketball coach, he could still work with kids but on a much less rigorous schedule than as a teacher. Creating Camp Winnegator was a way to create a lasting legacy to children.

Yancy Hicks

Mr. Hicks, after working at McDonalds for twenty-six years, won $1 million in 2008. Although this is a smaller sum than many multimillion dollar jackpot winners may have won, he has managed to turn it into a sound investment. Mr. Hicks’ lifelong dream was to own a Subway sandwich shop franchise, so he used his winnings to do so. Despite his great success, he has still managed to stay with the same group of friends as he had before his win. The only splurge purchase he made was a new Corvette.

Yancy Hicks did all the right things. He had already identified his dream- to own his own Franchise. After researching various restaurant franchises, he finally settled on a Subway sandwich shop franchise, well within his budget. Construction began in 2010 and will be completed soon. The lottery win made that possible. In addition, he certainly didn’t splurge on things he didn’t need and was careful with his new earnings. Finally, Yancy Hicks knew to be careful with saying “no” to people. He kept friends that he had made before his win, and didn’t let new people take advantage of him or his wealth.

Jackie Cisneros

In 2010, Jackie Cisneros, an overnight newsroom editor, won $266 million in the Mega Millions lottery. Her husband, Gilbert Cisneros, had purchased the tickets for her on a whim after picking up dinner to bring home. The timing on the win could not have been better- just two weeks prior, Gilbert Cisneros had been laid off from his job. Already a great story, what made it even more compelling and newsworthy was that Jackie Cisneros has kept her job. As she explained it, the job made her happy and she wanted to continue that. She couldn’t imagine a life without working, so of course she would continue to do so.

Jackie Cisneros is another example. She knows the things that make her happy- in her case, working at a job she enjoys which gives her satisfaction. She and her husband have done charity research (They plan to give to their church and to their alma maters) and are thinking about how to give gifts which will make them happy.

Though these three winners are by no means the only people with great lottery winner’s stories, they exemplify some of the success methods that enable one to become one.

Play the Lottery Online – Learning the Game

The main advantages of an online lottery are basically about saving a lot of time and avoiding the hassle when doing it in person. So, when you decide to play the lottery online and you look for online lottery providers, go for one that was referred to you by someone you know who already played through the site. And that someone should be trustworthy as well.

You also have to know how long has that site been online and if there are any negative reviews about it. The easiest way to get the answers for these is to make your own research online and what you learned about the site will be your basis in choosing what will you use to play the lottery online.

As part of playing the lottery online, you can also subscribe or organize a syndicate or lottery clubs. You can start playing it by entering your numbers in the online play slip and opening your lottery account. For added security, these sites usually performs a credit check. The account you created will allow you to play selected online lottery and Instant win games. If you know where to find these lottery enthusiasts, you can actually find a lot of sites online that hosts lotteries, especially that there are a lot of people who are also into lotteries.

It will always be more convenient for you if you know when to buy lottery tickets without worrying about losing them because they will also be kept online. There’s a site which is provides live broadcast on lottery draws. This is more convenient because it will let you know right away if your tickets win or not, so you mostly have to do things in front of your PC.

Aside from knowing where to buy the tickets, it’s also very important to have your own strategy on how to play the lottery online. When buying tickets online by the way, make sure that you know about the cut-off times. When it comes to lottery numbers, you will have a better chance of winning if you stick to a set of numbers few times in a row.

Other benefits offered by the e-lottery system when you play the lottery online include low syndicate advantage cost, never forgetting to buy tickets and losing them, and the convenience of playing the lottery even if you are out of the country or lives overseas. That’s not all that, results are also e-mailed to you if you requested for it and if you win a prize, it will be paid directly to your bank account and you will receive an e-mail notification. See how convenient is that?