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.

Introducing 3 E Lottery Syndicate Systems

Gambling has always been a big business but lately big has got a lot bigger! This can be clearly seen and is quite evident from witnessing all the new casino TV adverts and professional casino websites that had been launched in 2010. We also witnessed a number of new e lottery type companies being launched with one very exciting introduction from the UK “LoveMyLotto.”

I guess it would first be a good idea to offer a quick explanation to those of you new to the internet the use or perhaps the meaning of the term e lottery:

Access to lotteries online appeared relatively soon after the internet was launched for public use it was quite common at this time for people wanting to buy tickets and searching for lotteries online to use the term e-lottery. It was quite logical at the time as most people would have access to the internet via the Microsoft e Browser, it was also quite common for many different types of companies to adopt the letter e into their company name or business logo which was to represent being on the internet.

3 Top e Lottery Syndicate Companies

I would like to make the first introduction LoveMyLotto which was introduced to the world of gambling by the company known as Jackpot store LTD: January 2011 saw the release of a never before seen e lottery product classed as a Multi Lottery Syndicate System, LoveMyLotto provide their customers 3 rather attractive packages with which to enter a number of games.

The Euromillions, Millionaire Raffle, UK Lotto the Premium Bonds and a Daily £1 Million a day draw have been amalgamated together into packages and played via one easy monthly payment. The levels are Gold, Silver and Bronze each level provides a different amount of chances into each game, this helps in providing a cost effect way to play draws with up to 200 chances a month via the Gold Package.

LoveMyLotto Create 21 Player Syndicate Teams

The YouPlayWePlay e lottery syndicate surfaced at the end of 2009 but it was not until 2010 that they started to gain a little momentum. I think that perhaps they launched a little too early as they were still without quite a few affiliate tools and banners to promote their product.

It actually seems a common trait amongst various gambling and lotto type companies to actually launch before they are fully ready, unfortunately it quite often leaves the affiliate “The person that provides the company customers” in the lurch and feeling totally under valued and sometimes ripped off.

Any how after a very slow start the YouPlayWePlay e lottery syndicate gained some real momentum turning their member’s website into something truly amazing and helping provide a much wider reach for themselves as affiliates gained more trust and respect in the brand. They provide entry to the Euro millions, the Thunderball lotto and the UK Lotto, the system is very different to LoveMyLotto as they provide an as and when you want to play in a syndicate as an option.

“Play In One Draw – Play In Ten, it Is up to you” YouPlayWePlay provide teams of up to 50 players.

Big Fat Lotteries although launched at the end of December 2010 have some very experienced minds from the e lottery syndicate business. They provide access to around 14 different lotteries via team play, there are some very entertaining Spanish Lotteries and of course they host entry to the UK Lotto and Euromillions.

The Big Fat Lotteries teams all vary in size and will depend on the lotto game played, you will also find with the introduction of a Superenalotto syndicate teams of 100 members.

The 3 companies above provide many people an interesting way of playing lotteries online they also allow players from abroad to enter games they would not otherwise have access to. They give players many more chances with which to win prizes with while taking the fuss out of buying tickets and playing.

All e lottery syndicates above permit perspective customers to create member accounts without having to play this way people interested in a system are able get the feel of the shop so to speak before spending any money, just like window shopping.