Did you know you are thirty six times more likely to win if you are in a lottery syndicate? The jackpot would be split with others, but there is a much greater chance of winning a prize in a syndicate than if you bought a ticket yourself.
It has been said that over a quarter of all lottery wins are won by lottery syndicate groups. This is a very high number, proving a much higher chance of winning the jackpot. Normally, as a member of a lottery syndicate, the average person spends a lot less than he would if he was purchasing the tickets on his own. It costs less, but the chances of winning are much higher. That doesnt leave much to the questioning of whether to join one or not.
Though, to be completely fair, one must realize that joining a syndicate can have its drawbacks as well. The biggest one being that the prize will be split between several different people. This means that, if you win, you may have enough money to buy a new car or even a new house, but will not likely be able to quit your job and live off of the winnings.
If a syndicate is not set up properly, there could be many problems that could arise. One is that a greedy syndicate member could decided to keep all of the winnings for himself and the other syndicate members would have to try and prove that they have been ripped off. Another potential problem is that one member could forget to pay their dues, but still expect a chunk of the winnings, since he or she has been involved in all of the past drawings.
The best thing to do when joining a lottery syndicate is to find one that has legal backup. There should be legal contracts involved, stating who gets the money if the lotto is won.
The benefits to joining a lottery syndicate far outweigh the negatives. As long as it is put together well and you know that the prize amounts will be smaller, there is absolutely no reason to hesitate to join one. It is best to do a little bit of research and find one that works well for you.
It has been said that over a quarter of all lottery wins are won by lottery syndicate groups. This is a very high number, proving a much higher chance of winning the jackpot. Normally, as a member of a lottery syndicate, the average person spends a lot less than he would if he was purchasing the tickets on his own. It costs less, but the chances of winning are much higher. That doesnt leave much to the questioning of whether to join one or not.
Though, to be completely fair, one must realize that joining a syndicate can have its drawbacks as well. The biggest one being that the prize will be split between several different people. This means that, if you win, you may have enough money to buy a new car or even a new house, but will not likely be able to quit your job and live off of the winnings.
If a syndicate is not set up properly, there could be many problems that could arise. One is that a greedy syndicate member could decided to keep all of the winnings for himself and the other syndicate members would have to try and prove that they have been ripped off. Another potential problem is that one member could forget to pay their dues, but still expect a chunk of the winnings, since he or she has been involved in all of the past drawings.
The best thing to do when joining a lottery syndicate is to find one that has legal backup. There should be legal contracts involved, stating who gets the money if the lotto is won.
The benefits to joining a lottery syndicate far outweigh the negatives. As long as it is put together well and you know that the prize amounts will be smaller, there is absolutely no reason to hesitate to join one. It is best to do a little bit of research and find one that works well for you.
About the Author:
Coral Larsen helps people WIN lotto and powerball. Coral shows you how to improve the odds of winning lotto so that you can save for that holiday or even pay off your mortgage!
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