Lotto Syndicates: Who, When, How – And Why To Start One
All You Need To Know About Starting Your Own Syndicate
If you're serious about winning the lottery then the best way to do so is to join a lottery syndicate. According to statistics on the UK National Lottery website lottery syndicates account for 1 in 6 jackpot wins. Now consider how much money the lottery has paid out in the past 20+ years – in excess of €73.25 billion. That averages out at around €12.2 billion paid out to lottery syndicates, around €610 million a year!
In Ireland the story's much the same, since 1988 there's been no shortage of news stories about lucky lottery syndicates – including, most famously, the Dublin syndicate that figured out how to beat the system and forced the Irish National Lottery to literally up their game.
What Is A Lottery Syndicate?
A lottery syndicate is a group of people who have agreed to play the lottery jointly and split the winnings evenly between each member. A proper syndicate has one syndicate manager who collects money from each participant and then uses that money to make lottery ticket purchases as laid out in the lottery syndicate agreement.
Who Can Play In A Lottery Syndicate?
Provided they are over 18 years of age anyone can play in a lottery syndicate at Lottoland. Syndicates can include friends, family, work colleagues and club members – or indeed any group of people who are serious about getting rich!
Syndicates can be as small or as large as you like, just remember the more members you have the more you'll have to share – but, thanks to the principal of strength in numbers, you'll also have a far greater chance of winning.
Benefits Of Playing In A Lottery Syndicate
In addition to increasing the odds of winning dramatically the benefits of playing in a lottery syndicate include lower costs. By playing in a syndicate not only are the wins shared equally, the cost of the playing is also split between each member.
There are other reasons why lottery syndicates are so popular beyond monetary gain – syndicates bring people together. Not only are you sharing in the costs and the wins, you're also sharing in the fun and excitement.
More Benefits By Playing As A Syndicate With Lottoland
If you want to play in a lottery syndicate then the best place to play is Lottoland because nobody else offers you the same range of different lotteries and winning options.
With Lottoland you get a huge range of lotteries from all over the world meaning you can play for a large jackpot every day of the week! The types of games vary also, with low-cost options such as the Polish Mini Lotto (at just €0.30 per line) to the massive American lotteries like PowerBall and MegaMillions which cost just 50c more than EuroMillions but offer the largest jackpots in the world. Or, if you fancy something more familiar, you'll also find enduring favourites such as our homegrown Lotto or EuroMillions. Each of our games comes with detailed information including rules, odds and a comprehensive FAQ section so don't be afraid to mix and match your lotteries and try out something new!
Not only do you get more lotteries to play, you also get more ways to win big. With our DoubleJackpot feature you can win twice the amount of any given jackpot – an excellent way of offsetting the costs of a shared jackpot by ensuring each winner in your syndicate gets twice as much money!
Plus you have a range of subscription and participation options where you can play the same lottery and numbers on an ongoing basis, go in hunt of those large jackpots or only play when the jackpot is above a specific amount.
Finally, Lottoland takes all the stress and hassle out of playing the lottery by making everything digital and automatic. No need to worry about buying then holding on to printed tickets, checking numbers and collecting wins – at Lottoland you'll be automatically notified of the winning numbers. Any wins will be credited to your user account from where you can withdraw the funds straight to your bank account.
How To Start A Lottery Syndicate
Starting a lottery syndicate is easy; just gather a group of close friends or family members together who all have a common interest in winning large amounts of cash – this step shouldn't be too difficult.
Next you will need to appoint a Syndicate Manager whose duty it is to invest the funds each week into your chosen lottery draw(s). This needs to be somebody who is trustworthy and reliable – a natural organiser – somebody who will be in charge of handling the money, purchasing tickets on time and who will ultimately be the sole representative of your syndicate.
Before you start to play together, however, it's vitally important that you first create a binding agreement between all members, called a Lottery Syndicate Agreement.
What To Include In Your Lottery Syndicate Agreement
The agreement should first list each member and what their duties (e.g. the Syndicate Manager) are, plus how much each player will be contributing each week. It should also outline when the Syndicate was formed and when, if desired, the agreement will expire.
After this is done the next step is to formalise the pay-out procedure outlining clearly what is to be done in the event of a win – how the money is to be split and exactly how much of a share each participant is entitled to. You'll also need to include clauses for members who wish to join or leave the syndicate as well as what happens in the event that a member doesn't pay into the syndicate.
Sounds like a lot of paperwork right? Well, imagine you do win big but one or more members decides to dispute it claiming they're entitled to more money – now suddenly you've got a whole lot of paperwork, legal paperwork.
So essentially the purpose of the agreement is to protect all members of the syndicate and to ensure maximum fairness. All members will then need to sign the document to declare that they understand, and agree with, the terms of the agreement so as to make it binding.
Please note that this information is supplied as-is and if you have any specific questions on forming a legally binding agreement we urge you to first discuss it with a legal professional.
How To Grow Your Lottery Syndicate
Sometimes all it takes is to simply mention the word "lottery syndicate" in a crowded room, such as a pub or work canteen, in order to find willing members. It's important, however, to only accept members who are serious and dedicated, people who are going to make their payments each and every week.
Still want more participants? Well, word of mouth is sometimes the best method but don't be afraid to print out some attractive flyers and post them on your work or community noticeboard. Then again all it might take is a simple Facebook post – a shout out on your wall looking for participants could easily yield a large lotto syndicate in a matter of minutes.
How To Play As A Syndicate With Lottoland
- Once all members have joined and signed the agreement the Syndicate Manager needs to register an account at Lottoland.ie
- Once the money has been collected the Syndicate Manager then plays the lotto(s) of choice on the syndicate's behalf.
- Any winnings will then be credited to the Syndicate Manager's Lottoland account which can then be withdrawn to his/her bank account to be split between each member.
Tips On Winning With A Lottery Syndicate
It's like we always say – the trick to winning the lottery is consistency. The odds can be high, especially for higher prizes, but these odds can be reduced dramatically over time. Indeed when you hear of lottery syndicate winners it's almost always the case that the syndicate had been playing like clockwork for a significant period of time before finally hitting the jackpot.
Another way to increase your chances of winning – and of particular benefit to syndicate players – is the use of system entries, which we refer to as Combo Bets.
This type of play allows you to enter more than the standard amount of numbers in multiple combinations increasing your odds of winning exponentially. Granted the cost to play is higher, though obviously this cost can be easily offset by having multiple syndicate members pooling their money.
No Time Like The Present
Lottery syndicates are not only a proven way of winning the lottery they're also lots of fun and a great way of bringing people together in pursuit of a shared goal. After all who doesn't want to have more fun – and more money – and to share that happiness and enjoyment with their best friends?