Lottery syndicates are a great way to increase your chances of winning the big lottery jackpot prize. Syndicates offer you more chances to win in exchange for sharing the prizes won.
For example, if you enter a ticket into a typical lottery draw, you will have 1 chance in 95,344,200 to win the jackpot. However, if you join a syndicate with nine other players, buying a group of ten tickets, you would have 1 chance in 9,534,420 to win the first prize, and considerably better odds of winning in any of the other prize categories.
Here is the information you need about different types of lottery syndicates to help you choose the one that’s best for you.
Play in an online syndicate
Joining an online syndicate is the simplest and most flexible way to play in a group. The syndicate service acts as manager of the syndicate, choosing the numbers to play, buying the tickets and distributing any prizes won. A certain number of shares are sold in groups to the participants, and the more shares you have, the greater portion of any winnings you will receive.
Advantages of playing in an online syndicate
Free from complications – with the syndicate service in charge of collecting payments, buying tickets and distributing the winnings, all you need to do is choose how many shares you would like to buy and how many e-luk draw dates you would like to participate in.
Avoid conflicts – the syndicate service will distribute equally any winnings according to the number of shares purchased by each player, eliminating any disagreement among syndicate members.
Special membership benefits – some syndicates, offer special benefits and advantages to their regular members, as is the case with e-luk advantages.
Create your own syndicate
Groups of co-workers, friends or family members often join together to buy a number of lottery tickets for a draw. This is a fun and social way to play the lottery, providing a great community atmosphere as the excitement grows before the draw.
However, it is important to have a syndicate agreement to cover all aspects of the game to avoid any conflict between members. This agreement should include information such as the numbers that will be played, how the winnings will be distributed, what happens if a member does not make one of the payments and any other important information that the group members believe should be formalized to ensure there is no disagreement.
You will need to appoint a trusted manager for the syndicate who is responsible for collecting the payments, buying the tickets, checking the results, collecting the prizes and distributing any winnings among the members of the group.
Advantages of creating your own lottery syndicate
You are in control – organising your own syndicate means that you have control over every detail, from collecting money to buying tickets and distributing any prizes won.
Playing as part of a syndicate can significantly improve your chances of winning a prize, as has happened to many syndicate players thanks to playing with friends or as part of an organised group online.