Lottery Syndicates

Lottery Syndicates increase the fun and excitement of playing in Lotteries. Syndicate groups can be made up of friends, family or work colleagues. It's a great way of playing in Lotteries and by following a few simple guidelines, playing should be easy, enjoyable and more than likely profitable since you will immensely increase your chances of winning.

Let us assume that you form a Syndicate with 9 other persons. Instead of having one ticket playing for you, you have 10. Therefore, the chance of hitting the Jackpot has increased by 90%. Again, let us assume that your Syndicate hit the Jackpot of say five Million Pounds Sterling. Your share will be £500,000 – that is half a Million!

The first thing you must do when setting up a Syndicate is to draw a list of potential members. These can be family members, friends or even work colleagues. Most Lotteries insist that players be 16 years or older. You have to decide for how many weeks the Syndicate will run. This is much better than collecting money for each draw. You save time running after members for their share of payment and having to go to the vendor each time before a draw to buy the tickets. As the organiser, you automatically appoint yourself as Manager. You should split the winnings evenly (that is one share for each person), but you are entitled to keep back say 5% of the winnings for the effort and responsibility of running the Syndicate.

Under normal Lottery game rules, a prize on a winning ticket is payable to one person. Therefore, as the Manager of the Syndicate, winnings will be in your name. So, it is imperative that you issue an “Agreement Form” which lists the names of the members, the lottery ticket numbers, and the period that the Syndicate will operate.

This “Agreement Form” must be signed and dated by each Syndicate member and if required, signed and dated by an independent witness. The new “Agreement Form” must be raised when a new period comes into play and the members re-instated, perhaps members being replaced or even added.

This “Agreement” is also a necessity if the winnings attract some form of Tax. You would not want to pay all the tax yourself.

As a Syndicate Manager, your responsibilities consist of the following:

# Collecting money from each member
# Buying the tickets
# Look out for the winning numbers

There is an alternative to participating in Lottery Syndicates without the responsibilities associated with running such Syndicates.

There is a five year old British Company which has been successfully running Lottery Syndicates for both the UK Lottery and the Euro Millions Lottery. Anybody can join their system, from anywhere in the world, as thousands have done already from 133 different countries. There are many advantages of joining their Syndicate. The chances of winning the Jackpot in the UK Lottery increase by a massive 702%. There is an even better chance of scooping the Euro Millions Jackpot – by a massive 3,600%. Another advantage is that you do not have to stand in a queue to buy tickets and there is no chance of misplacing tickets. You do not have to continuously check results – the Company will send you the draw results directly to your registered E-Mail address. Moreover, the Company will advise you when you win. The best part is that this Company has turned this Lottery Syndicate in a Network Marketing business and not only will you be able to earn generous commissions, but you will also be given the opportunity to play effectively for free.