Lotto Syndicate 101

How does a lotto syndicate work?

If you are a member of a lotto syndicate you stand a better chance of winning the lotto. Just study the payout statistics of the various huge lottos and you will quickly realize that the majority of really big prizes are won. A lotto syndicate is able to purchase numerous entries and by buying in bulk, members pay less for each entry.

It is easy to become a member of a syndicate. There are many online syndicates that consist of members from all over the world. In many cases, the syndicate works on a share system. New members purchase a share and they then become entitled a percentage of all winnings. For example: a lotto syndicate may have 50 shares. Each share is therefore worth 2% of the winnings. If you purchase 5 shares you will get 10% of all the winnings.

How do I choose a lotto syndicate?

You need to do a little bit of homework before you decide upon any specific syndicate. Here are some pointers:

  • Google the phrase “lotto syndicate” and study the rules of the various syndicates inviting new members. Be very careful of scams and study the feedback provided by existing members.

  • Study the winning statistics of the various syndicates. If a lotto syndicate does not publish these statistics you should perhaps be wary. Any syndicate that have a proven track record will gladly make their records available.

  • Check which lottos each syndicate enters. Some focus on only one lotto. Experts agree that it is better to join a syndicate that enters a few huge lottos on a regular basis.

  • If a lotto syndicate requires you to pay a registration or administration fee you are most likely dealing with a disreputable crowd. All the reputable syndicates require only the amount that pays for your shares in that lotto syndicate.

Syndicates can most certainly increase your chances of winning. With a little bit of research you can become part of a syndicate that has a proven track record.

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