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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