Lottery Syndicates Advantages

Lottery Syndicates are a double edged sword. The have some major advantages and also some downsides.

The main advantage they have is that the syndicate can greatly increase their chances of winning. The disadvantage is that they must share the earnings with other members of the lottery syndicate.

This poses a question, what exactly is a lottery syndicate?

A lottery syndicate is a group of people or those that are affiliated in an organization that pool their resources to buy lottery tickets. Often the syndicates are based around a group of friends at work or members of a sporting society or even friends and family

This means that were one person can buy a lottery ticket, a group of like minded people could buy a hundred..This hughly increases the chances of winning. Of course the downside in the lottery syndicate is that you need to share the prize with other syndicate members.However if you win more often and with bigger jackpots – 50 million on the Euro Millions Lottery on the big rollovers – I am sure you would not mind sharing.

Lottery syndicates have been around for many years and have are very popular in Europe. This is especially true in the UK, where there are official syndicates that manage the funds and have each member contracted so that there is no dispute over the winnings.

One country where syndicates are not common is the USA. The main reason for this is that each of the seperate states have their own lottery with only a few lotteries being available in multiple states. The lottery that is available in the most states is the Powerball and also to a lesser degree Megamillions.

This makes lottery syndicates not very common in the USA but which there is a big demand, but unfortunately it is something very difficult to have happen. In addition the gambling laws in the USA are very strict. There are so many compliances that would have to be met for lottery syndicates and many just aren’t eager to go through all the paperwork and issues.

The main difficulty with traditional lottery syndicates are that there is no sure way to legally bind the members of the lottery syndicates when they are a group of friends/families. This may sound {foolhardy|strange}, but when the {jackpot|big prize} is won it can be every one for themselves. This is the reason that organizations and organised syndicates have been the most sought after solution.

One solution to the syndicate disadvantages is the elottery syndicate system this allows the management of the syndicate by a seperate 3rd party insuring that {all fees| entry money} are collected and winnings are correctly distributed. At the moment syndicates positions are available in the UK national lottery, Euro Millions Lottery and the Spanish ElGordo Lotteries .

These syndicates are available to members from anywhere in the world (with the exception of the USA). Perhaps your syndicate will be the one to win the hugh Euro lottery Jackpots For more information on setting up or joining a syndicate and your opportunity for a free entry into the next UK lottery please view free video at Euro Lottery Syndicates