How to set up a Lottery Syndicate

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 drawback is that they must share the winnings with all that are included in 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 social society or even friends and family

Therefore instead of purchasing only one ticket for a draw the syndicate can purchases 10, 20 or even hundreds of tickets.This hughly increases the chances of winning. But the down side in lottery syndicates is that the winnings are dispersed among the group.But imagine if you won 50 Million in the Euro Millions Lottery – I am sure you would prefer having a percentage of this, how about 1.2 million, than nothing!

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

One place where syndicates are not popular is the USA. The main reason for this is that there are 38 states that have state run lotteries and there are only a small number that are ran in more than one 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 organise. 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 willing to go through all the paperwork and issues.

The main difficulty with traditional lottery syndicates are that there is certain way to legally bind the people in the lottery syndicates when they are a group of friends/families. This may sound {foolhardy|strange}, but when the {jackpot|big prize} is won there can be hugh arguments and expensive legal actions. This is the reason that organizations and organised syndicates have been the most sought after solution.

One solution to the syndicate issues 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 are possible 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