What is a lottery syndicate?
A lottery syndicate is when a group of people joins together to play the lottery. By pooling money together the syndicate has more funds to buy more lottery tickets. All the tickets bought are shared by all players and so are all the prizes.
This is the number one way to increase your chances of winning, especially a lottery jackpot.
The most common lottery syndicates are set up by friends and families where the rules are decided within the group.
In these formations usually, one person collects funds from the rest of the group and buys as many tickets he possibly can for the money collected. All winnings are shared equally with the group.
Another common way to play lottery syndicates is where a group buys a ticket each and collectively corrects their tickets together at the time of the draw. Bigger prizes are shared and smaller prizes are left to each individual ticket holder.
Precautions when entering a syndicate
There are several ways a syndicate could go wrong. The player who buys all the lottery tickets with the shared funds might claim that they are all his tickets and claim all the winnings for himself.
A group could exclude some members of the group and claim winnings between them and so on.
Therefore it is very important that you take some precautions when joining or starting a lottery syndicate.
- Keep a record – Whatsapp messages, a list of who has paid or a receipt that you have paid and so on. Just make sure you have an understanding on record!
- Rules – Make sure you have rules in place and that all members of the syndicate understand them. Revise regularly with new and old members!
- Tickets – Scan or print tickets and distribute copies to all members.
- Be clear – If you are purchasing a private ticket or if you are a member of other syndicates make sure to tell other members. Be clear to avoid confusion and possible misunderstandings!
Best Lottery Websites with Syndicates
If you want to avoid all the hassle above you can just play online. The best way to play with a lottery syndicate, in my opinion, is through one of my objectively reviewed online lotteries.
The website selects lottery numbers and buys batches of lottery tickets prior to each participating draw. Each site offers several different syndicates to different lottery games and they are made up of a set amount of shares.
All you need to do is choose which syndicate to join and purchase as many shares as you want. The best thing is that you don’t even need to create a group of players for your syndicate. The website finds the players and sets it all up for you.
This way you can participate in every draw you want with several lottery tickets at a fraction of the price. All the rules are stated clearly and available for everyone to read. You have a record of your tickets on your lottery account.
Lastly, you avoid any possible problems with dividing the winnings since each lottery website does it for you. As you can see it’s very easy and you avoid any possible headaches associated with physical lottery syndicates. You can still play with your friends, just tell them to join the same syndicate you did!
I myself play in an online syndicate with the other guys here at Online Lotteries. It not only creates a better team dynamic also boosts our morale and is a great way to put some casual pleasures into your day to day work life. Maybe something you want to try out at your workplace with your colleagues?
You can play lottery syndicates at the following top online lotteries available in India: