Every week another jackpot is snatched away from you. And most of the time it is a lottery syndicate claiming the prize.
The reason why is simple. They have a better chance of winning than you do!
Quick Recap
Here's a quick recap: a lottery syndicate is a group of people who join together to play the lottery. They pool their money and buy as many tickets as possible. All of the winnings are then split equally between them.
So Why Do Syndicates Win So Much?
This simple tactic means they buy a lot more tickets than most people. And probably a lot more than you too.
A typical syndicate will have at least ten times the chance of winning, but often more like 50 or even 100 times. That's why they win more.
Where's the Catch?
Not so much a catch but you do have to share your winnings with the other syndicate members.
But so long as the syndicate has been well designed this isn't a problem.
What Makes A Great Syndicate
The best lottery syndicates will firstly choose the right game to play - that means reasonable odds of hitting the jackpot versus the size of the jackpot pool. Often power ball type games have huge prizes but the odds are just way too high.
Once you have the right game, you then balance that against the number of players in each syndicate group. To give a reasonable cost per week, whilst still giving everyone a large enough piece of the jackpot when you do win.
How Do You Choose Which Syndicate To Play With
Playing the right lottery game, with the right size group and number of tickets is most important.
But you also need to consider who is running it.
It is cheaper to play in a non-professional syndicate. You can join an existing one with friends or work colleagues, or even start one yourself.
But don't underestimate the amount of work involved. So make sure the person running the group is reliable and very organized. You don't want to find yourself celebrating a huge win only to discover your syndicate manager had a late night and forgot to buy the tickets! And you must trust that person to check tickets extremely carefully, and fairly distribute all winnings.
Get a Professional?
There are a number of professional syndicates available. These will cost you a little more, but are the right choice if you cannot find a local group that has balanced the numbers well and picked the right game. Or you simply want to put your trust in someone professional or more reliable.
The Bottom Line
Whichever way you choose to play, a lottery syndicate is a no-brainer for most players. You trade a share of the winnings for a much better chance of actually getting any. Why play alone!
