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 winning chances. The down side is that they must share the earnings with all that are included in the lottery syndicate.

So 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 purchasing lottery tickets. Often the syndicates are based around a group of friends at work or members of a sporting club 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. But the down side in lottery syndicates is that the winnings are dispersed among the group.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 a very long time and have gained a strong popularity in Europe. They are particularly popular in the UK, where there are official syndicates that manage the funds and have each member contracted so that there are no arguements when the syndicate wins.

The only place that lottery syndicates have not gained a strong hold is the United States. The main reason for this is that there are 38 states that have state run lotteries and there are only a handful 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 eager to go through all the trouble.

The main difficulty with traditional lottery syndicates are that there is certain way to contractually 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 positions are available in the National Lottery in the United Kingdom, Euro Millions Lottery and the El Gordo Lottery in Spain .

These syndicates are open 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