Lottery Syndicates – Should You Participate?
There are times when you’ve got to look up to the power of “One” and there are times when you just have to say “Team”. When talking of lotteries, you increase your chances of winning manifold when you participate in an e-lottery syndicate.
An online syndicate harnesses the power of the internet to enable people participating in a lottery to win more frequently. This happens because when you purchase a lottery via a syndicate, you automatically make yourself eligible for the winnings of other members. In essence you are entering a given lottery draw multiple times at no extra cost. Thus, your chances of winning increase exponentially. Of course, the winnings are split between the participants. So, an e-lottery syndicate is basically a trade-off between a potentially huge lottery win against better chances of winning a smaller packet
Syndicates can span many countries; for example Virtual World Direct (VWD), which runs a syndicated effort for the Euro Millions lottery, is available to citizens from Belgium, France, Spain, Austria, Ireland, Portugal, Switzerland, and Luxembourg. The vast player population along with the combined lotteries of different nations makes Euro Millions the biggest bumper lottery system out there.
By becoming a member of an e-lottery syndicate you get access to some of the largest tax-free lotteries in the world. Membership is easy; all that is required is a computer with an internet connection and a credit card. With an e-lottery syndicate you do not need to keep purchasing tickets every week and visit your lottery seller for checking results. The whole system is computerized and when you win you are intimated by email. You do not have to go anywhere to collect your winnings, they are sent to your house.
There are several online resources which review e-lottery syndicates. You can refer these before you decide upon the syndicate most suited to your style and pocket. Membership fees may vary and the number of participants in a group can also differ. You should also check for member reviews on different online forums, inputs from your countrymen can be especially revealing. Check for the kind of customer service and back-office support offered by the syndicate. Of course, scams abound and you should be alert and not fall prey to anything that sounds too good to be true.
Two popular lottery syndicates are the UK National Lottery syndicate and Euro Millions syndicate run by VWD. The UK National Lottery syndicate consists of multiple groups with 49 members in each group. So, the winnings in a group are shared by 49 members. With just £5, you make yourself eligible to winning against 88 lines that open every week. The money is to be paid 4 weeks in advance. The draw occurs twice a week. The VWU Euro Millions syndicate has 39 members to a group and there are 36 lines in each draw.
Finally, you could also take a look at the range of software available for lottery and gaming enthusiasts. This includes syndicate management software for syndicates, entry management software, and lottery analysis software for the players.