Lottery Syndicate Disadvantages

Traditional Lottery Syndicates have a number of advantages and disadvantages

The main advantage they have is that the syndicate can massively increase their chances of winning. The drawback is that they must share the earnings 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 purchasing lottery tickets. Often the syndicates are based around a group of work colleagues or members of a social society 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. Of course the downside in the lottery syndicate is that you need to share the prize with other syndicate members.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 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 is no dispute over the winnings.

The only place that lottery syndicates have not gained popularity in is the United States. The main reason for this is that each of the different states have their own lottery with only a few lotteries being available in multiple 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 to have happen. There is also the issue of the state and Federal laws. 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 disadvantage 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 it can be every one for themselves. This is the reason that organizations and organised syndicates the best solution.

One solution to the syndicate disadvantages 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 evenly distributed. At the moment syndicates are possible in the National Lottery in the United Kingdom, Euro Millions Lottery and the Spanish ElGordo Lotteries .

These syndicates are available to members from all over 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