How to set up a Lottery Syndicate

Traditional Lottery Syndicates have a number of advantages and disadvantages

The main strength they have is that the syndicate can greatly increase their chances of winning. The down side is that they must share the earnings with other members of 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 co-workers or members of a social society or even friends and family

Therefore instead of purchasing only one ticket for a draw the syndicate can purchases 10, 20 or even hundreds of tickets.This hughly increases the chances of winning. But the down side in lottery syndicates is that the winnings are dispersed among the group.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 are very popular in Europe. They are particularly popular in the United Kingdom, 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 seperate states have their own lottery with only a few lotteries being available in multiple states. The lottery that is available in the greatest number of states is the Powerball and also to a lesser degree Megamillions.

This makes lottery syndicates something that is desired in the United States, 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 difficulties that would require to be overcome 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 legally bind the people of 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 the best solution.

One solution to the syndicate problems 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. Currently syndicates are possible in the UK national lottery, Euro Millions Lottery and the El Gordo Lottery in Spain .

These syndicates are available to people 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