Understanding Lottery Syndicates
There are many types of lottery syndicates available to join in the UK today, from huge mega-syndicates with thousands of members, to small syndicates run by office workers together. Anyone can start a syndicate by applying through the lottery, but it is easier and less time-consuming to join a current syndicate.
In basic terms, a syndicate is a group of people that regularly pay to play the lottery together. Sometimes each player can choose their own numbers to play with, and sometimes the syndicate will pick their numbers for them. Each player has a different set of numbers - which increases the chances of winning as a whole.
Which Lottery Games are Available to Syndicates?
Of course, the main Lotto game is available for syndicates to play - but also the Lottery offers tickets for their other draw-based games, such as Thunderball, EuroMillions, Dream Number, Lotto HotPicks and Daily Play. This gives you a wide range of games to play through a syndicate, whether you want to take a gamble once a week or even have a flutter on every draw.
Pros of a Lottery Syndicate
More Likely to Win
- More players means more tickets, which means more likely to win! In addition, if one ticket wins, you all scoop the shared reward!
Getting The Jackpot
- As part of a lottery syndicate you are more likely to scoop the big prizes - one in four Lotto Jackpots that are registered are won by syndicates!
No Hassle
- You don't need to find people yourself to join the syndicate with you, for the syndicate to work Often players are all around the world and will join the same way you will.
No Travel
- All tickets are handled and bought by the syndicate for you, so there is no need to search for a lottery terminal.
No Limit!
- A syndicate doesn't have to be full to be entered into draws. If a syndicate becomes full and a new member wants to join, a new syndicate will be started and all its numbers entered into the next draw as usual.
Cons of a Lottery Syndicate
Sharing
- Unfortunately, the prize money won by syndicates is shared amongst all those in the syndicate that contributed to the ticket.
How Much Does it Cost?
The cost of a syndicate all depends on how much you want to pay for how often - most syndicates have a flat fee that enters you into as many draws a possible for the least cost possible. Smaller lottery syndicates are often more expensive but have a higher payout, while larger syndicates have a higher possibility to win.
How Do I Pay?
Often a charge is made recurrently as part of a membership to a syndicate and these syndicate lottery sites offer secure, encrypted payment systems, so you can pay safely in the knowledge that all your details are protected. All payments to syndicates are in British Pounds Sterling (GBP), and all winnings will also be sent as GBP.
How Do I Get My Winnings?
Payment of winnings vary from syndicate to syndicate, but often a payment will be sent to the postal address you provided when joining the syndicate, or if you have joined via the Internet, there are often options to be paid directly through a web merchant service into your bank account. Large winnings of more than £500 must be claimed fist by the syndicate from the National Lottery itself before they can be then sent onto you. Often this will take around 10 working days from the draw date - giving you plenty of time to ponder how you will spend all that money!
Is it Safe?
Although there are always exceptions to the rule, especially on the internet, most syndicates are completely fair, safe and well-regulated. Be sure that the syndicate you are researching offers safe ways to pay through an encrypted site, and that they do not retain your credit card details.
Further Lottery Syndicate Information
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