The concept of playing in a National Lottery Syndicate at work or with friends are quickly becoming popular. But there are some problems, without a syndicate agreement, they can be very difficult to manage and you can end up in hot water. For example; What happen when someone does pay? What if you miss a small win and fail to tell the group? What happens when people go away on holiday? Even with the problem traditional syndicates are very popular and they are certainly no strangers to winning the big jackpots! The biggest ever Lotto jackpot to date was won by a 16 member work syndicate from Dan Morrisseys in Carlow who shared a massive €18,963,441. Not a bad little earner if you were one of the syndicate members!
So a national lottery syndicate is simply a group of people playing a lottery game all agreed on the same rule that if one of them win the prize that victory will be divided equally among all members of the union wins. The main advantage of starting a national lottery syndicate is quite obvious: they have a better chance at a share of an award for being a member you win, to win as an individual.
National Lottery Syndicate Information
Playing in a group can also increase the fun and excitement of playing The National Lottery. Groups can be made up of friends, family or work colleagues. It’s a great way of playing The National Lottery and by following a few simple guidelines, playing should be easy and enjoyable. For example, let’s say you and 4 of your friends decide to form a group, putting in £1 a draw each. Instead of your £1 buying one set of six numbers, you’ll have an equal share in 5 sets of numbers, giving you 5 times more chances of winning a prize. So if your group won a jackpot of £1,000,000, your share would be £200,000.
A syndicate agreement can settle all disputes and can be used as legal evidence if a member of the syndicate disagrees with how any winnings are distributed.
You can download a syndicate agreement form from the National Lottery Website.
- The agreement will list the names of the participants; the amount they contribute per draw; and the percentage of winnings they receive.
- The agreement should be signed and dated by all participants.
- It should state which games, numbers and draw dates are being entered.
- It should state when contributions are collected and what happens if someone fails to pay their contribution.
- It should state the procedure for someone leaving the syndicate.
- What to do in a rollover situation etc
- Who will get the results
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Playing in a National Lottery Syndicate Online
There are a growing number of National Lottery Syndicates online today for the enthusiasts who wish to play as part of a team, a large part of the success of these companies can be attributed to the fascination of lottery the internet and decommissioning of many major products around the world, and naturally of course the gigantic odds to win large prizes playing alone as a single ticket holder.
With traditional play winning the jackpot on the UK National lottery, players have to match 6 numbers from a pool of 49 main numbers drawn. Besides winning the jackpot, players also win prizes if they match 3, 4 or 5 numbers or if they match 5 numbers + the bonus ball (These are drawn separately after the 6 main numbers).
With Love My Lotto you can cover all the major lotteries in one single payment, so you will get more value for money. The benefit of playing the UK lottery with Love My Lotto syndicate is that anyone across the globe can play with Love My Lotto, whereas if you were to play the normal way, you would need to be from the UK. When you decide to play withLove My Lotto, you play with 20 other like minded players.
Once you sign up and become a playing member, the lottery syndicate that you have been assigned to will be entered to play in every lotto draw for as long as your subscription.
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