A lottery syndicate also called a ‘lotto pool’ is a group of players who combine their money to buy lottery tickets as a collective. You get US Powerball syndicates as well as Mega Millions lottery syndicates.
At our casinos, you are able to join a lottery syndicate and play for real money. Stay with us for more information about online lottery syndicates and how to join. We also mention some of the best lottery sites available to you today.
Lottery Syndicate Online
Learn about lottery syndicates with our guide below and sign up with your friends at the best USA online casinos that have a lottery and start playing.
theLotter is an independent online lotto ticketing provider that provides the option to join an online lottery syndicate or a US Powerball syndicate. The service is available to players worldwide. The site offers many types of syndicates, all you need to do is choose which one you’d like to join and buy shares.
The number of shares you’ve bought will be directly proportional to the amount of money you’ll receive should your syndicate win. theLotter functions by preselecting numbers and buying lottery tickets prior to every draw.
Players who log onto the site wanting to join a syndicate simply click the syndicate icon. theLotter then assigns each player to a group. The syndicates who have won money will be notified, and the winnings will be split in order of initial share size.
A second option for US players is LottoLishus. This is an online lottery pool provider. On this site, you have the option to join a syndicate for US lottery variations Mega Millions or Powerball. Site users need to buy their tickets four weeks in advance and draws are held twice a week.
You can buy two Powerball tickets at a time for $4, or two Mega Millions tickets for $6 at a time. Alternatively, you could buy a combination of both for $8 a week.
Powerball syndicates online follow the same pattern nuances as the standard lottery syndicates. Playing with a group increases the entire teams’ chance of being Powerball syndicate winners. With power ball syndicates players place their tickets together for a draw to boost the team’s odds. The Powerball syndicate rules are simple to master.
The syndicate will buy Powerball tickets together, and each member on the team will have a share of the winnings. Due to the fact that you are playing several tickets in the syndicate, there is a better chance that there may be several Powerball prizes to share. Joining a syndicate also means players pay less for tickets. There is more than one Powerball online syndicate to choose from which each syndicate offering its own additional benefits.
Types of Lottery Syndicates
Before your syndicate is crowned the Best Powerball Syndicate you have to collectively agree on the kind of syndicate plays you would like to take part in. Different types of syndicates are available and whichever one you choose is up to you. We’ve explained a few of the options for you below:
1. Random Selection Syndicate. Random selection syndicates choose numbers at random for a fixed number of lines on the lottery ticket.
2. Systematic Syndicate. A systematic syndicate covers all probable combinations in a set of 7-14 numbers. The numbers to fill out this tally is chosen at random.
3. Guaranteed Number Match Syndicate. This syndicate type, it’s guaranteed that you will match one of the 5 main numbers in the Powerball game. As you may know in Powerball you need to choose five main numbers between 1-69.
This syndicate, therefore, has at least 69 tickets, each including a number between 1 and 69. The 5 main numbers will derive from the 1-69 number range making this guaranteed. The rest of the numbers are chosen at random.
4. Additional Number Syndicate. This syndicate on the other hand guarantees that you will match the Powerball number. All Powerball numbers derive from the numbers 1-26.
This means that at least 26 tickets will be bought, each including a number between 1 and 26. The rest of the numbers are also selected at random.
Advantages & Disadvantages of Syndicates
The biggest advantage of joining a syndicate group is that by sharing resources with other players and joining efforts, you significantly increase your chances of winning a cash prize, or better yet, the jackpot. One ticket has about a 1 in 45 million chance of winning the lottery jackpot. However, if you’re a syndicate group of 10 buying 100 tickets a week, the odds do begin to look a lot less astronomical.
A second advantage to syndicates is that even if you don’t win the jackpot, you get some of your money back. If you’re buying 100 tickets, it’s likely that some of those tickets will win some money in the lower prize divisions. The amount will then be split between the members, giving you a small return on investment. This is better than nothing.
The biggest disadvantage is that if your syndicate group happens to win the lottery jackpot, you will not receive the full value of the jackpot because apart of the syndicate agreement is that you split all earnings evenly amongst all lotto syndicate winners.
The lottery has rules and regulations on which they operate. One rule being that only one player can be the winner of a lottery ticket. If a syndicate wins, the money will be paid to the group manager who will then distribute the money fairly.
The odds of winning in a lottery syndicate is till monumental. But its slightly better than if you were playing alone. If you play in a syndicate, and you buy 100 tickets, the odds of winning is 1 to 139,837. If you were playing alone, the odds would be 1 to 13,983,815.