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Winning big with the lottery is one of the ultimate dreams. It’s also one of the most mathematically difficult things to achieve.
As with all games of chance, the outcome of any given draw is totally random. However, some internet scammers would have you believe that their lottery prediction books or software are the secret to improving your odds.
The truth is, there is only one way to improve your odds with the lottery, and that’s by buying more tickets. The best way to do that? Joining a lottery syndicate.
What Is a Lottery Syndicate?
A lottery syndicate is simply a group of people who pool their money to buy lottery tickets. By sharing in the costs, members also agree to share all prizes.
Commonly, lottery syndicates are made up of family, friends, or co-workers. However, the best online lottery sites also host online syndicates that anyone can join.
Lottery syndicates are the best solution to improving your odds. As explained, the only way you can actually increase your chances of winning is by buying more tickets.
However, that can quickly become prohibitively expensive. By pooling resources through a lottery syndicate, you can improve your odds without increasing your lottery budget.
Lottery syndicates can be as small as two people and can be as big as you want. The cost per share is also something that varies. Some syndicates may charge the cost of one lottery line per share, while others may charge less or more. Depending on the syndicate, members may also be able to buy multiple shares.
Benefits of Lottery Syndicates
There are many benefits to joining a lottery syndicate, some more obvious than others.
The biggest benefit is being able to improve your odds without having to increase how much you spend. This means you’re truly getting more bang for your buck, getting better odds while spending the same amount that you’d normally spend alone.
Syndicates also increase the excitement of playing the lottery. The only thing better than winning a huge amount of money, is sharing the win with friends and family.
Playing with a group also makes it easier to stay anonymous should you get lucky and take the top prize. Many games make claiming the prize publicly a condition of winning. However, this can bring a lot of unwanted attention to winners. Lottery syndicates make this a non-issue, as you can claim the prize on behalf of the syndicate.
Negatives of Lottery Syndicates
There are very few downsides to joining a syndicate. The most obvious one is that you have to split any prize you win with your fellow syndicate members. But sharing a prize is better than winning no prize at all.
The only other negative that could come out of joining a syndicate is the slight risk of getting scammed. However, you can decrease this risk by joining an official, organized syndicate online, or writing out an official signed agreement between members.
Can Lottery Syndicates Really Improve Your Odds of Winning?
Yes! Despite what many self-proclaimed lottery gurus may say, the only mathematical way to improve your odds is by buying more tickets. And the only way to do that without breaking the bank is with a lottery syndicate.
Mathematically, your odds improve with every ticket you buy. Take for instance the popular multi-country game EuroMillions.
EuroMillions has jackpot odds of 1 in 139,838,160. When you buy two tickets, then that immediately halves those odds to 69,919,080. This is just simple math, as 139,838,160 ÷ 2 = 69,919,080.
In a syndicate that shares the cost of 50 tickets, those odds then improve even more to be 1 in 2,796,763.2. They continue to improve with every additional ticket purchased.
This also doesn’t even take into account the secondary prizes. The odds of winning the second-tier prize in EuroMillions are 1 in 6,991,908. With 50 tickets, that becomes 1 in 139,838.16.
Pretty quickly, your chances of winning a significant prize don’t seem so insurmountable.
Do Lottery Syndicates Work?
If you need further convincing about the benefits of lottery syndicates, simply read through some lottery headlines.
Two of the biggest jackpots of 2021 were won by syndicates. The January 22 Mega Millions draw, which awarded the third-largest prize in US history, was won by a four-member syndicate. The Wolverine FLL Club syndicate from Michigan won $1.05 billion.
Just a couple days earlier, on January 20, a three-member syndicate in Maryland won a $731.1 million Powerball jackpot. With the win, the Power Pack syndicate became the winners of the biggest prize in Maryland Lottery history.
And it’s not just winners in the US. In the UK, lottery syndicates make up 1 in 5 winners, according to the National Lottery.
Lottery syndicates are a great way to play the lottery. They improve odds while keeping costs low, and allow you to share the excitement—and, with luck, the riches—with friends and family.