German Lottery
- PlayLotto Review
PlayLotto let you pick from a number of lotteries, from the German Lottery to the French Lotto. You can change between the 8 countries national lotteries from one week to the next. It's an unusual feature, which means you could follow big rollover jackpots. If PlayLotto did this automatically it would be much more useful though.
The number of players per group depends on the lottery being played. Choose the German lottery and you play in a group of 23, which is a little small. Play the French lotto and this shrinks to 16. But choose Sweden and it falls to just 7!
Syndicates are about balancing cost, chances of winning and the number of players to split winnings between. The Enlgish lottery option does look more balanced at 46 members per group.
Winnings are equally split between everyone in the group, and there appears to be no charge to withdraw money from your account.
Poor Value For Money
The site looks nice, and it all sounds good, but unfortunately PlayLotto is just poor value for money. The cost is 7 Euros per week, which seems reasonable. Until you work out what you get for your money. e-Lottery Syndicate (one of the best national lottery syndicates) is not the cheapest - but it is very reliable and well run, so is worth that little extra for the comfort. PlayLotto may be the same weekly cost, but e-Lottery is TWICE the VALUE! You get Saturday AND Wednesday UK Lotto draws with e-Lottery, but only Saturday draws with PlayLotto - and they cost the same! That means you get DOUBLE the chance of winning with VWD, for the same price!
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On value alone, PlayLotto rates low. But our contact with PlayLotto has done nothing to reassure. Further information was never quite as detailed as the question asked.
It Just Doesn't Add Up...
I also had major concerns in one other area. Members can actually earn money by introducing friends - nothing wrong with that (except the rather big registration fee!). But part of the commission plan involves paying a percentage of winnings to the introducing member. PlayLotto claimed this is paid by them, not from winnings.
But taking a typical German lottery jackpot, around 5 million Euros, PlayLotto could have to pay out 65,000 Euros. Potentially for 23 people in that group. That's 1.5 million Euros. I say potentially because it depends who introduced who, but PlayLotto just seemed unaware how much this could cost. It is doubtful they have the funds put aside for this. When pressed on the subject they then claimed they had insurance that would pay this. I pressed further, and am still waiting for the reply...!
Conclusion
Due to the cost alone we cannot recommend PlayLotto. Unless you particularly want to play the German lottery or the French lotto, but even then I would be nervous based on my contact with them. Love My Lotto is better value, and has a strong, friendly and helpful team in place to run it.
LATEST NEWS: PlayLotto has quietly sunk without a trace. No great loss.
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