What Are Lottery Groups & How Do They Work?
Quite simply lottery groups (also called 'pools' or 'syndicates') are a group of people who want a better chance to win the lottery jackpot.
The dictionary defines it like this:
An association of people formed to engage in an enterprise or promote a common interest.
Boring! Now this is more like it:
A group of enlightened lottery players who know the huge benefit of swapping a share of the winnings for massively better chances of actually winning.
A group is therefore a bunch of people who put their lottery money together. The head of the pool buys as many tickets as possible for the money collected. The winnings are then shared equally between the group.
You get an instant increase in your chances of winning - because you are now playing with more tickets than you would ever buy on your own. And at no extra cost.
The downside is having to share the winnings. But when even a smaller share of a jackpot win can change your life, it's not much of a downside!
How Do Lottery Groups Work?
The simplest form is the office pool. A number of employees each pay for a ticket every week, and any winnings are shared equally.
The thrill shared by a group of work mates all quitting their jobs together, makes many an office manager quietly nervous the world over!
Office pools do win - regularly too. Just take a look at some of these 'winners stories', or check your local lottery companies website.
But there are some drawbacks to these smaller groups. They rely totally on a keen, ideally obsessive, individual to keep them running. There is a lot of admin involved, and not much thanks. Until you win of course!
If you fancy having a go here's some tips on how to set up a lottery syndicate.
So what do you do if there isn't an office pool? Or the organiser isn't someone you'd trust to hand out jackpot millions (because that is what we're talking about here)?
There are larger online lottery groups run by keen individuals, and there are some really good ones listed on this site. But some of the same problems remain. What if they are ill? Or lose interest?
The other alternative is a commercial group. You will pay a little more of course. But the peace of mind that your entries are being controlled by a dedicated company is truly a small price to pay when those numbers come up!
If you're still not sure, read our longer on how to choose.
Q. Why Should I Join One?
A. Winning the Lottery Jackpot!
The odds of winning the lottery jackpot are big, really big.
Playing just one ticket every draw your entire life, the most likely result is you would never win the jackpot - ever.
But if you're like me, you want something better than those odds!
You Can Do Better!
You can improve your chances of winning the lottery by changing the way you play, and the fastest most effective way to instantly boost your chances of winning the jackpot - is to play in a syndicate group.
Take your average 6 balls from 49 lottery.
That's nearly a 1 in 14 million chance of winning the lottery jackpot, if you only buy one ticket.
It's simple maths to see that if you buy 10 tickets, your chances are 10 times better. Those odds tumble, but are still way over a 1 in a million shot.
But keep going - with 50 tickets you're now talking about 1 in 280,000. Can you see that's now starting to get believable?
What about 1000 tickets? That's only 1 in a 14,000. For the jackpot.
Watch Out For The Downside
But wait a minute here. Don't forget there can be a downside.
The problem here is the other 999 people. They all want their share too. Win 10 million and we only get 10 thousand each. Nice, but we won't be retiring on that.
So the key here is balance.
You want enough tickets to give a good chance of a win, but few enough players that winning the lottery jackpot gives you a major life changing chunk of cash.
And all at a cost that you can still afford to lose!
That's what I look for in a syndicate.
If you want to shortcut the work to find a good syndicate to play in, check out our best national lottery syndicates. These have done the figures properly and got the balance right for most types of player.