There are plenty of opportunities to play lottos online, but rather than buying individual tickets or betting on lottos on your own, why not join an online lotto syndicate? The benefits of joining a syndicate are immense. If you’d like to learn more about how you could benefit, then grab yourself a cuppa and read on!
What Is An Online Lotto Syndicate?
The chances are you’ll have heard of lottery syndicates – where a group of people get together and buy lottery tickets en masse. But whilst it used to be a case that you needed to know other people in real life to form a syndicate, now you don’t need to, as things have moved on a long way.
Now you needn’t worry if you don’t know anyone, or enough people, to form your own syndicate. Instead, you can join in with a group of strangers online. What’s more, there’s no hassle involved with someone having to take charge and organise the collection of funds and buying the tickets. By using a dedicated online lotto syndicate company, all the important details are managed for you, so you can get sit back and enjoy the game.
As statistics suggest that one in five of all lottery jackpot wins are won by syndicates, it’s definitely an option well worth exploring.
What Are The Benefits of an Online Lottery Syndicate?
When it comes to the benefits of getting involved with an online lotto syndicate, there are numerous gains to be had. It’s one of those areas where the pros of being involved in a group seem to far outweigh the cons of going it alone.
To start with, being part of a lotto syndicate gives you more chances of winning – and of winning bigger prizes. There’s definitely more power in being part of a group, than an individual. That’s one of the primary reasons why people choose to be part of a syndicate, and we certainly agree.
Another key benefit is the chance to take part in online syndicates that bet on far more than just the standard National Lottery in the UK. Instead, many of the online lotto betting sites give you access to some of the biggest and best lotteries across the world. For example, renowned lotteries such as MegaMillions, PowerBall, Oz Lotto, the Irish Lotto, or EuroMillions. They give more chances of winning prizes, and of winning bigger cash pots, and when you’re part of a syndicate, you’re in a great position.
Having an organisation manage the whole process is a godsend too. There’s no detailed admin to do, no collecting monies from numerous people and no falling out about ticket purchasing. An independent company will handle all the nitty gritty details for you, so you can relax and wait for the numbers to be drawn.
How To Join an Online Lotto Syndicate
Like the idea of joining an online lotto syndicate? Who wouldn’t! If you’re keen to get going and join a syndicate, there are plenty of options available.
Online lotto betting companies such as LottoPlus and OneLotto have divisions dedicated to lotto syndicates. Or you could try a company such as Love My Lotto who specialise purely in syndicates. Whichever company you choose to go with, it’s easy to sign up, create an account and get started.
What’s more, lots of the companies have special offers when you sign up, so look out for these and you could benefit from a welcome discount, or a free line or two to get you started.
How To Bet in Lottery Syndicates
Once you’ve registered and created an account with a company, all you need to do is choose the lottery you’d like to bet on, join a relevant syndicate and decide how many shares you’d like to buy.
The cost of shares varies according to the company you’re using and the lotto you’re betting on. At Lottoland, for example, one share in the PowerBall250 lotto betting syndicate costs £10, whereas one share in the IrishLotto 210 costs £5.
If you’re interested in playing more than one lotto at once, then some sites, such as Lottoland, offer syndicate bundles. With these, you can buy shares in syndicates which play multiple lottos each week, or in each draw, and give even more chances of winning.
With some of the companies (eg Love My Lotto), you do need to buy into a membership package for a set period of time. This is useful, as you’ll know in advance how many weeks you’ve agreed to play for and what your outlay is from the outset.
How Are Syndicate Lotto Shares and Wins Divided?
When you join a particular online syndicate, you’ll be able to see how many people are included in the syndicate and therefore how many people any wins need to be divided between. This information can be used to help you decide which syndicate is most appropriate for you, or could potentially provide you with the best value for money.
The number of people in any one syndicate varies. It could be limited to 50 people, or extend to 150 or 200 people. That may sound a lot, but when you bear in mind that some worldwide lottos have huge prizes (currently £397m in the PowerBall250 draw or £50m in the EuroMillions 160 draw), even dividing a win between 200 people could still result in a great prize.
For example at World lottery Club, you could join the Euromillions syndicate club, which has 150 members. One bet of £3.50 will give you 55 chances to win. If the syndicate wins, you’re guaranteed to receive 1/150th share of the total winnings. Of course, if you place more than one bet on each draw whilst in the club, your chance of winning will increase.
Online lotto betting syndicates are big business. If you’ve ever dreamed of winning a jackpot, then your chances will definitely be increased if you join a syndicate. The lotto syndicate betting process is quick and easy to complete online and it’s highly beneficial to have an independent, professional company handling all the admin and organisation. With multiple huge lottos available worldwide, is it any wonder so many people are opting to join online lotto syndicates?