Knowing that may prompt you to find out a little bit more about lottery syndicates. If 1 in 4 jackpot winners are lottery syndicates, it follows that 1 in 4 tickets purchased are purchased by lottery syndicates. It sounds a lot, but when you look into the maths, you’ll see why it’s so popular.
The only real way to improve your odds of winning a particular lottery draw, is to buy more tickets. For example; Buy 1 ticket into a Saturday draw for the Lotto costing £1, and your chances of matching all 6 numbers are 1 in almost 14 million. Buy 10 tickets into that same draw costing £10, and your odds of matching all 6 numbers would reduce to 1 in 1.4 million.
If you decided to join a lottery syndicate of 10 people each spending £10 in the same draw. The syndicate would be able to buy 100 tickets (10×10), thus reducing the odds of matching all 6 numbers to 1 in 140,000. Effectively giving you 10 times as much chance of winning.
Now, if you decided to join a lottery syndicate with 100 people each spending £10 in the same draw. The odds are now 1 in 14,000.
You can easily see why lottery syndicates are so popular. Admittedly, any prize you may win will be shared by all those within the syndicate, but even one hundredth of a Lotto jackpot win is a life changing amount of money, especially if it’s a rollover.
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